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A sticky future of approx. 9% in Global Instant Adhesive Market: Actual Market Research
Jul, 23
2021

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A sticky future of approx. 9% in Global Instant Adhesive Market: Actual Market Research

 

A sticky future of approx. 9% in Global Instant Adhesive Market: Actual Market Research

Instant adhesives are mostly one-part solvent-free adhesives, which cure at room temperature and offer excellent bonding strength to most of the substrates such as metal, glass, composites, and wood, among others. Instant adhesives are majorly used for instant bonding purposes on paper, plastics, rubber, metals, and glass. Instant adhesives find their applications in small repairing, woodworks, assembly applications, coil termination, automation, and electronics, among others. The recent publication of Actual Market Research titled “Global Instant Adhesive Market Outlook, 2026” categorizes the market to forecast the revenues and analyze the trends in segments, based on curing process, chemistry, applications, region, countries, and companies.

In 2015, the global adhesive market was valued at USD 1.46 Billion. Since then, the companies are trying to manufacture a complete line of instant adhesives which is better with faster and more consistent cure times. The manufacturers are now providing greater surface versatility, tougher performance, improved shelf life, and packages that are easier to use and improve dispense accuracy. The growth of the adhesives market is driven by demand from the medical and transportation segments, apart from the electronics and consumer use segment. However, the low durability and high cost of instant adhesives compared to other types of adhesives are restricting the growth of the global instant adhesives market. Through the forecasted period, the market is expected to grow with an anticipated CGAR of 8.95%.

The characteristic of the adhesive depends on the curing process, which is majorly divided into- conventional curing and light-cured process. For conventional instant adhesives, the monomer of overflowed portion at the bonding vaporizes and reacts with moisture in the air, and becomes a polymer. Globally, the segment dominates the market with a share higher than 85% till 2020. Light-curing adhesives support super-quick adhesion of different cell phone components, for bonds between camera housing and bottom shell, glass/plastic plates and upper shell, and between different loudspeaker components. Through the forecasted period, the light-curing process is expected to portray a market growth of 13.08%.

Based on chemistry, the adhesive market can be widely classified as cyanoacrylate adhesive and epoxy-based adhesive. The cyanoacrylates adhesives polymerize within seconds in the presence of a weak base and will bond well to a wide range of substrates. No other adhesives offer a better combination of convenience, ease of use, dependability, and strength. Cyanoacrylate adhesives were introduced in 1958 but were not fully commercialized until the 1970s. Yet, this segment rules the market with a dominating share of over 80% from 2015 to 2020. On the other hand, Epoxy is highly versatile and extremely strong, making it perfect for DIY projects. It is also a gap-filler, which makes it perfect for reconstructions. On top of that, epoxy can be sanded, drilled, and painted. This gives it a much wider range of uses than standard glue. Through the forecasted period, the epoxy-based adhesive is expected to grow with a CAGR of 11.78%.

The market is dominated by the electronics segment which accounts for over 20% of the market share, expected to show a marginal incline in the coming years. Adhesives are also used in the healthcare sector, thus having broad applications in the dentistry, medical and pharmaceutical field. 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. The woodworking segment held the least share in the market, expected to decline further in the forecasted period.

The increasing demand for reusable plastics in the appliance industry for doors, shelves, plastic cabinets, appliances, and liners is expected to drive the growth of the instant adhesives market globally in the future. The Asia-Pacific dominates the instant adhesives market due to the increase in the demand from advancing countries like China & India. The Middle East and Africa markets recorded the highest historic CAGR of 5.45%. The Europe adhesives market is largely led by Germany, France, and the UK, backed with a wide range of applications across different industries. The regional growth is mainly driven by increasing demand from automobiles, medical, engineering, and electronics. Latin America remains the least contributing region through the coming period, while expected to be one of the most potential regions. For instance, H.B.Fuller acquired a Brazilian adhesives and sealant company, Plexbond Quimica SA, to expand its business in the emerging economies of South America.

The top 3 players in the global market are Henkel AG & Company, 3M, and H.B Fuller, who together form 33% of the market. Solutions from Henkel can be found in many objects that are manufactured, which touch lives every day: cars, books and magazines, computers, aircraft, refrigerators, cell phones, furniture, textiles, packaging, and many more. The key players mentioned in this report are 3M, Bostik SA, Delo Industrial Adhesives, H.B Fuller, Henkel AG & Company, Huntsman Corporation, Illinois Tool Works Incorporation, Lord Corporation, Loxeal Engineering Adhesives, Parson Adhesives, Premabond LLC., Pidilite Industries, RPM International Inc, Sika AG, Toagosei Co. Ltd, and many other regional players. Manufacturers are increasingly substituting plastic components in place of metal or glass for ways to design lighter weight, lower cost, and more durable products, due to the nature of plastics, that are highly corrosion-resistant and do not require surface treatment to withstand exposure to corrosive materials.