Cyanoacrylate Adhesives Industry - Technologies, Applications, Verticals, Strategies & Forecast 2030

 

The global cyanoacrylate adhesives market size was valued at USD 27.67 billion in 2023 and is projected to reach USD 40.19 billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030. The growth of this market is being fueled by the increasing use of cyanoacrylate adhesives in a wide range of industries, particularly in the automotive sector. These adhesives are highly valued for their strong bonding properties across multiple materials such as glass, metal, plastic, and painted surfaces. In the automotive industry, they are extensively used for assembling body interiors, electronic components, and engine systems, as well as for battery assembly in electric vehicles (EVs).

The rapid global adoption of electric vehicles has significantly boosted the demand for cyanoacrylate adhesives. EVs are being widely promoted due to their lower operational costs, reduced carbon footprint, and enhanced energy efficiency, which align with global sustainability goals. Additionally, government initiatives and regulatory standards aimed at curbing carbon emissions are playing a pivotal role in accelerating EV adoption. For instance, the European Union’s CO2 emission standards have contributed to a surge in electric vehicle production and sales, which in turn has positively influenced the demand for advanced adhesive solutions.

A major market trend is the increased emphasis on product development and innovation. Leading companies in the cyanoacrylate adhesives market are heavily investing in research and development (R&D) to enhance product performance and expand their application scope. One key area of innovation is the development of low-odor and low-blooming cyanoacrylate adhesives, which address common issues such as strong odors and the formation of white residue (blooming) typically associated with traditional formulations. These innovations are expected to improve user experience, safety, and product acceptance across different industries, including healthcare and consumer goods.

Key Market Trends & Insights:

  • Regional Insights: The Asia Pacific region dominated the cyanoacrylate adhesives market with a 41.0% share in 2023. The region’s growth is driven by expanding automotive production, robust electronics manufacturing, and growing demand from healthcare applications in countries like China, India, and Japan.
  • End-Use Industry: The healthcare segment accounted for the largest market share of 29.51% in 2023. The rising use of cyanoacrylate adhesives in medical applications such as wound closure, surgical incisions, dental procedures, and medical device assembly has significantly contributed to this growth. Their quick-setting and biocompatible nature make them highly suitable for critical healthcare applications.
  • Technology Insights: Based on technology, the reactive segment dominated the market with a revenue share of 79.75% in 2023. Reactive cyanoacrylate adhesives are particularly favored because they can be customized with additives like accelerators, hardeners, cross-linkers, and other modifiers to deliver enhanced bonding strength, durability, and resistance to environmental factors.

Order a free sample PDF of the Cyanoacrylate Adhesives Market Intelligence Study, published by Grand View Research.

Market Size & Forecast:

  • 2023 Market Size: USD 27.67 Billion
  • 2030 Projected Market Size: USD 40.19 Billion
  • CAGR (2024-2030): 5.5%
  • Asia Pacific: Largest market in 2023

Key Companies & Market Share Insights:

The market is moderately consolidated, with several global and regional players competing on the basis of product quality, innovation, and distribution networks.

  • Arkema SA: A global leader in specialty chemicals and advanced materials, headquartered in Colombes, France, with operations in over 55 countries. Arkema’s cyanoacrylate adhesives cater to a wide range of sectors including transportation, renewable energy, oil extraction, electronics, construction, coatings, and consumer goods.
  • 3M: One of the most established players in the adhesives market, 3M offers an extensive portfolio of products serving multiple industries, including automotive, healthcare, consumer goods, electronics, transportation, and industrial manufacturing. The company operates through four key segments Safety & Industrial, Healthcare, Transportation & Electronics, and Consumer which allows it to serve a diverse customer base with innovative adhesive solutions.

Other key players include H.B. Fuller Company, Henkel AG & Co. KGaA, Aica Kogyo Co. Ltd., Hubei Huitian New Materials Co. Ltd, Pidilite Industries Ltd., Illinois Tool Works Inc., NANPAO Resins Chemical Group, and Soudal Holding N.V.. These companies are focusing on strategies such as new product launches, capacity expansion, mergers and acquisitions, and regional market penetration to strengthen their market presence and cater to evolving customer demands.

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion:

The global cyanoacrylate adhesives market is poised for steady growth, driven by rising applications in the automotive, healthcare, and electronics industries, along with the rapid adoption of electric vehicles and supportive government regulations on emissions. Continuous R&D investments aimed at developing advanced formulations, such as low-odor and low-blooming adhesives, are expected to further expand market adoption. With Asia Pacific leading in share and healthcare emerging as a key end-use segment, major players like 3M, Arkema, and Henkel are focusing on innovation and expansion strategies to strengthen their global presence.

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