South America 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
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.
South America Cyanoacrylate Adhesives Market Segments Size & Growth:
South America 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.
South America Cyanoacrylate Adhesives Market Segments Share:
South America cyanoacrylate adhesives markets categorised into a type which comprises methyl-ester-based, ethyl-ester-based, alkoxy-ethyl-based, and others. By end-users, the market is segmented into electronics, healthcare,
South America 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
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, Brazil 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, Argentina 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.
South America 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 container, and
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South America 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
it is a glue that is freely applied with a thin bond line from a squeeze bottle and cures instantly.
South America 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 South America 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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