Medical, Automotive, Electronics: Top Industries Driving Cyanoacrylate Demand
The report "Cyanoacrylate Adhesives Market by Chemistry (Ethyl cyanoacrylate, Methyl cyanoacrylate), End-use Industry (Industrial, Woodworking, Transportation (Automotive, Aerospace, Medical, Electronics, Consumer) - Global Forecast to 2029", is projected to reach a market size of USD 2.56 billion by 2029 from USD 2.22 billion in 2024, at a CAGR of 2.9%. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, cyanoacrylate adhesives (CA) market size & estimations, competitive scenario, and varying market trends. Asia Pacific is the one of the largest markets for cyanoacrylate adhesives. The demand for cyanoacrylate adhesives is experiencing significant growth across various industries, including automotive, electronics, medical, consumer, and more. Emerging nations such as China, Japan, India, US, and Germany, are expected to play a crucial role in driving the cyanoacrylate adhesives market forward.
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Browse in-depth TOC on "Cyanoacrylate Adhesives Market"
236 – Tables
64 – Figures
282 – Pages
Ethyl cyanoacrylate by chemistry segment dominate the market by highest share of the cyanoacrylate adhesives market during the forecasted period.
Ethyl cyanoacrylates are dominating because of their balanced mechanical qualities and extensive availability. Because of its rapid curing time, excellent bonding capabilities, and versatility, it can be adhered on range of substrates, including plastics, metals, and ceramics. Additionally, continuous advancements in adhesive technology have improved the formulation of ethyl cyanoacrylate, enhancing properties such as environmental resistance and curing speed.
With ongoing technological advancements and innovations in cyanoacrylate adhesives, coupled with expanding applications in emerging industries, the segment is expected to experience robust growth in the forecast period.
Asia Pacific region is likely to be the fastest growing cyanoacrylate adhesives market during the forecast period.
Rapid industrialization and urbanization in the Asia Pacific region are driving demand across various sectors including industrial, automotive, electronics, and medical industry. With expanding manufacturing bases in countries like China, Japan, and India there's a rising need for cyanoacrylate adhesives for various applications. Moreover, ongoing advancement in manufacturing technologies and materials, particularly in China and Japan, are boosting demand in diverse industrial sectors for strong and rapid curable adhesive solutions. Advancements in cyanoacrylate adhesives tailored to wide range of industrial application needs are poised to further stimulate market growth in the region.
Cyanoacrylate Adhesives Market Key Players
Henkel AG & Co. KGaA (Germany), H.B. Fuller Company (US), 3M (US), Sika AG (Switzerland), Huntsman International LLC (US), Arkema (France), Toagosei Co., Ltd (Japan), Illinois Tool Works Inc. (US), and Pidilite Industries Limited (India) are the key players in the global cyanoacrylate adhesives market.
Henkel AG & Co. KGaA: Henkel AG & Co. KGaA, a parent company of Henkel Group, is a leading market player in both industrial and consumer sectors, supported by its strong brands and pioneering technologies, including Persil, Schwarzkopf, and Loctite. The company was established in 1876 with a headquarter in Düsseldorf, Germany.
Henkel AG & Co. KGaA has strong product portfolio that includes renowned hair care products, laundry detergents, fabric softeners, as well as adhesives, sealants, and functional coatings. The company operates globally under two primary business segments: Adhesive Technologies and Consumer Brands. The adhesive technologies business segment of the company is a global leader in adhesives including cyanoacrylates, sealants, and functional coatings, catering both industrial clients and consumers.
The company has wide global presence with a 161 manufacturing sites in 55 countries worldwide. The largest production facilities of the company are situated in Bowling Green, Kentucky, USA, and in Düsseldorf, Germany.
In February 2024, the company has launched two new advanced products of cyanoacrylate adhesives developed for medical device applications to enhance safety and performance. These medical grade products namely Loctite 4011S and Loctite 4061S offer strong bonding on plastics, rubber, and metals.
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H.B. Fuller Company: H.B. Fuller Company, established in 1887, is a global leader in the formulation, manufacturing, and marketing of adhesives and specialty chemical products. The company conducts its operations in three reportable segments: Hygiene, Health and Consumable Adhesives, Engineering Adhesives and Construction Adhesives. The company primarily offers wide range of cyanoacrylate adhesives to enhance the performance of various consumer and industrial goods, including food and beverage containers, medical products, automotive components, and electronics. It also provides sealing and waterproofing solutions for infrastructure, pressure-sensitive adhesives for roofing, and grouts and mortars for flooring applications to meet the market demand.
With a headquarter in Minnesota, US, H.B. Fuller Company has built strong global presence with operation facilities in 35 countries across North America, Europe, Latin America, Asia Pacific, India, the Middle East & Africa.
In May 2024, the company has acquired a US based ND Industries Inc., a provider of specialty adhesives and fastener locking and sealing solutions. H.B. Fuller Company has took over the Vibra-Tite products of ND Industries Inc. into its existing portfolio, which includes epoxy, cyanoacrylate, UV curable, and anaerobic adhesives. The main objective of this acquisition is to expand the product offering and market reach of the company within the functional coatings, adhesives, sealants, and elastomers sector.
Cyanoacrylate Adhesives Industry: Regional Analysis
The cyanoacrylate adhesives industry is witnessing significant growth across various regions, driven by rising demand in automotive, medical, electronics, and construction applications.
🔹 North America: The region holds a substantial market share, driven by increasing adoption in the medical sector for wound closure applications and strong demand in automotive and aerospace industries. The presence of key manufacturers and advancements in adhesive technology further fuel growth.
🔹 Europe: Stringent environmental regulations and the growing preference for eco-friendly adhesives contribute to market expansion. The automotive and electronics sectors, particularly in Germany, France, and the UK, are key demand drivers.
🔹 Asia-Pacific (APAC): APAC is the fastest-growing market, led by China, India, Japan, and South Korea. Rapid industrialization, expanding manufacturing sectors, and increased investments in electronics and consumer goods drive demand. Additionally, the region's booming automotive industry further accelerates market growth.
🔹 Latin America: Growth is supported by rising construction activities and increasing automotive production in Brazil and Mexico. However, the market size remains smaller compared to North America and APAC.
🔹 Middle East & Africa: Infrastructure development and industrial expansion in Saudi Arabia, UAE, and South Africa are driving demand, particularly in the construction and medical sectors. However, limited local production capacities may impact growth.
𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐟𝐨𝐫 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬:
⏩ The study represents a quantitative analysis of the present Cyanoacrylate Adhesives Market trends, estimations, and dynamics of the market size from 2024 to 2029 to determine the most promising opportunities.
⏩ Porter's five forces study emphasizes the importance of buyers and suppliers in assisting stakeholders to make profitable business decisions and expand their supplier-buyer network.
⏩ In-depth analysis, as well as the market size and segmentation, help you identify current Cyanoacrylate Adhesives Market opportunities.
⏩ The largest countries in each region are mapped according to their revenue contribution to the market.
⏩ The Cyanoacrylate Adhesives Market research report gives a thorough analysis of the status of the Cyanoacrylate Adhesives Market's major players.
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𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐓𝐨 𝐁𝐮𝐲 𝐓𝐡𝐞 𝐊𝐞𝐲𝐰𝐨𝐫𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:
➼ In-depth analysis of the market on the global and regional levels.
➼ Major changes in market dynamics and competitive landscape.
➼ Segmentation based on type, application, geography, and others.
➼ Historical and future market research in terms of size, share growth, volume, and sales.
➼ Major changes and assessment in market dynamics and developments.
➼ Emerging key segments and regions
➼ Key business strategies by major market players and their key methods
