Global Cyanoacrylate Glues Market 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-24 06:27:01
The Global Cyanoacrylate Glues market is to grow at a CAGR of 4.28 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need for a strong bond. The Global Cyanoacrylate Glues market has also been witnessing an increasing need for short curing time. However, the availability of numerous substitutes could pose a challenge to the growth of this market.
One of the major trends supporting the growth of the Global Cyanoacrylate Glues market is the growing need for a simple cure mechanism. 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. The increasing use of cyanoacrylate glue for simple cure mechanism is expected to support the growth of the market during the forecast period.
One of the major drivers in the market is the need for high binding strength. 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.
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.
The key vendors dominating this space include 3M Co., Henkel AG & Co. KGaA, Master Bond Inc., and Super Glue Corp. The other vendors mentioned are Adhesive Systems Inc., Bayer MaterialScience AG, Extreme Adhesives Inc., Permabond Engineering Adhesives Ltd., and Sika Corp.
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