Albany, NY -- (SBWIRE) -- 02/12/2020 -- Global Cyanoacrylate Adhesives Market: Overview
Cyanoacrylates, also referred to as super glue, are covered under the famous family of adhesives used for application in industrial, medical, and household sectors. These adhesives usually have a shorter shelf-life. If unopened they can last up to a year, however, if opened they hardly last for more than a month. Cyanoacrylate is the generic name used to connote ethyl-2- Cyanoacrylate and 2- octyl- Cyanoacrylate.
Industrial cyanoacrylates are known as instant adhesives, which provide high strength glue to bond unlike materials such as plastic, rubber, and metal. Furthermore, thermoplastic resins can be obtained from these adhesives at room temperature and at a rapid speed enabling it derive its fixture strength within a few seconds and complete strength within a day. For the purpose of the study, the global cyanoacrylates adhesives market can be segmented based on products into toughened adhesives, general purpose adhesives, low bloom adhesives, flexible adhesives, light cure adhesives, and thermal adhesives.
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The report provides a holistic analysis of the global cyanoacrylates adhesives market covering the various growth drivers and restraints impacting its trajectory. The effect of Porter's five forces is studied to gauge the bargaining power of buyers and suppliers, the prevailing competitive strengths, and challenge posed by the entry of new players and availability of substitutes. To study the vendor landscape, the report profiles some of the leading companies operating in the global cyanoacrylate adhesives market and conducts SWOT analysis on them. It is thus compiled to help readers gain a 360 degree overview of the global market.
Global Cyanoacrylate Adhesives Market: Trends and Opportunities
Cyanoacrylate adhesives are used across diverse applications such as in flying model aircraft, assembling prototype electronics, and retention dressing for nuts and bolts. In addition, these adhesives are used as finishes in wood turners, besides in automotive assemblies. The application of cyanoacrylate is extended across the medical device sector as well, where it is used for bonding needle and syringe.
However, industrial segments to continue being at the fore of the global cyanoacrylate adhesives market, projects the report. For instance, the market will gain from the increased use of plastic in the appliance industry, as these adhesives are used for bonding plastic cabinets, doors, appliances, shelves, and liners. Additionally, the increasing use of reusable plastic in the appliance industry will bolster opportunities for the application of cyanoacrylates adhesives. By using this, the industry can ensure minimal plastic disposal. While factors such as limited technological advancements can hamper the market's trajectory in the near future, it is expected to gain significantly from the growth of various end-use segments.
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Global Cyanoacrylate Adhesives Market: Regional Outlook
Regionally, the global cyanoacrylates adhesives market can be segmented into Europe, Asia Pacific, North America, and Rest of the world. Among these regions, North America is expected to demonstrate lucrative opportunities due to the growth witnessed in the region's rigid bonding and transportation segment. Besides this, the market will also witness robust growth in Asia Pacific due to the rapid expansion of plastic manufacturing industries in China and Japan.
Global Cyanoacrylate Adhesives Market: Vendor Landscape
Some of the most prominent players operating in the global cyanoacrylate adhesives market are ITW Devcon, 3M, Bostik, Henkel, Permabond, Lord Corporation, and Hernon Manufacturing Inc. An analysis into the policies adopted by these companies can present insights into the factors influencing the prevailing demand and supply forces in the market. Besides this, marketing strategies and business policies adopted by the companies to strengthen their hold also have a considerable influence on the overall market operations.