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Curing is a chemical process for polymer chemistry and process engineering which produces toughening or hardening of a polymer by cross-linking of the polymer chains. Adhesive is a non metallic substance which is applied to surfaces of two different items that binds them together. Curing are ususally done with or without additives. Curing adhesives have various application industries such as automotive and construction industries. The capability of curative agents for bonding of various substances such as fiber, glass, metals, wood, are used in automobile spare parts, textile, and furniture applications. Increasing demand from these industries is expeted to spport the market growth for curing adhesives.
The market for curing adhesives is driven by the rising demand from the automotive and cosntruction industries. Adhesives have major application during manufacturing of automobile, and glueing of building materials such as tiles, flooring, roof. Additionally, growing technological advancement, digitilasation, and increasing electronical dependence is expected to drive the market for curing adhesives.
Key Market Driver -
Rising demand from automotive and construction industries
Key Market Restraint -
High prices of raw materials
The market curing adhesives will be affected due to high prices of raw materials. Curing adhesives are made from polymers such as epoxy and polyurethane which have fluctuating prices, which is expected to have adverse impact on the curing adhesives market. Moreover, governmental regulations over environmental concerns also affect the market growth, thus restraining the market for curing adhesives.
Based on resin, the market for curing adhesives is segmented into epoxy, polyuretahne, acrylate, silicone, and others. Based on product, the market is segmented into UV curing adhesives, moisture curing adhesives, thermal curing adhesives, and others. Based on application, the market is segmented into automotive, construction, electrical & electronics, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global curing adhesives market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the curing adhesives market includes Henkel AG & Co., H.B. Fuller, Bostik SA, 3M Company, Dow Corning, Dymax Corporation, Jowat SE, and Tosoh, Arkema Group, Sika, and Others.
The curing adhesives market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-Pacific region dominates the curing adhesives market in terms of both consumption and production. The growing automotive and construction industries in growing economies such as China, India, and South Korea. New product launches is expected to support the market growth for consuctive polymers market. In North America and Europe, growing technological advancement in the region is augmenting the market growth.
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Growing dependence on electronics devices is driving the market for curing adhesives market. Moreover, the adoption of curing adhesives for application in the automotive industry industry is supporting the growth of the market in the region. The consumption of curing adhesives market is also increasing in Latin America and Middle East & Africa due to growing urbanisation and growing disposable income among the consumers to drive the market growth. Moreover, availability of raw materials and construction industry is further augmenting the market growth.
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