Market Size of North America Cyanoacrylate Adhesives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Cyanoacrylate Adhesives Market Analysis
The North America cyanoacrylate adhesives market is expected to grow with a CAGR greater than 5% during the forecast period. One of the major factors driving the market is the growing demand from the electronics and furniture industries in the region. However, volatility in the raw material prices is hindering the growth of the market studied.
- Among the Countries, the United States is likely to occupy the major market share during the forecast period.
- Among the end-user industries, the healthcare industry is likely to witness the highest growth rate during the forecast period.
North America Cyanoacrylate Adhesives Industry Segmentation
The North America Cyanoacrylate Adhesives market report includes:
| Product Type | |
| Alkoxy Ethyl-based | |
| Ethyl Ester-based | |
| Methyl Ester-based | |
| Other Product Types |
| End-user Industry | |
| Transportation | |
| Footwear & Leather | |
| Furniture | |
| Consumer Goods | |
| Healthcare | |
| Electronics | |
| Other End-user Industries |
| Geography | |
| United States | |
| Canada | |
| Mexico |
North America Cyanoacrylate Adhesives Market Size Summary
The North America cyanoacrylate adhesives market is poised for significant growth, driven primarily by increasing demand from the electronics and furniture sectors. Despite challenges such as fluctuating raw material prices, the market is expected to expand steadily. The United States is anticipated to hold a substantial portion of the market share, largely due to its diverse end-user industries. The healthcare sector, in particular, is projected to experience the highest growth rate, fueled by the rising number of surgeries and the need for advanced tissue adhesives. Cyanoacrylate adhesives, especially the ester form N-butyl-2-cyanoacrylate, have gained prominence in medical applications, achieving a gold standard status that bolsters their market presence.
The market landscape in North America is moderately fragmented, with numerous players like 3M, Henkel AG & Co. KGaA, H.B. Fuller Company, Arkema Group, and Sika AG contributing to the competitive environment. The United States, despite economic setbacks from the COVID-19 pandemic, is expected to recover and maintain its dominance in the market. The demand for cyanoacrylate adhesives is further supported by the growing use in medical applications, such as dental and surgical adhesives, and the increasing standard of living, which drives the demand for home furnishings. However, the decline in automotive production has posed challenges to market growth in the region.
North America Cyanoacrylate Adhesives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand from Electronics and Furniture Industries
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1.1.2 Other Drivers
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1.2 Restraints
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1.3 Industry Value-chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Alkoxy Ethyl-based
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2.1.2 Ethyl Ester-based
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2.1.3 Methyl Ester-based
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2.1.4 Other Product Types
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2.2 End-user Industry
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2.2.1 Transportation
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2.2.2 Footwear & Leather
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2.2.3 Furniture
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2.2.4 Consumer Goods
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2.2.5 Healthcare
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2.2.6 Electronics
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2.2.7 Other End-user Industries
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2.3 Geography
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2.3.1 United States
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2.3.2 Canada
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2.3.3 Mexico
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North America Cyanoacrylate Adhesives Market Size FAQs
What is the current North America Cyanoacrylate Adhesives Market size?
The North America Cyanoacrylate Adhesives Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in North America Cyanoacrylate Adhesives Market?
3M, Henkel AG & Co. KGaA, H.B. Fuller Company, Arkema Group and Sika AG are the major companies operating in the North America Cyanoacrylate Adhesives Market.
