2-Octyl Cyanoacrylate Adhesive Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030 (Financial Impact Analysis)
ID : MRU_
23472 | Date :
Jan, 2023 | Pages :
180 | Region : Global |
Publisher : RI
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 2030.
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 touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
As the report focuses on global 2-Octyl Cyanoacrylate Adhesive Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
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 Market segmentation by geographical regions, the report has analyzed the following regions- North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Columbia etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Human Use
Veterinary Use In Market segmentation by applications :
Surgery Operation
Orthopedic Operation
Veterinary Application
Others
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the 2-Octyl Cyanoacrylate Adhesive Market for the forecast period 2023 - 2030?
• What are the driving forces in the 2-Octyl Cyanoacrylate Adhesive Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the 2-Octyl Cyanoacrylate Adhesive industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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