The instant
adhesives market is projected to reach USD 2.38 billion by 2022, at a CAGR of 8.75% between 2017 and 2022.
Instant adhesives are used in various applications, such as industrial,
woodworking, transportation, consumer, medical, and electronics. They offer
excellent bonding strength to most of the substrates, such as metal, glass,
composites, and wood, to name a few. These adhesives cure instantly when
pressed between two similar or different substrates to form a rigid
thermoplastic. They have properties such as quick curing, ease of use, and
versatility.
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The growth of the Asia-Pacific instant adhesives market
during the forecast period can be attributed to the increased demand for
instant adhesives from the emerging economies, such as India, China, South
Korea, Vietnam, and Singapore, among others, of the Asia-Pacific region.
The instant adhesives industry in China is growing rapidly,
in terms of instant adhesive production and converters activities, owing to low
labor costs in the country.
In addition, the demand for instant adhesives for use in various applications such as such as industrial, transportation, consumer,
electronics, and others has increased in the Asia-Pacific region over the
past few years, and this trend is
expected to continue till 2022. These factors are expected to contribute
towards the growth of the Asia-Pacific instant adhesives market during the
forecast period, 2017 to 2022.
China is leading the Asia-Pacific instant adhesives market.
The growth of the China instant adhesives market is due to cheap labor, easy
availability of raw material, lower taxes, and less stringent environment
regulations for manufacturing instant adhesives.
Among curing processes, the light-cured instant adhesives segment is projected to grow at the
highest CAGR during the forecast period. Their excellent properties such as
high yield and eco-friendly nature have helped them gain a significant market
share in the adhesives industry. The UV systems for adhesives are cheaper to
install than electron beam (EB) systems.
Among chemistry types, the epoxy-based instant adhesives segment
is projected to grow at the highest CAGR during the forecast period, 2017 to
2022. 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.
Among applications, the
medical segment of the instant adhesives market is projected to grow at the
highest CAGR during the forecast period. Cyanoacrylate adhesives are projected
to find greater use in external tissue bonding applications, particularly in
medical emergency and medical devices. Aging population and advancements in
medical procedures will continue to fuel the use of instant adhesives in
medical devices, including IV delivery systems, catheters, syringes, hearing
aids, silicone rubber components, and others.
The North American region is considered to be the most active
region, in terms of strategic initiatives in the instant adhesives market.
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