Metal Bonding Adhesives Market Analysis

Metal Bonding Adhesives Market Analysis

On the basis of resin type, the global metal bonding adhesives market has been segmented into epoxy based, polyurethane based, acrylic based and others such as silicone based, polysulfide based, cyanoacrylate, modified phenolic based etc. Based on volume, the epoxy segment is said to hold the maximum share of over 40% due to its significant usage in automotive, optical, medical, chemical processing, electronics and other industries. The product also has extended application in aerospace industry for fabricating satellite repair & assembly, solar arrays & panels, honeycomb parts & bonding, rotor blades and braking systems. Thus, epoxy-based products are widely considered in producing light-weight and durable components.
 

Based on revenue, the acrylic segment held a substantial metal bonding adhesives market share of more than 25%. Acrylic based adhesives are ideal for extended UV exposure and high temperatures, while offering long-term stability and solvent resistance. Polyurethane adhesive is poised to gain moderate market share from 2018 to 2025.
 

The global metal bonding adhesives market has been segmented on the basis of end-user into automobile & transportation, aerospace & defense, electronics & consumer appliances, medical & Pharma, industrial assembly and others. The others segment includes construction, textiles, etc. In 2017, automobile & transportation segment held a prominent share of more than 25% of the global metal bonding adhesives market. The product is broadly used in automobile & transportation industry by original equipment manufacturers for fabricating its chassis, automotive exteriors, panel bonding, frames & reinforcement etc. of passenger as well as heavy vehicles.

The industrial assembly segment is the next largest end-user in the metal bonding adhesives market. Metal bonding adhesives are used as an alternative to conventional bonding for sealing, heat treatment and fastening. It has large-scale employment in industrial assembly such as reciprocating machinery, machine base plates, reaction injection molding machines, ultra-centrifuge rotors, and cooling water pumps. This trend is projected to boost the overall industry growth during the forecast spell.
 

Based on revenue, Asia Pacific metal bonding adhesives market will witness significant growth owing to growing demand for technologically advanced consumer electronics and automobile production in China that held a regional market share of over 25% in 2017. Recovery in the industrialized nations and a strong upswing in the emerging markets of China, India, Vietnam, Thailand and Indonesia will augment investments in food & beverages and oil & gas industries. In addition, relocation of manufacturing hubs due to accessibility of cost-effective raw material and labor in India, Thailand, Indonesia and China, coupled with increasing investments by multinationals in automobile sector and growing competition among market players to hold a manufacturing base in APAC are major aspects stimulating the revenue outflow of metal bonding adhesives market size in the region. For instance, the central government of the People's Republic of China initiated 46 pilot projects, with main stress on technological advancement to enforce smart manufacturing as part of its ‘Made in China 2025’ initiative.