COVID-19 Impact on Cyanoacrylate Polymers Market
The COVID-19 pandemic has impacted a large number of countries across the globe. Various measures introduced to deal with the pandemic such as lockdowns, decrease in trade activities, and closure of various factories and workplaces in several countries could help save lives. However, they carry wide-ranging economic effects that could induce an economic contagion.
- Many countries imposed lockdown policies in an effort to slow the infection rates. These measures have adversely affected the transportation sector.
- Relaxation in lockdowns is likely to improve the demand for cyanoacrylate polymers in the near future.
Key Drivers of Global Cyanoacrylate Polymers Market
- Increase in demand for cyanoacrylate polymers in the automotive industry to bond engine hose protectors and roof pads is expected to drive the market in the near future
- Benefits of using cyanoacrylate polymers in end-use industries comprise simplification in the production process due to the strength and durability of the material
Cyanoacrylate Polymers Market: Segmentation
- The cyanoacrylate polymers market can be segmented based on type, end-use, and region
- Based on type, the cyanoacrylate polymers market can be classified into methyl, ethyl, butyl, alkoxy, and others
- Based on end-use, the global cyanoacrylate polymers market can be segregated into transportation, health care, electronics, consumer goods, and others
Cyanoacrylate Polymers Market: By Type
- Based on type, the global market can be segmented into ethyl, methyl, butyl, alkoxy and others. Specific cyanoacrylate polymers such as ethyl cyanoacrylate and methyl cyanoacrylate are commonly sold as superglues, while n-butyl cyanoacrylate polymers are used in medical applications.
Cyanoacrylate Polymers Market: By End-use
- Based on end-use, the global cyanoacrylate polymers market can be segregated into transportation, health care, electronics, consumer goods, and others
- Transportation and electronics segments are projected to gain high share of the global cyanoacrylate polymers market during the forecast period
- The health care segment is likely to dominate the global cyanoacrylate polymers market during the forecast period
- The ester form of cyanoacrylate, N-butyl-2-cyanoacrylate, is one of the polymer components that has been widely used as a tissue in medical applications for surgeries
- Cyanoacrylate polymers have acquired the standard status in medical applications. This has helped cyanoacrylate polymers to retain strong market share in the health care sector.
- Technological advancements in improving non-toxicity are driving the demand for cyanoacrylate polymers
Cyanoacrylate Polymers Market: By Region
- In terms of region, the global cyanoacrylate polymers market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific accounted for the major share of the global cyanoacrylate polymers market in 2020 owing to the high demand for cyanoacrylate polymers in countries such as China, Japan, and India in the region
- Demand for cyanoacrylate polymers in Asia Pacific is majorly driven by expanding industries such as plastics in China and India
- Increase in demand for cyanoacrylate polymers in medical applications such as surgeries and dental care is likely to boost the cyanoacrylate polymers market in Asia Pacific. Health care and electronics sector in China and Japan have witnessed significant growth in the last few years. This is also driving the cyanoacrylate polymers market in Asia Pacific.
Key Manufacturers Operating in Global Cyanoacrylate Polymers Market
Key manufacturers operating in the global cyanoacrylate polymers market include:
- Henkel
- 3M
- Arkema
- Pidilite Industries Ltd
- Dow
- Master Bond Inc.
- Adhesive System Inc.
- Permabond LLC
- Benson Polymers Limited
- Tong Shen Enterprise Co. Ltd
Global Cyanoacrylate Polymers Market: Research Scope
Global Cyanoacrylate Polymers, by Type
- Ethyl
- Methyl
- Butyl
- Alkoxy
- Others
Global Cyanoacrylate Polymers Market, by End-use
- Transportation
- Health Care
- Electronics
- Consumer Goods
- Others
Global Cyanoacrylate Polymers Market, by Region
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
Cyanoacrylate Polymers: Introduction
- Cyanoacrylate polymers are derived from cyanoacrylate and related esters. The cyanoacrylate group in the monomer rapidly polymerizes in the presence of water to form long, strong chains.
- Cyanoacrylate polymers are used in various industries for their strength and durability. They have the ability to bond different materials such as plastics, metals, and elastomers, which are used in automobiles, aerospace & defense, furniture, machinery, consumer goods, and many other end-use industrial segments.
- Cyanoacrylate polymers are generically known as superglues
