The cyanoacrylate adhesives market size has grown strongly in recent years, anticipated to increase from $1.40 billion in 2023 to $1.49 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. This growth in the historic period can be attributed to the rise in the automotive industry, increased use of electronics, adoption in aerospace, rapid expansion of the consumer goods sector, and home improvement trends. The cyanoacrylate adhesives market size is projected to see strong growth, reaching $1.93 billion in 2028 at a CAGR of 6.7%. Factors contributing to this growth in the forecast period include sustainability trends, increased infrastructure development, the rising adoption of 3D printing in various industries, growth in renewable energy projects, and advancements in adhesive technology. Major trends expected during this period encompass rising demand in the medical sector, increasing use of lightweight materials, miniaturization in electronics, heightened focus on adhesive strength, and automation in manufacturing.
Global Cyanoacrylate Adhesives Market Key Driver
The increasing number of surgeries is expected to promote growth in the cyanoacrylate adhesive market. Factors such as an aging population, chronic diseases, and medical advancements contribute to the rise in surgeries. Cyanoacrylate adhesives are used for wound closure and tissue bonding, offering a non-invasive alternative to sutures. According to the Australian Institute of Health and Welfare, there was an 18% increase in patients admitted for surgery from public hospital waiting lists in 2022-23 compared to 2021-22. Consequently, the growing number of surgeries is driving the cyanoacrylate adhesive market.
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Global Cyanoacrylate Adhesives Market Segments
The cyanoacrylate adhesives market covered in this report is segmented –
1) By Type: Alkoxy Ethyl-Based, Ethyl Ester-Based, Methyl Ester-Based, Other Product Types
2) By Technology: Reactive, Ultraviolet (UV) Cured Adhesives
3) By Application: Automobiles, Footwear And Leather, Furniture, Consumer Goods, Healthcare, Electronics, Transportation, Other Applications
By Geography:The regions covered in the cyanoacrylate adhesives market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the cyanoacrylate adhesives market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Major Cyanoacrylate Adhesives Industry Players
3M Company, Henkel AG & Co. KGaA, Parker-Hannifin Corporation, Arkema SA, Sika Services AG, H.B. Fuller Company, Aica Kogyo Co. Ltd., Pidilite Industries Limited, The Soudal Group, NANPAO RESINS CHEMICAL GROUP, DELO Industrial Adhesives LLC, Dymax Corporation, Chemence Inc., Threebond International Inc., Aron Alpha, Hernon Manufacturing Inc., Permabond Engineering Adhesives Ltd., Master Bond Inc., TONG SHEN ENTERPRISE CO. LTD., Aman International, Urja Sealants Pvt. Ltd., Vitrochem Technology Pte Ltd.
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Cyanoacrylate Adhesives Market Overview
Cyanoacrylate adhesives, commonly known as superglue, are fast-bonding, strong adhesives that cure quickly in the presence of moisture. They are used in various applications, including industrial, medical, and household repairs, due to their ability to bond to a wide range of materials such as metal, plastic, and rubber.
Cyanoacrylate Adhesives Global Market Report 2023 provides data on the global cyanoacrylate adhesives market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The cyanoacrylate adhesives market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
