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Global 2-Octyl Cyanoacrylate Adhesive Market Growth 2019-2024

Global 2-Octyl Cyanoacrylate Adhesive Market Growth 2019-2024

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Global 2-Octyl Cyanoacrylate Adhesive Market Growth 2019-2024
Global 2-Octyl Cyanoacrylate Adhesive Market...
Report Code
RO1/109/1628

Publish Date
13/Feb/2019

Pages
167
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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.
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.


According to this study, over the next five years the 2-Octyl Cyanoacrylate Adhesive market will register a 5.7% CAGR in terms of revenue, the global market size will reach USD 350 million by 2024, from USD 250 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in 2-Octyl Cyanoacrylate Adhesive business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of 2-Octyl Cyanoacrylate Adhesive market by product type, application, key manufacturers and key regions and countries.

This study considers the 2-Octyl Cyanoacrylate Adhesive value and volume generated from the sales of the following segments-

Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Human Use
Veterinary Use
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Surgery Operation
Orthopedic Operation
Veterinary Application
Others

This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Ethicon
Zoetis Inc
Chemence Medical
GluStitch Inc
Advanced Medical Solutions
3M
Aesculap (B.Braun)
Millpledge Pharmaceuticals
Meyer-Haake
Medline
Cohera Medical
Adhezion Biomedical
Compont Medical Devices
Cartell Chemical
Fuaile Tech

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global 2-Octyl Cyanoacrylate Adhesive consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of 2-Octyl Cyanoacrylate Adhesive market by identifying its various subsegments.
Focuses on the key global 2-Octyl Cyanoacrylate Adhesive manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the 2-Octyl Cyanoacrylate Adhesive with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of 2-Octyl Cyanoacrylate Adhesive submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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