Press release
Global Metal Bonding Adhesives Market Growth, Business 2024: Solvay, Henkel, Ashland, Arkema, Evonik, 3M, Sika, H.B. Fuller, Huntsman Corporation, LORD Corporation, BASF
Metal Bonding Adhesives Market
The rapid expansion of the aerospace, automobiles, industrial and medical sectors worldwide has reinforced the metal bonding adhesives market, with rising demand for efficient materials used in production, repair and maintenance of different products. Properties like thermal conductivity, dimensional stability and resistance to chemicals, vibration and abrasion have propagated the benefits of these composites.
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Continuous efforts by adhesive producers to develop new and improved products has fueled the growth of the metal bonding adhesives industry. These composites are commonly being used while manufacturing medical and pharmaceutical equipment, since they have to face difficult conditions and need to be highly reliable. Increasing demand for these equipment is thus certain to boost the global metal bonding adhesives market revenue.
Based on volume, automobile & transportation segment will capture over 25% of the metal bonding adhesives market share. The electronics & consumer appliances segment is said to poise over USD 1 billion by 2025.
The miniaturization trend and fusion prototype sighted in industrial and consumer goods might create an assembly confront. Adhesives are progressively substituting the application of mechanical fasteners for bonding elements that are unsuitable to reach where spaces are confined, cellular phones being a typical example.
Industry impact forces
1. Growth drivers
• Growth in automotive & transportation industry in APAC
• Steady growth in building restoration activities in North America & Europe
2. Industry pitfalls & challenges
• Volatility in Raw material prices
Metal Bonding Adhesives Market, Resin By End-user
o Epoxy based
o Polyurethane based
o Acrylic based
Metal Bonding Adhesives Market, By End-user
• Automobile & transportation
• Aerospace & defense
• Electronics & consumer appliances
• Medical & Pharma
• Industrial assembly
• Others
With over 40% of the industry share, epoxy-based metal bonding adhesives will foresee growth at a significant pace due to its huge acceptance in electronics and industrial solutions in fabricating test & measurement equipment, heat sink attachment and engine control modules.
The acrylic based metal bonding adhesives will account at over USD 1.5 billion by the end of 2025, owing to its rising usage in electronic controllers, cellular phones, antennas, industrial ovens. Acrylic adhesives are composed to have a good balance of tack, shear and peel. They can be adjusted for materials with low surface energy (LSE).
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Based on volume, North America driven by U.S. will exhibit growth with a CAGR of over 6%. The regional epoxy-based metal bonding adhesives market is said to capture over USD 450 million by the end of forecast spell. Moreover, huge expenditure in research & innovation and high technology medical equipment in U.S. will augment the market growth by 2025.
Browse key industry insights from the report, “Metal bonding adhesives Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/metal-bonding-adhesives-market
Further, stringent government rules and regulations towards enhancement of fuel economy will urge automobile manufacturers, including heavy commercial vehicle and Original Equipment Manufacturers to adopt bonding compounds that are nature-friendly, are some of the significant determinants which are likely to augment metal bonding adhesives market share over the forecast timespan. In addition, the improvement in infrastructure conditions in the BRICS nations will subsequently boost the metal bonding adhesives demand by 2025
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. BASF
2. Henkel
3. 3M
4. Sika
5. DowDuPont
6. H.B. Fuller
7. Ashland
8. Arkema
9. Evonik
10. Huntsman Corporation
11. Solvay
12. DELO Industrial Adhesives
13. LORD Corporation
14. Parson Adhesives, Inc.
15. Permabond Engineering Adhesives
Some of the crucial challenges of the global metal bonding adhesives market is their time-dependent strength, for the fixation of bonding and development of the entire product; however, the time required for the fixation can be reduced depending upon their application and its composition. Noise & vibration damping in mechanics of machinery and in the transportation and shipment sector has gained importance and contribute in creating new opportunities for metal bonding adhesive.
Global metal bonding adhesives market is intensely competitive due to existence of number of industry players as well as unorganized sector. Some crucial players in the industry are, Henkel, Arkema Group, BASF SE, LORD Corporation, Huntsman Corporation, H.B. Fuller, Evonik Industries, Ashland Inc., Parson Adhesives Inc, Permabond LLC.
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