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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.
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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.
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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.