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Cyanoacrylate adhesives are also known generically as instant glues, power glues or superglues. Cyanoacrylates are a group of strong fast-acting adhesives with industrial, commercial, medical, furniture and consumer goods, among other uses. They have a short shelf life if not used and about one year from manufacture if unopened, and one month once opened. They have some minor toxicity. Cyanoacrylates comprise n-butyl cyanoacrylate, methyl 2-cyanoacrylate, ethyl-2-cyanoacrylate, and 2-octyl cyanoacrylate and among them, Octyl cyanoacrylate was developed to address toxicity concerns and to reduce skin irritation and allergic response.
Global Cyanoacrylate Adhesives Market Segments Size & Growth:
Global 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.
Global Cyanoacrylate Adhesives Market Segments Share:
Global 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 electronics, healthcare, consumer goods, furniture, footwear & leather, automobiles, and others.
By Geography, Asia-Pacific 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. Asia-Pacific is being followed by North America and Europe as the second and third largest market for cyanoacrylate adhesives. Moreover, Asia-Pacific 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 like India and China.
Global Cyanoacrylate Adhesives Market Trends:
Global 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
Along with these companies, there were many other companies considered/cited in the report while analysing the global 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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