Global Instant Adhesive Market Overview, 2022-27

Global Instant Adhesive Market Overview, 2022-27

Epoxy-based instant adhesives have applications in the industrial, transportation, woodworking, and medical industries. It is projected that demand for epoxy-based instant adhesives would be high in the forecast period at a CAGR of 11.95%, though cyanoacrylate would be more widely used. For the industrial application segment, these are used in the automotive, transportation, and packaging industries. In transportation, it is used to bond and seal different materials. The use of this adhesive has been growing steadily due to the advantages it offers, such as high strength, long-lasting, fast curing, and many more factors that make it an ideal choice for various applications related to transportation. It is used in woodworking as a jointing material for furniture and other wooden structures. The epoxy-based instant adhesive is used in medical applications to bond and seal components of a variety of surgical implants. These adhesives are resistant to water and gas transmission, which makes them suitable for use in the sterile field during surgery. The major factors driving the growth of epoxy-based instant adhesives are increasing demand for quick and easy application; the growing prevalence of end-use industries such as transportation and engineering; and development in technology used in the production process. They are widely used adhesive solutions for various industrial and household purposes because of the numerous properties that epoxy resin possesses. It’s not just about providing strength, chemical resistance, or other mechanical characteristics to different objects but also provides a high adhesion level with good insulation properties, which makes it useful in several applications such as glass fibre lamination, metal bonding & sealing, potting electrical components, etc.

According to the research report, Global Instant Adhesive Market Overview 2027, published by Bonafide Research, the market is expected to grow at a CAGR of 9.10% during the period 2022–2027. Future market opportunities lie in increasing demand for lubricants that are corrosion resistant, non-flammable, and nontoxic. Significant investments in research and development activities by major players and the launch of efficient and cost-effective instant adhesives will further accelerate market growth in the forecast period. The rise in end-use industries, as well as rapid adhesive features including fast curing and high bonding strength, increase the product demand within the forecasted period. The increasing applications for automation are fuelling the demand for instant-fixing adhesives, which will further propel the growth rate of the instant adhesives market. Furthermore, rising demand in developing countries will drive market value growth.

In the electronics manufacturing sector, instant adhesives are used on magnetic heads, CD/DVD players' buttons, gaskets in vacuum cleaners, and washing machines' rubber vibration isolators for superior bonding. Moreover, expanding applications for automation are expected to propel the global instant adhesive market in the years ahead. In addition, advancements in green adhesive technology and rising demand in developing nations are anticipated to create growth prospects in the global instant adhesive market during the forecast period.

On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The Asia-Pacific instant adhesive market is projected to expand due to the region's highly developed electronics and automation industries and continuing expenditures made in the region to improve the automobile industry over the years. Furthermore, instant adhesives are employed to attach diverse components in electronics owing to their qualities. Instant adhesives can endure temperatures up to 120 °C and have a strong bonding strength, chemical resistance, and electrical insulation capacity. These factors are projected to increase its adoption in end-use industries. Moreover, instant adhesives are used in woodworking, lighting fixtures, medical equipment, toys, cosmetic packages, motors, compressors, generators, filters, and domestic appliances. Growing usage in medical devices and the expanding use of electronic and automation components are projected to boost the instant adhesive market over the forecast period.

The instant adhesive market in Europe is anticipated to witness significant growth, owing to the presence of some of the region's top manufacturers and vendors. Due to the booming automotive industry in the region, North America is expected to contribute significantly to the instant adhesive market. The instant adhesive market in Latin America, the Middle East, and Africa is projected to expand, owing to economic development and applications in the medical, electronics, and transportation sectors. The future market growth can be attributed to increasing demand for adhesives from end-use industries such as electronics, transportation, woodworking, and medical. The increasing number of R&D activities in the market is resulting in reduced prices of raw material components like resins and hardeners. Stringent government regulations on VOC (volatile organic compounds) content in products.

Companies present in the market: 3M, Bostik SA, Delo Industrial Adhesive, H.B Fuller, Henkel AG & Company, Huntsman Corporation, Illiniois Tool Works Incorporation, Lord Corporation, Loxeal Engineering Adhesive, Parson Adhesives, Permabond LLC., Pidilite Industries, RPM International Inc, Sika AG, Toagosei Co. Ltd.

Considered in this report
• Geography: Global
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Global Instant Adhesive market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions covered in the report
• North America
• Europe
• Asia-pacific
• South America
• Middle East & Africa

By Curing Process in the report
• Conventional
• Light-cured

By Chemistry in the report
• Cyanoacrylate
• Epoxy-based

By Application in the report
• Industrial
• Woodworking
• Transportation
• Consumer
• Electronics
• Others( Medical And Others)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Instant Adhesive industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.