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Surging Commercial Aircraft Production to Offer Anaerobic Adhesives US$ 1 Bn Market Opportunity by 2032

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News provided by

Fact.MR

20 Jun, 2022, 14:30 GMT

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Anaerobic Adhesives Market to Reach US$ 570 Mn in 2022 Amid High Usage in Cable Closures

Fact.MR's latest study uncovers details on hidden opportunities in the anaerobic adhesives market. It delivers insights into vital trends favoring demand outlook across various segments in terms of product type, substrate, end use, and region. Besides, the report predicts growth prospects of the anaerobic adhesives market for the forecast period.

NEW YORK, June 20, 2022 /PRNewswire/ -- The global anaerobic adhesives market size is expected to reach US$ 1 Bn in 2032, expanding at a CAGR of 5.8% between 2022-2032. Increasing focus of key companies on the enhancement of their manufacturing techniques is set to drive the market.

Surging production of commercial aircraft carriers owing to the increasing number of air passengers worldwide is another crucial factor that would aid growth. As per Fact.MR, the global anaerobic adhesives market stood at US$ 546.8 Mn in 2021 and is estimated to be valued at US$ 570 Mn in 2022.

Besides, growing application of anaerobic adhesives in dashboard accessories, instrumentation amplifier boxes, idler bushings, hose fixings, and plastic knobs in the automotive and transportation sector is set to spur growth.

For Critical Insights on this Market, Get A Sample Report!

https://www.factmr.com/connectus/sample?flag=S&rep_id=7468

Moreover, demand for anaerobic adhesives in the electrical and electronics industry is set to surge at a rapid pace. These adhesives are extensively used in the industry for sealing, low-pressure molding, potting, and bonding.

Apart from the above-mentioned uses, anaerobic adhesives are required to encapsulate vital components, such as cable closures, splice assemblies, and connectors in the electrical and electronics industry.

In addition, high demand for numerous home appliances and consumer electronics is projected to aid growth. As per the India Brand Equity Foundation (IBEF), the electronics manufacturing industry in India is expected to reach US$ 520 Bn by 2025 and the demand for electronic products is projected to surge to US$ 400 Bn by 2025.

Rising disposable income and changing lifestyles of people in developing countries, such as India are thus expected to propel sales of electronic products in future. Emergence of waterproof tapes with superior properties is anticipated to bolster growth.

Key Takeaways:

  • The U.S. anaerobic adhesives market is set to create an absolute $ opportunity and exhibit a CAGR of 6.7% by 2032.
  • China is projected to grow steadily at a CAGR of 6.5% in the forecast period.
  • India anaerobic adhesives market is likely to expand at a 4.6% CAGR by 2032.
  • Based on product type, the thread lockers segment is estimated to remain at the forefront by generating a market share of 37.5% till 2032.
  • By substrate, the metal substrate category is likely to generate a considerable share of 47.8% in the evaluation period.
  • In terms of end use, nearly 36.5% of the anaerobic adhesives market share is set to be generated by the automotive and transportation category.

Growth Drivers:

  • Increasing investments by key players in research and development activities to create sustainable adhesives are projected to drive growth.
  • Surging usage of anaerobic adhesives in the production of several home appliances, including cloth dryers and washing machines is expected to fuel growth.

Restraints:

  • Anaerobic adhesives often exhibit poor performance when blended with some thermoplastics, which may hamper demand.
  • Anaerobic adhesives are not suitable for usage on porous surfaces and provide limited gap cure, which can obstruct sales.

Get Customization on this Report for Specific Research Solutions https://www.factmr.com/connectus/sample?flag=RC&rep_id=7468

Competitive Landscape:

The global anaerobic adhesives market is highly fragmented in nature with the presence of various large- and small-scale companies. The majority of the key players are focusing on enhancing their capabilities in terms of strategic mergers or acquisitions. Some of the others are striving to eliminate the tough competition among rivals by introducing state-of-the-art adhesives for a wide range of end-use industries.

For instance,

  • In February 2022, Bostik, a leading manufacturer of adhesive and sealing products based in France, expanded its Born2Bond Anaerobic Adhesives portfolio of Engineering Adhesives line by introducing more sustainable and safer WL range offering. It would provide unique anaerobic engineering adhesives to the Maintenance, Repair and Overhaul (MRO) industry.
  • In July 2020, Arkema S.A., a specialty chemicals and advanced materials company headquartered in France, purchased Fixatti, a Belgium-based high-performance thermobonding adhesive powder manufacturer. The acquisition would help the former to expand its range of hotmelt adhesive solutions for various niche applications, such as textile printing, construction, automotive, battery, and technical coating markets.

 Key Companies Profiled by Fact.MR

  • 3M
  • Henkel AG & Co. KGaA
  • Eastman Chemical Company
  • Permabond LLC.
  • ThreeBond Holdings Co. Ltd.
  • Anabond Limited
  • Cyberbond
  • Kisling AG
  • Parson Adhesives
  • Hylomar Ltd.

More Valuable Insights on Anaerobic Adhesives Market

In the latest study, Fact.MR offers a detailed study on global anaerobic adhesives market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of anaerobic adhesives through detailed segmentation as follows:

By Product Type:

  • Thread Lockers
  • Thread Sealants
  • Retaining Compounds
  • Gasket Sealants

By Substrate:

  • Metal
  • Plastic
  • Other Substrates

By End Use:

  • Automotive & Transportation
  • Electrical & Electronics
  • Industrial
  • Other End Uses

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Interested to Procure The Data? Inquire here

https://www.factmr.com/connectus/sample?flag=EB&rep_id=7468

Key Questions Covered in the Anaerobic Adhesives Market Report

  • What is the projected value of the anaerobic adhesives market in 2022?
  • At what rate will the global anaerobic adhesives market grow until 2032?
  • Which are the factors hampering the growth in the anaerobic adhesives market?
  • Which region is expected to lead in the global anaerobic adhesives market during 2022-2032?
  • Which are the factors driving the anaerobic adhesives market during the forecast period?
  • What is the expected market value of the anaerobic adhesives market during the forecast period?

Explore Fact.MR's Coverage on the Chemicals & Materials Domain

Adhesives Market: As per Fact.MR, the global adhesives market is expected to reach US$ 102.6 Bn in 2032 and exhibit a CAGR of 5% in the forecast period. Increasing demand for bio-based adhesives, such as epoxies, polyisoprenes, and polyamides extracted from vegetable oil, as well as soybean is projected to drive growth.

UV Cured Adhesives Market: Rapid expansion of the electronics and medical industries in both developed and developing countries is likely to augment the global UV cured adhesives market growth. Surging usage of UV cured adhesives in swab manufacturing and rapid ventilator assembly lines is also expected to spur growth.

Adhesive Bubble Wrap Market: Increasing demand for cost-effective and safer packaging solutions in the pharmaceutical and e-commerce sectors is estimated to boost growth. Ability of adhesive bubble wraps to protect delicate goods from external damage during transportation and shipping is another vital factor that is set to push sales.

Pressure Sensitive Adhesives Market Study: The market for acrylic pressure-sensitive adhesives is predicted to grow at a CAGR of about 5% until 2031, projects Fact.MR. The increased demand for lightweight and low-emission automobiles, as well as the increasing usage of low-cost flexible packaging aids, is majorly spurring adoption.

Structural Adhesive Market Study: The major demand for structural adhesive in the Asia Pacific is likely to come from automotive, infrastructure, marine, and truck and bus applications. North America and Europe are also expected to witness significant growth in the structural adhesive market.

UV Cured Adhesives Market Study: UV Cured Adhesives Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030. Fact.MR's report also talks about how electronics, packaging, and optical applications are set to grow at a stable rate over the long-term forecast period.

Textile Adhesives Market Study: The Asia Pacific region is the most promising market for textile adhesives, owing to the presence of textile manufacturing hubs in the region. The MEA region, Latin America and Eastern Europe will also offer revenue generation opportunities for textile adhesives market players.

Die Cut Adhesive Market Study: The global die-cut adhesive market is expected to expand at mid-single-digit CAGR during the forecast period, owing to the rapid growth in the manufacturing sector & to overcome the production time of the products with the help of ready to use die-cut adhesives.

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, chemical and materials, to even the most niche categories. 80% of Fortune 1000's trusts us in critical decision making.

Contact:
Mahendra Singh
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com 
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/713666/FactMR_Logo.jpg

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