Anaerobic Adhesives Market to Grow with a CAGR of 5.24% through 2028
Increasing demand for
high-performance adhesives and growing demand from emerging markets are the
major factors driving the Global Anaerobic Adhesives market in the forecast
period 2024-2028
According to TechSci Research report, “Anaerobic
Adhesives Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Anaerobic Adhesives Market
has valued at USD 575.30 million in 2022 and is anticipated to project robust
growth in the forecast period with a CAGR of 5.24% through 2028.
The global anaerobic adhesives market is experiencing
significant growth, largely attributed to technological advancements that have
propelled the industry forward. Anaerobic adhesives, known for their unique
curing properties in the absence of oxygen, have found applications across
various sectors, including automotive, aerospace, electronics, and
manufacturing.
One of the primary drivers of growth in the anaerobic
adhesives market is the development of enhanced formulations. Manufacturers are
continually innovating to create adhesive products with improved performance
characteristics. This includes adhesives that offer higher temperature
resistance, greater chemical compatibility, and increased strength. These
advancements are crucial for meeting the evolving demands of modern industrial
applications, where extreme conditions are commonplace.
Advancements in research and development have enabled
the customization of anaerobic adhesives for specific applications. Whether
it's threadlocking, thread sealing, retaining, or gasketing, manufacturers can
now formulate adhesives that precisely match the requirements of the task at
hand. This level of customization has led to increased adoption across
industries, as it ensures the reliability and efficiency of bonded or sealed
components.
Technological innovations have led to the creation of anaerobic
adhesives with faster curing times. This is a significant advantage in
manufacturing processes where speed and efficiency are critical. Reduced curing
times mean shorter assembly cycles, increased productivity, and cost savings.
As industries seek to optimize their operations, anaerobic adhesives with rapid
curing capabilities are in high demand.
The development of anaerobic adhesives that are
compatible with a wide range of materials has expanded their applicability.
These adhesives can bond and seal metals, plastics, ceramics, and composites,
providing versatility to manufacturers across different sectors. This
compatibility is particularly valuable in industries like automotive and
electronics, where diverse materials are integrated into complex assemblies.
Technological advancements have also played a role in
making anaerobic adhesives more environmentally responsible. Many manufacturers
are now producing low-VOC (volatile organic compound) formulations, aligning
with global efforts to reduce air pollution and minimize the environmental
footprint of industrial processes. This shift toward eco-friendly products
resonates with industries aiming to meet sustainability goals.
The advent of the Internet of Things (IoT) and
Industry 4.0 technologies has led to increased automation and connectivity in
manufacturing. Anaerobic adhesives, with their reliability and precision, are
integral in the assembly of electronic components and sensors used in IoT
devices and smart manufacturing. As these technologies continue to evolve, the
demand for advanced anaerobic adhesives is set to grow.
Ongoing research into emerging applications has
expanded the market for anaerobic adhesives. For example, the medical device
industry is exploring the use of anaerobic adhesives for bonding and sealing in
medical equipment assembly. Such diversification of applications underscores
the adaptability and potential of anaerobic adhesives across various sectors.
Therefore, technological advancements have been
instrumental in propelling the global anaerobic adhesives market to new
heights. Enhanced formulations, tailored solutions, faster curing times,
material compatibility, environmental responsibility, integration with IoT and
Industry 4.0, and research into new applications have collectively expanded the
scope and demand for anaerobic adhesives. As industries continue to seek
reliable and high-performance bonding and sealing solutions, anaerobic
adhesives are poised to play a pivotal role in shaping the future of
manufacturing and industrial processes worldwide.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Anaerobic
Adhesives Market”
The Global Anaerobic Adhesives Market is segmented
into adhesive type, substrate type application, end user, regional
distribution, and company.
Based on the end user, The automotive segment is
projected to experience rapid growth during the forecast period. The automotive
industry has historically been a significant consumer of anaerobic adhesives.
With the growing trend toward lightweight vehicles, electric vehicles, and
stricter safety and emissions standards, anaerobic adhesives are extensively
used in various automotive applications, including engine assembly,
transmission systems, suspension components, and brake systems. Given the size
and innovation in the automotive sector, it's likely to continue being a
dominant end-user for anaerobic adhesives.
The Asia-Pacific region stands as a dominant force in
the global anaerobic adhesives market, with several emerging economies playing
pivotal roles. Notably, China and India have emerged as major drivers of this
market's growth.
As the world's largest automobile manufacturer, China
has been a prominent contributor to the demand for anaerobic adhesives. In
2021, the country produced a staggering 26.08 million vehicles, marking a 3%
increase compared to the previous year. The electric vehicle (EV) market in
China has also experienced remarkable growth, with a 106% increase in sales of battery-plugged-in
EVs in November 2021. The country's push towards sustainable transportation is
reflected in its market share, which reached 19%, including 15% for
all-electric and 4% for plug-in hybrid vehicles. Additionally, China's
aerospace sector is booming, with a substantial number of aircraft parts
manufacturers, further boosting the demand for anaerobic adhesives.
India, too, has witnessed impressive growth in various
sectors, contributing to the rising demand for anaerobic adhesives. The automotive
industry in India experienced a 30% increase in vehicle production in 2021,
reaching nearly 4.4 million units. The aerospace sector in India is set for
substantial investment, with an expected INR 35,000 crore (~USD 4.99 billion)
inflow over the next four years. The country's demand for aircraft is projected
to reach 2,100 units over the next two decades, translating to sales worth over
USD 290 billion. Additionally, India's burgeoning consumer electronics, IoT,
and construction industries are expected to further boost the demand for
anaerobic adhesives.
Both China and India are undergoing significant
technological transitions, such as the rollout of 4G/LTE networks and IoT
adoption, which are driving the demand for electronic products and,
subsequently, anaerobic adhesives. Government initiatives like 'Digital India'
and 'Smart City' projects are further fueling the IoT demand.
India's construction sector is on a growth trajectory
and is poised to become the world's third-largest construction market by 2022.
Government policies, including the Smart Cities project and Housing for All by
2022, are expected to stimulate the construction industry. For instance, the
Pradhanmantri Awas Yojana offers incentives for homebuyers, which is likely to
increase construction activity and, consequently, the use of anaerobic
adhesives.
In Crisp, the Asia-Pacific region, led by China and
India, is a dominant force in the global anaerobic adhesives market. The robust
growth of various industries, including automotive, aerospace, electronics,
IoT, and construction, coupled with government initiatives, positions this
region as a key driver of demand for anaerobic adhesives in the coming years.
Major companies operating in Global Anaerobic
Adhesives Market are:
- Henkel AG & Co.
- DELO
- 3M Company
- Permabond LLC
- Kisling AG
- Royal Adhesives & Sealants
- ThreeBond Holdings Co. Ltd.
- H.B. Fuller Co.
- Nitto Denko Corporation Permabond LLC
- Anabond Limited
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“The global anaerobic adhesives market is experiencing
robust growth, driven by a convergence of factors. Technological advancements
have led to enhanced formulations, rapid curing times, and compatibility with
diverse materials, expanding the range of applications. Customized solutions
meet specific industrial demands, while eco-friendly, low-VOC formulations
align with environmental concerns. The integration of anaerobic adhesives into
IoT and Industry 4.0 processes further drives demand. Emerging applications,
such as in the medical device industry, add to the market's diversification.
In addition to technological progress, the market's
growth is propelled by the automotive, aerospace, electronics, and construction
industries. Emerging economies like China and India, with booming manufacturing
and construction sectors, are significant contributors. As industries
prioritize efficiency, reliability, and sustainability in their processes,
anaerobic adhesives stand as essential components, making the market's future
outlook promising.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Anaerobic Adhesives Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Adhesive Type
(Acrylic, Silicone, Butyl, Others), By Substrate Type (Plastic, Rubber, Metal,
Others), By Application (Thread sealants, Retaining Compounds, Gasket sealants
and flange sealants, and Anaerobic Thread Lockers), By End User (Automotive,
Healthcare, Building & Construction, Electrical & Electronics,
Packaging, Others), By Region, and By Competition.”, has evaluated
the future growth potential of Global Anaerobic Adhesives Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Anaerobic Adhesives Market.
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