The instant adhesives are special type of solvent-free adhesives that cure at the room temperature. They provide excellent bonding strength to most of the substrates for instance metal, composites, glass, and wood and among others. They are widely used for instant bonding purposes on plastics, rubber, paper, metals, and glass. They are also used in carpentry, small repairs, assembly applications, automation, coil connections and electronics. Growing automation applications are fueling the demand for instant adhesives which may dominate the instant adhesive market for years to come. Moreover, rising usage of automation & electronic components and increasing applications in medical devices are likely to drive the market for instant adhesives throughout the forecast period.
Referring to the study, “Global Instant Adhesives Market, 2021-2027”. Some of the key companies operating in the global instant adhesives market include H.B. Fuller Company, 3M Company, Pidilite Industries, Bostik S.A., Toagosei Co., Ltd. and among others.
Based on product type, instant adhesives market can be segregated as epoxy-based and cyanoacrylate. The epoxy-based product segment holds major share in global market due to product’s high cohesive strength, higher water resistance, and better heat & environmental resistance. Cyanoacrylate is further sub-segmented as ethyl cyanoacrylate, methyl cyanoacrylate and 2-octyl cyanoacrylate. In addition, based on application, market can be segregated as electronics, transportation, industrial, and consumer goods, medical, wood and among others.
Rise in demand for miniaturization & automation in the electronics industry, followed by high growth in the end-use industries and increase in properties of instant adhesives for instance fast curing and excellent bonding strength are some major factors, which are responsible for growth of the instant adhesives market. Apart from this, high price in comparison to other adhesives and decrease in the robustness of instant adhesives may impact the market. Moreover, rise in demand in the developing nations and growth in innovation in green adhesives technologies are leading opportunities for market.
Based on regional analysis, the Asia-Pacific is a leading region in “Global Instant Adhesives Market” owing to increase in need for instant adhesives from advancing countries and rise in demand from end-user industries including electronics, construction, packaging, transportation, and furniture across the region. Moreover, low tax-rates coupled with presence of major players will further fuel the growth of instant adhesives industry in the region over the forecast period. The Europe and North-America regions are estimated to witness higher growth rate due to increase in furniture production & exports, presence of some of the largest manufacturers & vendors and growth in automotive industry over the forecast period. In addition, the demand for rental furniture is increasing in the USA, which will also contribute to the market for instant adhesives. Increasing use of instant adhesives in the medical applications and footwear & leather industries are expected to generate innovative growth opportunities for North-American instant adhesives market in the forthcoming years. It is projected that future of the global instant adhesives market will be optimistic on account of rise in demand from electronics industry coupled with increase in need for instant bonding for various applications during the forecast period.
For More Information, refer to below link:-
Ankur Gupta, Head Marketing & Communications