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Dual Cure Adhesives Market By Types (Acrylate Mixture Based, Epoxy Resins Based) By Applications (Metal, Plastic, Ceramic, Others) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

About this report

The global dual-cure adhesives market report explores the critical analysis of the industry using key parameters. The report consists of investment strategies, the need for investments in the dual-cure adhesives industry, and the multiple benefits for investors. Importantly, this report sets out major changes in the global technical regulations for the dual-cure adhesives industry and how economic and non-economic barriers are helping the market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses include Porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

REPORT ATTRIBUTE DETAILS

Dual Cure Adhesives Market by Volume

Yes

Dual Cure Adhesives Market by Value

Yes

Dual Cure Adhesives Market, Tornado Analysis

Yes

Dual Cure Adhesives Market, STAR Analysis

Yes

Dual Cure Adhesives Market, SRC Analysis

Yes

Dual Cure Adhesives Market, Import-Export Data

Yes (On Demand)

Dual Cure Adhesives Market Pricing Analysis

Yes (On Demand)

Dual Cure Adhesives Market Segment Analysis

By Types (Acrylate Mixture Based and Epoxy Resins Based)

By Applications (Metal, Plastic, Ceramic, and Others)

Dual Cure Adhesives Market, Regional Analysis

North America (the U.S. and Canada)

Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific)

Latin America (Brazil, Mexico, and the Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and the Rest of Middle East and Africa)

Dual Cure Adhesives Market Key Companies

Henkel Adhesive Technologies, Panacol-Elosol GmbH, Dymax, HB Fuller, DELO Industrial Adhesives, Addison Clear Wave, Permabond, Master Bond Inc, Hernon, and Silicone Solutions

Dual Cure Adhesives Market Competitive Landscape

Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

 

Key Highlights of the report

How are the major segments performing in the Dual Cure Adhesives Market?

  • In 2021, the epoxy resins-based types segment held the largest global market share due to fast-setting characteristics with a work-life range of 2 to 5 minutes that provide rigid bond lines.
  • In 2021, the ceramic segment led the market in terms of application in 2021 and is expected to continue over the projection period. Ceramic dual-cure adhesives are widely used in the pharmaceutical and healthcare industries, and various modern adhesives are used to assemble medical systems and devices.

Which region dominated the dual cure adhesives market?

North American region dominated the global dual-cure adhesives market in 2021 and is expected to maintain its dominance throughout the forecast period. Increasing construction projects, adoption of advanced technologies, and expanding industrial development are major factors driving market revenue growth in the region. Adoption in various industries has increased since these dual-cure adhesives are environmentally friendly as they do not emit harmful particles. Due to its biodegradability, epoxy resin is the most preferred resin for dual-curing adhesives. These drives sales of dual-curing adhesives, with several major manufacturers in the North American market.

How is US Market Performing in the Dual Cure Adhesives Market?

The market for dual-cure adhesives in the United States is expected to grow significantly during the forecast period due to rising demand for high-performance, cost-effective, and environmentally friendly adhesives. The United States, one of the world's largest automotive and textile industries, is expected to see an increase in demand for dual-cure adhesives. The textile industry in the United States is also constantly experimenting with developing new textile materials, like conductive fabric with antistatic qualities. Moreover, they are concentrating on developing electronic textiles that can track heart rate and other vital signs, antimicrobial fabrics, life-saving body armor, and climate-adaptive textiles. This is expected to create a favorable environment for the manufacturers of dual-cure adhesives.

What is the competitive environment of the dual cure adhesives market?

The dual-cure adhesives market is extremely competitive owing to the numerous multinational companies operating in the market and their extensive global distribution and procurement networks. Key companies are developing new products and forming alliances to diversify their product offerings and establish a solid footing in the global adhesives market. For instance, In July 2022, NAGASE Specialty Materials introduced Denamer 1220, a difunctional epoxy acrylate for dual cure adhesives listed on the TSCA. NAGASE Specialty Materials NA LLC manufactures the product in the United States, and is now commercially available. Similarly, Echsil launched a fluorescing orange UV-curing product designed for bonding plastics in January 2020. A transparent acrylic-based dual cure adhesive with strong bonding properties to plastics like PVC, P.C., ABS, and PMMA, as well as glass and stainless steel, is sold under Vitralit 7311 FO.

Executive Summary

What are all the technical developments in the dual-cure adhesives market?

Dual-curing adhesives are designed to adhere to various substrates in demanding applications. These adhesives are designed to have bonding, coating, and encapsulation properties and are the best choice for applications requiring resistance to thermal cycling under vibration, environmental exposure, or biocompatibility. Dual cure adhesives produce goods in numerous industrial sectors, including electronics, medicine, aerospace, glass, telecommunications, and optical. Dual cure technology has environmental benefits due to its zero-emission/low VOC. For instance, in September 2022, Henkel Adhesive Technologies introduced LOCTITE STYCAST OS 5101, a dual cure adhesive designed for optimal, precise optical lens and component alignment during the in-line assembly process in next-generation hyperscale and cloud data centers. The dual cure adhesive is the latest addition to the company's expanding portfolio of data center optics products. It is intended to provide high-precision alignment for optimum light transmission in high-speed optical transport network solutions.

dual-cure-adhesives-market

Which are the key investments by the dual cure adhesives market players?

Several developing countries are providing opportunities for the curing adhesives industry's overall growth. For example, countries like China and India are increasing their infrastructure projects investments. The Indian government plans to invest more than USD 1.4 trillion within the next five years, primary focus on developing smart cities. The dual-cure adhesives market is anticipated to grow more broadly owing to the expanding population and heavy construction sector investments over the forecast period. Moreover, major market participants also acquire or collaborate with raw material distributors and manufacturers to strengthen their global market presence. Some players prefer to trade within their region to reduce raw material procurement and operating costs. This also assists domestic companies in providing high-quality and cost-effective products to consumers, thereby maintaining dual-cure adhesives market competition. For instance, Arkema S.A announced plans to acquire Ashland's adhesives business for USD 1.65 billion in September 2021. The company's main products are Aroset acrylic pressure-sensitive dual-core adhesives for floor graphics and packaging labels and Isoset water-based polyurethane wood glues.

Some major dual-cure adhesives market players are Henkel Adhesive Technologies, Panacol-Elosol GmbH, Dymax, HB Fuller, DELO Industrial Adhesives, Addison Clear Wave, Permabond, Master Bond Inc, Hernon, and Silicone Solutions.

What are the Major Driving Factors for the Dual Cure Adhesives Market?

The growing use of high-performance bonding solutions in key end-use industries such as construction, automotive, and electronics is expected to drive growth in the dual-cure adhesives market over the forecast period. The ability of curative agents to bind different materials, such as fiber, glass, ceramic, and metals used in automobile spare parts, semiconductor, textile, and furniture applications, is likely to boost product demand in the upcoming years.

What are the Major Risks for the Dual Cure Adhesives Market?

High volatility in raw material prices and environmental impacts on petrochemical-based adhesives are anticipated to constrain market growth over the forecast period. The introduction of several regulatory regulations such as FEICA, REACH, Department of environmental protection regulations, and many others are regarded as major limitations on the growth of the dual cure adhesives market.

Which is the key application in the dual-cure adhesives market?

The ceramic application segment is anticipated to grow the fastest during the forecast period. The rising number of construction and building activities, growing demand for eco-friendly and cost-effective ceramic adhesives, rapid industrialization, and rising preference for new homes drive revenue growth in the ceramic dual-cure adhesives application market. The rising demand for ceramic adhesives in the commercial sector for strong and durable flooring is propelling the market forward. For instance, Biltrite introduced UltraCeramic, a 4 mm grouted engineered stone flooring option for commercial applications, in September 2021. Rising electronics and semiconductors demand also propels the segment market's expansion. For example, in May 2020, DELO created the DELO MONOPOX TC2270, a new electronic adhesive that is strong, electrically insulating, and thermally conductive. It is made of ceramic filler aluminum nitride, which has a very high thermal conductivity of around 1.7 W/(mK) and is comparable to silver-filled Isotropic Conductive Adhesives.

How is the dual cure adhesives market performing in regions?

Asia Pacific holds a dominant position in the dual-cure adhesives market, owing to governments' increasing emphasis on infrastructure development in countries such as China, India, and others. Rapid industrialization increased smart city projects, and population growth increased the demand for new homes. Besides, major market players are shifting their production plants to China owing to the accessibility of cheap labor, raw materials, expansion of existing facilities, and investments in new manufacturing facility infrastructure. For instance, Arkema purchased Shanghai Zhiguan Polymer Materials (PMP) in China on February 21, 2022, to improve its market share in the dual-cure adhesives sector.

Moreover, North America is anticipated to hold the largest revenue share in the global dual-cure adhesives market during the forecast period due to the region's emerging innovations and technological investment. The region's stringent regulatory framework concerning toxic chemical formulations in restorative bonding agents is expected to increase demand for dual-cure adhesives products throughout the forecast period. The United States and Canada contribute the highest revenue share towards this market in the region. The presence of major dual-cure adhesives manufacturers like H.B. Fuller Company, 3M, and others, increased emphasis on research and development (R&D) actions by key market players for the creation of novel products, ongoing growth in the real estate industry, and growing preference for environmentally friendly ceramic dual-cure adhesives are a few key factors boosting market revenue growth in the region.

What is the regulatory landscape for the dual cure adhesives market?

The reactive dual cure bonding agents have several characteristics that shield them from the external environment, including dust, moisture, and temperature, making them suitable for various industrial applications. Environmental and safety concerns and increased government regulations on the use and disposal of synthetic products are expected to aid in developing products containing less volatile organic compounds (VOC). The Environmental Protection Agency (EPA) of the United States has established guidelines for using clean formulations in the furniture surface coating industry. Government regulatory regulations, such as the EPA's Significant New Alternatives Policy (SNAP) and REACH, regarding the use of environmentally friendly products in the manufacturing process, are expected to present opportunities to global market participants.

What is the Market Size of the Dual Cure Adhesives value?

The global dual-cure adhesives market is anticipated to grow at a substantial CAGR of XX% in the upcoming years. The global dual-cure adhesives industry is estimated to be worth USD XX billion in 2021 and is expected to be worth USD XX billion by 2028.

What are the major players planning for the future of the dual-cure adhesives market?

Key market players are conducting research and development to launch products that will help them gain a significant global dual-cure adhesives market share. Major industry players have been developing specialized portfolios of bio-based products to reduce reliance on petroleum-derived products. These products have lower volatility than synthetic products and are more environmentally friendly as they are made from renewable chemicals. Major manufacturers, including Panacol-Elosol GmbH, Henkel Adhesive Technologies, and HB Fuller, plan to focus on bio-based product formulations.

Segmentation of Global Dual Cure Adhesives Market -

Global Dual Cure Adhesives Market – By Types

  • Acrylate Mixture Based
  • Epoxy Resins Based

Global Dual Cure Adhesives Market – By Applications

  • Metal
  • Plastic
  • Ceramic
  • Others

Global Dual Cure Adhesives Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Frequently asked questions about the global dual-cure adhesives market

The global dual-cure adhesives market also suffered from the COVID-19 pandemic, which resulted in a decline of over XX% in revenue generated in 2020.

Asia Pacific region accounted for the most heightened share in the global dual-cure adhesives market.

Most manufacturing companies prefer dual-curing adhesives to maximize industrial productivity. The increasing use of high-performance bonding solutions in major end-use industries like construction, automotive, and electronics is expected to propel the growth in the dual-cure adhesives market during the forecast period.

The epoxy resins-based segment had a major share in the global market in 2021.

The ceramic segment had a major share in the global market.

Dual Cure Adhesives Market Scope

Report Attribute Details
Market Value in 2021 USD XX billion
Market Value in 2028 USD XX billion
CAGR XX%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Nov 2022
Category:  Pharmaceuticals
Report ID:   60817
Report Format:   PDF
Pages:   120
Rating:    4.8 (30)
Delivery Time: 24 Hours to 48 Hours   
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