Metal Bonding Adhesives Market Analysis

Metal Bonding Adhesives Overview

The 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 metal bonding adhesives market was valued at USD 7184.5 million in 2021 and is projected to reach USD 13297.4 million by the end of 2030.

Metal bonding adhesives are generally the high-performance adhesives or glues generally used in the carpentry or for specialized carved workings. They are mostly used in heavy artwork and compositions, but apart from that, at times, they are used in costume and jewelry making applications. One of the most commonly known adhesives in the market is the Cyanoacrylate. This is one of the most popular and established the sort of adhesives that work as super glue for metals. They not only bond metals but also make sure that the bonding is kept intact for a long period.

COVID-19 Impact on the Metal Bonding Adhesives Market:

Over the previous 18 months, the market for metal bonding adhesives has suffered. This can be attributed to the significant disruptions that various precautionary lockdowns and other regulations enacted by governing authorities worldwide caused in their respective manufacturing and supply-chain operations. Additionally, since this outbreak has severely impacted the general economic situation of most people, consumer demand has also decreased as people are now more eager to cut non-essential expenses from their budgets. Over the forecast period, the factors above are anticipated to have a negative impact on the global market's revenue trajectory. However, the global Metal Bonding Adhesives market is anticipated to rebound as the relevant governing authorities lift these enforced lockdowns.

Market Dynamics

• Increasing preference for high-performance adhesives in various applications: The market for high-performance metal bonding adhesives is primarily supported by the growth of its applications, which span design and production as well as repair, maintenance, and field services. These composites have various viscosities, chemical resistances, electrical characteristics, cure times, hues, etc.. It has qualities including low shrinkage, low outgassing, low coefficient of expansion, low shrinkage, vibration resistance, dimensional stability, and thermal conductivity. Thus, industrial companies are using more and more high-performance metal bonding adhesives. These are typically used to weld metals like steel, aluminum, and others together to decrease the number of welds needed to produce metal structures. This is mainly because adhesive solutions offer more structural support than welding techniques, fueling market growth and enlarging the market internationally.


• An increase in demand from the automotive and transportation sectors: OEMs frequently utilize metal bonding adhesives in the automotive and transportation sectors to construct chassis, automobile exteriors, panel bonding, frames, and reinforcement for both light and heavy vehicle segments. Among the most popular uses in the automobile sector are exterior panels and panel bonding. The automotive industry has experienced encouraging growth over the past ten years.


• Increasing growth from aerospace sectors: Melt bonding adhesives provide many advantages that will support the aircraft industry's expansion. Metal bonding adhesives make thin metal and honeycomb structures more useful in aerospace because they distribute stress more effectively than welds or rivets do. The aerospace industry is a major driver of the market growth for metal bonding adhesives because of their characteristics like abrasion resistance, vibration resistance, dimensional stability, thermal conductivity, low shrinkage, low outgassing, and a low coefficient of expansion. For instance, Boeing predicted that over the next 20 years, Chinese airlines would spend US$1.4 trillion on 8,600 new aircraft and US$1.7 trillion on commercial aviation services. By 2030, the Middle East would require 2,520 new aircraft, according to Boeing's current business forecast. Additionally, Boeing predicts that over the next 20 years, demand for 2,300 aircraft worth US$320 billion will be driven by India. Given their advantages, metal bonding adhesives are anticipated to have many potential uses in the aerospace industry. Therefore, the expanding aerospace industry will drive the market for metal bonding adhesives.

• Volatility in raw material prices : The worldwide polycarbonate market is seriously concerned by price variations in the raw materials needed to manufacture polycarbonate. The global market for metal bonding adhesives is likely to experience rapid price fluctuations for raw materials such as polyurethanes, epoxy, and acrylic, as well as a shortage of product supply in the near future. Additionally, metal bonding adhesives are a type of bonding material widely used in industries like electronics, aerospace, and autos and are recognized as a crucial component worldwide. The past market disruptions and price variations for metal bonding adhesives point to problems with the supply chain's resilience and stability. Small and medium-sized businesses are likely to benefit from the advent of sustainable products with low volatile organic compound concentrations in the market. All these important constraints constrain the market expansion of the metal bonding adhesives sector.


• Stringent environment regulations: One of the factors preventing the market for metal bonding adhesives from expanding is strict environmental regulations. For instance, the Food and Drug Administration (FDA) in the U.S. issues regulations for food packaging, including flexible food packaging, following the Food, Drug, and Cosmetic Act's sections 301-399d. Before receiving operating licenses, food processing units must adhere to strict control requirements and procedures. Regulation 21 CFR 186 should be complied with by the generally recognized as safe (GRAS) substances used in food packaging. As a result, during the forecast period, these regulations will probably limit the growth of the global metal bonding adhesives market.

• Increasing the use of industrial adhesives to replace mechanical fasteners : Adhesives are now a crucial component of many industrial applications. Before developing sophisticated adhesives, bonding applications were commonly carried out via mechanical or thermal fastening techniques. Metal bonding adhesives have largely replaced traditional joining and fastening techniques, including welding and mechanical fastening. Additionally, metal bonding adhesives are increasingly used in various end-user industries, such as construction and consumer durables, to replace mechanical fasteners. Manufacturers are adopting these metal bonding adhesives in industrial applications because they outperform and are more effective than traditional techniques. These elements are fueling market expansion.


• Increasing technological developments: The metal bonding adhesives market is expanding due to new technological advancements like creating environmentally friendly, sustainable, and non-hazardous bonding adhesives. The United States Environmental Protection Association (USEPA), Leadership in Environmental Design (LEED), and Europe's Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH) have required manufacturers to produce eco-friendly adhesives and low or no VOC levels to protect the environment and reduce the use of harmful chemicals. Manufacturers are investing in the market due to the shifting consumer preference for sustainable goods, creating more opportunities. The metal bonding adhesives market is expanding further due to the promotion of sustainable, biodegradable, and recyclable goods and their long-term advantages

Segmentation

By Application

• Automotive And Transportation


• Industrial Equipment


• Appliances


• Aerospace


• Electronic


• Medical


• Others

By Resin Type

• Epoxy


• Acrylic


• Polyurethanes


• UV cures


• Others

By Region

• North America


• Europe


• Asia-Pacific


• South America


• Middle East


• Africa

Regional Analysis

The Asia-Pacific market held the largest market share of in 2021 and is projected to register the highest CAGR of 8.2% during the forecast period. This is largely attributed to an increase in vehicle output. The expansion of the metal bonding adhesives market in the region will also be further aided during the projected period by the increase in the production of passenger cars. Therefore, a major factor driving the market in Asia Pacific is projected to be the rise in demand for metal bonding adhesives in the automobile industry.

In North America, the metal bonding adhesive market in is anticipated to grow significantly throughout the projection period because of the region's growing automotive industry, owing to consistent investment. The expansion of the automobile industry is also projected to fuel the region's market for metal-bonding adhesives in the ensuing years. The need for metal bonding adhesives in North America is anticipated to rise as the automotive and construction sectors in the continent expand. Due to strict regulations and rising environmental concerns, the North American market for metal bonding adhesives is expected to grow. Increased investments in the chemical, petrochemical, oil and gas, food and beverage, and chemical industries are also anticipated to help the market for metal bonding adhesives grow even more.

The European market accounted for a significant revenue share worldwide. The increase in demand for bonding adhesives in the building and construction industry, including permanent homes and high-end furniture, is driving the European market. The expansion of the market is also due to the rising urbanization and modernization in nations like the UK, France, Germany, Spain, and others. The per capita disposable income has hindered the expansion of permeant residences, which is driving up the demand for bonding adhesives. The rise in demand in the automotive, transportation, and industrial applications is another important factor anticipated to propel the growth of the metal bonding adhesives market during the forecast period.

The metal bonding adhesive market in Latin America is anticipated to grow at a substantial rate over the forecast period. The widespread use of metal bonding adhesives in important industries, the expansion of the automobile industry, and the creation of a basis for these adhesives have all contributed to their burgeoning growth. The automotive industry is expanding quickly as a result of a thriving base for car manufacturers, increased demand for automotive compounds, and increased production. Along with this, the improvement of the economic climate in Latin America is anticipated to fuel the expansion of the regional market.

The metal bonding adhesive market in Middle-East and Africa is anticipated to grow substantially over the forecast period. The demand for bonding adhesives is rising in the building and construction sector, including permanent homes and upscale furniture. The rising urbanization and modernization are additional factors contributing to the market's growth. The increase in per capita disposable income has slowed the construction of permanent homes, increasing demand for bonding adhesives. Another crucial factor anticipated to fuel the growth of the metal bonding adhesives market during the forecast period is the increase in demand in automotive, transportation, and industrial applications.

Competitive Landscape

The global metal bonding adhesives market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-efficient and high-quality adhesives, in order to survive and succeed in an intensely competitive market environment. The major players in the market include 

• Evonik Industries AG


• BASF SE


• Sika AG


• Henkel AG


• Dow Chemicals


• H.B. Fuller Company


• 3M


• Ashland


• Arkema


• Huntsman International LLC

Some of the key developments include:

• In July-2022 Evonik’s Coating & Adhesive Resins business line has launched a new range of sustainable liquid polybutadienes.


• In November-2022 Dow Launches New Generation of High-bonding Adhesive for EV Batteries


• In August-2022 3M revolutionizes existing bonding solutions with first-of-its-kind 3M On Demand Bonding System featuring 3M VHB Extrudable Tape ST.

Report Overview:

The metal bonding adhesives market is segmented by application, resin type and region in the report. In terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global metal bonding adhesives  emerging and fast-growing segments, regions, and countries.

Objectives of the Study

• To get a comprehensive overview of the global metal bonding adhesives market


• To get wide-ranging information about the key factors driving the market and market opportunities


• To gain information regarding the key players in the industry, their product portfolio, strategies, and key developments


• To gain insights about the key country/region in which the market is growing

Intended Audience

• Industrial sector


• Broadcast sector


• Enterprise sector


• digital communication


• Automotive industry