Market Size of asia-pacific cyanoacrylate adhesives Industry
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 1.19 Billion |
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Market Size (2028) | USD 1.48 Billion |
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Largest Share by End User Industry | Automotive |
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CAGR (2024 - 2028) | 5.57 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Cyanoacrylate Adhesives Market Analysis
The Asia-Pacific Cyanoacrylate Adhesives Market size is estimated at 1.19 billion USD in 2024, and is expected to reach 1.48 billion USD by 2028, growing at a CAGR of 5.57% during the forecast period (2024-2028).
1.19 Billion
Market Size in 2024 (USD)
1.48 Billion
Market Size in 2028 (USD)
4.52 %
CAGR (2017-2023)
5.57 %
CAGR (2024-2028)
Largest Market by End-user Industry
22.55 %
value share, Automotive, 2023
Automotive is the dominant end-user industry in the market owing to the wide range of cyanoacrylate adhesive applications for exterior and interior parts and components.
Largest Market by Technology
86.66 %
value share, Reactive, 2023
Reactive is the largest technology type in the market owing to its wide range of applications across major end-user industries, including automotive, healthcare, and woodworking and joinery.
Largest Market by Country
54.57 %
value share, China, 2023
In Asia-Pacific, China had the highest market share owing to the strong presence of manufacturers in the country's healthcare, automotive, and woodworking industries.
Fastest Growing Market by Country
6.35 %
Projected CAGR, Malaysia, 2024-2028
Due to the increasing population and rapid urbanization along with rising demand for electric vehicles, Indonesia is forecasted to be the fastest-growing country in the market.
Leading Market Player
9.75 %
market share, Henkel AG & Co. KGaA, 2021
Henkel is the leading cyanoacrylate adhesives manufacturer in the region. This can be attributed to the popularity of its products in widespread industries including automotive and healthcare.
The rising applications and demand for cyanoacrylate adhesives across the aerospace and healthcare industries are the major growth factors
- Asia-Pacific's cyanoacrylate adhesives market is likely to dominate by other end-user industries owing to rapidly increasing demand from DIY and electronics applications throughout the projected timeframe. Cyanoacrylates have unique characteristics to create an exceptional bond in a shorter time period with different substrates such as wood, metal, plastics, ceramics, and elastomers, which make them suitable to be used by professionals in the DIY sector.
- Cyanoacrylate adhesive consumption has recently increased for automotive due to rising applications of critical assembly operations across the industry. Cyanoacrylates offer a permanent bond that can be stable under a wide range of heat and temperature. Moreover, automotive manufacturers are engaging themselves in producing lightweight parts and components to reduce the overall vehicle's weight without sacrificing safety. Thus, cyanoacrylate adhesives consumption in the automotive industry will showcase significant growth in the upcoming years.
- The aerospace industry is likely to witness a fastest-growing sector in terms of cyanoacrylate consumption owing to its non-flammable, fast-curing ability, and hassle-free applications in mechanical and structural operations. In addition, cyanoacrylates are rapidly adopted as a tissue adhesive for a variety of medical and surgical applications to replace traditional suturing processes. Furthermore, oral applications of cyanoacrylates have exhibited continuous improvements over the last few years. These factors collectively impetus the growth of cyanoacrylate adhesives across the Asia-Pacific region in the upcoming years.
High value growth forecasted for the cyanoacrylate adhesives led by the Indonesian healthcare industry
- Asia-Pacific is the world's largest regional consumer of cyanoacrylate adhesives, accounting for 42.9% of total cyanoacrylate adhesive consumption in 2021. Cyanoacrylate adhesives are instant adhesives consumed in the region's automotive, healthcare, DIY, and other industries.
- China is the largest consumer of cyanoacrylate adhesives in the region and the world. These adhesives are majorly used in the country's automotive and healthcare industries. The Chinese automotive industry consumes about 23,036 tons of cyanoacrylate adhesives. Automotive production is expected to reach 34.2 million units by 2025 from 26.2 million units in 2021. Such growing demand from the automotive industry is expected to drive the demand for cyanoacrylate adhesives in the country.
- Aerospace is the fastest-growing end-user industry of cyanoacrylate adhesives in the region and is expected to record a CAGR of 6.26% in volume terms during the forecast period 2022-2028. China is implementing the 'Made in 2025' plan, which requires aircraft manufacturers to source and manufacture 100% of aircraft in China, restricting foreign players' entry. On the other hand, the local aerospace adhesives and sealants manufacturers are expected to benefit from this government scheme. Similar policies being implemented by other countries in the region are expected to boost the aerospace industry in the region.
- Indonesia is the fastest-growing country in the region and globally for the market and is expected to record a CAGR of 7% during the forecast period 2022-2028, owing to its growing healthcare industry. The medical device market in Indonesia is expected to reach USD 2.83 billion by 2027. These factors are expected to boost the demand for cyanoacrylate adhesives in the Asia-Pacific region over the forecast period.
Asia-Pacific Cyanoacrylate Adhesives Industry Segmentation
Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Woodworking and Joinery are covered as segments by End User Industry. Reactive, UV Cured Adhesives are covered as segments by Technology. Australia, China, India, Indonesia, Japan, Malaysia, Singapore, South Korea, Thailand are covered as segments by Country.
- Asia-Pacific's cyanoacrylate adhesives market is likely to dominate by other end-user industries owing to rapidly increasing demand from DIY and electronics applications throughout the projected timeframe. Cyanoacrylates have unique characteristics to create an exceptional bond in a shorter time period with different substrates such as wood, metal, plastics, ceramics, and elastomers, which make them suitable to be used by professionals in the DIY sector.
- Cyanoacrylate adhesive consumption has recently increased for automotive due to rising applications of critical assembly operations across the industry. Cyanoacrylates offer a permanent bond that can be stable under a wide range of heat and temperature. Moreover, automotive manufacturers are engaging themselves in producing lightweight parts and components to reduce the overall vehicle's weight without sacrificing safety. Thus, cyanoacrylate adhesives consumption in the automotive industry will showcase significant growth in the upcoming years.
- The aerospace industry is likely to witness a fastest-growing sector in terms of cyanoacrylate consumption owing to its non-flammable, fast-curing ability, and hassle-free applications in mechanical and structural operations. In addition, cyanoacrylates are rapidly adopted as a tissue adhesive for a variety of medical and surgical applications to replace traditional suturing processes. Furthermore, oral applications of cyanoacrylates have exhibited continuous improvements over the last few years. These factors collectively impetus the growth of cyanoacrylate adhesives across the Asia-Pacific region in the upcoming years.
| End User Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Footwear and Leather | |
| Healthcare | |
| Woodworking and Joinery | |
| Other End-user Industries |
| Technology | |
| Reactive | |
| UV Cured Adhesives |
| Country | |
| Australia | |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Malaysia | |
| Singapore | |
| South Korea | |
| Thailand | |
| Rest of Asia-Pacific |
Asia-Pacific Cyanoacrylate Adhesives Market Size Summary
The Asia-Pacific cyanoacrylate adhesives market is poised for significant growth, driven by increasing demand across various sectors such as DIY, electronics, automotive, aerospace, and healthcare. These adhesives are favored for their ability to create strong bonds quickly with diverse materials like wood, metal, plastics, and ceramics, making them ideal for both professional and consumer applications. The automotive industry, in particular, is witnessing a surge in cyanoacrylate usage due to the need for lightweight components and the ability to maintain stability under varying temperatures. The aerospace sector is also emerging as a rapidly growing end-user, benefiting from the adhesives' non-flammable and fast-curing properties. Additionally, the healthcare industry is increasingly adopting cyanoacrylates for medical and surgical applications, further propelling market expansion in the region.
China stands out as the largest consumer of cyanoacrylate adhesives in the Asia-Pacific region, with substantial usage in its automotive and healthcare industries. The country's automotive sector, a major driver of adhesive demand, is expected to see continued growth, supported by initiatives like the 'Made in 2025' plan, which aims to boost local manufacturing. Indonesia is also emerging as a fast-growing market, driven by its expanding healthcare industry. The region's furniture and woodworking sectors, particularly in China and India, are contributing to the market's growth, with the latter's unorganized furniture industry receiving government support for structured development. The market is characterized by fragmentation, with key players like 3M, Aica Kogyo Co., Ltd., H.B. Fuller Company, Henkel AG & Co. KGaA, and Pidilite Industries Ltd. actively expanding their presence through strategic agreements and investments.
Asia-Pacific Cyanoacrylate Adhesives Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
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1.1 End User Industry
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1.1.1 Aerospace
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1.1.2 Automotive
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1.1.3 Building and Construction
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1.1.4 Footwear and Leather
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1.1.5 Healthcare
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1.1.6 Woodworking and Joinery
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1.1.7 Other End-user Industries
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1.2 Technology
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1.2.1 Reactive
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1.2.2 UV Cured Adhesives
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1.3 Country
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1.3.1 Australia
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1.3.2 China
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1.3.3 India
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1.3.4 Indonesia
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1.3.5 Japan
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1.3.6 Malaysia
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1.3.7 Singapore
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1.3.8 South Korea
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1.3.9 Thailand
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1.3.10 Rest of Asia-Pacific
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Asia-Pacific Cyanoacrylate Adhesives Market Size FAQs
How big is the Asia-Pacific Cyanoacrylate Adhesives Market?
The Asia-Pacific Cyanoacrylate Adhesives Market size is expected to reach USD 1.19 billion in 2024 and grow at a CAGR of 5.57% to reach USD 1.48 billion by 2028.
What is the current Asia-Pacific Cyanoacrylate Adhesives Market size?
In 2024, the Asia-Pacific Cyanoacrylate Adhesives Market size is expected to reach USD 1.19 billion.
