Global Metal Bonding Adhesives Market Analysis Report, Regional Outlook, 2016 – 2024

The metal bonding adhesives market share is segmented into epoxy based, polyurethane based and acrylic based. In 2015, the epoxy based product holds the major segment in the industry. Epoxy adhesives are broadly considered for metal bonding, due to its high strength, durability and temperature resistance. Epoxy based adhesives also called Crash Durable Adhesives (CDA), have superior bonding characteristics resulting in enhanced crash resistance. Thus, epoxy based products are widely considered in producing light-weight and durable automotive parts. In addition, the next largest segment in the industry was acrylic based in 2015.

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The prime driver of the metal bonding adhesives market size in the coming years is stringent government rules and regulations regarding efficient fuel usage that pose minimal risk to environment, which compel automobile producers, including heavy vehicle manufacturers to adopt materials that are eco-friendly and durable as well, which are also the product attributes. Thus, accelerating the metal bonding adhesives market size by 2024. Steadily improving GDPs coupled with improving per capita income of developing nations and increased usage of adhesives in the automotive industry are key factors which are likely to propel metal bonding adhesives market share over the estimated timespan.

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Major applications of metal bonding adhesives market are automobile & transportation, industrial equipment and consumer appliances industry. The automobile & transportation industry is the prime application sector of the industry. The product is broadly used in automobile & transportation industry by OEMs in automotive exteriors, panel bonding and chassis. The product is extensively used in body panels bonding in trucks & buses. The industrial equipment segment is the next largest application sector in the industry. The product is used as a substitute to conventional bonding systems for fastening and heat treatment. It has extensive application in industrial segment such as machine base plates, ultracentrifuge rotors, reaction injection molding machines, industrial and cooling water pumps.

The volatility in availability and prices of raw materials required in product manufacturing is a big challenge to metal bonding adhesives market size growth in the coming years. Nowadays, increasing awareness among consumers pertaining to environment protection and carbon footprint is compelling the product manufacturers for manufacturing light weight and low carbon emitting vehicles, which creates new growth opportunity for the metal bonding adhesives market.

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In 2015, Asia Pacific had a major chunk of the global metal bonding adhesives market size. Industrial growth and rapid urbanization resulting in rising disposable income in nations including Vietnam, India, Thailand and Indonesia along with augmented investments in petrochemicals, chemicals, food & beverages and oil & gas industries are the prime factors contributing to the industry growth in the region.

The key players in the metal bonding adhesives market share are Henkel AG, 3M company, Dow Chemicals, Lord Corporation, Parson Adhesives Incorporated, Solvay, HB Fuller, DELO Industrial Adhesives and Sika AG. These major industry share contributors are involved in strategic mergers and acquisitions in order to enhance their product offering and expand their global presence.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services