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The metal bonding adhesives market share is expected to increase by USD 3.00 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.18%.
This metal bonding adhesives market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers metal bonding adhesives market segmentations by end-user (automotive, industrial, machinery and equipment, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The metal bonding adhesives market report also offers information on several market vendors, including 3M Corp., Arkema SA, Astral Adhesives Ltd., CTec N.I Ltd., DELO Industrie Klebstoffe GmbH and Co. KGaA, The Dow Chemical Co., Dymax Corp., Ford Motor Co., H.B. Fuller Co., Henkel AG and Co. KGaA, Huntsman Corp., Hybond Ltd., Infinity Bond Adhesives, KENT United Kingdom Ltd., Master Bond Inc., Parker Hannifin Corp., Parson Adhesives Inc., Permabond LLC, Sika AG, and Solvay SA among others.
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The increasing replacement of mechanical fasteners with industrial adhesives is notably driving the metal bonding adhesives market growth, although factors such as stringent environmental regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the metal bonding adhesives industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Metal Bonding Adhesives Market Driver
The increasing replacement of mechanical fasteners with industrial adhesives is one of the key drivers supporting the metal bonding adhesives market growth. Adhesives have become an integral part of various industrial applications. Mechanical or thermal fastening methods have been used for bonding applications in industries before the introduction of advanced adhesives. Metal bonding adhesives are widely replacing conventional methods such as mechanical fastening, welding, and other joining/fastening methods. There has also been a rise in the replacement of mechanical fasteners with metal bonding adhesives across various end-user industries, including construction, consumer durables, and others. Manufacturers are using these metal bonding adhesives in industrial applications owing to their superior product performance and efficacy when compared with conventional methods. Such factors are driving the market growth.
Key Metal Bonding Adhesives Market Trend
Increasing demand for metal bonding adhesives in the medical industry is one of the key metal bonding adhesives market trends that is contributing to the market growth. Devices such as disposable electrocardiograph (ECG) electrodes and grounding plates are made from engineering resins, such as polyphenylene sulfide (PPS), polyolefins, as well as metals, particularly aluminum, titanium, nickel, and stainless steel. The adhesives that are commonly used in medical applications include epoxy, silicones, polysulfides, and polyurethanes, among others. Owing to the rise in the population and changing lifestyles, there has been an increase in spending on healthcare. Hence, growing investments in the healthcare sector by countries such as China, the US, Germany, and India are expected to drive the demand for metal bonding adhesives in the near future. Thus, the increasing demand for metal bonding adhesives in the medical devices industry will lead to market growth.
Key Metal Bonding Adhesives Market Challenge
Stringent environmental regulations is one of the factors hindering the metal bonding adhesives market growth. For instance, in the US, the Food and Drug Administration (FDA) under the Food, Drug, and Cosmetic Act (sections 301-399d) provides guidelines for food packaging, including flexible food packaging. Food processing units must meet the stringent control parameters and follow well-defined processes before they get licenses to operate. The substances affirmed as generally recognized as safe (GRAS) used in food packaging should comply with regulation 21 CFR 186. Therefore, such regulations are, in turn, likely to restrict the growth of the global metal bonding adhesives market during the forecast period.
This metal bonding adhesives market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global metal bonding adhesives market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the metal bonding adhesives market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the metal bonding adhesives market encompasses successful business strategies deployed by the key vendors. The metal bonding adhesives market is fragmented and the vendors are deploying growth strategies such as broadening their product portfolios by extending their metal bonding adhesives product offerings to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The metal bonding adhesives market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the metal bonding adhesives market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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52% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the metal bonding adhesives market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rise in commercial and residential construction activities, along with increasing investments in infrastructure development in the region will facilitate the metal bonding adhesives market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 severely affected several countries in the region, which had a negative impact on the market. However, with the initiation of large-scale COVID-19 vaccination drives in the region during the first half of 2021, industrial activities resumed, which, in turn, led to a rise in the demand for metal bonding adhesives in the region. In addition, the rapid growth of the pharmaceutical industry in the region is expected to fuel the demand for packaging solutions, which, in turn, is expected to drive the metal bonding adhesives market growth during the forecast period.
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The metal bonding adhesives market share growth by the automotive segment will be significant during the forecast period. Metal bonding adhesives are extensively used in automotive applications, including structural metal bonding, interior trim, and others. The rapid growth in the volume of automobiles worldwide is expected to fuel the demand for metal bonding adhesives during the forecast period. Metal bonding adhesives are widely used to bond backing materials in automobiles, as this helps in reducing vibrations in vehicle body panels. Hence, these factors can increase the number of automobiles and thereby increase the need for metal bonding adhesives during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the metal bonding adhesives market size and actionable market insights on post COVID-19 impact on each segment.
Metal Bonding Adhesives Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.18% |
Market growth 2022-2026 |
$ 3.00 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.21 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 52% |
Key consumer countries |
US, China, India, Germany, and Switzerland |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
3M Corp., Arkema SA, Astral Adhesives Ltd., CTec N.I Ltd., DELO Industrie Klebstoffe GmbH and Co. KGaA, The Dow Chemical Co., Dymax Corp., Ford Motor Co., H.B. Fuller Co., Henkel AG and Co. KGaA, Huntsman Corp., Hybond Ltd., Infinity Bond Adhesives, KENT United Kingdom Ltd., Master Bond Inc., Parker Hannifin Corp., Parson Adhesives Inc., Permabond LLC, Sika AG, and Solvay SA |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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