Asia-Pacific Cyanoacrylate Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Product Type (Alkoxy Ethyl-based, Ethyl Ester-based, Methyl Ester-based, and Other Product Types), End-user Industry (Transportation, Footwear & Leather, Furniture, Consumer Goods, Healthcare, Electronics, and Other End-user Industries), and Geography (China, India, Japan, South Korea, ASEAN Countries, and Rest of Asia-Pacific).

Market Snapshot

Asia-Pacific Cyanoacrylate Market - Market Summary
Study Period:

2016 - 2026

Base Year:

2020

CAGR:

>7 %

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Market Overview

The Asia-Pacific cyanoacrylate adhesives is expected to grow at with a CAGR greater than 7% during the forecast period. One of the major factors driving the market is the growing demand from the electronics and furniture industries. However, volatility in the raw material prices is hindering the growth of the market studied.

  • Increasing use of reusable plastic in the consumer goods industry is expected to provide a major growth opportunity for the market studied.
  • China accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
  • Among the end-user industries, healthcare industry is expected to witness the highest growth rate during the forecast period.

Scope of the report

The Asia-Pacific cyanoacrylate adhesives market report includes:

Product Type
Alkoxy Ethyl-based
Ethyl Ester-based
Methyl Ester-based
Other Product Types
End-user Industry
Transportation
Footwear & Leather
Furniture
Consumer Goods
Healthcare
Electronics
Other End-user Industries
Geography
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific

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Key Market Trends

Healthcare Industry to Witness the Highest Growth Rate

  •  The number of surgeries performed in the Asia-Pacific region witnessed a significant growth in the past few years. Sutures, staples, and metallic grafts are an integral part of the surgery, and also the highest standard possible at present for wound closure.
  • However, the pain and discomfort caused by these invasive techniques have led to an urgent need for the development of tissue adhesives for surgical settings.
  • The ester form of cyanoacrylate, N-butyl-2-cyanoacrylate, is one of the adhesive components that have been widely used as a tissue adhesive in medical and veterinary applications for surgical wound closure and to close the wounds from cat declawing, etc.
  • Cyanoacrylate adhesives even acquired the gold standard status in medical adhesives, which helped these adhesives to retain good market share in the medical adhesives market.
  • Technological advancements in improving non-toxicity are driving the demand for cyanoacrylate adhesives market.
  • Hence, owing to the above-mentioned reasons, healthcare industry is likely to witness the highest growth rate during the forecast period.
Asia-Pacific Cyanoacrylate Adhesives Market - Revenue Share

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China is Expected to Dominate the Market

  • China accounts for the major share of the Asia-Pacific cyanoacrylate market owing to the high demand from end-user industries like transportation, electronics, and footwear & leather.
  • China is the largest automotive manufacturer across the globe. The high automotive production results in high demand for cyanoacrylate adhesives in the country. However, the declination of automotive production in the country in the recent years is expected to negatively effect the market studied during the forecast period.
  • The electronics production in the country has witnessed a significant rise in the recent past which is a major driving factor for the market studied.
  • Hence, owing to the above-mentioned factors, China is likely to dominate the market studied during the forecast period.
  • The COVID-19 has presented a problematic situation for cyanoacrylate adhesives in the country. However, the condition is better now, which concreted the probability of market recovery over the forecast period.
Asia-Pacific Cyanoacrylate Adhesives Market - Revenue Share

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Competitive Landscape

The Asia-Pacific Cyanoacrylate adhesive market is moderately fragmented as the market of the market share is divided among a large number of players. Some of the key players in the market include 3M, Henkel AG & Co. KGaA, H.B. Fuller Company, Arkema Group, and Franklin Adhesives & Polymers, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the Electronics and Furniture Industries

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Alkoxy Ethyl-based

      2. 5.1.2 Ethyl Ester-based

      3. 5.1.3 Methyl Ester-based

      4. 5.1.4 Other Product Types

    2. 5.2 End-user Industry

      1. 5.2.1 Transportation

      2. 5.2.2 Footwear & Leather

      3. 5.2.3 Furniture

      4. 5.2.4 Consumer Goods

      5. 5.2.5 Healthcare

      6. 5.2.6 Electronics

      7. 5.2.7 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 China

      2. 5.3.2 India

      3. 5.3.3 Japan

      4. 5.3.4 South Korea

      5. 5.3.5 ASEAN Countries

      6. 5.3.6 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Arkema Group (Bostik SA)

      3. 6.4.3 Benson Polymers Limited.

      4. 6.4.4 Dow

      5. 6.4.5 Franklin Adhesives & Polymers

      6. 6.4.6 H.B. Fuller Company

      7. 6.4.7 Henkel AG & Co. KGaA

      8. 6.4.8 Jowat SE

      9. 6.4.9 Permabond LLC

      10. 6.4.10 Pidilite Industries Ltd

      11. 6.4.11 tesa SE

      12. 6.4.12 TONG SHEN ENTERPRISE CO., LTD.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Use of Reusable Plastic in the Consumer Goods Industry

**Subject to Availability

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Frequently Asked Questions

The Asia-Pacific Cyanoacrylate Adhesives Market market is studied from 2016 - 2026.

The Asia-Pacific Cyanoacrylate Adhesives Market is growing at a CAGR of >7% over the next 5 years.

  • 3M
  • Henkel AG & Co. KGaA
  • H.B. Fuller Company
  • Arkema Group
  • Franklin Adhesives & Polymers

Are the major companies operating in Asia-Pacific Cyanoacrylate Adhesives Market.

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