Global Epoxy Cyanoacrylate Market Overview:
Epoxy Cyanoacrylate is a strong fast-acting adhesive majorly used for industrial, medical, and home use. These adhesives are also known as instant glues or superglues due to their solvent-free and rapid-curing properties. Also, they rapidly form bond with a variety of substrates easily. It is used to capture latent fingerprints on non-porous surfaces like glass, plastic, etc. in forensic labs. Owing to the efficiency offered by epoxy cyanoacrylate their demand is widely increasing and this has driven the global epoxy cyanoacrylate market growth.
- Growing Demand from End-Use Industries
- High Strength and Durability
- Emergent Demand From Developing Countries
- Growing Use in Automotive Industry
- Stringent Environmental Regulations
- Volatility in Raw Material Prices
- Increasing Practice in Medical Applications
- Growing Demand from the Electronics and Furniture Industries
In Epoxy Cyanoacrylate Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
Some of the key players profiled in the report are Soudal (Belgium), Bostik (France), Sika AG (Switzerland), Wacker Chemie AG (Germany), Henkel AG and Company (Germany), 3M Company (United States), H.B. Fuller (United States), Tremco Illbruck (Germany), Aditya Birla Chemicals (India), Olin Corporation (United States), Master Bond (United States), 3M Corporation (United States) and ITW Devcon (United States). The Vendors having a strong hold in the market are Bostik, Sika, Wacker Chemie, Henkel, 3M Company. Analyst at AdvanceMarketAnalytics see United States and European Countries Vendors to retain maximum share of Global Epoxy Cyanoacrylate market by 2025. Considering Market by Uses, the sub-segment i.e. Foaming Adhesive will boost the Epoxy Cyanoacrylate market. Considering Market by Sales Channel, the sub-segment i.e. Distribution will boost the Epoxy Cyanoacrylate market.
In October 2018, Arkema, Parent Company of Bostik is expanding in engineering adhesives with the announcement of the acquisition of Afinitica, a Spanish company specializing in instant adhesives, also known as cyanoacrylates. This small targeted acquisition will enable Bostik to develop a solid position in adhesives used in markets with strong growth potential, including electronics and medical equipment, and in many other durable goods manufacturing applications.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Epoxy Cyanoacrylate market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Epoxy Cyanoacrylate market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Epoxy Cyanoacrylate Providers, Traders, Importers, and Exporters, Raw Material Suppliers and Distributors, Research and Consulting Firms, Government and Research Organizations and Associations and Industry Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.