Spiralling demand for electronics and electric vehicles to drive the demand for instant adhesive market: Bonafide Research.

Cyanoacrylates are widely used in electronics and epoxy-based electric vehicles for their superior bonding properties. Epoxy-based adhesive adheres to many types of materials, has high strength, less volatile organic compounds (VOC) during the curing process, and has the ability to sustain heavy loads. Cyanoacrylates are used in electronics due to their flammable property.

The recent publication of Bonafide Research's "Global Instant Adhesive Market Outlook 2027" suggests that the market is expected to grow rapidly at a CAGR of 9.10% over the forecast period 2022-2027. Cyanoacrylate instant adhesives are dominant as they are widely used in various industries, while epoxy-based instant adhesives are projected to be in high demand over the forecast period. A conventional curing process is used to apply instant adhesives on various substrates. Electronics and consumer applications have the highest market share, with over 41% market share in 2021 and are expected to be in demand in future years. With increased application of instant adhesives, the electronics and transportation industries will drive future market growth. The United States leads the global instant adhesives market with nearly 21% market share in 2021, while the Asia-Pacific region leads the market.

Instant adhesives are used in electric vehicles to bond battery boxes; encapsulating with expandable thermally conductive filler; bonding battery cells to casings; bonding and potting sensors; bonding magnets in electric motors; bonding doors, hoods, and trunk components; thread locking and retaining bolts, pins, and bearings; bonding interior dashboard and trim; sealing heat exchangers and forming gaskets. The advantages of adhesives for EVs include weight reduction, thermal conductivity, electrical insulation, friable adhesives, bonding composites, and the ability to bond low-surface-energy (LSE) plastics. As the EV market evolves and develops, adhesive manufacturers expand product lines and create new technologies to meet these needs. The drive to create vehicles with a more extensive range fuels this innovation. In both types of vehicles, adhesives offer many advantages, including ease of use compared to welding, environmental resistance, sealing, distributing stress, and joining dissimilar materials. Another area of adhesive technology growth is disassembly applications such as adhesive developments that drastically reduce the extremely high costs of battery recycling.

The rising need for automation and miniaturisation in the electronics industry and the growing effectiveness of instant adhesives at room temperature, with one-part catalyst-free formulation as well as high chemical resistance, is driving the market. This can be mainly associated with the application of instant adhesives that have fast curing and excellent bonding strength. Instant adhesives are strong and fast-acting adhesives with medical, industrial, and household applications. These adhesives are sometimes known as power glues, instant glues, or superglues. The growth of cyanoacrylate adhesives is expected to dominate the segment throughout the forecast period. The versatility of these adhesives makes them highly useful in all industries; for instance, in electronics for printed circuit board components and wires as well as for disposable plastic medical devices in medical technology. Light-cured cyanoacrylates are one of the newest and fastest growing adhesive technologies on the market. Light-cure CAs perform similarly to traditional instant adhesives, but have the added benefit of providing an instant, tack-free cure when exposed to UV or visible light, as they do not require the use of solvent-borne accelerators to speed the cure process. Thus, they overcome blooming and reduce stress cracking on sensitive substrates such as acrylics and polycarbonate.

APAC is the largest and fastest-growing market for instant adhesives. China is a major consumer in the region. Rapid industrialization, a shift in the manufacturing bases of end-use industries, and an increase in the number of applications of instant adhesives are some of the major drivers of the market in APAC. The North American and European markets are mature; however, the technological development of high-growth applications, including sporting goods and medical applications, in the regions is expected to drive the market at a considerably high rate during the forecast period.

Market Dynamics

Drivers
High Growth in the End-Use Industries of Asia-Pacific
Properties of Instant Adhesives Such as Fast Curing and Excellent Bonding Strength
Increasing Demand for Miniaturization and Automation in the Electronics Industry

Restraints
Durability of Instant Adhesives is Low
Too Costly Compared to Other Adhesives

Opportunities
Innovation in Green Adhesives Technology
Surging Demand in the Developing Nations

Challenges
Increasing Competition from the Chinese Market