DUBLIN--(BUSINESS WIRE)--Sep 4, 2018--The "North America Cyanoacrylate Adhesive Market - Segmented by Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The North American market for cyanoacrylate adhesives is expected to register significant growth during the forecast period (2018-2023). This tremendous growth is significantly driven by the rapidly growing automotive industry.

Rapidly Growing Automotive & Furniture Industry in Mexico Driving the Market

Mexico, one of the developing economies in the world, is experiencing growth in the furniture and automotive industries. The country witnessed growth in furniture production and exports. The country is experiencing double-digit growth in the furniture production. Moreover, automotive production also witnessed y-o-y growth of 13% in 2017. This will also contribute to the market for contact adhesives during the forecast period.

Furniture Industry to Show Growth

Cyanoacrylate adhesives, owing to their characteristics and physical properties, are used in furniture made from wood, in millwork, doors, cabinetry made from wood, and laminated countertops, among others. The demand for furniture in North America is increasing due to the growth in residential and commercial construction. Moreover, there is increasing demand for rental furniture in the United States, also contributing to the demand for cyanoacrylate adhesives in the region.

United States to Provide Significant Market Growth

In 2017, the United States accounted for the largest share of the cyanoacrylate adhesives market. The market demand for cyanoacrylate is majorly driven by continuous growth in the furniture and electronics industry. The increasing usage in medical applications such as dental and surgical processes and rising demand from the footwear and leather industries will offer numerous opportunities for the growth of the North American cyanoacrylate adhesives market.

Notable Market Development

The acquisition of Cyberbond helped the global adhesives manufacturer, H.B. Fuller to quickly become a leader in the Cyanoacrylate Adhesives (CA) technology market.

Company Profiles

3M Co. Arkema Group (Bostik SA) American Chemical Inc. Adhesive Technologies Inc. (AdTech) Benson Polymers Limited Chemence Ltd. DELO Industrial Adhesives Dow Corning Corporation (DowDuPont) Dymax Franklin International H.B. Fuller Co. Henkel AG & Co. KGaA ITW Performance Polymers (Illinois Tool Works Inc.) Jowat AG Mapei SpA Master Bond Pidilite Industries Ltd. Sika AG Super Glue Corp. Tesa SE (A Beiersdorf Company)

For more information about this report visit https://www.researchandmarkets.com/research/j9h4bw/the_north?w=4

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Related Topics:Surfactants,Construction Adhesives,Acrylic Adhesives



SOURCE: Research and Markets

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PUB: 09/04/2018 05:06 PM/DISC: 09/04/2018 05:06 PM