Asia-Pacific Cyanoacrylate Adhesives Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 1.19 Billion |
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Market Size (2028) | USD 1.48 Billion |
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Largest Share by End User Industry | Automotive |
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CAGR (2024 - 2028) | 5.57 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Asia-Pacific Cyanoacrylate Adhesives Market Analysis
The Asia-Pacific Cyanoacrylate Adhesives Market size is estimated at 1.19 billion USD in 2024, and is expected to reach 1.48 billion USD by 2028, growing at a CAGR of 5.57% during the forecast period (2024-2028).
1.19 Billion
Market Size in 2024 (USD)
1.48 Billion
Market Size in 2028 (USD)
4.52 %
CAGR (2017-2023)
5.57 %
CAGR (2024-2028)
Largest Market by End-user Industry
22.55 %
value share, Automotive, 2023
Automotive is the dominant end-user industry in the market owing to the wide range of cyanoacrylate adhesive applications for exterior and interior parts and components.
Largest Market by Technology
86.66 %
value share, Reactive, 2023
Reactive is the largest technology type in the market owing to its wide range of applications across major end-user industries, including automotive, healthcare, and woodworking and joinery.
Largest Market by Country
54.57 %
value share, China, 2023
In Asia-Pacific, China had the highest market share owing to the strong presence of manufacturers in the country's healthcare, automotive, and woodworking industries.
Fastest Growing Market by Country
6.35 %
Projected CAGR, Malaysia, 2024-2028
Due to the increasing population and rapid urbanization along with rising demand for electric vehicles, Indonesia is forecasted to be the fastest-growing country in the market.
Leading Market Player
9.75 %
market share, Henkel AG & Co. KGaA, 2021
Henkel is the leading cyanoacrylate adhesives manufacturer in the region. This can be attributed to the popularity of its products in widespread industries including automotive and healthcare.
The rising applications and demand for cyanoacrylate adhesives across the aerospace and healthcare industries are the major growth factors
- Asia-Pacific's cyanoacrylate adhesives market is likely to dominate by other end-user industries owing to rapidly increasing demand from DIY and electronics applications throughout the projected timeframe. Cyanoacrylates have unique characteristics to create an exceptional bond in a shorter time period with different substrates such as wood, metal, plastics, ceramics, and elastomers, which make them suitable to be used by professionals in the DIY sector.
- Cyanoacrylate adhesive consumption has recently increased for automotive due to rising applications of critical assembly operations across the industry. Cyanoacrylates offer a permanent bond that can be stable under a wide range of heat and temperature. Moreover, automotive manufacturers are engaging themselves in producing lightweight parts and components to reduce the overall vehicle's weight without sacrificing safety. Thus, cyanoacrylate adhesives consumption in the automotive industry will showcase significant growth in the upcoming years.
- The aerospace industry is likely to witness a fastest-growing sector in terms of cyanoacrylate consumption owing to its non-flammable, fast-curing ability, and hassle-free applications in mechanical and structural operations. In addition, cyanoacrylates are rapidly adopted as a tissue adhesive for a variety of medical and surgical applications to replace traditional suturing processes. Furthermore, oral applications of cyanoacrylates have exhibited continuous improvements over the last few years. These factors collectively impetus the growth of cyanoacrylate adhesives across the Asia-Pacific region in the upcoming years.
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High value growth forecasted for the cyanoacrylate adhesives led by the Indonesian healthcare industry
- Asia-Pacific is the world's largest regional consumer of cyanoacrylate adhesives, accounting for 42.9% of total cyanoacrylate adhesive consumption in 2021. Cyanoacrylate adhesives are instant adhesives consumed in the region's automotive, healthcare, DIY, and other industries.
- China is the largest consumer of cyanoacrylate adhesives in the region and the world. These adhesives are majorly used in the country's automotive and healthcare industries. The Chinese automotive industry consumes about 23,036 tons of cyanoacrylate adhesives. Automotive production is expected to reach 34.2 million units by 2025 from 26.2 million units in 2021. Such growing demand from the automotive industry is expected to drive the demand for cyanoacrylate adhesives in the country.
- Aerospace is the fastest-growing end-user industry of cyanoacrylate adhesives in the region and is expected to record a CAGR of 6.26% in volume terms during the forecast period 2022-2028. China is implementing the 'Made in 2025' plan, which requires aircraft manufacturers to source and manufacture 100% of aircraft in China, restricting foreign players' entry. On the other hand, the local aerospace adhesives and sealants manufacturers are expected to benefit from this government scheme. Similar policies being implemented by other countries in the region are expected to boost the aerospace industry in the region.
- Indonesia is the fastest-growing country in the region and globally for the market and is expected to record a CAGR of 7% during the forecast period 2022-2028, owing to its growing healthcare industry. The medical device market in Indonesia is expected to reach USD 2.83 billion by 2027. These factors are expected to boost the demand for cyanoacrylate adhesives in the Asia-Pacific region over the forecast period.
Asia-Pacific Cyanoacrylate Adhesives Market Trends
Increasing adoption of electric vehicles to drive the industry
- The Asia-Pacific automotive industry is one of the leading industries in the market, as the sales of automotive vehicles are largely increasing. Among all the countries, China is the largest automotive producer, accounting for about 57% of the regional production, followed by Japan with 17%, India with 10%, and South Korea with 8%.
- Vehicle sales in the region have majorly declined along with production, owing to which the utilization of adhesives has been impacted. While the Y-o-Y variation in 2017-18 was -1.8%, it fell further by -6.4% in 2018-19. In 2019-20, regional production was again impacted negatively and recorded a -10.2% decline from the previous year due to the COVID-19 pandemic. The shutdown of manufacturing facilities and the shortage of vehicle components due to disruptions in the supply chain constrained the production level. However, in 2021, the demand for automobiles rose again and is expected to continue, thereby increasing the utilization of adhesives across the region over the forecast period.
- The EV market in Asia-Pacific offers another opportunity for the adhesives market to grow. The rising production and adoption of EVs and hybrid vehicles are boosting the usage of adhesives for electronic component assembly in vehicles. China is the largest producer of EVs globally as well as across the region. From 2016 to 2021, the volume of commercial electric vehicles increased from 562,603 to 1,116,382 units, recording a growth rate of about 98%. These factors are expected to increase the demand for adhesives and result in the higher market growth over the forecast period.
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High presence of furniture manufacturers in the Asia-Pacific region will propel the industry
- In Asia-Pacific, China is the largest furniture manufacturer, exporter, and consumer. China's high furniture consumption is due to its large population and the growing disposable income of urban households. More than 35% of the world's furniture trade originates from China, and 40% of the world's metal furniture exports and over 60% of upholstered wooden and metal seats are produced in China.
- The Chinese furniture market grew by around 18% during 2017-19 despite the conflict of interests with the United States. In Asia-Pacific, the furniture industry witnessed a decline of around 7% in 2020 due to the operational, trade, and supply chain restrictions resulting from the COVID-19 pandemic. However, the furniture industry has bounced back to its pre-pandemic levels in line with the rising demand from countries such as China, India, and Japan. In 2022, China exported USD 69 billion worth of furniture globally.
- India is the fifth largest producer of furniture in the world. The furniture manufacturing industry witnessed healthy growth from 2017 to 2019 because of factors like rising disposable income in Indian households, increasing middle-income families, and steady growth in urbanization. The Indian furniture manufacturing industry is largely unorganized, and the Indian government has recognized its potential and named it a champion sector. Efforts are being made to organize and regulate it in a structured way to ensure steady growth in domestic furniture production.
- Owing to the significant growth in the woodworking and joinery sector in countries like China, India, and Japan, the market is expected to register a CAGR of around 4.2% in terms of volume during the forecast period (2022-2028).
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rapid growth of civil aviation will propel the aerospace industry
- Large concentration of footwear exporters in the Asia-Pacific region will facilitate the industry growth
- Raising investment to expand infrastructural activities will augment the industry size
Asia-Pacific Cyanoacrylate Adhesives Industry Overview
The Asia-Pacific Cyanoacrylate Adhesives Market is fragmented, with the top five companies occupying 31.95%. The major players in this market are 3M, Aica Kogyo Co..Ltd., H.B. Fuller Company, Henkel AG & Co. KGaA and Pidilite Industries Ltd. (sorted alphabetically).
Asia-Pacific Cyanoacrylate Adhesives Market Leaders
3M
Aica Kogyo Co..Ltd.
H.B. Fuller Company
Henkel AG & Co. KGaA
Pidilite Industries Ltd.
Other important companies include Arkema Group, Hubei Huitian New Materials Co. Ltd, Kangda New Materials (Group) Co., Ltd., NANPAO RESINS CHEMICAL GROUP, ThreeBond Holdings Co., Ltd..
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Cyanoacrylate Adhesives Market News
- July 2021: H.B. Fuller announced a strategic agreement with Covestro to offer sustainable adhesives in the market.
- June 2021: H.B. Fuller signed a distribution agreement with Jubilant Agri and Consumer Products to promote its adhesive solutions in the woodworking segment in India.
- May 2021: Henkel announced an investment of EUR 60 million to construct a new innovation center for its Adhesive Technologies unit in Shanghai to strengthen its footprint in China.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.
Asia-Pacific Cyanoacrylate Adhesives Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. End User Trends
2.1.1. Aerospace
2.1.2. Automotive
2.1.3. Building and Construction
2.1.4. Footwear and Leather
2.1.5. Woodworking and Joinery
2.2. Regulatory Framework
2.2.1. Australia
2.2.2. China
2.2.3. India
2.2.4. Indonesia
2.2.5. Japan
2.2.6. Malaysia
2.2.7. Singapore
2.2.8. South Korea
2.2.9. Thailand
2.3. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
3.1. End User Industry
3.1.1. Aerospace
3.1.2. Automotive
3.1.3. Building and Construction
3.1.4. Footwear and Leather
3.1.5. Healthcare
3.1.6. Woodworking and Joinery
3.1.7. Other End-user Industries
3.2. Technology
3.2.1. Reactive
3.2.2. UV Cured Adhesives
3.3. Country
3.3.1. Australia
3.3.2. China
3.3.3. India
3.3.4. Indonesia
3.3.5. Japan
3.3.6. Malaysia
3.3.7. Singapore
3.3.8. South Korea
3.3.9. Thailand
3.3.10. Rest of Asia-Pacific
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
4.4.1. 3M
4.4.2. Aica Kogyo Co..Ltd.
4.4.3. Arkema Group
4.4.4. H.B. Fuller Company
4.4.5. Henkel AG & Co. KGaA
4.4.6. Hubei Huitian New Materials Co. Ltd
4.4.7. Kangda New Materials (Group) Co., Ltd.
4.4.8. NANPAO RESINS CHEMICAL GROUP
4.4.9. Pidilite Industries Ltd.
4.4.10. ThreeBond Holdings Co., Ltd.
5. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS
6. APPENDIX
6.1. Global Adhesives and Sealants Industry Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)
6.1.3. Global Value Chain Analysis
6.1.4. Drivers, Restraints, and Opportunities
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF AIRCRAFTS DELIVERED, UNITS, ASIA-PACIFIC, 2017-2028
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, ASIA-PACIFIC, 2017-2028
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, ASIA-PACIFIC, 2017-2028
- Figure 4:
- PRODUCTION VOLUME OF FOOTWEAR, PAIRS, ASIA-PACIFIC, 2017-2028
- Figure 5:
- PRODUCTION VOLUME OF FURNITURE, UNITS, ASIA-PACIFIC, 2017-2028
- Figure 6:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 7:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 8:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 9:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 10:
- VOLUME SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 11:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 12:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 13:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 14:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED IN AEROSPACE INDUSTRY BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 15:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 16:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 17:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 18:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 19:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 20:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 21:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 22:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 23:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 24:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 25:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 26:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 27:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 28:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 29:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 30:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 31:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 32:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 33:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED BY TECHNOLOGY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 34:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED BY TECHNOLOGY, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 35:
- VOLUME SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY TECHNOLOGY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 36:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY TECHNOLOGY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 37:
- VOLUME OF REACTIVE CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 38:
- VALUE OF REACTIVE CYANOACRYLATE ADHESIVES CONSUMED, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 39:
- VALUE SHARE OF REACTIVE CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 40:
- VOLUME OF UV CURED ADHESIVES CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 41:
- VALUE OF UV CURED ADHESIVES CYANOACRYLATE ADHESIVES CONSUMED, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 42:
- VALUE SHARE OF UV CURED ADHESIVES CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 43:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 44:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 45:
- VOLUME SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 46:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 47:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, AUSTRALIA, 2017 - 2028
- Figure 48:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, AUSTRALIA, 2017 - 2028
- Figure 49:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2021 VS 2028
- Figure 50:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, CHINA, 2017 - 2028
- Figure 51:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, CHINA, 2017 - 2028
- Figure 52:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, CHINA, 2021 VS 2028
- Figure 53:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, INDIA, 2017 - 2028
- Figure 54:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, INDIA, 2017 - 2028
- Figure 55:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDIA, 2021 VS 2028
- Figure 56:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
- Figure 57:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, INDONESIA, 2017 - 2028
- Figure 58:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDONESIA, 2021 VS 2028
- Figure 59:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, JAPAN, 2017 - 2028
- Figure 60:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, JAPAN, 2017 - 2028
- Figure 61:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, JAPAN, 2021 VS 2028
- Figure 62:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, MALAYSIA, 2017 - 2028
- Figure 63:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, MALAYSIA, 2017 - 2028
- Figure 64:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, MALAYSIA, 2021 VS 2028
- Figure 65:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, SINGAPORE, 2017 - 2028
- Figure 66:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, SINGAPORE, 2017 - 2028
- Figure 67:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, SINGAPORE, 2021 VS 2028
- Figure 68:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, SOUTH KOREA, 2017 - 2028
- Figure 69:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, SOUTH KOREA, 2017 - 2028
- Figure 70:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2021 VS 2028
- Figure 71:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, THAILAND, 2017 - 2028
- Figure 72:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, THAILAND, 2017 - 2028
- Figure 73:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, THAILAND, 2021 VS 2028
- Figure 74:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, REST OF ASIA-PACIFIC, 2017 - 2028
- Figure 75:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, REST OF ASIA-PACIFIC, 2017 - 2028
- Figure 76:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF ASIA-PACIFIC, 2021 VS 2028
- Figure 77:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, ASIA-PACIFIC, 2019 - 2021
- Figure 78:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2019 - 2021
- Figure 79:
- REVENUE SHARE OF CYANOACRYLATE ADHESIVES BY MAJOR PLAYERS, %, ASIA-PACIFIC, 2021
Asia-Pacific Cyanoacrylate Adhesives Industry Segmentation
Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Woodworking and Joinery are covered as segments by End User Industry. Reactive, UV Cured Adhesives are covered as segments by Technology. Australia, China, India, Indonesia, Japan, Malaysia, Singapore, South Korea, Thailand are covered as segments by Country.
- Asia-Pacific's cyanoacrylate adhesives market is likely to dominate by other end-user industries owing to rapidly increasing demand from DIY and electronics applications throughout the projected timeframe. Cyanoacrylates have unique characteristics to create an exceptional bond in a shorter time period with different substrates such as wood, metal, plastics, ceramics, and elastomers, which make them suitable to be used by professionals in the DIY sector.
- Cyanoacrylate adhesive consumption has recently increased for automotive due to rising applications of critical assembly operations across the industry. Cyanoacrylates offer a permanent bond that can be stable under a wide range of heat and temperature. Moreover, automotive manufacturers are engaging themselves in producing lightweight parts and components to reduce the overall vehicle's weight without sacrificing safety. Thus, cyanoacrylate adhesives consumption in the automotive industry will showcase significant growth in the upcoming years.
- The aerospace industry is likely to witness a fastest-growing sector in terms of cyanoacrylate consumption owing to its non-flammable, fast-curing ability, and hassle-free applications in mechanical and structural operations. In addition, cyanoacrylates are rapidly adopted as a tissue adhesive for a variety of medical and surgical applications to replace traditional suturing processes. Furthermore, oral applications of cyanoacrylates have exhibited continuous improvements over the last few years. These factors collectively impetus the growth of cyanoacrylate adhesives across the Asia-Pacific region in the upcoming years.
| End User Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Footwear and Leather | |
| Healthcare | |
| Woodworking and Joinery | |
| Other End-user Industries |
| Technology | |
| Reactive | |
| UV Cured Adhesives |
| Country | |
| Australia | |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Malaysia | |
| Singapore | |
| South Korea | |
| Thailand | |
| Rest of Asia-Pacific |
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Market Definition
- End-user Industry - Building & Construction, Automotive, Aerospace, Woodworking & Joinery, Footwear & Leather, Healthcare, and Others are the end-user industries considered under the cyanoacrylate adhesives market.
- Product - All cyanoacrylate adhesive products are considered in the market studied
- Resin - Under the scope of the study, cyanoacrylates based on Alkoxy Ethyl, Ethyl Ester, Methyl Ester, and Others are considered
- Technology - For the purpose of this study, Reactive and UV Cured adhesive technologies are taken into consideration.
| Keyword | Definition |
|---|---|
| Hot-melt Adhesive | Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed. |
| Reactive Adhesive | A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Solvent-borne Adhesive | Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers). |
| Water-borne Adhesive | Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent. |
| UV Cured Adhesive | UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives. |
| Heat-resistant Adhesive | Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage. |
| Reshoring | Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this. |
| Oleochemicals | Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats. |
| Nonporous Materials | Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow. |
| EU-Vietnam Free Trade Agreement | A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019. |
| VOC content | Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants. |
| Emulsion Polymerization | Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product. |
| 2025 National Packaging Targets | In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025. |
| Russian Government’s Import Substitution Policy | The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015. |
| Paper Substrate | Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered. |
| Insulation Material | A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils. |
| Thermal Shock | A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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