USD 648.5 million
Anaerobic Adhesives Market Size, Share, Growth Analysis, By Adhesive(Acrylic, silicone and butyl), By Substrate(Plastic, metal and rubber.), By End user(Automotive, healthcare, building and construction, electrical and electronics and packaging), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2331 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
89
|Figures:
76
Anaerobic Adhesives Market Insights
Anaerobic Adhesives Market size was valued at USD 648.5 million in 2022 and is poised to grow from USD 686.11 million in 2023 to USD 2.22 million by 2030, at a CAGR of 5.8% during the forecast period (2023-2030).
This growth can be attributed to several key factors. The increasing demand for anaerobic adhesives in emerging economies like India and China, their widespread use across diverse industries such as automotive, healthcare, packaging, and others, and their application in sealing and bonding industrial devices are driving market expansion.
Anaerobic adhesives are eco-friendly and non-toxic, making them ideal for fastening and adhesion purposes between metal surfaces in the absence of oxygen.
The construction industry's rising adoption of anaerobic adhesives, along with their use in electrical and electronics manufacturing and various other end-user verticals in emerging economies, will further propel market growth.
The awareness of the environmental benefits of anaerobic adhesives, increased R&D investments by major companies, rapid industrialization, urbanization, and focus on technological advancements are also contributing factors.
However, challenges such as high manufacturing costs, supply chain disruptions due to lockdowns, volatility in raw material prices, and the need for special primers for passive metals or inert surfaces may hinder market growth.
Moreover, strict global trade restrictions, lack of awareness and advanced infrastructural facilities in underdeveloped economies, and the availability of low-cost alternatives in the market could limit market opportunities.
US Anaerobic Adhesives Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
automotive
Fastest Growth
automotive
Growth Rate
5.8% CAGR
Global Anaerobic adhesives market by region
Country Share for Asia Pacific (%)
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Anaerobic Adhesives Market Segmental Analysis
The anaerobic adhesives market is divided into three segments based on adhesive type, substrate type, end user, and region. Under adhesive type, it includes acrylic, silicone, and butyl adhesives. The substrate type segment consists of plastic, metal, and rubber. Lastly, the end-user segment comprises automotive, healthcare, building and construction, electrical and electronics, and packaging industries. By region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.
Anaerobic Adhesives Market Analysis by Adhesive
The largest segment in the anaerobic adhesives market is likely to be acrylic adhesives. Acrylic adhesives are widely used in various industries due to their excellent bonding capabilities, high strength, and resistance to environmental factors. They are extensively used in automotive and electronics industries for bonding metal and plastic components. The growing demand for vehicles and consumer electronics is expected to drive the market for acrylic anaerobic adhesives.
The fastest-growing segment in the anaerobic adhesives market is expected to be silicone adhesives. Silicone adhesives offer unique properties such as flexibility, high-temperature resistance, and excellent sealing capabilities. They find applications in the healthcare industry for medical device assembly and in the construction industry for sealing purposes. The increasing use of silicone anaerobic adhesives in emerging economies and the growing demand for advanced medical devices are anticipated to fuel the growth of the silicone adhesive segment in the anaerobic adhesives market.
Anaerobic Adhesives Market Analysis by Substrate
Among the substrate types, the largest segment in the anaerobic adhesives market is likely to be metal. Metal substrates are widely used in various industries, including automotive, aerospace, and machinery manufacturing. The high demand for metal anaerobic adhesives can be attributed to their strong bonding capabilities and resistance to harsh environmental conditions, making them suitable for a wide range of applications.
The fastest-growing substrate type in the anaerobic adhesives market is expected to be plastic. The increasing use of plastics in various industries, such as automotive, electronics, and medical devices, is driving the demand for anaerobic adhesives suitable for bonding plastic substrates. With advancements in plastic technology and the development of high-performance plastics, there is a growing need for specialized anaerobic adhesives that can effectively bond plastic components, leading to the rapid growth of this segment. Additionally, the trend towards lightweight materials in automotive and aerospace industries is further boosting the demand for anaerobic adhesives for plastic substrates.
Anaerobic Adhesives Market Analysis by End user
Among the segments, the automotive industry is currently the largest end user of anaerobic adhesives, driven by the robust growth of the automotive sector globally. However, the healthcare and electronics industries are expected to be the fastest-growing end users, propelled by advancements in medical devices and increasing demand for electronic products. Additionally, the building and construction industry is also expected to witness significant growth due to infrastructure development activities in emerging economies. The packaging sector is projected to exhibit steady growth due to the rise of online shopping and increased focus on sustainable packaging solutions.
Global Anaerobic adhesives market by end-user
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Anaerobic Adhesives Market Regional Insights
The anaerobic adhesives market report covers several countries across different regions. In the Asia-Pacific region, the market is dominated by countries like China, Japan, and India, where there is a strong demand for anaerobic adhesives. The presence of major players in this region and the highest concentration of automobile manufacturing units and spare parts contribute to the market's growth. Additionally, the region's high rate of urbanization and modernization, along with its large population, further fuels the demand for anaerobic adhesives.
Furthermore, the growth and expansion of various end-user industries, along with increased research and development activities, drive the market in Asia-Pacific. The favorable investment policies by governments to promote industrial growth, coupled with the region's high economic growth in emerging countries, attract investments from both public and private manufacturers. Moreover, the abundant availability of raw materials in the region contributes to the growth of the anaerobic adhesives market. Overall, the Asia-Pacific region presents significant growth opportunities for the anaerobic adhesives market, and various public and private manufacturers are making substantial investments in the region to capitalize on these opportunities.
Global Anaerobic adhesives market by region
- Largest
- Fastest
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Anaerobic Adhesives Market Dynamics
Anaerobic Adhesives Market Drivers
Rise of Industrialization and Demand from Automotive Industry
- The increasing pace of industrialization and urbanization worldwide is driving the demand for these adhesives. The building and construction industry has witnessed a surge in demand for anaerobic adhesives because of their high shear strength and temperature resistance, making them well-suited for this sector. Additionally, the market is driven by the superior sustainable properties offered by anaerobic adhesives.
- The automotive & transportation and electrical & electronics industries are also significant contributors to the growing demand for anaerobic adhesives. Manufacturers of anaerobic adhesives are actively engaged in research and development activities aimed at enhancing renewable adhesives and addressing the limitations of conventional fastening methods. These efforts play a crucial role in propelling the growth of the global market for anaerobic adhesives. As a result, the market is expected to witness substantial expansion in the coming years.
Anaerobic Adhesives Market Restraints
High Cost
- Despite the numerous applications and advantages of anaerobic adhesives, their high cost poses a significant challenge to market growth. Additionally, these adhesives often require special primers for passive metals, large bond gaps, or inert surfaces, leading to additional manufacturing expenses. Moreover, there is a risk of damaging thermoplastics in certain cases. These factors collectively limit the overall demand for anaerobic adhesives and act as constraints on the global market's expansion.
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Anaerobic Adhesives Market Competitive Landscape
The competitive landscape of the anaerobic adhesives market is characterized by the presence of several key players striving to gain a competitive edge in the industry. These companies are continuously engaged in research and development activities to introduce innovative products and enhance their market position. They focus on expanding their product portfolios, improving adhesive properties, and catering to various end-user industries. Prominent players in the market are actively engaging in strategic partnerships, acquisitions, and collaborations to strengthen their market foothold and broaden their global presence. Additionally, significant investments in marketing and distribution networks are observed to expand their customer base.
Anaerobic Adhesives Market Top Player’s Company Profiles
- Henkel AG & Co. KGaA - Germany
- 3M Company - United States
- Sika AG - Switzerland
- H.B. Fuller Company - United States
- Illinois Tool Works Inc. - United States
- Permabond LLC - United Kingdom
- Royal Adhesives & Sealants LLC - United States
- ThreeBond Holdings Co., Ltd. - Japan
- Hernon Manufacturing Inc. - United States
- DELO Industrie Klebstoffe GmbH & Co. KGaA - Germany
- Dow Inc. - United States
- Huntsman Corporation - United States
- LORD Corporation (Parker Hannifin Corporation) - United States
- Parson Adhesives Inc. - United States
- Pidilite Industries Limited - India
- Avery Dennison Corporation - United States
- Bostik SA (Arkema Group) - France
- Dymax Corporation - United States
- Master Bond Inc. - United States
- Wacker Chemie AG - Germany
Anaerobic Adhesives Market Recent Developments
- In 2022, the joint venture company GAC Honda initiated the building of a new car plant in Guangzhou, China. This state-of-the-art facility is set to have a significant production capacity, enabling the manufacture of up to 120,000 electric vehicles annually. The plant's construction is anticipated to be completed by 2024, and production is scheduled to commence at that time.
Anaerobic Adhesives Key Market Trends
- The anaerobic adhesives market is witnessing several key trends that are shaping its growth trajectory. One significant trend is the increasing demand for anaerobic adhesives in various end-user applications, including automotive, healthcare, building and construction, electrical and electronics, and packaging. The superior shear strength and temperature resistance offered by anaerobic adhesives make them suitable for these industries. Another trend is the rising focus on sustainable and environmentally friendly solutions, driving manufacturers to invest in research and development to improve renewable adhesives and overcome the limitations of conventional fastening methods. This emphasis on sustainability is likely to drive the adoption of anaerobic adhesives in various industries. Additionally, rapid industrialization and urbanization worldwide are fueling the demand for anaerobic adhesives as they find extensive applications in meeting the needs of modern manufacturing processes. However, the high cost of these adhesives and the requirement for special primers for certain substrates remain challenges for market growth. Overall, the market is poised for steady growth as advancements in technology and expanding end-user industries drive the adoption of anaerobic adhesives.
Anaerobic Adhesives Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the future prospects of the anaerobic adhesives market appear promising with expected growth driven by increasing industrialization and urbanization globally. The demand for anaerobic adhesives is anticipated to rise due to their application in various industries such as automotive, building & construction, and electrical & electronics. Manufacturers are focusing on research and development to improve renewable adhesives and address limitations of conventional fastening methods. However, challenges like high costs, the need for special primers, and potential damage to thermoplastics may limit market growth. Despite these challenges, the market is projected to witness expansion as industries seek reliable and sustainable adhesive solutions for their products.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 648.5 million |
| Market size value in 2031 | USD 2.22 million |
| Growth Rate | 5.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Anaerobic Adhesives Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Anaerobic Adhesives Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Anaerobic Adhesives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Anaerobic Adhesives Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Anaerobic Adhesives Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Anaerobic Adhesives Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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