Metal Bonding Adhesives Market is predicted to reach USD 13297.4 million at a CAGR of 7.3% during the forecast period 2022-2030

Pune, India, Dec 2022 /MRFR Press Release/- Market research future published a Half cooked research report on Global Metal Bonding Adhesives Market.

Market Synopsis

Metal Bonding Adhesives Market share is likely to attain a global CAGR of 7.3% during the ongoing forecast period of 2022-2030. The global textile fabrics market was valued at USD 7184.5 million in 2021 and is projected to reach USD 13297.4 million by the end of 2030.

High-performance adhesives or glues that are typically used in carpentry or for specialized carved workings are metal bonding adhesives. Apart from that, they occasionally find use in costume and jewelry making applications. They are typically used in complex artwork and compositions. Cyanoacrylate is one of the most well-known adhesives on the market. This is one of the most well-known and well-established types of metal-bonding adhesives. They not only join metals together but also ensure that the joining remains strong for a long time.

Competitive Landscape

The presence of numerous international, national, and local vendors is what defines the global market for metal bonding adhesives. All of the players in the market are vying for market share, making it extremely competitive. Key obstacles to market expansion include fierce competition, quick technological advancements, frequent changes in governmental regulations, and environmental restrictions. Cost, product quality, dependability, and aftermarket support are the factors on which the vendors compete. In order to survive and thrive in a fiercely competitive market environment, vendors must offer high-quality, cost-effective adhesives. Evonik Industries AG, BASF SE, Sika AG, Henkel AG, Dow Chemicals, H.B. Fuller Company, 3M, Ashland, Arkema, and Huntsman International LLC are some of the major market.

Segmentation

By Application

• AUTOMOTIVE AND TRANSPORTATION: The automotive and transportation segment dominates the market for metal bonding adhesives. Adhesives for metal bonding are widely employed in the automotive and transportation sectors. For panel bonding and automotive exteriors, original equipment manufacturers (OEMs) frequently use them. The body panels of buses and trucks are also joined together using metal bonding adhesives. One important application area for metal bonding adhesives is the industrial sector.


• INDUSTRIAL EQUIPMENT: The market for metal bonding adhesives' second-largest application segment is the industrial sector. In industrial settings, metal bonding adhesives are used as an alternative to conventional bonding techniques for heat treatment and fixing. Industrial applications for metal bonding adhesives include reaction-injecting molding equipment, machinery base plates, cooling water pumps, ultracentrifuge rotors, and industrial pumps.


• APPLIANCES: Appliances are strengthened and made to last with the help of global metal bonding adhesives, especially when fixing or replacing broken parts. This makes using such appliances simpler because you may use them without worrying about their strength and endurance. Appliances utilize Global Metal Bonding Adhesives in a variety of ways. One such application is when a surface needs to be fixed or replaced, and the components must precisely fit. A component of an appliance that will be put under stress during use can also gain strength and rigidity by using global metal bonding adhesive.


• AEROSPACE: Metal bonding adhesives have a variety of benefits that will help the aircraft sector grow. Because they transfer stress more effectively than welds or rivets, metal bonding adhesives increase the usefulness of thin metal and honeycomb structures in aerospace. Because of qualities like abrasion resistance, vibration resistance, dimensional stability, thermal conductivity, low shrinkage, low outgassing, and a low coefficient of expansion, the aerospace industry is a significant factor in the market growth for metal bonding adhesives.


• ELECTRONIC: Metal bonding adhesives are anticipated to grow substantially in the electronics sector over the forecast period. This is due to the increasing popularity of consumer electronics devices, which heavily rely on structural adhesives to build electronic assemblies, conductive films, and other components. An increase in investments by multinational corporations in the industrial and electronics sectors is another factor driving the growth of this category.


• MEDICAL: Metal bonding adhesives are anticipated to grow significantly in the medical sector. These adhesives are used in the healthcare sector for bonding purposes in X-ray and imaging equipment, filters, dialysis machines, and needles. Engineering resins like polyolefins, polyphenylene sulfide (PPS), and metals, particularly aluminum, titanium, nickel, and stainless steel, are used to create devices such as disposable electrocardiograph (ECG) electrodes and grounding plates. In addition, adhesives like epoxy, silicones, polysulfides, and polyurethanes are frequently used in medical applications. Thus, driving the growth of the medical sector.


• OTHERS: The metal bonding adhesives other applications include marine, locomotive, and others.

By Resin Type

• EPOXY: Due to their longevity, high strength, temperature tolerance, and superior depth of cure, epoxy-based adhesives are frequently chosen for metal bonding. These adhesives also go by Crash Durable Adhesives (CDA) since they have excellent bonding qualities that enhance crash resistance. As a result, metal bonding adhesives based on epoxy are frequently chosen when producing lightweight vehicle components.


• ACRYLIC: The acrylic category is anticipated to grow significantly in the metal bonding adhesives market over the forecast period. Transparent synthetic resin is called acrylic. Despite now typically coming from plants like cornstarch or sugar cane, it was initially manufactured from coal and petroleum. This substance can create water-resistant coatings for floors and walls that offer good slip resistance while still allowing the surface to be cleaned using metal bonding adhesives.


• POLYURETHANES: An organic backbone chain characterizes a polymer class known as polyurethane (P.U.) with two or more terminal "isocyanate" groups. Polyurethanes are frequently used for coatings, sealants, and adhesives that can be poured from water- or solvent-based solutions.


• UV CURES: When exposed to U.V./Visible light, heat, or a pre-applied activator, U.V. cures act quickly. The structural bonding glue quickly cures with U.V./Visible light, heat, or a pre-applied activator and generates strong, transparent bindings. Metal-to-glass bonding, coil winding, and potting are examples of common applications.


• OTHERS: A other resin types of metal bonding adhesives include silicone, modified phenolic, and others.

By Region

• North America: The region's expanding automotive industry, brought on by consistent investment, is expected to drive significant growth in the metal bonding adhesives market in North America over the course of the projection period. The market for metal-bonding adhesives in the area is anticipated to grow over the coming years as a result of the region's booming automotive sector. As the automotive and construction industries in the region develop, there will likely be a greater demand for metal bonding adhesives in North America. The North American market for metal bonding adhesives is anticipated to expand as a result of stringent regulations and growing environmental concerns. The market for metal bonding adhesives is also anticipated to expand as a result of increased investments in the chemical, petrochemical, oil and gas, food and beverage, and chemical industries.


• Europe: The European market contributed a sizeable portion of global revenue. The European market is being driven by the rise in demand for bonding adhesives in the building and construction sector, which includes permanent homes and upscale furniture. The growing urbanization and modernization in countries like the UK, France, Germany, Spain, and others is another factor contributing to the market's growth. The expansion of permanent residences has been hampered by the per capita disposable income, which is increasing the demand for bonding adhesives. Another significant factor anticipated to fuel the growth of the metal bonding adhesives market during the forecast period is the increase in demand in the automotive, transportation, and industrial applications.


• Asia Pacific: In 2021, the Asia-Pacific region held the largest market share, and it is anticipated that during the forecast period, it will experience the highest CAGR of 8.2%. A rise in vehicle output is largely to blame for this. The increase in passenger car production will also help the region's metal bonding adhesives market grow during the anticipated time frame. As a result, it is anticipated that the growing demand for metal bonding adhesives in the automotive industry will be a key factor driving the market in Asia Pacific.


• Latin America: Over the course of the forecast period, it is anticipated that Latin America's market for metal bonding adhesive will expand significantly. The expansion of the automobile industry, the widespread use of metal bonding adhesives in significant industries, and the development of a base for these adhesives have all contributed to their explosive growth. Due to a strong foundation for automakers, rising demand for automotive compounds, and increased production, the automotive industry is growing quickly. Additionally, it is anticipated that the improvement in Latin America's economic situation will encourage the growth of the region's market.


• Middle East & Africa: Over the forecast period, it is expected that the Middle East and Africa's metal bonding adhesive markets will expand significantly. The building and construction industry, which includes luxury furniture and permanent homes, is experiencing an increase in demand for bonding adhesives. The market is expanding as a result of additional factors like rising urbanization and modernization. The construction of permanent homes has slowed due to the rise in per capita disposable income, driving up demand for bonding adhesives. The rise in demand in automotive, transportation, and industrial applications is another significant factor anticipated to propel the growth of the metal bonding adhesives market during the forecast period.