Investments & Expansions is One of the Major Strategies Adopted by the Key Players in the Instant Adhesives Market.
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. The demand for instant adhesives has increased in the recent years in the Asia-Pacific region. This increased demand can be attributed to the growing automotive and electronics industries. This, in turn, has contributed to the growth of the market for instant adhesives in the region.
Investments & expansions is one of the major strategies adopted by the key players in the instant adhesives market. This strategy has helped the companies enhance their product portfolios and expand their global presence. These companies are also focused on entering new markets by launching technologically advanced and innovative instant adhesives for varied applications. Some of the leading manufacturers of instant adhesives include Henkel AG & Co. KGaA (Germany), H.B. Fuller (U.S.), Huntsman Corporation (U.S.), 3M Company (U.S.), Bostik SA (France), Toagosei Co., Ltd. (Japan), and Pidilite Industries (India), among others. These companies have adopted various organic and inorganic growth strategies to enhance their business and increase their market share in the instant adhesives market.
The North American region is considered to be the most active region, in terms of strategic initiatives in the instant adhesives market. In February 2017, H.B. Fuller acquired Cyberbond, LLC, following which it quickly became a leader in the Cyanoacrylate Adhesives (CA) technology market. In February 2016, 3M and TTS Tooltechnic Systems AG & Co, a maker of Festool brand products, announced a strategic collaboration to provide customers in the global automotive collision repair industry a new and comprehensive surface preparation and finishing system. As a part of this strategic collaboration, 3M’s automotive aftermarket division will eventually become the exclusive supplier of 3M and Festool Automotive Systems products in the automotive aftermarket.
H.B. Fuller (U.S.) and 3M Company (U.S.) are the most active players in the instant adhesives market. These companies accounted for the largest share of all developmental activities that took place in the instant adhesives market between 2013 and 2017. As a part of their organic growth strategies, these companies focus on enhancing their instant adhesive product portfolios and expanding their presence in the European and North American regions.
Related Reports:
Instant Adhesive Market by Chemistry (Cyanoacrylate, Epoxy-based), Curing Process (Conventional, Light Cured), Application (Industrial, Woodworking, Transportation, Consumer, Medical, Electronics), and Region - Global Forecasts to 2022
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