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From DIY to Construction Industry- Extensive use to allow nearly 9% CAGR in Instant Adhesive Market: Actual Market Research
Jul, 23
2021

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From DIY to Construction Industry- Extensive use to allow nearly 9% CAGR in Instant Adhesive Market: Actual Market Research

 

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From DIY to Construction Industry- Extensive use to allow nearly 9% CAGR in Instant Adhesive Market: Actual Market Research

The discovery of adhesives can be dated somewhere back to nearly 330 years, Egyptians being the pioneer. Since then, constant efforts are been undertaken across the world towards the purpose of obtaining a cost-effective high-quality adhesive. The word ‘adhesive’ can be used to define a substance that tends to adhere or stick to other substances. This age-old invention accounted for USD 1.46 Billion in the year 2015, owing to its varied uses from a school desk for DIY to a construction site as a bonding layer in floor fixing. 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, application, region, country & major companies. The report states the fact that the instant adhesive market is expected to grow over a growth rate of 8.95% CAGR in the coming period.

The aerospace field was the first sector that promoted the use of adhesives in the aircraft manufacturing process; hence, the growth of the aircraft and aerospace industries has influenced adhesive technology to a great extent. In addition to curing quickly, instant adhesives strongly bond to almost any adherent, and not needing to worry about materials used is a distinct advantage. This has led to their adoption in a wide variety of fields, such as general housing, industry, and medical uses. Globally, based on the curing process, the conventional process dominates with an approx. of over 85% market share in 2020. Properties such as high yield and eco-friendly nature have helped light-cured instant adhesives gain a significant market share in the adhesives industry. The light-cured adhesive curing process is to grow with a forecasted growth rate of 13.08%. Adhesives are also used in the healthcare sector, thus having broad applications in the dentistry, medical and pharmaceutical field. Various modern adhesives are used in medicine and dentistry, indirect physiological interactive modes or to assemble thousands of medical devices. In the pharmaceutical field, the use of adhesives aims to design modern pharmaceutical systems, in order to optimize drug release rate, as well as targeted drug delivery.

Apart from this, the major industries where adhesives play an important role are Construction, consumer adhesive, packaging, tapes, transportation, electronics, automobiles, woodworks, etc. With high curing force and extensive use, the cyanoacrylate adhesive segment accounted for a market of USD 1.22 Billion in 2015, leading the market. Moreover, the increasing demand for improving adhesion to many substrates is expected to drive market growth during the forecast period. The demand for epoxy-based instant adhesives is increasing owing to their high cohesive strength and toughness as well as very good heat and environmental resistance properties. They have excellent depth of cure and can fill large gaps, aiding the market to grow with an anticipated CAGR of over 11%.

The Asia Pacific has emerged as the leading producer as well as consumer of adhesives due to the increasing domestic demand, rising income levels, and easy access to resources. The regions of Europe and North America are strictly regulated by environmental laws regarding the production of chemical and petro-based products, with dedicated agencies like the Epoxy Resin Committee and the European Commission governing the manufacturing of solvent-based products. This is affecting the production capacities of manufacturers in the regions. However, stringent environmental regulations are compelling the manufacturers to focus on producing eco-friendly adhesives. The growing population and urbanization are driving the residential construction segment in developing countries such as China, India, Indonesia, Vietnam, Brazil, and Mexico. There is an increasing demand for permanent houses in these countries, which, in turn, is driving the demand for adhesives.

Adhesives have been used in industry for decades; however, the environmental influence of adhesives has not been investigated up until recently. Nowadays, the focus is not only on the production of high-quality adhesives using modern technologies such as nanotechnology but also on the production of eco-friendly adhesives, named ‘green’ adhesives, for all domains of applicability.