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Anaerobic Adhesives Market Size
Anaerobic Adhesives Market was valued at around USD 641.5 million in 2022 and is projected to grow at a CAGR of over 5.6% between 2023 and 2032. There is increased demand for anaerobic adhesives in automotive, electronics and aircraft applications that are driven by better performance bonds.
In addition, more emphasis on light and high-performance materials in manufacturing process also support upsurge of the market demand. Added on this, the growth in microelectronics creates additional need for anaerobic adhesives among others, making the Asia pacific region quite a potential market contributor.
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 641.5 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5.6% |
| 2032 Value Projection: | USD 1.10 Billion |
| Historical Data for: | 2018 – 2022 |
| No. of Pages: | 180 |
| Tables, Charts & Figures: | 246 |
| Segments covered: | Product Type, Adhesive Type, Substrate Type, End-user Industry and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Sensitivity to environmental factors and substrates can limit the effectiveness of anaerobic adhesives, as they require specific conditions for curing and bonding, making them less versatile in certain applications.
COVID-19 Impact
The anaerobic adhesives market was affected by the COVID-19 pandemic. Temporary slowdown due to lockdowns, interruption of supply chain, less manufacturing activeness, and decreased demand from other sectors for instance, aerospace and automobile. The market also experienced high demand in such categories such as medical devices manufacture and repair since the pandemic brought out the essence of adhesives in different application.
Anaerobic Adhesives Market Trends
Anaerobic adhesives industry trends are shaping the competitive landscape as firms seek more efficient formulations that will enhance their products’ performances while minimizing pollution during processing. The trends that are being observed include a move towards nature friendly adhesives that contain low VOC emissions and the evolution of fast setting curing technologies for more reliable bonding. Also, it is now possible to find various innovative uses of anaerobic adhesive in auto industries especially. In addition, shifting centers of manufacturing regions especially in Asian countries are also affecting markets dynamics and growth prospects.
Anaerobic Adhesives Market Analysis
Based on product type, the market is segmented as threadlockers, retaining compounds, gasket sealants, thread sealants, structural adhesives, and others. Threadlockers held a majority market value of USD 237.8 million in 2022. There is a growing demand for threadlockers and retaining compounds within the market particularly in the manufacturing and maintenance. Many industries now focus on preventative care, so these items keep important threads tight and help machines operate effectively. There is also a move away from traditional towards performance-driven products engineered to cater for unique industrial requirements.
Based on adhesive type, the market is segmented as acrylic, silicone, butyl, and others. Acrylic segment held a dominant market share of around 49% in 2022 and is expected to grow at a lucrative pace through 2032. The usage of acrylic and silicon-based adhesives is growing in the market for Anaerobic Adhesives because they have many bonding properties. Structural usage is the strong point of acrylics and resistance to high temperature is what silicones have to offer. An interesting one is an upswing in environmentally friendly types of anaerobic bond and consequently more in eco segments of their application, mostly in auto and electronics industry.
Based on substrate type, the market is segmented as plastics, metal, rubber, and others. Metal segment held a dominant market share of around 47% in 2022 and is expected to grow at a lucrative pace till 2032. Both plastics and metal divisions of the anaerobic adhesives market are expanding because they find wide applications in many fields. Lightweight plastics take advantage of the trend for lightweighting whilst metals can perform well in heavy stress or rough operating environments. Also new developments in adhesives compounds improve adherence between all categories.
Based on end-user industry, the market is segmented as manufacturing, automotive, electronics, aerospace, construction, and others. Manufacturing segment held a dominant market share of around 37% in 2022 and is expected to grow at a lucrative pace up to 2032. The demand for lightweight and high-performance materials is growing in manufacturing sectors of the anaerobic adhesives industry. Threadlockers enhance assembly efficiency and safety in automotive sectors that are moving towards electric vehicle productions leading to an increase in the use of adhesive.
U.S. dominated the North American region with majority market share and a revenue of USD 154.2 million in 2022 and is anticipated to expand at a significant pace from 2023-2032. There is a huge demand in the US market based on the growth of these industries. Electric vehicle assembly and sustainability initiatives as well as improved curing technologies define the market. Additionally, advancements towards new formulations and developments lead to gradual anaerobic ahesives industry progression.
Anaerobic Adhesives Market Share
Major players operating in the anaerobic adhesives industry include:
- Henkel AG & Co. KGaA
- H.B. Fuller
- 3M Company
- Illinois Tool Works Inc.
- Permabond Engineering Adhesives
- Cyberbond LLC
- ThreeBond Holdings Co., Ltd.
- Parson Adhesives, Inc.
- DELO Industrial Adhesives
- Royal Adhesives & Sealants, LLC
- Anabond Limited
- Hernon Manufacturing, Inc.
- LORD Corporation
- Chemence Ltd.
- RS Industrial, Inc.
Henkel AG & Co. KGaA, and 3M Company have captured substantial market shares in the Asia pacific market, driven by companies in the Asia-Pacific region, driven by the surging demand for anaerobic adhesives products, particularly in China and India. The Asia-Pacific region, the world's largest anaerobic adhesives industry, is poised for continued growth due to rapid economic development, urbanization, and increasing demand across industries such as automotive, chemicals, ceramics, and aerospace. As leading producers, Henkel AG & Co. KGaA, and 3M Company are well-positioned to cater to this escalating demand in the region.
Anaerobic Adhesives Industry News
- In May 2023, Permabond has introduced its latest fire-retardant adhesive, TA4230, which boasts fast curing and high-strength properties. This adhesive has undergone third-party testing to meet UL94-V0 requirements and stands out for its superior toughness and rapid curing compared to most other fire-retardant adhesives. TA4230 is toughened acrylic adhesive capable of bonding metals, plastics, composites, ceramics, and various substrates with excellent shear strength and minimal surface preparation.
- In May 2019, Henkel Corp. has expanded its Recycling Program to provide recycling options for its Loctite brands in the additive manufacturing sector. The company's partnership with TerraCycle underscores its dedication to sustainability. Henkel, in collaboration with TerraCycle, claims to have been the first company globally to offer a recycling solution for anaerobic adhesive packaging, demonstrating its commitment to eco-friendly practices in the industry.
Anaerobic adhesives market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Kilo Tons from 2018 to 2032, for the following segments:
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Market, By Product Type
- Threadlockers
- Retaining Compounds
- Gasket Sealants
- Thread Sealants
- Structural Adhesives
- Others
Market, By Adhesive Type
- Acrylic
- Silicone
- Butyl
- Others
Market, By Substrate Type
- Plastics
- Metal
- Rubber
- Others
Market, By End-user Industry
- Manufacturing
- Automotive
- Electronics
- Aerospace
- Construction
- Others
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Thailand
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
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