Metal Bonding Adhesives are the high performance joining materials used to attach two metal substrates together. Metal Bonding Adhesives are used instead of conventional fasteners and welds used in automotive and industrial equipment industries.
The Global Metal Bonding Adhesives Market is segregated based on resin and application. On the basis of resin type, the market is further categorized into epoxy, acrylic, polyurethane, and others. Epoxy is the largest adhesive type used in end-use industries. Epoxy adhesives are the widely used resins, owing to high durability, mechanical strength, and temperature resistivity. Epoxy resins are commercially also known as Crash Durable Adhesives (CDA), due to their high crash resistant. Epoxy adhesives is anticipated to retain its dominance over the forecast period. Epoxy based Metal Bonding Adhesives are followed by acrylic which is growing at faster rate due to the continuous product development by manufacturers.
On the Basis of Application, the market is classified into architectural, automotive, wood, industrial, and others. Among these, the automotive & transportation segment is set to grow at a higher CAGR during the forecast period. Numerous applications in automotive industry and growing automotive production across the globe is having positive impact on the metal bonding adhesives demand in automotive & transportation industry. Automotive & transportation industry is followed by industrial equipment in terms of consumption. Industrial applications, including ultracentrifuge rotors, machinery base plates, cooling water pumps, reaction injecting molding machines, cooling water pumps, and industrial pumps. Other application include, medical application. In medical industry, metal bonding adhesives are mainly used in needle bonding and X-ray and imaging equipment.
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Geographically, Global Metal Bonding Adhesives Market is classified as North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. Among these, Asia Pacific accounts for a major share in the global metal bonding adhesives market. Countries such as China, Japan, and India are the major markets in the region. High market share and market growth of the region is attributed to the growing automotive production along with the increasing penetration in the automotive applications is estimated. Higher production base of passenger car vehicles in Asia Pacific, specifically passenger car vehicle production in China is driving the global metal bonding adhesives market.
The Middle East & Africa is estimated to observe a significant growth due to increasing adoption of water and powder technologies in oil & gas, petrochemical and automobile industries. Additionally, growing demand of water based technology, owing to increasing stringent regulations on solvent based adhesives has positive impact on the Global Metal Bonding Adhesives Demand.
Some of the major players functioning in the Global Metal Bonding Adhesives Market are Some of the prominent players operating in the global metal bonding adhesives market are Henkel AG & Co KgaA, H. B. Fuller, The 3M Company, Sika AG, The Dow DuPont Inc., Arkema S.A., Solvay SA, Lord Corporation, DELO Industrie Klebstoffe GmbH & Co. KGaA, and Parson Adhesives, Inc.
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