Global 2-Octyl Cyanoacrylate Adhesive Market Report, History and Forecast 2013-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application

This report studies the 2-Octyl Cyanoacrylate Adhesive market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

2-Octyl cyanoacrylate adhesives are super strong adhesives which are categorized as wound glue or tissue glue. Cyanoacrylate is the generic name of a family of super strong glues that are capable of joining any type of surfaces instantly. Cyanoacrylate based adhesives are extensively used in many applications including industrial, medical and domestic applications. 2-Octyl cyanoacrylate however is mainly used in medical, veterinary and first aid applications. Cyanoacrylates have a property by virtue of which they solidify rapidly on contact with weak bases such as water and blood and are used for endoscopic applications.

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In global market, the production of 2-Octyl Cyanoacrylate Adhesive increases from 12008 K Units in 2011 to 15618 K Units in 2015, at a CAGR of more than 6.79%. In 2015, the global 2-Octyl Cyanoacrylate Adhesive market is led by North America, capturing about 41.86% of global 2-Octyl Cyanoacrylate Adhesive production. Europe is the second-largest region-wise market with 30.35% global production share. At present, the major manufacturers of 2-Octyl Cyanoacrylate Adhesive are concentrated in Ethicon, Zoetis Inc, Chemence Medical, GluStitch Inc, Advanced Medical Solutions and 3M.

North America was the largest regional market for 2-Octyl Cyanoacrylate Adhesive, with revenue exceeding USD 101 Million in 2015. It is further expected to grow due to surgical procedures and treatment. In addition, Europe is also expected to witness fastest growth, at an estimated CAGR of 8.93% from 2011 to 2025.

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In application, the market for 2-Octyl cyanoacrylate adhesives is driven by its application in surgery operation, orthopedic operation and veterinary application. Globally, the 2-Octyl Cyanoacrylate Adhesive market is mainly driven by growing demand for surgery operation which accounts for nearly 52.59% of total downstream consumption of 2-Octyl Cyanoacrylate Adhesive in global in 2015.

According to our research and analysis, manufacturers from USA and Europe are the major leaders in the international market of 2-Octyl Cyanoacrylate Adhesive. Manufacturers from China are immature in technology. There is large space in the China market, as well as big gap between international brands and local brands on price. With the development of Chinese 2-Octyl Cyanoacrylate Adhesive production technology, their share in the global market is increasing, and competitiveness in the global market gradually increases.

In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, 2-Octyl Cyanoacrylate Adhesive production will show a trend of steady growth. In 2022 the production of 2-Octyl Cyanoacrylate Adhesive is estimated to be 24910 K Units. On product prices, the slow downward trend in recent years will maintain in the future.

The global 2-Octyl Cyanoacrylate Adhesive market was 250 million US$ in 2017 and is expected to 390 million US$ by the end of 2025, growing at a CAGR of 5.6% between 2018 and 2025.

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