Global Metal Bonding Adhesives Market: Overview
Metal bonding adhesives find a spectrum of applications in the automobile and aviation sectors. Furthermore, large-scale use of the product in maintenance work, on-field, and production activities will drive the market demand.
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Global Metal Bonding Adhesives Market: Growth Factors
The metal bonding adhesives market has grown steadily over the years, subject to massive product utilization in production, designing, repair, and maintenance activities. With favorable features such as abrasion resistance, vibration resistance, thermal conductivity, low shrinkage and low coefficient of expansion, the market is predicted to gain traction over the years to come. Nevertheless, oscillations in the costs of raw materials and scarcity of the product will diminish the metal bonding adhesives market size over the next decade.
With the growing preference for the product in ultracentrifuge rotors, cooling water pumps, industrial pumps, and machinery-based plates, the market is set to register a lucid growth over the years to come. Healthcare and medical sectors have witnessed the myriad use of the product in the form of dialysis equipment, an imaging device, needle bonding, and X-ray machines. On the other hand, enforcement of strict laws for improving the fuel economy along with thriving mining & pharma sectors will propel the metal bonding adhesive market earnings.
Global Metal Bonding Adhesives Market: Segmentation
The metal bonding adhesives market can be classified into resin type and end-user. Resin type wise, the market is divided into epoxy, acrylic, and polyurethane. On the basis of end-user, the market is sectored into medical & pharma, electronics & consumer appliances, automobile & transportation, aerospace & defense, and industrial assembly.
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Global Metal Bonding Adhesives Market: Regional Analysis
Based on the region, the metal bonding adhesives market can be divided into five main regions: Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa. Asia Pacific metal bonding adhesives market is slated to experience a substantial surge, subject to escalating need for technically advanced consumer electronics goods and vehicle production in Thailand and Indonesia.
Recovery from the economic slowdown/recession in the developed nations and strong upsurge witnessed in the building activities in Vietnam, Thailand, and Indonesia will scale up the market growth trends. Additionally, shifting of the production units in APAC regions as a result of the easy availability of cost-effective labor as well as raw materials in Thailand, Indonesia, and China will magnify the market scope. Large-scale funding by multinationals in the automobile sector and cut-throat competition among the industry participants for expanding their production base in APAC are major aspects leveraging the business space in the region. Moreover, North America and European markets are foreseen to boost the overall market size in the years to come.
Global Metal Bonding Adhesives Market: Competitive Players
Few of main participants in metal bonding adhesives market include DELO Industrie Klebstoffe GmbH & Co KGaA, 3M Company, Arkema Group, Evonik Industries, H.B. Fuller, LORD Corporation, BASF SE, Permabond LLC, DowDuPont Inc., Sika AG, Henkel AG & Co. KGaA, Ashland Inc., Huntsman Corporation, Solvay S.A., and Parson Adhesives Inc.
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Global Metal Bonding Adhesives Market: Regional Segment Analysis
- North America
- The U.S.
- The UK
- The Asia Pacific
- Latin America
- The Middle East and Africa
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