Press release
At 6.3 % CAGR, Metal Bonding Adhesives Market to cross $20 bn by 2025 | Henkel, H.B. Fuller, Ashland, Arkema, Evonik, 3M, Sika, Huntsman Corporation, Solvay, LORD Corporation, BASF
Metal Bonding Adhesives Market
Metal Bonding Adhesives Market in automobile & transportation segment will capture over 25% of the metal bonding adhesive 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.
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It was estimated that in 2016, the global syringes industry size exceeded USD 10.56 billion and could grow beyond USD 16.90 billion by 2021, indicating lucrative prospects for the metal bonding adhesives market over the coming years. The utilization of these composites can be anticipated to surge from the increased deployment of other medical devices and instruments over the forecast timespan, as the expenditure on healthcare services rises.
WHO has predicted that the proportion of geriatric population will go up to nearly 22% by 2050 as compared to 12% in 2015. A major chunk of this population will be living in developed economies and would lead to increasing occurrence of chronic diseases such as cancer, diabetes, heart disorders as well as orthopedic ailments.
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
Browse key industry insights from the report, “Metal bonding adhesive Market” in detail along with the table of contents:
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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 adhesive market share over the forecast timespan. In addition, the improvement in infrastructure conditions in the BRICS nations will subsequently boost the metal bonding adhesive 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
A crucial strategy adopted by prominent industry participants for ensuring they hold a substantial market share is to develop and bring to market new products that satisfy various industrial needs and standards. For instance, Lord, which is a major player in the metal bonding adhesives market, recently unveiled two new products called, Lord 852 / 25GB and Lord Fusor 2001/2003 NG, at a renowned trade fair.
The first product was introduced as an acrylic-based adhesive ideal for both composites and metal application, with the company claiming it to have the best performance among its entire portfolio. The Lord Fusor 2001/2003 NG is based on polyurethane and though it exhibits the same open time as most PU adhesives, though it is mainly designed for use in automobiles. To elaborate, the product reduces handling time to 45 minutes from the usual 2 hours 30 minutes, providing 25% more productivity.
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With over 40% of the industry share, epoxy-based metal bonding adhesive 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 adhesive 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).
Metal Bonding Adhesive Market, Resin By End-user
o Epoxy based
o Polyurethane based
o Acrylic based
o Others
• Automobile & transportation
• Aerospace & defense
• Electronics & consumer appliances
• Medical & Pharma
• Industrial assembly
• Others
Metal Bonding Adhesive Market, By End-user
• Automobile & transportation
• Aerospace & defense
• Electronics & consumer appliances
• Medical & Pharma
• Industrial assembly
• Others
Global metal bonding adhesive 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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