Global Cyanoacrylate Glues market to grow at a CAGR of 4.28 percent over the period 2012-2016
Dallas, Texas (PRWEB) August 24, 2013
This report forecast the Global Cyanoacrylate Glues market to grow at a CAGR of 4.28 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need for a strong bond. The Global Cyanoacrylate Glues market has also been witnessing an increasing need for short curing time. However, the availability of numerous substitutes could pose a challenge to the growth of this market.
This report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Cyanoacrylate Glues market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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Recognizes the following companies as the key players in the Global Cyanoacrylate Glues Market: 3M Co., Henkel AG & Co. KGaA, Master Bond Inc., and Super Glue Corp.
Commenting on the report, an analyst team said: “One of the major trends supporting the growth of the Global Cyanoacrylate Glues market is the growing need for a simple cure mechanism. The Healthcare sector is growing and the need to simplify and reduce the cost of theatrical operations is increasing. The use of cyanoacrylate glues help in reducing the time for curing and sealing a wound. As cyanoacrylate glues have strong and quick binding capabilities, they are widely used in medical surgeries. The increasing use of cyanoacrylate glue for simple cure mechanism is expected to support the growth of the market during the forecast period.”
According to the report, one of the major drivers in the market is the need for high binding strength. Cyanoacrylate has the ability to provide a strong bond for large and small materials in low time. This has encouraged end-users, especially those in the Automotive sector, to widely use cyanoacrylate glues for binding large and small parts together.
Further, the report states that one of the major challenges is the availability of numerous substitutes. There are numerous types of adhesive available in the market. As cyanoacrylate glues have several limitations such as low shelf-life, brittleness, toxicity, etc., the demand for its substitutes may increase.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Adhesive Systems Inc., Bayer MaterialScience AG, Extreme Adhesives Inc., Permabond Engineering Adhesives Ltd., and Sika Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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