The cyanoacrylate glues market has been forecast to increase at a compound annual growth rate (CAGR) of 4.28% through 2016, driven by the need for a strong bond between materials, and an increasing need for short curing time.
Cyanoacrylate is the generic name for a family of strong fast-acting adhesives with industrial, medical and household uses. Cyanoacrylate glues are usually known generically as instant glues or superglues.
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.
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.
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.
Key players currently dominating the cyanoacrylate glues market include 3M Co., Henkel AG & Co. KGaA, Master Bond Inc., and Super Glue Corp.
For more information on the cyanoacrylate glues market, see the latest research: Cyanoacrylate Glues Market
Follow us on Twitter @CandMResearch
Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.