What's Driving The Metal Bonding Adhesives Market Size? | Henkel, 3M, BASF, Arkema, Evonik, H.B. Fuller, Ashland, Huntsman Corporation, Solvay, DELO Industrial Adhesives, Sika, Dowdupont, LORD Corporation

Metal Bonding Adhesives Market will surpass USD 6 billion by 2025; according to a new research report.
A spurt in automobile production and growing infrastructure development has strengthen the growth of metals & mining sectors. In particular, the government thrust on infrastructure and industrial projects has given a rise in demand for steel, iron and other metals with consumption expected to grow at the rate of 5.7% YoY by 2018. This in turn has led to a growth in demand for value added steel. Sales statistics of automobile industry are poised to surpass 100 Million units by 2024. Growing population, modification in design of automotive equipment and development in transportation methods has a positive impact on industry growth. Modern use of adhesives to fasten light weight automotive components will likely drive product demand during the forecast timeframe.

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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. 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.


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.

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

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.

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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.

Other leading companies in the metal bonding adhesives industry, 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.

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

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