Metal Bonding Adhesives Market Projected To Show Strong Growth By 2024 | Top Key players Solvay, 3M, Sika, DowDuPont,Arkema, Evonik, H.B. Fuller, Ashland, Huntsman Corporation, DELO Industrial Adhesives, BASF, Henkel, LORD Corporation

Asia pacific will hold the maximum share of around 40% in the metal bonding adhesives market by the end of forecast period. Rising demand for infrastructural spaces and growing electronic equipment production in China, Taiwan, South Korea and Japan will lead adhesives market during the forecast period.Metal Bonding Adhesive Market will surpass USD 6 billion by 2025; according to a new research report.

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Metal Bonding Adhesives Market Based on volume, North America driven by U.S. will exhibit growth with a CAGR of over 6%. The regional epoxy-based metal bonding adhesive 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.

The automotive & transportation end-use segment will capture a significant share of over 25% of the global metal bonding adhesives market in 2025. The aerospace & defense segment revenue will capture a market share of over 15% by the end of forecast spell and will grow with a CAGR of close to 6% during the forecast timeframe. Rising applicability of metal bonding adhesives in aerospace industry is fostered by its, resistance to cyclic fatigue, low outgassing, exceptional compressive strength to similar and dissimilar substrates such as composites, stainless steel, aluminum, and titanium.

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

Technically, surgical instruments, imaging equipment, implantable devices are some applications in the medical segment that require the use of specific adhesive composites. Manufacturing medical devices that are reusable also pose challenges for engineers in terms of selecting the appropriate materials and adhesives. The metal bonding adhesives industry has allowed manufacturers to deliver instruments that are more reliable, durable and can withstand different conditions, invariably enhancing their performance. Needle bonding and assembling syringes are two key application areas for these composites, to provide products that can survive high withdrawal forces. The instruments are used everywhere from laboratories, ER and health clinics to surgeries in operating theaters.

Metal Bonding Adhesive Market, Resin By End-user

o Epoxy based
o Polyurethane based
o Acrylic based
o Others

Metal Bonding Adhesive Market, By End-user
• Automobile & transportation
• Aerospace & defense
• Electronics & consumer appliances
• Medical & Pharma
• Industrial assembly
• Others

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.

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With more cases of chronic diseases reported around the world, the healthcare system in all the regions will undergo immense proliferation and generate a need for more surgical instruments like knives and scalpels. Shifting trends in the medical segment will further alter the demand for these products, including inpatient and outpatient services. Outpatient surgeries are projected to witness about 11% growth rate up to 2022, indicating a consistent need for reliable precision instruments and the significance of the metal bonding adhesives market. Development of additional healthcare services such as biomaterial storage banks will also support the metal bonding adhesives industry growth, as cryogenic equipment also require these composites for withstanding extreme low temperatures.

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.

Browse key industry insights from the report, “Metal bonding adhesive Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/metal-bonding-adhesives-market

Other leading companies in the metal bonding adhesives market, including DowDuPont Inc., 3M Company, BASF SE, Evonik Industries, Arkema Group and Permabond LLC would also be looking to bring advanced products for their customers in the automotive, medical and industry segments. Owing to the extensive dependability by various end-user domains, the metal bonding adhesive market is estimated to grow with an appreciable CAGR from 2018 to 2025 globally.

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