The Metal Bonding Adhesives Marketwas valued at USD 5.30 Billion in 2015 and is projected to reach USD 7.70 Billion by 2021, at a CAGR of 6.5% from 2016 to 2021.
Growth of the metal bonding adhesives market is propelled by the
increasing adoption of metal bonding adhesives for automotive and industrial
applications. Stringent government regulations to enhance fuel economy are
further anticipated to boost the growth of the market.
The Asia-Pacific region was the largest regional segment of the metal
bonding adhesives, market, in terms of value and volume, in 2015. Industrial
growth in countries such as India, Vietnam, Indonesia, and Thailand, and
increased investments in chemicals, petrochemicals, oil & gas, and food
& beverages industries are key factors driving the growth of the
Asia-Pacific metal bonding adhesives market.
Henkel AG & Co. KGaA (Germany), H.B. Fuller
(U.S.), The 3M Company (U.S.), Sika AG (Switzerland), The Dow Chemical Company
(U.S.), Arkema S.A. (France.), Solvay S.A., (Belgium), LORD Corporation (U.S.),
DELO IndustrieKlebstoffe GmbH & Co. KGaA (Germany), and Parson Adhesives,
Inc. (U.S.) are key players operating in the metal bonding adhesives market.
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Epoxy-based Metal Bonding Adhesives: The largest
resin type segment of the metal bonding adhesives market
The epoxy-based metal bonding adhesives segment is the largest
resin type segment of the metal bonding adhesives market, followed by the
acrylic-based metal bonding adhesives segment. Epoxy-based adhesives are widely
preferred for metal bonding, owing to their durability, high strength,
temperature resistance, and excellent depth of cure. These adhesives are also
known as Crash Durable Adhesives (CDA), as they encompass superior bonding
properties resulting into improved crash resistance. Hence, epoxy-based metal
bonding adhesives are widely preferred in manufacturing lightweight automotive
parts.
Automotive & Transportation: The largest
application segment of the metal bonding adhesives market
The automotive & transportation segment is the largest
application segment of the metal bonding adhesives market. Metal bonding
adhesives are extensively used in the automotive & transportation industry.
These are widely used by Original Equipment Manufacturers (OEMs) for automotive
exteriors and panel bonding. Metal bonding adhesives are also used for bonding
body panels of buses and trucks. The industrial application is the
second-largest application segment of the metal bonding adhesives market.
Metal bonding adhesives are used in industrial
applications as an alternative to traditional bonding methods for heat
treatment and fastening. Metal bonding adhesives are widely used in industrial
applications, including ultracentrifuge rotors, machinery base plates, cooling
water pumps, reaction injecting molding machines, cooling water pumps, and
industrial pumps. These adhesives are utilized by the healthcare industry for
bonding applications in dialysis machines, filters, needle bonding, and X-ray
& imaging equipment. Metal-to-metal bonding applications in the construction
industry, such as scrapers and trenchers are considered under the industrial
segment.
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