Curing adhesives are agents used in bonding separate components made from metal, glass, or plastic. Methods used by curing adhesives to join discrete parts turn the liquid to solid by hardening the object and obtaining the desired cure. Major applications include electronics and electrical, woodworking, medical, automotive, and medical. Development of instant curing adhesives has improved the bonding time and production cycle of various processes in automotive and electronics sectors.
Increased Focus on Curing Speed of Adhesives
Types of curing adhesives include thermal cure, ultraviolet (UV) cure, and moisture cure. The moisture cure adhesive segment was valued at USD 3.96 billion in 2016 on account of its high use in construction and automotive sectors. It prevents corrosion of metals by absorbing the moisture in the air and made from urethane polymers. The demand for lightweight automotive components is expected to benefit moisture curing adhesive manufacturers. It can be used to connect fiber strengthened composite parts and create compact vehicle structures that provide superior performance.
The UV cure adhesive segment is expected to expand at a CAGR exceeding 6.4% from 2017 to 2025 due to its application of metal bonding in automotive and electronics sectors. The electromagnetic waves emitted by UV lights can eliminate harmful bacteria. This is extremely beneficial for producing sterilized devices to be used in the medical sector. For instance, the Loctite UV adhesives by Henkel are suitable for producing glass and acrylic products.
Market Outlook
According to a report by Grand View Research, the global curing adhesives market is predicted to reach a valuation of USD 18.8 billion by 2025, growing at a 7.8% CAGR over the forecast period (2014-2025). Demand for curing adhesives from construction and automotive sector is expected to benefit market growth over the forecast period.
The inclusion of eco-friendly solutions to produce future adhesive formulas is anticipated to open up new avenues for growth for manufacturers. Volatile prices for raw materials or resins can hamper market growth. Key market players include Dow Corning, The 3M Company, H.B. Fuller, and Henkel Adhesives.
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