Cyanoacrylate Adhesives Market Size, Share & Trends Analysis Report By Technology, (Reactive, UV Cured Adhesives), By End Use (Aerospace, Automotive, Healthcare), By Region, And Segment Forecasts, 2024 - 2030

Cyanoacrylate Adhesives Market Trends

The global cyanoacrylate adhesives market size was valued at USD 27.67 billion in 2023 and is expected to grow at a CAGR of 5.5% from 2024 to 2030. Cyanoacrylate adhesives are extensively used in the automotive industry due to their ability to bond surfaces like glass, metal, plastic, and painted surfaces. They are used for assembling body interiors and engine components, including battery assembly in electric vehicles.The worldwide introduction of electric vehicles has significantly contributed to the overall revenue of the global automotive market. This is due to their lower energy costs, environmentally friendly nature, and efficient mobility features. Various government policies and standards also act as driving factors in increasing EV production. For example, the EU standards for CO2 emissions have increased the demand for electric vehicles in 2023.

The key focus in the cyanoacrylate adhesives market is on extensive product development and innovation. Dominant market players are vigorously involved in research and development activities to introduce advanced formulations and elevate the performance of these adhesives. There is a distinct emphasis on creating low-odor and low-blooming formulations to tackle concerns regarding the potent smell and white residue associated with traditional cyanoacrylate adhesives.

Manufacturers are steadfastly working on producing product with enhanced flexibility, impact resistance, and superior resistance to harsh environmental conditions. These advancements are poised to significantly broaden the application range of cyanoacrylate adhesives in the automotive, aerospace, and construction industries. 

End Use Insights

The healthcare segment dominated the market with a revenue share of 29.51% in 2023 owing to a prominent trend in the cyanoacrylate adhesives market is the increasing application in the medical and healthcare sector. Cyanoacrylate adhesives are now widely used as medical or tissue adhesives due to their biocompatible nature and their ability to form robust bonds with biological tissues. These products have diverse applications, including wound closure, surgical incisions, dental procedures, and drug delivery systems.

They offer clear advantages such as minimal scarring, accelerated healing times, and enhanced patient comfort compared to traditional sutures or staples. The growing preference for minimally invasive surgeries and the rising demand for advanced wound care products are driving the widespread adoption of cyanoacrylate adhesives in the medical field.

The automotive sector generated the second highest revenue. Cyanoacrylate adhesives are used to bond various materials, such as plastics, rubber, and metals, providing structural integrity, vibration resistance, and high-temperature resistance, making them suitable for automotive assembly and repair applications.

Cyanoacrylate adhesives are extensively utilized in construction for their rapid curing time and robust bonding capabilities. These products swiftly polymerize upon contact with moisture, establishing resilient bonds between a variety of materials, including metal, plastic, wood, ceramic, and rubber. Their exceptional resistance to temperature variations, moisture, and diverse chemicals makes them an ideal choice for indoor and outdoor applications.

Technology Insights

Reactive technology dominated the market with a revenue share of 79.75 in 2023 owing to the fact that reactive cyanoacrylate adhesives can be formulated with additives such as accelerators, special hardeners, cross-linkers, and other modifiers to enhance their performance. These additives can improve the curing speed, adhesion properties, thermal stability, and humidity resistance of the adhesive.

The reactive nature of cyanoacrylate adhesives makes them suitable for a wide range of applications. In industrial assembly, their speed of action allows for the joining of intricate parts without the need for complex jigs and fixtures. In the medical field, cyanoacrylate product are used for wound closure, surgical procedures, and even in the advancement of medical technology

UV cured adhesives, also known as UV curable adhesives, are adhesives that cure when exposed to ultraviolet (UV) or visible light. These adhesives typically consist of resins, monomers, and photoinitiators. When exposed to the appropriate wavelength and intensity of light, the photoinitiators in the adhesive absorb the light and initiate a chemical reaction, resulting in the rapid curing of the adhesive. UV cured are commonly used for bonding glass, transparent plastics, and metal/plastic enclosures. 

Regional Insights

North America has a strong focus on research and development activities in the industry. This emphasis on innovation drives the development of new formulations, improved adhesion properties, and enhanced product durability.

Asia Pacific Cyanoacrylate Adhesives Market Trends

Rapid industrialization and urbanization have resulted in increased construction activities and infrastructure development. Furthermore, the availability of decreasing labor costs and raw materials in the region attracts significant market players who establish their manufacturing facilities, further driving Asia Pacific market growth.

The cyanoacrylate adhesives market in China The market in China is projected to grow significantly in the coming years. Factors such as rapid industrialization, urbanization, availability of low-cost labor and raw materials, and the establishment of manufacturing facilities by major market players contribute to the market's growth potential.

Europe Cyanoacrylate Adhesives Market Trends

The cyanoacrylate adhesives market in Europe is witnessing technological advancements aimed at improving product performance and efficiency. Integration of technologies like UV curing systems and reactive adhesives is enhancing the curing process and allowing for faster and more precise bonding.

Key Cyanoacrylate Adhesives Company Insights

Some of the key players operating in the market include 3M; Aica Kogyo Co..Ltd.; Arkema Group; H.B. Fuller Company; Henkel AG & Co. KGaA; Hubei Huitian New Materials Co. Ltd; Pidilite Industries Ltd.; Illinois Tool Works Inc.; NANPAO RESINS CHEMICAL GROUP; and Soudal Holding N.V.

• Arkema SA is a global company that specializes in the production of specialty chemicals, advanced materials, and coating solutions. The company is headquartered in Colombes, France, and operates in over 55 countries worldwide. Arkema's products find applications in diverse sectors such as transportation, oil extraction, renewable energies, consumer goods, electronics, construction, coatings, water treatment, and more.

• 3M is one of the leading manufacturing companies serving their wide range of products to numerous end use industries like automotive, electronics & electrical, transportation, consumer goods, energy, healthcare, and general manufacturing. The company operates through 4 business segments namely: Safety & Industrial, Healthcare, Transportation & Electronics, and Consumer.

Recent Developments

• In Febuaury 2024, Henkel has launched two new medical-grade instant adhesives, based on cyanoacrylates, that provide improved safety and performance. These products, Loctite 4011S and Loctite 4061S, are free from CMR (Carcinogenic, Mutagenic or Reproductively hazardous) ingredients.

• In July 2023, H.B. Fuller acquired ND Industries Inc. This acquisition is expected to accelerate the realization of H.B. Fuller’s top growth priorities. It aligns with the company’s strategy to proactively drive capital allocation to the highest margin, highest growth market segments within the functional coatings, adhesives, sealants, and elastomer (CASE) industry.

Cyanoacrylate Adhesives Market Report Scope

Global Cyanoacrylate Adhesives Market Report Segmentation

This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global cyanoacrylate adhesives market report based on technology, end use, and region:

• Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Reactive

  • UV Cured Adhesives

• End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Aerospace

  • Automotive

  • Building & Construction

  • Healthcare

  • Woodworking

  • Other End uses

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Central & South America

    • Brazil

    • Argentina

  • Middle East and Africa

    • Saudi Arabia

    • South Africa