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global cyanoacrylate adhesives market
- 4100.00 Dollar US$
- Published date: July 2, 2021
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- Pune, Naroli, Dadra and Nagar Haveli, India [ #42486 Ad Views - 39 ]
The global cyanoacrylate adhesives market was documented US$ X.23 Bn and is expected to reach US$ XX Bn by 2027, at a CAGR of 8.2% during a forecast period.
Global Cyanoacrylate Adhesives Market
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global cyanoacrylate adhesives market Product Definition:
Cyanoacrylate adhesives are often termed as super glues. These adhesives are solvent-free, one-part acrylate adhesives that cure instantaneously on contact with mated surfaces through a reaction with surface moisture. Cyanoacrylate is the generic name for ethyl–2-cyanoacrylate and 2-octyl-cyanoacrylate or n-butyl cyanoacrylate. These adhesives are preferred for industries where transparency and stability are the primary needs.
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
Growth Elements:
Development and significant growth in the automobile manufacturing industries will cover the market growth during the forecast period. The demand for cyanoacrylate adhesives has increased significantly because of its growing application in different areas. Utilization in architectural bonding, plastic bonding, automotive assembly, shower doors, handles & cabinets, manufacturing of shelves; thus, the demand for cyanoacrylate adhesives is mainly driven by extensive & flexible industrial and household uses. Cyanoacrylate adhesives product must differentiate properties over other different types of adhesives like provides high stability and fast curing. Major acceptance by furniture manufacturing industries is seen, also used in the manufacturing of electrical and electronics products is boosting the market growth. Furthermore, improved performance and a rise in demand for dense electronic products, and high demand in flexible packaging applications will drive the growth of the cyanoacrylate adhesives market. Polyurethane and silicone based sealants together account for more than 50 % of total sealants demand.
However, stringent environmental regulation for product use estimated to hamper the market demand in the coming years.
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