Metal Bonding Adhesives Market Size

Metal Bonding Adhesives Market Size

Metal Bonding Adhesives Market size valued at over USD 3.7 billion in 2017 and is likely to register a prominent CAGR of close to 6.3% to 2025.

Metal bonding adhesives market is mainly driven by its increasing applications ranging from design and production to repair, maintenance and field services. These composite are present in different viscosities, chemical resistances, electrical properties, cure times, colors, etc. It possesses characteristics such as abrasion resistance, vibration resistance, dimensional stability, thermal conductivity, low shrinkage, low outgassing and low coefficient of expansion. Recent developments in the automotive industry, new potential uses of adhesives to economically replace mechanical fastening such as welding, brazing or riveting and many other trends will strengthen the metal bonding adhesives market growth. For example, In the aircraft industry, metal bonding adhesives enable the use of thin metal & honeycomb structures more workable because stress bearing is transmitted more effectively by adhesives rather than by welds or rivets.

The new developments of industrial plants being installed and flourishing infrastructure developments in the developing markets are in favor for modern, state-of-the-art bonding and fastening techniques. These trends will result in emergence of new environmentally compatible adhesive systems having higher solids contents, like water based or hot melt products. Uniformly growing GDPs combined with rising per capita income of people of developing nations and increased usage of adhesives in several end-use industries such as aerospace, defense, electronics and pharma are key factors accounting for growth in metal bonding adhesives market share. The product is used in the healthcare industry for bonding purposes in dialysis machines, imaging & X-ray equipment, filters and needle bonding.

Rising demand for sustainable products that have low volatile organic compound (VOC) concentration, will generate lucrative opportunities for medium to small scale manufacturers. However, volatility in availability and prices of raw materials required in product manufacturing, will likely affect the metal bonding adhesives market.