Global CuringAdhesives Market is expected to reach USD 18.8 billion by 2025. Curing adhesives are termed as reactive materials that involve chemical reaction to convert them from thermoplastic (or liquid) to solid. The adhesive molecules are cross-linked in curing process to form a strong adhesive joint. Generally, these adhesives are known to provide high strength and are flexible to rigid bond lines as they are resistant to many chemicals, humidity, and temperature. The curing adhesives industry is estimated to grow at a significant CAGR over the future period as the scope and its applications are rising enormously across the globe.
Rising
demand from construction and automotive industry and rising research and
development sectors to develop sustainable adhesives are documented as major
factors of curing adhesives market that are estimated to enhance the growth in
the years to come. However, high manufacturing cost, strict government
regulations in concerned with the environment, high level of mechanical stress
and exposure to elevated temperature are the factors that may restrain overall
market growth in the upcoming years. Curing adhesives industry is segmented
based on forms, application, and region.
There
are two important forms of curing adhesives namely single component (1-C) and
two component (2-C) that could be explored in curing adhesives market in
foremost period. Single component includes heat activated curing adhesives,
light/UV activated curing adhesives, moisture activated curing adhesives,
anaerobics, and pressure sensitive adhesives (PSA). On the other hand, two
component includes silicones, epoxies, acrylics, methyl methacrylates, and
urethane.
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Heat
activated curing adhesives comprise a mixture of two components. On the other
hand, light activated adhesives are cured under a UV or visible light of
suitable wavelength. It includes adhesives like acrylics, urethanes, and
cyanoacrylates. Anaerobic adhesives are also termed as anaerobic sealants that
cure in the absence of oxygen and in the presence of active metals. The market
may be categorized based on applications like photovoltaics, automotive,
consumer electronics, glass, display, medical devices, textile industry, and
others that could be explored in forecast period.
Globally,
Asia Pacific accounted for the largest market share of curing adhesives and is
estimated to lead the overall market in the coming years. The reason behind the
growth of overall market could be presence of key manufacturers and high demand
from construction and electronic industries. The developing countries like
India and China are the major consumer of curing adhesives industry in the
region.
Instead,
North America and Europe are also estimated to have a positive influence on the
future growth. North America is the second largest region with significant
market share. The aspects that may be ascribed to the growth comprise strict
government policy regarding use of toxic chemical preparations in curative
bonding agents and increasing investment in development of enhanced technology.
however, Europe is estimated to grow at fastest pace in the coming years.
The
key players of curing adhesives market are Tosoh, Henkel AG & Co., Dymax
Corporation, Bostik SA, Jowat SE, H.B. Fuller, 3M Company, and Dow Corning.
These players are concentrating on inorganic growth to sustain themselves
amongst fierce competition. As companies all over the world have to believe
that alliance with a market would permit them proportional market existence and
authority to declare the leadership position.
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Market Segment:
Curing
Adhesives Resin Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
• Epoxy
• Polyurethane
• Acrylate
• Silicone
• Others
Curing
Adhesives Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
• UV cure
• Moisture cure
• Thermal cure
Curing
Adhesives End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
• Automotive
• Construction
• Electronics & Electrical
• Medical
• Wood working
• Others
Curing
Adhesives Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 -
2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Central & South America (CSA)
• Middle East & Africa
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