Global Curing Adhesives Market Growth: key Vendors, Trends, Analysis, Segmentation, Forecast to 2022-2030

Curing Adhesives Market Overview

The curing adhesives market is projected to witness healthy growth during the ongoing forecast period, 2021–2028. It was valued at USD 6,132.73 million in 2020 and is projected to register a CAGR of 7.76% to reach USD 10,795.82 million by the end of the period.

There has been an increasing demand for curing adhesives is due to their growing applications in the electronics industry. Additionally, the trends suggest that the growing application in the automotive assembly line and industrial goods is expected to drive the forecast period. Moreover, the technological dominance in the Asian Pacific region is expected to create lucrative opportunities for the market.

Curing adhesives are used prominently in the electronics manufacturing industry with ever-increasing frequency due to their properties and process advantages, which are a good fit for the manufacturing requirements that are demanded by the current electronic industry drivers. The drives include environmental and health safety demands, miniaturization, minimizing total product cost, and manufacturing yield improvement. The market products and services offer an ideal bonding for heat sinks and heat-sensitive components, wire and component tacking, strain relief of large parts, and hand-in-checked components before wave soldering. Curing adhesives in the electronics manufacturing market industry have found applications in wire and parts tacking, strain relief, tamper-proofing, coil terminating, temporary masking, structural bonding, encapsulation, potting, conformal coating, surface mount component attachment, and glob topping.

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Key Players

The major market players in the market are

Henkel AG Co.
KGaA
Bostik SA
B. Fuller
Dow Corning
3M Company
Jowat SE
Dymax Corporation

Curing Adhesives Market Segmentation

The global curing adhesives market has been segmented based on the resin, product type, application, and region.

The acrylate segment of the market accounted for the largest share of over 35% in 2020 due to its growing applications in the electronics sector.

By product type, the global curing adhesives market has been classified into moisture-cure, UV cure, and others like heat or thermal cure.

The global curing adhesives market, based on application, has been classified into electronics electrical, and many others. The other segment of the market had dominated the global curing adhesives market with a share of over 70% in 2020 due to the growth of the industries across the globe.

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Regional Classification

The global curing adhesives market has been divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa.

The Asian Pacific region had held the largest market share of 35.5% in 2020 due to the rapid industrialization and commercialization in the region. Furthermore, growing investments in infrastructure and electronics sectors have positively impacted the region’s regional demand for curing adhesives.

Europe held the second-largest market share of the global curing adhesives market in 2020.

North America is expected to witness significant demand for curing adhesives due to its widespread renewable energy and construction industry applications.

Recent Development

February 2022 – Westlake Chemical Corporation has carried out the acquisition of the global epoxy business owned by Hexion Inc. for around USD 1.2 billion in cash.
Westlake Epoxy is a renowned developer of curing agents, modifiers and epoxy resins for high-performance and quality coatings, composites, and materials. The extensive worldwide business covers upstream base epoxy resins as well as intermediates available as solid and liquid epoxy resins, coupled with downstream specialty epoxy resins utilized in composites and coatings. Westlake Epoxy caters to numerous sectors, such as adhesives; automotive; aerospace; construction and civil engineering; electronics; composite and wind energy; marine, protective coatings, and electrical laminates.

October 2021 – Evonik introduces its latest TEGO RC 1442 silicone release coating, which is based on its present RC 1400 series technology, delivering high performance advantages customers expect from the company.
This coating has been created for fast curing pressure sensitive adhesive applications, and offers impressive anchorage to the substrates while delivering stable release values in time, regardless of the humid storage conditions.

In the year 2021, one of the leading market players, Wacker, has expanded their brand in European countries. In the same year, another prominent market player, H.B Fuller has brought in two compostable adhesives for the packaging industries. Such advancements and expansions have significantly affected the overall growth of the Curing Adhesives industry.

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Table of Content

1 EXECUTIVE SUMMARY 16

1.1 MARKET ATTRACTIVENESS ANALYSIS 18

1.1.1 GLOBAL CURING ADHESIVES MARKET, BY RESIN 19

1.1.2 GLOBAL CURING ADHESIVES MARKET, BY PRODUCT TYPE 20

1.1.3 GLOBAL CURING ADHESIVES MARKET, BY APPLICATION 21

1.1.4 GLOBAL CURING ADHESIVES MARKET, BY REGION 22

2 MARKET INTRODUCTION 23

2.1 DEFINITION 23

2.2 SCOPE OF THE STUDY 23

2.3 MARKET STRUCTURE 23

3 RESEARCH METHODOLOGY 24

3.1 RESEARCH PROCESS 24

3.2 PRIMARY RESEARCH 25

3.3 SECONDARY RESEARCH 26

3.4 MARKET SIZE ESTIMATION 27

3.5 TOP DOWN BOTTOM UP APPROACH 27

3.6 FORECAST MODEL 28

3.7 LIST OF ASSUMPTIONS LIMITATIONS 29

4 MARKET DYNAMICS 30

4.1 INTRODUCTION 30

4.2 DRIVERS 31

4.2.1 DEMAND FROM THE ELECTRONICS INDUSTRY 31

4.2.2 CURING ADHESIVES GAINING TRACTION FROM GROWING PRODUCTION AND SALES OF AUTOMOBILES 32

4.2.3 DRIVERS IMPACT ANALYSIS 35

4.3 RESTRAINTS 35

4.3.1 REGULATORY CONSTRAINTS 35

4.3.2 RESTRAINTS IMPACT ANALYSIS 36

4.4 OPPORTUNITIES 36

4.4.1 GROWING TECHNOLOGICAL DOMINANCE DEMAND IN ASIA-PACIFIC AND OTHER REGIONS 36

5 MARKET FACTOR ANALYSIS 38

5.1 SUPPLY CHAIN ANALYSIS 38

5.1.1 RAW MATERIALS SUPPLIERS 39

5.1.2 CURING ADHESIVES MANUFACTURERS 39

5.1.3 DISTRIBUTION CHANNELS 39

5.1.4 END USERS 39

5.2 PORTER’S FIVE FORCES MODEL 40

5.2.1 THREAT OF NEW ENTRANTS 41

5.2.2 BARGAINING POWER OF SUPPLIERS 41

5.2.3 THREAT OF SUBSTITUTES 41

5.2.4 BARGAINING POWER OF BUYERS 41

5.2.5 INTENSITY OF RIVALRY 41

5.3 PRICING OVERVIEW, BY REGION (USD/TON) 42

5.4 COMPARISON BETWEEN INORGANIC AND ORGANIC ADHESIVES 42

6 GLOBAL CURING ADHESIVES MARKET, BY RESIN 43

6.1 OVERVIEW 43

6.1.1 CURING ADHESIVES: MARKET ESTIMATES FORECAST BY RESIN, 2019–2028 43

6.1.2 CURING ADHESIVES: MARKET ESTIMATES FORECAST BY RESIN, 2019–2028 44

6.2 ACRYLATE 45

6.2.1 ACRYLATE: MARKET ESTIMATES FORECAST BY REGION,2019–2028 45

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