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.
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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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