October 05, 2021
According to the research report titled ‘Global Instant Adhesives Market, 2021-2027’, available with MarketStudyReport, global instant adhesives market is projected to register a y-o-y growth rate of 6.6% during 2021-2027.
Increasing demand for instant bonding in various applications across end-use industries, and focus among manufacturers to cater this demand is a major factor driving the global instant adhesive market. With growing population, urbanization, increasing demand for quality products, and consumer inclination towards technology, the market is witnessing tremendous growth.
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For the record, adhesives are popularly known as glue, paste or mucilage, are any non-metallic substances that are applied to one or both surfaces of two separate items that cements them together and resists their separation. They polymerize in the presence of weak bases, like surface moisture, and will glue well to a variety of substrates.
Based on product type, global instant adhesives industry is segmented into cyanoacrylate, and epoxy based. Among these, cyanoacrylate adhesive segment is poised to garner significant returns over the projected timeline, as they are available in a wide range of viscosities and are known for fast & reliable bonds with instant high-performance bonding of frequent materials, like metals, rubber, plastic, wood, and polystyrene.
Considering application range, the marketplace is categorized into consumer goods, industrial, electronics, transportation, medical, and wood. Among these, electronics segment is likely to witness substantial growth over the forecast timeline, owing to extensive use of adhesive bonding technology in the domain.
The regional landscape of global instant adhesives industry is studied for North America, Asia Pacific, Europe, Middle East & Africa, and South America. Among these, Asia Pacific is poised to lead the market forecast over the estimated timeline, owing to increased demand from several end-use industries like packaging, electronics, construction, transportation, and furniture.
Meanwhile, Europe market is likely to amass significant remuneration over the forecast timeline, due to the presence of prominent players in the region.
The competitive framework of worldwide instant adhesives industry is defined by companies like Toagosei Co. Ltd., Pidilite Industries Limited, Henkel AG & Co. KGaA, H.B. Fuller Company, Bostik S.A., and 3M Company.