Market Overview
| Study Period | 2017 - 2028 |
|---|---|
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2028 |
| Market Size (2024) | USD 1.19 Billion |
| Market Size (2028) | USD 1.48 Billion |
| Growth Rate (2024 - 2028) | 5.57% CAGR |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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Asia-Pacific Cyanoacrylate Adhesives Market Analysis by Mordor Intelligence
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).
The cyanoacrylate adhesives industry in Asia-Pacific is experiencing significant transformation driven by technological advancements in adhesive formulations and application methods. Manufacturers are increasingly focusing on developing products with enhanced bonding capabilities across diverse substrates, including metals, plastics, ceramics, and elastomers. The advancement in adhesive technology has enabled faster curing times, with bonds strengthening within 10 minutes and achieving full solidification within 24 hours. These innovations are particularly evident in the automotive sector, where manufacturers are utilizing cyanoacrylate adhesives with tensile strengths ranging from 16 to 26 N/mm2 for steel substrates, enabling the production of lighter vehicles without compromising structural integrity.
The healthcare and medical devices sector is emerging as a crucial growth driver for cyanoacrylate adhesives, with significant developments in surgical adhesives and medical applications. The increasing healthcare expenditure across the region, with India projected to reach USD 372 per capita, is fostering innovation in medical-grade adhesives. These advanced formulations are finding extensive applications in tissue adhesion, medical device assembly, and surgical adhesives procedures, offering advantages over traditional suturing methods. The medical device market in Indonesia alone is expected to reach USD 2.83 billion by 2027, indicating substantial growth opportunities for specialized adhesive solutions.
The manufacturing landscape is witnessing a notable shift towards sustainable and environmentally conscious production methods. Companies are investing in research and development to create adhesive formulations with lower volatile organic compound (VOC) emissions while maintaining high-performance standards. This trend is particularly evident in Japan's automotive sector, where electric vehicles are projected to account for 55% of the total automotive market by 2030, driving demand for specialized industrial adhesives suitable for electric vehicle assembly and battery manufacturing.
The furniture and woodworking industry represents another significant application area, with manufacturers leveraging cyanoacrylate adhesives for their fast-curing properties and strong bonding capabilities. China's position as a global furniture manufacturing hub is exemplified by its furniture exports reaching USD 69 billion in 2022, demonstrating the robust demand for high-performance adhesives in furniture assembly and woodworking applications. The industry is witnessing increased adoption of precision application technologies and automated assembly processes, enabling manufacturers to achieve higher productivity and consistent bonding quality across large-scale production operations.
Asia-Pacific Cyanoacrylate Adhesives Market Trends and Insights
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
Segment Analysis: End User Industry
Healthcare Segment in Asia-Pacific Cyanoacrylate Adhesives Market
The healthcare segment has emerged as a dominant force in the Asia-Pacific cyanoacrylate adhesives market, commanding approximately 22% market share in 2024. This significant market position is driven by the increasing adoption of medical cyanoacrylate adhesives in medical device manufacturing and surgical applications. The segment's growth is particularly notable in major economies like China, Japan, and India, where healthcare infrastructure expansion and rising healthcare expenditure have boosted demand. Cyanoacrylate adhesives are extensively used in medical device assembly, tissue bonding, and wound closure applications, offering advantages such as quick curing times and strong bonding properties. The segment's prominence is further reinforced by the growing trend toward minimally invasive surgical procedures and the increasing use of disposable medical devices across the region.
Aerospace Segment in Asia-Pacific Cyanoacrylate Adhesives Market
The aerospace segment is demonstrating remarkable growth potential in the Asia-Pacific cyanoacrylate adhesives market. The segment's expansion is driven by increasing aircraft production and maintenance activities across the region, particularly in countries like China, Japan, and India. The demand is further fueled by the growing adoption of lightweight materials in aircraft manufacturing, where ethyl cyanoacrylate adhesives play a crucial role in bonding different substrates. These adhesives are preferred in aerospace applications due to their ability to create strong bonds with minimal weight addition, resistance to extreme temperatures, and excellent gap-filling properties. The segment is also benefiting from the rising investments in regional aerospace manufacturing capabilities and the increasing focus on electric and hybrid aircraft development.
Remaining Segments in End User Industry
The other significant segments in the market include automotive, woodworking and joinery, building and construction, and footwear and leather industries. The automotive sector maintains a strong presence due to the increasing use of adhesives in vehicle assembly and component bonding applications. The woodworking and joinery segment benefits from the growing furniture industry and increasing demand for wooden products across the region. The building and construction segment's demand is driven by infrastructure development and renovation activities, while the footwear and leather segment continues to grow due to the region's strong position in global footwear manufacturing. Each of these segments contributes uniquely to the market's dynamics, influenced by factors such as technological advancements, changing consumer preferences, and industrial development across the Asia-Pacific region.
Segment Analysis: Technology
Reactive Segment in Asia-Pacific Cyanoacrylate Adhesives Market
The reactive technology segment dominates the Asia-Pacific cyanoacrylate adhesives market, holding approximately 86% market share in 2024. Reactive cyanoacrylate adhesives, including methyl cyanoacrylate, are widely preferred across multiple industries due to their superior bonding capabilities with various substrates, including glass, plastic, metal, and other materials. These adhesives react with moisture to form bonds in environments with an optimum relative humidity of 40-60%, making them particularly suitable for industrial applications. The segment's dominance is largely attributed to its extensive use in automotive applications such as sunroof sealing, body side moldings, wire harnesses, and hand brake covers, where they demonstrate exceptional tensile strength of up to 30 N/mm2. Additionally, the growing demand from electronics, marine, DIY, and medical industries further strengthens the reactive segment's market position.
UV Cured Segment in Asia-Pacific Cyanoacrylate Adhesives Market
The UV cured technology segment is experiencing rapid growth in the Asia-Pacific cyanoacrylate adhesives market, with an expected growth rate of approximately 8% during 2024-2029. These adhesives are gaining significant traction due to their unique curing properties, activated only when exposed to UV light of 300 to 400 nm wavelength. UV cured cyanoacrylate adhesives are particularly popular in the healthcare industry for applications in load-bearing medical equipment, surgical instruments, and disposable medical devices. The segment's growth is further driven by their environmental benefits, as they are 100% reactive with no volatile losses during curing, making them a non-polluting alternative. The versatility of UV cured adhesives, available in viscosity ranges from 600 to 1,200 cP, makes them increasingly attractive for precision applications in medical device manufacturing and electronics assembly.
Asia-Pacific Cyanoacrylate Adhesives Market Geography Segment Analysis
Cyanoacrylate Adhesives Market in China
China dominates the Asia-Pacific cyanoacrylate adhesives market, commanding approximately 55% of the total market value in 2024. The country's market leadership is primarily driven by its robust automotive sector, particularly in electric vehicle manufacturing, where cyanoacrylate adhesives are extensively used for various bonding applications. The country's strategic focus on lightweight vehicle manufacturing and the increasing adoption of advanced assembly techniques have significantly boosted the demand for these industrial adhesives. Chinese manufacturers are increasingly incorporating cyanoacrylate adhesives in critical applications such as sunroof sealing, body side moldings, and wire harness assemblies, owing to their superior bonding strength and rapid curing properties. The market is further strengthened by the presence of numerous domestic manufacturers and a well-established distribution network. Additionally, the growing emphasis on sustainable manufacturing practices and the shift towards electric vehicles have created new opportunities for innovative adhesive solutions in the Chinese market.
Cyanoacrylate Adhesives Market in Indonesia
Indonesia represents one of the most dynamic markets for cyanoacrylate adhesives in the Asia-Pacific region, with a projected growth rate of approximately 7% from 2024 to 2029. The country's market is experiencing rapid expansion driven by its growing industrial base and increasing adoption of advanced manufacturing technologies. Indonesia's strategic position in the global supply chain and its emerging status as a manufacturing hub have attracted significant investments in various end-use industries. The country's woodworking and furniture manufacturing sectors are particularly strong drivers of cyanoacrylate adhesive consumption, supported by the nation's rich timber resources and export-oriented furniture industry. The healthcare sector in Indonesia is also emerging as a significant consumer of medical cyanoacrylate adhesives, driven by the modernization of healthcare facilities and increasing adoption of advanced medical devices. The market is further supported by the government's initiatives to promote industrial growth and manufacturing excellence.
Cyanoacrylate Adhesives Market in Japan
Japan's cyanoacrylate adhesives market is characterized by its high-tech manufacturing sector and stringent quality requirements. The country's market is driven by its advanced automotive and electronics industries, where precision bonding solutions are essential. Japanese manufacturers are particularly focused on developing innovative adhesive solutions that meet the specific requirements of electric and hybrid vehicle production. The market is also influenced by Japan's aging infrastructure, which has created significant opportunities in the construction and maintenance sectors. The country's emphasis on research and development has led to the introduction of advanced structural adhesives with enhanced properties such as improved heat resistance and flexibility. Additionally, Japan's strong focus on quality control and environmental regulations has encouraged the development of eco-friendly adhesive solutions, setting new standards for the industry.
Cyanoacrylate Adhesives Market in India
India's cyanoacrylate adhesives market is experiencing robust growth, driven by rapid industrialization and increasing domestic manufacturing activities. The country's diverse industrial base, ranging from automotive to healthcare sectors, provides multiple growth avenues for cyanoacrylate adhesives. The implementation of various government initiatives promoting domestic manufacturing has created new opportunities for adhesive manufacturers. India's growing automotive sector, particularly in electric vehicle manufacturing, has emerged as a key consumer of high-performance adhesives. The country's healthcare sector is also witnessing increased adoption of medical-grade cyanoacrylate adhesives in various surgical and medical device applications. The market is further supported by the growing furniture and woodworking industry, which requires reliable bonding solutions for various applications.
Cyanoacrylate Adhesives Market in Other Countries
The cyanoacrylate adhesives market in other Asia-Pacific countries, including Malaysia, Singapore, Thailand, and South Korea, exhibits diverse growth patterns influenced by their respective industrial strengths. Malaysia's market is driven by its growing electronics manufacturing sector, while Singapore's demand is primarily fueled by its advanced medical device manufacturing industry. Thailand's market benefits from its strong automotive and electronics manufacturing base, and South Korea's market is supported by its high-tech industrial sector. These countries are witnessing increasing adoption of professional super glue across various applications, from consumer electronics to medical devices. The markets in these countries are characterized by growing awareness of advanced bonding technologies and increasing demand for high-performance adhesive solutions. The presence of both domestic and international manufacturers has created a competitive environment, leading to continuous product innovations and improvements in these markets.
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Competitive Landscape
Top Companies in Asia-Pacific Cyanoacrylate Adhesives Market
The leading companies in the market are focusing on continuous product innovation through significant R&D investments, particularly in developing sustainable and high-performance cyanoacrylate adhesives solutions. Operational agility has become crucial as manufacturers expand their production capabilities and distribution networks across key growth markets like China, India, and Southeast Asia. Companies are increasingly pursuing strategic partnerships and collaborations with raw material suppliers and end-user industries to strengthen their market position. Many players are also emphasizing technological advancement through the development of hybrid cyanoacrylate adhesives technologies that combine cyanoacrylate with other resins to enhance product performance. Geographic expansion through new manufacturing facilities and R&D centers, especially in emerging economies, remains a key growth strategy for major market participants.
Market Dominated by Global Chemical Conglomerates
The Asia-Pacific cyanoacrylate adhesives market structure is partially consolidated, with major global chemical conglomerates holding significant market share through their established brands and extensive distribution networks. These multinational companies leverage their technological expertise, research capabilities, and strong financial resources to maintain their competitive advantage. Local players, particularly in China and India, are gradually gaining ground by focusing on specific application segments and regional markets where they have strong customer relationships and an understanding of local requirements.
The market has witnessed several strategic acquisitions and partnerships aimed at expanding product portfolios and geographical presence. Major companies are acquiring regional players to strengthen their distribution networks and manufacturing capabilities in high-growth markets. Joint ventures between international and local companies have become increasingly common, combining global expertise with local market knowledge. The industry also sees collaboration between adhesive manufacturers and end-user industries, particularly in the automotive and electronics sectors, to develop customized solutions.
Innovation and Sustainability Drive Future Success
For incumbent companies to maintain and increase their market share, focusing on sustainable product development and technological innovation will be crucial. Companies need to invest in developing eco-friendly formulations while maintaining high-performance standards to meet evolving regulatory requirements and customer preferences. Building strong relationships with key end-user industries through technical support and customized solutions will be essential. Establishing robust supply chain networks and maintaining price competitiveness while ensuring product quality will also be critical success factors.
New entrants and smaller players can gain ground by focusing on niche applications and specific regional markets where they can build strong customer relationships. Developing specialized products for emerging applications in electronics, medical devices, and automotive sectors presents significant opportunities. Companies need to consider potential regulatory changes regarding VOC emissions and safety standards, particularly in developed markets. Building technical expertise and offering value-added services will be crucial for differentiation in a market where product substitution risks exist from other industrial adhesives technologies. Success will also depend on establishing efficient distribution networks and maintaining consistent product quality while offering competitive pricing.
Asia-Pacific Cyanoacrylate Adhesives Industry Leaders
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3M
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Aica Kogyo Co..Ltd.
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H.B. Fuller Company
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Henkel AG & Co. KGaA
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Pidilite Industries Ltd.
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- 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.
Asia-Pacific Cyanoacrylate Adhesives Market Report Scope
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.
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 |
| 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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