Metal Bonding Adhesives: Introduction

  • Epoxies, polyurethane, and cyanoacrylate based adhesives are used for gluing metal to metal. Rapid growth of the automotive industry and new potential usage of metal adhesives in replacement of mechanical procedures such as welding, reverting, and brazing are some of the factors augmenting the global metal bonding adhesives market in the next few years.

Key Drivers of Global Metal Bonding Adhesives Market

  • Increase in adoption of metal bonding adhesives in industrial and automotive applications is likely to boost the metal bonding adhesives market. Implementation of strict governmental regulations to improve fuel economy is also expected to boost the global metal bonding adhesives market. Rise in application of metal adhesives in the health care sector is also likely to drive the metal bonding adhesives market in the next few years.
  • Metal bonding adhesives are known for their light weight properties. This is likely to help automotive manufacturers produce lightweight vehicles.
  • Metal bonding adhesives are used in the health care industry for bonding applications in dialysis machines, filters, needle bonding, and X-ray & imaging equipment

Epoxy Resin Type Segment to Dominate Global Market

  • Based on resin type, the epoxy segment dominated the metal bonding adhesives market in 2020. It was followed by the acrylic segment.
  • Epoxy-based adhesives are widely preferred for metal bonding, owing to their durability, high strength, temperature resistance, and excellent depth of cure. These adhesives are also known as Crash Durable Adhesives (CDA), as they encompass superior bonding properties resulting in improved crash resistance. Hence, epoxy-based metal bonding adhesives are widely preferred in manufacture of lightweight automotive parts.

Automotive & Transportation Application Segment to Dominate Global Market

  • The automotive & transportation segment is the major application segment of the metal bonding adhesives market. Metal bonding adhesives are extensively used in the automotive & transportation industry. They are widely used by original equipment manufacturers (OEMs) for automotive exteriors and panel bonding.
  • Metal bonding adhesives are also used for bonding body panels of buses and trucks. The industrial application is a key application segment of the metal bonding adhesives market.
  • Metal bonding adhesives are widely used in industrial applications, including ultracentrifuge rotors, machinery base plates, cooling water pumps, reaction injecting molding machines, cooling water pumps, and industrial pumps

Fluctuating Raw Material Prices to Restrain Global Market

  • Rapid fluctuation in raw material prices and low availability of the product are likely to restrain the global metal bonding adhesives market in the near future. However, availability of sustainable products with low volatile organic compound concentration is estimated to provide lucrative opportunities for small and medium scale players operating in the market.

COVID-19 Impact on Metal Bonding Adhesives Market

  • Restrictions on trade and shortage in supply of raw materials from China-based manufacturers due to the COVID-19 pandemic have resulted in a severe demand-supply gap for various products including metal bonding adhesives. Manufacturers are expected to be stranded on raw material orders owing to the logistics industry being significantly impacted due to lockdowns amid the COVID-19 pandemic.
  • Producers are anticipated to move away from China in order to lower the risks that would affect the business and reduce manufacturers' cluster in a single country in order to smoothen the supply chain

Asia Pacific to Hold Significant Share of Global Metal Bonding Adhesives Market

  • In terms of region, the global metal bonding adhesives market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific accounted for the major share of the metal bonding adhesives market in 2020. Rise in demand for metal bonding adhesives in the automotive industry is likely to be a key factor boosting the market in Asia Pacific. Growth in investment by multinational companies in the automotive industry is also expected to drive the market in the region during the forecast period. Growth in production of automobiles and rise in investments in building & construction activities are anticipated to augment the demand for metal bonding adhesives in Asia Pacific in the near future.
  • Expansion of automotive and construction sectors in North America is expected to increase the demand for metal bonding adhesives in the region. Presence of stringent regulations in North America and Europe and increase in environmental concerns are projected to propel the metal bonding adhesives in these regions.

Key Players Operating in Market

Companies are expected to invest significantly in research & development activities. Collaborations are also likely to emerge as one of the strategic initiatives adopted by companies engaged in new product development. Capacity expansion and new product launches are prevalent in the industry. Key players operating in the global metal bonding adhesives market include:

  • Henkel AG & Co. KGaA
  • H.B. Fuller
  • The 3M Company
  • Sika AG
  • The Dow Chemical Company
  • Arkema S.A.
  • Solvay S.A.
  • LORD Corporation
  • Parson Adhesives, Inc.

Global Metal Bonding Adhesives Market: Research Scope

Global Metal Bonding Adhesives Market, by Resin Type

  • Acrylic
  • Epoxy
  • Polyurethane
  • Silicone
  • Modified Phenolic Resin
  • Others

Global Metal Bonding Adhesives Market, by Application

  • Automotive & Transportation
  • Industrial
  • Appliances
  • Building & Construction
  • Others

Global Metal Bonding Adhesives Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

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All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
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The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

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Metal Bonding Adhesives Market