Global Anaerobic Adhesives Market, By Adhesive Type (Acrylic, Silicone, Butyl), Substrate Type (Plastic, Metal, Rubber), End-User (Automotive, Healthcare, Building and Construction, Electrical and Electronics, Packaging), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Anaerobic Adhesives Market
Data Bridge Market Research analyses that the anaerobic adhesives market will witness a CAGR of 7.20% for the forecast period of 2022-2029. Growth in the demand for anaerobic adhesives especially in the emerging economies such as India and China, growing use of anaerobic adhesives for a wide range of end user applications such as automotive, healthcare, packaging and other applications, rising application of sealants in the manufacturing of industrial devices and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the anaerobic adhesives market.
Also known as thread lockers or retaining compounds, anaerobic adhesives are environmental friendly and non-toxic adhesives that are used between the metal surfaces for fastening, adhesion, sealing, or curing purposes. Anaerobic adhesives are used to seal securely the two metal surfaces in absence of oxygen.
Rise in demand for anaerobic adhesives by buildings and construction industry is the root cause for fuelling up the market growth rate. Rising demand for anaerobic adhesives in the manufacturing of electrical and electronics and growth and expansion of various end user verticals in the emerging economies will also directly and positively impact the growth rate of the market. Rising awareness about the environmental friendly benefits of anaerobic adhesives, rising expenditure for research and development proficiencies by the major companies, upsurge in the rate of industrialization, surging rate of urbanization and modernization and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
However, high manufacturing costs, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High cost associated with research and development proficiencies, rising requirement for special primers for passive metals, large bond gaps, or inert surfaces and strict global trade restrictions will dampen the market growth rate. Also, dearth of awareness and lack of advanced infrastructural facilities in the backward and underdeveloped economies will also hamper the market growth rate. Large scale availability of low cost alternatives in the market will also restrict the scope of growth.
This anaerobic adhesives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on anaerobic adhesives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Anaerobic Adhesives Market Scope and Market Size
The anaerobic adhesives market is segmented on the basis of adhesive type, substrate type and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of adhesive type, the anaerobic adhesives market is segmented into acrylic, silicone and butyl.
- On the basis of substrate, the anaerobic adhesives market is segmented into plastic, metal and rubber.
- On the basis of end user, the anaerobic adhesives market is segmented into automotive, healthcare, building and construction, electrical and electronics and packaging.
Anaerobic Adhesives Market Country Level Analysis
The anaerobic adhesives market is segmented on the basis of adhesive type, substrate type and end user.
The countries covered in the anaerobic adhesives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region dominates the anaerobic adhesives market owing to the strong demand in countries such as China, Japan, and India, highest manufacturing units of automobiles and automobile spare parts in this region, presence of major players in this region, high rate of urbanization and modernization, large scale population in this region, growth and expansion of various end user verticals, increase in the research and development activities, favourable investment policies by the government in order to promote industrial growth, high economic growth in the emerging countries, abundant availability of raw materials and rising investments by various public and private manufacturers in Asia Pacific.
The country section of the anaerobic adhesives market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Anaerobic Adhesives Market Share Analysis
The anaerobic adhesives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to anaerobic adhesives market.
Some of the major players operating in the anaerobic adhesives market report are 3M, Bostik, Sika AG, Henkel Adhesives Technologies India Private Limited, H.B. Fuller Company, Illinois Tool Works Inc., Huntsman International LLC, Pidilite Industries Ltd, Jubilant Industries Ltd, Scigrip, Parson Adhesives, Inc., Royal Adhesives & Sealants LLC, Lord Corporation, Ashland, Permabond LLC., Hernon Manufacturing, Inc., Master Bond Inc., Delo Industrial Adhesives, LLC, Scott Bader Company Ltd., Dymax Corporation, Loxeal S.r.l., Mapei S.p.A, Uniseal Inc., and Hexcel Corporation among others.
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