Super Glue Market Report Overview
-
Request a Free Sample to learn more about this report
global super glue market size was USD 344.29 million in 2021 and market is projected to touch USD 460.14 million by 2032 at CAGR 2.67% during the forecast period.
The growth of the super glue market can be attributed to several key factors driving an increased demand for this adhesive solution. Firstly, the rising trend of do-it-yourself (DIY) projects has significantly contributed to the surge in demand for super glue. With more individuals engaging in home improvement tasks and repairs, the versatility and effectiveness of super glue make it a go-to choice for bonding various materials.
Secondly, the construction industry's expansion plays a pivotal role in boosting the market. Super glue finds extensive application in construction activities, including bonding drywall, sealing gaps, and installing fixtures. The growth of infrastructure projects and building construction projects worldwide fuels the demand for the product.
COVID-19 Impact: Demand Surged Due to Consumer’s Heightened Focus on DIY Projects
The COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
With people spending more time at home, a heightened focus on DIY projects led to a notable demand for superglue as a versatile solution for fixing broken items and completing various household projects. Concurrently, limitations on calling in professionals for home repairs during the pandemic prompted individuals to turn to superglue for addressing minor issues, contributing significantly to the market's demand. Additionally, the shift in consumer behavior towards online shopping further amplified the positive trend. With apprehensions about in-person store visits, online retailers of superglue experienced increased patronage as consumers preferred the convenience of purchasing such household essentials along with other items online, further contributing to the surging demand of the superglue market during the pandemic.
Latest Trends
"Incorporation of Nanomaterials into Formulations to Enhance Adhesion Strength"
The latest trend in the super glue market revolves around the incorporation of nanomaterials into formulations, heralding a transformative era for adhesives. Nanoparticles, with size-dependent properties, are crucial in enhancing adhesion strength, durability, and flexibility. These materials infiltrate microscopic crevices, creating a robust mechanical interlock and modifying surface chemistry for improved chemical bonding.
In terms of durability, nanomaterial-reinforced superglues show resilience against environmental factors like moisture, temperature fluctuations, and mechanical stress. Nanoparticles act as reinforcing agents, preventing cracks and fractures. Their inherent hardness and wear resistance contribute to overall durability. This durability is crucial for applications where longevity and resistance to external factors are paramount.
The incorporation of nanomaterials also imparts enhanced flexibility to superglues. Acting as plasticizers, nanoparticles increase chain mobility within the glue matrix. This added flexibility is vital for applications requiring both strong adhesion and the ability to withstand deformation. It becomes particularly significant in scenarios involving materials with varying thermal expansion coefficients or dynamic loading conditions.
Super Glue Market Segmentation
-
Request a Free Sample to learn more about this report
- By Type Analysis
Based on type, the global market can be categorized into online sales and offline sales.
Online sales segment: Online sales in the superglue market have witnessed significant prominence, driven by the widespread adoption of e-commerce platforms. The convenience offered by online channels allows consumers easy access to a diverse range of adhesive products.
Offline sales segment: The offline sales segment in the superglue market remains essential, catering to consumers who prefer traditional retail channels and in-person shopping experiences. Despite the surge in online sales, offline channels continue to play a vital role in providing a tangible shopping environment.
- By Application Analysis
Based on application, the global market can be categorized into retail (household) and industrial/commercial.
Retail (household) segment: The retail segment, with a focus on household usage, stands as a major driver for the superglue market. This segment is particularly fueled by the increasing trend of do-it-yourself (DIY) projects among consumers.
Industrial/commercial segment: The industrial and commercial segment encompasses applications in construction and manufacturing, playing a vital role in driving the overall demand for superglue. This segment caters to diverse industries where strong and durable bonding is crucial.
Driving Factors
"Rising Demand for DIY Projects to Fuel Market Growth"
The rising demand for DIY projects has been a significant driver for the super glue market growth. With more people spending time at home and engaging in activities such as repairing broken items or home improvement projects, the need for reliable adhesives like superglue has surged. Superglue's versatility in bonding various materials, including plastic, metal, and wood, makes it an essential tool for DIY enthusiasts.
"Infrastructure and Construction Industry Growth to Amplify Market Expansion"
The growth of the construction industry is another driving force for the superglue market. Super glue finds applications in various construction activities, such as bonding drywall, sealing gaps, and installing fixtures. The ongoing infrastructure development and construction projects globally contribute to the sustained demand for superglue in the industry
Restraining Factor
"Limited Durability and Longevity of Adhesive to Limit Product Demand"
Despite its versatility, one of the challenges facing the superglue market is the limited durability and longevity of the adhesive. Super glue may not be as durable as alternative bonding solutions in certain applications. As a result, users seeking long-term solutions may explore alternatives, impacting the market's growth to some extent.
Super Glue Market Regional Insights
-
Request a Free Sample to learn more about this report
"Asia Pacific to Lead the Global Market Due to Region’s Escalating Construction Projects"
The market is primarily segregated into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.
The Asia Pacific region emerges prominently as a growth hub for the market, and it is anticipated to hold a substantial super glue market share in the projection period. Its dominance is fueled by robust manufacturing activities, ongoing construction projects, and a rising trend in do-it-yourself (DIY) culture. Notably, the region hosts the headquarters of several key market players, which significantly contributes to the market's dynamics and expansion.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Aron Alpha (Toagosei) (Japan)
- 3M (U.S.)
- Palm Labs Adhesives (U.S.)
- Cyberbond (U.S.)
- JB Weld (U.S.)
- Devcon (ITW) (U.S.)
- Krazy Glue (U.S.)
- Gorilla Glue Company (U.S.)
- Adhesive Systems (ASI) (U.S.)
- Parson Adhesives (U.S.)
- Loctite (Henkel) (Germany)
- Chemence (U.S.)
- Heartland Adhesives (U.S.)
INDUSTRIAL DEVELOPMENT
October 2023: Henkel, a global leader in adhesives, sealants, and surface treatments, announced the launch of its new LOCTITE Super Glue Power Flex Extra Tough. This innovative product, formulated with a unique blend of cyanoacrylates and reinforcing agents, aims to provide superior strength compared to traditional superglues. Such advancements demonstrate the commitment of industry leaders to meet evolving market demands.
Report Coverage
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 344.29 Million in 2021 |
Market Size Value By |
US$ 460.14 Million by 2032 |
Growth Rate |
CAGR of 2.67% from 2021 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What is the expected value of the global super glue market by 2032?
The global super glue market is anticipated to reach USD 460.14 million by 2032.
-
What CAGR is the super glue market expected to exhibit by 2032?
The super glue market is projected to exhibit a CAGR of 2.67% by 2032.
-
What are the key driving factors for the super glue market?
The key driving factors include the rising demand for DIY projects and the growth of the construction industry.
-
What are the key segments in the super glue market?
The key Super Glue market segments include type (online sales, offline sales) and application (retail (household), industrial/commercial).