The report "Instant Adhesive Market by Chemistry (Cyanoacrylate, Epoxy-based), Curing Process (Conventional, Light Cured), Application (Industrial, Woodworking, Transportation, Consumer, Medical, Electronics), and Region - Global Forecasts to 2022".
The instant adhesives market is projected to reach USD 2.38 Billion by 2022, at a CAGR 8.75% from 2017 to 2022. Instant adhesives are mostly one-part solvent-free adhesives, which cure at room temperature. They offer excellent bonding strength to most of the substrates such as metal, glass, composites, and wood, among others. These adhesives cure instantly when pressed between two similar or different substrates to form a rigid thermoplastic. The market is largely driven by the increased demand from various applications, such as industrial, woodworking, transportation, consumer, medical, and electronics. The growth of the instant adhesives market can also be attributed to the increased investments by key market players to launch efficient and cost-effective products. High growth in the end-use industries of Asia-Pacific and miniaturization and automation in the electronics industry are fueling the demand for instant adhesives. The instant adhesives market has been segmented based on curing process, chemistry, application, and region.
The demand for instant adhesives has increased in the recent years in the Asia-Pacific region. This increased demand can be attributed to the growing automotive and electronics industry. This, in turn, has contributed to the growth of the market for instant adhesives in the region. The market is highly competitive as innovative products that comply with tough safety standards and improved efficiencies attract customers.
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The Asia-Pacific region is the largest market for instant adhesive in terms of both volume and value. Companies such as Henkel AG & Co. KGaA (Germany), H.B. Fuller (U.S.), Huntsman Corporation (U.S.), 3M Company (U.S.), Bostik SA (France), Toagosei Co., Ltd. (Japan), and Pidilite Industries (India), among others, are the key manufacturers of instant adhesives that have expanded their presence across the Asia-Pacific region and enhanced their production capacities to cater the increased demand for instant adhesive from this region.