Breaking Down the Growth of Cyanoacrylate Adhesives Across Key Sectors

[Animesh Rao]

The cyanoacrylate adhesives (CA) market is projected to grow from USD 2.22 billion in 2024 to USD 2.56 billion by 2029, at a CAGR of 2.9% between 2024 and 2029. The market study includes information on market factors such as the cyanoacrylate adhesives market dynamics, drivers, restraints, challenges, threats, potential growth opportunities, market trends, development patterns, financial information, latest technologies, innovations, leading competitors, and regional analysis of the market.

Cyanoacrylate adhesives play a vital role in various industries, driving market growth through their diverse applications. The use of cyanoacrylate adhesives in industrial, woodworking, transportation, and medical applications has improve the performance of products with its remarkable characteristics, such as, strong bonding, rapid curing, and high shear strength. Cyanoacrylate adhesives provide cost saving and quick adhesion solutions for diverse industries including automotive, aerospace, medical and others to address the challenges in bonding and repair applications. Cyanoacrylate adhesives include ethyl cyanoacrylate, methyl cyanoacrylate, butyl cyanoacrylate and allyl cyanoacrylates.

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Cyanoacrylate Adhesives Companies

In addition, the exceptional properties of cyanoacrylate adhesives drives the market demand in medical devices and surgical applications. These adhesives are extensively used in surgical procedures and in assembly processes of medical equipements. Cyanoacrylate adhesive market expansion in medical sector is being driven by the growing demand of rapid curing time and strong fast-bonding adhesives.

The major players operating in this business are Henkel AG & Co. KGaA (Germany), 3M (US), Sika AG (Switzerland), Huntsman International LLC (US), Arkema (France), Toagosei Co., Ltd (Japan), Illinois Tool Works Inc. (US), and Pidilite Industries Limited (India).

Henkel AG & Co. KGaA: Henkel AG & Co. KGaA, a parent company of Henkel Group, is a leading market player in both industrial and consumer sectors, supported by its strong brands and pioneering technologies, including Persil, Schwarzkopf, and Loctite. The company was established in 1876 with a headquarter in Düsseldorf, Germany.

Henkel AG & Co. KGaA has strong product portfolio that includes renowned hair care products, laundry detergents, fabric softeners, as well as adhesives, sealants, and functional coatings. The company operates globally under two primary business segments: Adhesive Technologies and Consumer Brands. The adhesive technologies business segment of the company is a global leader in adhesives including cyanoacrylates, sealants, and functional coatings, catering both industrial clients and consumers.

The company has wide global presence with a 161 manufacturing sites in 55 countries worldwide. The largest production facilities of the company are situated in Bowling Green, Kentucky, USA, and in Düsseldorf, Germany.

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In February 2024, the company has launched two new advanced products of cyanoacrylate adhesives developed for medical device applications to enhance safety and performance. These medical grade products namely Loctite 4011S and Loctite 4061S offer strong bonding on plastics, rubber, and metals.

H.B. Fuller Company: H.B. Fuller Company, established in 1887, is a global leader in the formulation, manufacturing, and marketing of adhesives and specialty chemical products. The company conducts its operations in three reportable segments: Hygiene, Health and Consumable Adhesives, Engineering Adhesives and Construction Adhesives. The company primarily offers wide range of cyanoacrylate adhesives to enhance the performance of various consumer and industrial goods, including food and beverage containers, medical products, automotive components, and electronics. It also provides sealing and waterproofing solutions for infrastructure, pressure-sensitive adhesives for roofing, and grouts and mortars for flooring applications to meet the market demand.

With a headquarter in Minnesota, US, H.B. Fuller Company has built strong global presence with operation facilities in 35 countries across North America, Europe, Latin America, Asia Pacific, India, the Middle East & Africa.

In May 2024, the company has acquired a US based ND Industries Inc., a provider of specialty adhesives and fastener locking and sealing solutions. H.B. Fuller Company has took over the Vibra-Tite products of ND Industries Inc. into its existing portfolio, which includes epoxy, cyanoacrylate, UV curable, and anaerobic adhesives. The main objective of this acquisition is to expand the product offering and market reach of the company within the functional coatings, adhesives, sealants, and elastomers sector.

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Ethyl cyanoacrylate by chemistry segment dominate the market by highest share of the cyanoacrylate adhesives market during the forecasted period.

Ethyl cyanoacrylates are dominating because of their balanced mechanical qualities andextensive availability. Because of its rapid curing time, excellent bonding capabilities, and versatility, it can be adhere on range of substrates, including plastics, metals, and ceramics. Additionally, continuous advancements in adhesive technology have improved the formulation of ethyl cyanoacrylate, enhancing properties such as environmental resistance and curing speed.

With ongoing technological advancements and innovations in cyanoacrylate adhesives, coupled with expanding applications in emerging industries, the segment is expected to experience robust growth in the forecast period.

Asia Pacific region is likely to be the fastest growing cyanoacrylate adhesives market during the forecast period.

Rapid industrialization and urbanization in the Asia Pacific region are driving demand across various sectors including industrial, automotive, electronics, and medical industry. With expanding manufacturing bases in countries like China, Japan, and India there's a rising need for cyanoacrylate adhesives for various applications. Moreover, ongoing advancement in manufacturing technologies and materials, particularly in China and Japan, are boosting demand in diverse industrial sectors for strong and rapid curable adhesive solutions. Advancements in cyanoacrylate adhesives tailored to wide range of industrial application needs are poised to further stimulate market growth in the region.