According to the report, the global metal bonding adhesives market was approximately USD 5.97 billion in 2018 and is expected to generate around USD 9.25 billion by 2025, at a CAGR of around 6.45% between 2019 and 2025.
New York, NY, June 13, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Metal Bonding Adhesives Market by Type (Epoxy-Based, Polyurethane-Based, Acrylic-Based, and others) and by Application (Automotive & Transportation, Electronics & Consumer Appliances, Industrial Equipment, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global metal bonding adhesives market was approximately USD 5.97 billion in 2018 and is expected to generate around USD 9.25 billion by 2025, at a CAGR of around 6.45% between 2019 and 2025.
The global metal bonding adhesives market is likely to experience notable growth in the future, owing to the increasing adoption of metal bonding adhesives in various industry verticals for various applications, such as cooling water pumps, ultra-centrifuge rotors, machinery-based plates, and reaction injecting molding machines. Metal bonding adhesives are used as substitutes for conventional bonding methods for fastening and heat treatment. The ongoing developments regarding vehicle production in the automobile industry are also expected to provide potential opportunities for the metal bonding adhesives market. In the aviation industry, metal bonding adhesives facilitate the use of honeycomb and thin metal structures more workable as the stress-bearing capacity of these adhesives is more in comparison to other welding or rivets. This is also contributing to the metal bonding adhesives market growth. However, the volatility in the raw material prices may hamper the metal bonding adhesives market growth in the upcoming years.
Browse through 29 Tables & 18 Figures spread over 110 Pages and in-depth TOC on “Global Metal Bonding Adhesives Market: Industry Size, Share, Trends, Growth, Applications, Analysis and Forecast, 2018–2025”.
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Based on type, the metal bonding adhesives market is fragmented into epoxy-based, polyurethane-based, acrylic-based, and others. The epoxy-based segment is expected to dominate the market, as these adhesives are widely preferred for metal bonding due to their high strength, durability, and temperature resistance. These adhesives are also known as crash durable adhesives due to their superior adhesive properties.
On the basis of application, the market is categorized into automotive and transportation, electronics and consumer appliances, industrial equipment, and others. The automotive and transportation segment is expected to dominate the market, as metal bonding adhesives are widely preferred for manufacturing lightweight automotive parts.
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The Asia Pacific region contributed major revenue share to the global metal bonding adhesives market in 2018 and is expected to continue its regional authority in the upcoming years as well. This regional growth is attributed to the growing production of consumer electronics and rising investments in the food & beverage and oil & gas industry sectors by Thailand, Vietnam, and Indonesia. China is the largest producer of consumer electronics.
The European metal bonding adhesives market is projected to grow significantly over the forecast timeframe, due to the rising production of lightweight commercial vehicles across the region. Metal bonding adhesives are preferred by automobile manufacturers for various kinds of manufacturing lightweight automotive parts and components, which will further stimulate this regional market’s growth in the future.
Browse the full “Metal Bonding Adhesives Market by Type (Epoxy-Based, Polyurethane-Based, Acrylic-Based, and Others) and by Application (Automotive & Transportation, Electronics & Consumer Appliances, Industrial Equipment, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/metal-bonding-adhesives-market
The North American metal bonding adhesives market is expected to grow steadily in the future, owing to the growing demand for metal bonding adhesives by the construction industry. The ongoing investment in the region’s construction industry is expected to provide significant growth opportunities for the metal bonding adhesives market over the forecast time period.
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Some major players of the global metal bonding adhesives market are DELO Industrie Klebstoffe, 3M, Arkema Group, Evonik Industries, H.B. Fuller, LORD Corporation, BASF, Permabond, DowDuPont, Sika, Henkel AG, Ashland, Huntsman Corporation, Solvay, and Parson Adhesives.
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This report segments the global metal bonding adhesives market into:
Global Metal Bonding Adhesives Market: Type Analysis
Global Metal Bonding Adhesives Market: Application Analysis
- Automotive and Transportation
- Electronics and Consumer Appliances
- Industrial Equipment
Global Metal Bonding Adhesives Market: Regional Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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