Global Metal Bonding Adhesives Market Size By Resin Type (Acrylic, Epoxy, Silicone), By Application (Automotive And Transportation, Industrial, Appliances), By Geographic Scope And Forecast
Report ID: 247630|No. of Pages: 202
Global Metal Bonding Adhesives Market Size By Resin Type (Acrylic, Epoxy, Silicone), By Application (Automotive And Transportation, Industrial, Appliances), By Geographic Scope And Forecast
Metal Bonding Adhesives Market Size And Forecast
Metal Bonding Adhesives Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2022 to 2030.
The Metal Bonding Adhesives Market is primarily driven by its growing applications ranging from design and production to repair, maintenance, and field service. These compounds come in different viscosities, chemical resistance, electrical properties, curing times, colors, etc. It has properties such as abrasion resistance, vibration resistance, dimensional stability, thermal conductivity, low shrinkage, low outgassing, and low coefficient of expansion. Recent developments in the automotive industry, new uses for adhesives to economically replace mechanical fasteners such as welding, soldering, or riveting, and many other trends will fuel the growth of the market.
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Global Metal Bonding Adhesives Market Definition
Metal bonding adhesives are defined as substances with a high power of becoming a member of the substances that are used to connect metallic substrates together. They form simple bonds between the two substrates and are attributed to mechanical and temperature resistance. Metal bonding adhesives evenly distribute the strain across the entire floor area, lowering the strain in a single location. Adhesives and sealants are primarily used for bonding drywall, tile applications, bathroom floors, ceiling applications, wall accessories, and paneling applications in the construction industry. Hence the rapid growth of the construction industry, especially in developing countries
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Global Metal Bonding Adhesives Market Overview
In these reports, the rise in demand for automotive, transportation, and industrial applications is expected to drive the growth of the Metal Bonding Adhesives Market during the forecast period. Furthermore, the increased demand for metal-bonding adhesives in several developing countries is expected to propel the Metal Bonding Adhesives Market forward. On the other hand, the fluctuation in raw material costs and the economic slowdown are currently influencing the sales of metal bonding adhesives, which is expected to impede the growth of the Metal Bonding Adhesives Market over the forecast period.
Moreover, the increased demand for lightweight and low-carbon-emitting vehicles, as well as the increased demand for low Voc, green, and sustainable metal bonding adhesives, will provide potential opportunities for the Metal Bonding Adhesives Market growth in the coming years. However, in the near future, the strict and time-consuming governing policies may pose a further challenge to the growth of the Metal Bonding Adhesives Market and are expected to drive the market even further.
Global Metal Bonding Adhesives Market: Segmentation Analysis
The Global Metal Bonding Adhesives Market is Segmented on the basis of Resin Type, Application, and Geography.
Metal Bonding Adhesives Market, By Resin Type
- Acrylic
- Epoxy
- Silicone
- Others
Based on Resin Type, the market is segmented into Acrylic, Epoxy, Silicone, and Others. The epoxy segment is widely used in automotive, optical, medical, chemical processing, electronics, and other industries. The product is also used in the aerospace industry for the repair and assembly of satellites, solar systems and panels, honeycomb and connection parts, rotor blades, and braking systems. As a result, epoxy-based products are widely used in the manufacture of durable, lightweight components and increasing the market growth of the market globally.
Metal Bonding Adhesives Market, By Application
- Automotive & Transportation
- Industrial
- Appliances
- Others
Based on Application, the market is segmented into Automotive & Transportation, Industrial, Appliances, and Others. Metal bonding adhesives are increasingly being used in the industrial sector. These are primarily used to bond steel, aluminum, and other metals together in order to reduce the number of welds required in the fabrication of metal structures. This is primarily because adhesive systems provide better structural support than welding methods, which is driving the market growth and increasing the market globally.
Metal Bonding Adhesives Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on Geography, the Global Metal Bonding Adhesives Market is organized into North America, Europe, Asia Pacific, and the Rest of the world. Because of the rise in automotive production, Asia Pacific now dominates the market. Furthermore, the increased production of passenger cars will drive the growth of the region’s market during the forecast period. Because of consistent investment, North America is expected to see significant growth in the Metal Bonding Adhesives Market. Furthermore, the rise in automotive manufacturing is expected to drive the growth of the region’s market in the coming years.
Key Players
The “Global Metal Bonding Adhesives Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Henkel AG & Co, KGaA, H.B. Fuller, The 3M Company, Sika AG, The Dow Chemical Company, Akrema S.A., Solvay S.A., LORD Corporation, Parson Adhesives., FTE Automotive GmBH
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
- In January 2022, Henkel intends to merge Laundry & Home Care, and Beauty Care to form a new “Consumer Brands” business unit.
- In January 2022, The acquisition of Exalead is yet another step toward accelerating innovation in Merck KGaA’s Process Solutions business unit.
- In Feb 2022, H.B. Fuller Company announced the acquisition of Fourny NV of Belgium, a well-known provider of construction adhesives in technologies focused on commercial roofing, construction, and other private-label industrial specialties
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2018-2030 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Period | 2018-2020 |
| Key Companies Profiled | Henkel AG & Co, KGaA, H.B. Fuller, The 3M Company, Sika AG, The Dow Chemical Company, Akrema S.A., Solvay S.A. |
| Segments Covered |
|
| Customization Scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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Data Collection Matrix
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Industry Analysis Matrix
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