Market Size of cyanoacrylate adhesives Industry
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 2.92 Billion |
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Market Size (2028) | USD 3.61 Billion |
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Largest Share by End User Industry | Healthcare |
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CAGR (2024 - 2028) | 5.46 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Cyanoacrylate Adhesives Market Analysis
The Cyanoacrylate Adhesives Market size is estimated at 2.92 billion USD in 2024, and is expected to reach 3.61 billion USD by 2028, growing at a CAGR of 5.46% during the forecast period (2024-2028).
2.92 Billion
Market Size in 2024 (USD)
3.61 Billion
Market Size in 2028 (USD)
4.42 %
CAGR (2017-2023)
5.46 %
CAGR (2024-2028)
Largest Market by End-user Industry
29.82 %
value share, Healthcare, 2023
Healthcare is the dominant end-user industry in the global cyanoacrylate adhesives market owing to the wide range of applications in surgical and medical device production.
Largest Market by Technology
79.97 %
value share, Reactive, 2023
Reactive is the largest technology type in the global cyanoacrylate adhesives market owing to its wide range of applications across major end-user industries, including automotive, healthcare, and woodworking and joinery.
Largest Market by Region
40.89 %
value share, Asia-Pacific, 2023
Asia-Pacific, driven mainly by India, China, South Korea, and Japan, is the largest cyanoacrylate adhesive consumer owing to its usage by various end-user industries.
Fastest Growing Market by Region
5.66 %
Projected CAGR, North America, 2024-2028
Owing to the rising demand for electric vehicles and rapid growth of the healthcare industry in leading countries such as the United States, Canada, and Mexico, the North American region is forecast to be the fastest-growing region in the market.
Leading Market Player
23.61 %
market share, Henkel AG & Co. KGaA, 2021
Henkel is the leading cyanoacrylate adhesives manufacturer globally due to the popularity of its products in various industries, including automotive and healthcare.
Rising investments in the healthcare industry to also drive the demand for cyanoacrylate adhesives in the future
- Cyanoacrylate adhesives are used in different end-user industries because of their unique properties, such as quick or instant curing, usually at room temperature.
- Cyanoacrylate adhesives are used in the construction industry for their applications, such as flooring, roofing, and kitchen component assembly. The construction industry is expected to grow globally with a 3.5% CAGR up to 2030. Among the nations of the world, China, India, the United States, and Indonesia are expected to account for 58.3% of the global construction growth.
- Cyanoacrylate adhesives are widely used in the automotive industry because of their applicability to surfaces such as glass, metal, plastic, and painted surfaces. They are used to assemble body interiors and engine components, such as battery assembly in electric vehicles. The electric vehicles segment of the automotive industry is expected to record a 17.75% CAGR globally in the forecast period because of the increase in demand for the same in growing economies. This is expected to boost the demand for automotive cyanoacrylate adhesives in the forecast period.
- Cyanoacrylate adhesives are widely used in electronics and electrical equipment manufacturing. They are used for attaching sensors and tacking off wires. The global electronics and household appliances industries are expected to record CAGRs of 2.51% and 5.77%, respectively, which is expected to increase demand for cyanoacrylate adhesives in the forecast period 2022-2028.
- Cyanoacrylate adhesives are used in the healthcare industry for applications such as assembling and medical tapes because of their non-toxic nature and instant curing. The increase in healthcare investments worldwide will lead to a rise in their demand in the forecast period.
Cyanoacrylate adhesives based on the UV-cured technology leading the growth rates at the global scale
- Cyanoacrylate adhesives account for 3% of the total adhesives market worldwide, valued at USD 54.7 billion in 2021. Cyanoacrylate adhesives are popular because of their quick bonding properties. It requires less adhesive to form a bond between various substrates, including metals, glass, and polymers. These adhesives are majorly consumed in automotive, electronics, DIY, healthcare, and a few other industries across the globe.
- The consumption of cyanoacrylate adhesives declined in 2020 by 10.74% compared to 2019, mainly due to the COVID-19 pandemic. Nationwide lockdowns globally resulted in the shutdown of production facilities, supply chain disruptions, and sealed international borders for trade exchange. However, the economic recovery in many countries resulted in a growth in demand for cyanoacrylate adhesives by 25.2 million kg in 2021.
- Cyanoacrylate adhesives are consumed mainly in the Asia-Pacific region owing to growing economies such as China, Japan, and India. These instant adhesives are widely used in the region's automotive, DIY, and electronics industries. China is the largest country for automotive production, and these adhesives are used more in the country. Automotive production is expected to reach 63.7 million units by 2027 from 47.9 million units in 2021. The rising automotive production in the region is expected to drive the demand for cyanoacrylate adhesives over the coming years.
- Cyanoacrylate adhesives are used with reactive and UV-cured technology. UV-cured technology is the fastest-growing technology in the world and is expected to record a CAGR of 4.83% in volume terms in the forecast period 2022-2028.
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. Asia-Pacific, Europe, Middle East & Africa, North America, South America are covered as segments by Region.
- Cyanoacrylate adhesives are used in different end-user industries because of their unique properties, such as quick or instant curing, usually at room temperature.
- Cyanoacrylate adhesives are used in the construction industry for their applications, such as flooring, roofing, and kitchen component assembly. The construction industry is expected to grow globally with a 3.5% CAGR up to 2030. Among the nations of the world, China, India, the United States, and Indonesia are expected to account for 58.3% of the global construction growth.
- Cyanoacrylate adhesives are widely used in the automotive industry because of their applicability to surfaces such as glass, metal, plastic, and painted surfaces. They are used to assemble body interiors and engine components, such as battery assembly in electric vehicles. The electric vehicles segment of the automotive industry is expected to record a 17.75% CAGR globally in the forecast period because of the increase in demand for the same in growing economies. This is expected to boost the demand for automotive cyanoacrylate adhesives in the forecast period.
- Cyanoacrylate adhesives are widely used in electronics and electrical equipment manufacturing. They are used for attaching sensors and tacking off wires. The global electronics and household appliances industries are expected to record CAGRs of 2.51% and 5.77%, respectively, which is expected to increase demand for cyanoacrylate adhesives in the forecast period 2022-2028.
- Cyanoacrylate adhesives are used in the healthcare industry for applications such as assembling and medical tapes because of their non-toxic nature and instant curing. The increase in healthcare investments worldwide will lead to a rise in their demand in the forecast period.
| End User Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Footwear and Leather | |
| Healthcare | |
| Woodworking and Joinery | |
| Other End-user Industries |
| Technology | |
| Reactive | |
| UV Cured Adhesives |
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Cyanoacrylate Adhesives Market Size Summary
The Cyanoacrylate Adhesives Market is poised for significant growth, driven by their rapid curing properties and versatility across various industries. These adhesives are extensively utilized in the construction sector for applications such as flooring and roofing, and in the automotive industry for assembling components like battery packs in electric vehicles. The electronics and healthcare industries also rely on cyanoacrylate adhesives for their non-toxic and instant bonding capabilities. The market's expansion is supported by the increasing demand for electric vehicles and the recovery of global economies post-pandemic, which has revitalized production and consumption across these sectors.
Regionally, the Asia-Pacific area, particularly China, Japan, and India, dominates the consumption of cyanoacrylate adhesives due to robust growth in automotive and electronics industries. The market is moderately consolidated, with major players like 3M, Aica Kogyo Co., Arkema Group, H.B. Fuller Company, and Henkel AG & Co. KGaA leading the charge. Strategic acquisitions and partnerships, such as H.B. Fuller's acquisition of Fourny NV and Apollo Chemicals, are enhancing their market presence, particularly in Europe. The adoption of UV-cured technology is also on the rise, reflecting the industry's shift towards faster and more efficient bonding solutions.
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 Region
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1.3.1 Asia-Pacific
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1.3.1.1 Australia
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1.3.1.2 China
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1.3.1.3 India
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1.3.1.4 Indonesia
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1.3.1.5 Japan
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1.3.1.6 Malaysia
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1.3.1.7 Singapore
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1.3.1.8 South Korea
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1.3.1.9 Thailand
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1.3.1.10 Rest of Asia-Pacific
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1.3.2 Europe
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1.3.2.1 France
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1.3.2.2 Germany
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1.3.2.3 Italy
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1.3.2.4 Russia
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1.3.2.5 Spain
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1.3.2.6 United Kingdom
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1.3.2.7 Rest of Europe
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1.3.3 Middle East & Africa
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1.3.3.1 Saudi Arabia
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1.3.3.2 South Africa
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1.3.3.3 Rest of Middle East & Africa
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1.3.4 North America
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1.3.4.1 Canada
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1.3.4.2 Mexico
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1.3.4.3 United States
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1.3.4.4 Rest of North America
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1.3.5 South America
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1.3.5.1 Argentina
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1.3.5.2 Brazil
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1.3.5.3 Rest of South America
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Cyanoacrylate Adhesives Market Size FAQs
How big is the Global Cyanoacrylate Adhesives Market?
The Global Cyanoacrylate Adhesives Market size is expected to reach USD 2.92 billion in 2024 and grow at a CAGR of 5.46% to reach USD 3.61 billion by 2028.
What is the current Global Cyanoacrylate Adhesives Market size?
In 2024, the Global Cyanoacrylate Adhesives Market size is expected to reach USD 2.92 billion.
