Global 2-Octyl Cyanoacrylate Adhesive Market Insights, Forecast to 2025
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.
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 is valued at 250 million US$ in 2018 and will reach 390 million US$ by the end of 2025, growing at a CAGR of 5.6% during 2019-2025. The objectives of this study are to define, segment, and project the size of the 2-Octyl Cyanoacrylate Adhesive market based on company, product type, end user and key regions.
This report studies the global market size of 2-Octyl Cyanoacrylate Adhesive in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of 2-Octyl Cyanoacrylate Adhesive in these regions.
This research report categorizes the global 2-Octyl Cyanoacrylate Adhesive market by top players/brands, region, type and end user. This report also studies the global 2-Octyl Cyanoacrylate Adhesive market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Advanced Medical Solutions
Compont Medical Devices
Market size by Product
Market size by End User
Market size by Region
Central & South America
Rest of Central & South America
Middle East & Africa
The study objectives of this report are:
To study and analyze the global 2-Octyl Cyanoacrylate Adhesive market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of 2-Octyl Cyanoacrylate Adhesive market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global 2-Octyl Cyanoacrylate Adhesive companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of 2-Octyl Cyanoacrylate Adhesive submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of 2-Octyl Cyanoacrylate Adhesive are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of 2-Octyl Cyanoacrylate Adhesive market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.