By the end of 2033, the global instant
adhesives market is predicted to have risen at a compound annual growth
rate (CAGR) of 9.3%, from US$2.7 billion in 2023 to US$6.5 billion.
Cyanoacrylate adhesives are sometimes known as instant adhesives. They are
room-temperature curing adhesives with a wide range of viscosities and are
well-known for their rapid bonding and durability. These high-performance
bonding adhesives available in a number of materials, including rubber, metal,
wood, plastic, and polystyrene.
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Key Takeaways from Market Study
- The
global instant adhesives market is predicted to reach US$ 6.5 billion by
2033-end.
- The
Canadian market is anticipated to evolve at a significant CAGR of 8.3%
through 2033.
- The
instant adhesives industry is worth US$ 2.7 billion in 2023.
- The
market is projected to advance at a CAGR of 9.3% through 2033.
- Worldwide
demand for instant adhesives in Germany is forecasted to progress at a
noticeable CAGR of 6.3%.
Competitive Landscape
Prominent manufacturers of instant adhesives are investing
at an increased rate in product innovation and advancements.
For instance :
- • In
July 2019, Henkel announced a US$ 45 million investment to upgrade its
Salisbury NC adhesive factory in North America. This newly refurbished
factory will include a new section for UV acrylic adhesives used for tape
and label packaging. This investment intends to boost the company's
position in North America, where
- However,
toxicity, odour, whitening, poor pliability, and impact resistance can
cause major skin concerns. Furthermore, the incapacity of these solutions
to cover greater regions in a single stroke is expected to pose
difficulties to market expansion. However, the extensive use of instant
adhesives in domestic operations, precision equipment, musical
instruments, the automotive industry, and chemical machinery and equipment
is projected to create lucrative growth opportunities in the global
market.
Winning Strategy
Instant adhesives are used at a significant rate across
different end-use applications. Moreover, improvements in adhesive technology
to provide improved bond strength with various substrate types serve as one of
the noticeable drivers for market growth. In addition, manufacturers are
putting efforts to meet strict environmental regulations that have been laid
down by governments and organizations.
Safety standards, excellent bonding strength, ease of use,
fast curing speed, and product quality are some noteworthy features that make
these instant adhesives one of the most commonly preferred choices among
consumers.
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Source: https://www.globenewswire.com/news-release/2023/01/13/2588528/0/en/Demand-for-Instant-Adhesives-in-U-S-Market-Fueled-by-Rapid-Growth-in-Automotive-Industry-Fact-MR-Report.html
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