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Metal Bonding Adhesives Market - Global Industry Report, 2031

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Aarti Mule

Metal Bonding Adhesives: Introduction

  • Epoxies, polyurethane, and cyanoacrylate based adhesives are used for gluing metal to metal. Rapid growth of the automotive industry and new potential usage of metal adhesives in replacement of mechanical procedures such as welding, reverting, and brazing are some of the factors augmenting the global metal bonding adhesives market in the next few years.

Key Drivers of Global Metal Bonding Adhesives Market

  • Increase in adoption of metal bonding adhesives in industrial and automotive applications is likely to boost the metal bonding adhesives market. Implementation of strict governmental regulations to improve fuel economy is also expected to boost the global metal bonding adhesives market. Rise in application of metal adhesives in the health care sector is also likely to drive the metal bonding adhesives market in the next few years.
  • Metal bonding adhesives are known for their light weight properties. This is likely to help automotive manufacturers produce lightweight vehicles.
  • Metal bonding adhesives are used in the health care industry for bonding applications in dialysis machines, filters, needle bonding, and X-ray & imaging equipment

Epoxy Resin Type Segment to Dominate Global Market

  • Based on resin type, the epoxy segment dominated the metal bonding adhesives market in 2020. It was followed by the acrylic 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 in improved crash resistance. Hence, epoxy-based metal bonding adhesives are widely preferred in manufacture of lightweight automotive parts.

Automotive & Transportation Application Segment to Dominate Global Market

  • The automotive & transportation segment is the major application segment of the metal bonding adhesives market. Metal bonding adhesives are extensively used in the automotive & transportation industry. They 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 a key application segment of the metal bonding adhesives market.
  • 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

Fluctuating Raw Material Prices to Restrain Global Market

  • Rapid fluctuation in raw material prices and low availability of the product are likely to restrain the global metal bonding adhesives market in the near future. However, availability of sustainable products with low volatile organic compound concentration is estimated to provide lucrative opportunities for small and medium scale players operating in the market.

COVID-19 Impact on Metal Bonding Adhesives Market

  • Restrictions on trade and shortage in supply of raw materials from China-based manufacturers due to the COVID-19 pandemic have resulted in a severe demand-supply gap for various products including metal bonding adhesives. Manufacturers are expected to be stranded on raw material orders owing to the logistics industry being significantly impacted due to lockdowns amid the COVID-19 pandemic.
  • Producers are anticipated to move away from China in order to lower the risks that would affect the business and reduce manufacturers' cluster in a single country in order to smoothen the supply chain

Asia Pacific to Hold Significant Share of Global Metal Bonding Adhesives Market

  • In terms of region, the global metal bonding adhesives market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific accounted for the major share of the metal bonding adhesives market in 2020. Rise in demand for metal bonding adhesives in the automotive industry is likely to be a key factor boosting the market in Asia Pacific. Growth in investment by multinational companies in the automotive industry is also expected to drive the market in the region during the forecast period. Growth in production of automobiles and rise in investments in building & construction activities are anticipated to augment the demand for metal bonding adhesives in Asia Pacific in the near future.
  • Expansion of automotive and construction sectors in North America is expected to increase the demand for metal bonding adhesives in the region. Presence of stringent regulations in North America and Europe and increase in environmental concerns are projected to propel the metal bonding adhesives in these regions.

Key Players Operating in Market

Companies are expected to invest significantly in research & development activities. Collaborations are also likely to emerge as one of the strategic initiatives adopted by companies engaged in new product development. Capacity expansion and new product launches are prevalent in the industry. Key players operating in the global metal bonding adhesives market include:

  • Henkel AG & Co. KGaA
  • H.B. Fuller
  • The 3M Company
  • Sika AG
  • The Dow Chemical Company
  • Arkema S.A.
  • Solvay S.A.
  • LORD Corporation
  • Parson Adhesives, Inc.

Global Metal Bonding Adhesives Market: Research Scope

Global Metal Bonding Adhesives Market, by Resin Type

  • Acrylic
  • Epoxy
  • Polyurethane
  • Silicone
  • Modified Phenolic Resin
  • Others

Global Metal Bonding Adhesives Market, by Application

  • Automotive & Transportation
  • Industrial
  • Appliances
  • Building & Construction
  • Others
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Aarti Mule
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