Asia-Pacific Cyanoacrylate Adhesives Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Cyanoacrylates are also referred as super glue and are covered under the famous group of adhesives used for application in industrial, medical, and household sectors. These adhesives generally have a shorter shelf-life. If they are not opened, they can last up to a year. Moreover, if opened they hardly last for more than a month. Cyanoacrylate is the generic name used to denote ethyl-2- Cyanoacrylate and 2- Octyl- Cyanoacrylate. Various advantages of cyanoacrylate adhesives include quick bonding, curing at room temperature, one-part catalyst-free formulation, high bonding strength, requires small volumes, and others.
Asia-Pacific Cyanoacrylate Adhesives Market Segments Size & Growth:
Asia-Pacific cyanoacrylate adhesives market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include speedy growing automotive industry, rising demand from electronics industry in the Asia-Pacific region, effective economic development in Asia-Pacific. However, unhealthy to human skin, and stringent environmental regulations are thereby hampering the market growth. Various opportunities for acrylic adhesives market include increasing the standard of living in developing economies and stimulating usage in medical applications.
Asia-Pacific Cyanoacrylate Adhesives Market Segments Share:
Asia-Pacific cyanoacrylate adhesives markets categorised into a type which comprises of methyl-ester-based, ethyl-ester-based, alkoxy-ethyl-based, and others. By end-users, the market is segmented into
Asia-Pacific Cyanoacrylate Adhesives Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
electronics, healthcare, consumer goods, furniture, footwear & leather, automobiles, and others. In the electronics industry, it is mainly used to manufacture watches, transformers, rubber mouldings, logos on televisions, etc. In footwear, it is widely used in shoes, flip-flops, slippers, and others, and in the leather industry, it is widely used in fancy beed or in the designs that require instant bonding. In wooden handicraft Industry, it is used to seal the wooded holes, minimising the wastage of time and providing a very strong bond. In the automobile industry, it is used to manufacture helmets, air filters, spare parts, and others. In the healthcare industry, it is used in adhesive tapes for medical device and wound care applications, precision coatings and films for diagnostic devices, transdermal adhesive components for the pharmaceutical industry, and others.
By Geography, China dominated the market for cyanoacrylate adhesives with highest market share due to the presence of a large number of end-user industry players in the region. Moreover, India is projected to be the fastest growing regional segment during the forecast period due to the rapidly growing industrial base and the manufacturing hub for major end-use industries, especially in major economies.
Asia-Pacific Cyanoacrylate Adhesives Market Trends:
- The 3M company launched a product called 3M scotch-weld instant adhesive CA40 is a cyanoacrylate adhesive which is dispensed from a flexible
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Asia-Pacific Cyanoacrylate Adhesives Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
container, and it is a glue that is freely applied with a thin bond line from a squeeze bottle and cures instantly.
Asia-Pacific Cyanoacrylate Adhesives Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major market players, such as
- 3M Company
- Arkema Group (Bostik SA)
- Ashland Inc.
- Avery Dennison Corp.
- Beardow & Adams (Adhesives) Ltd
Along with these companies, there were many other companies considered/cited in the report while analysing the Asia-Pacific cyanoacrylate adhesives market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
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