USD 648.5 million
Report ID:
SQMIG15A2331 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
89
|Figures:
76
Anaerobic Adhesives Market size was valued at USD 686.11 Million in 2023 and is poised to grow from USD 725.9 Million in 2024 to USD 0 Million by 2032, growing at a CAGR of 5.8% during the forecast period (2025-2032).
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.
Global Market Size
USD 648.5 million
Largest Segment
Automotive
Fastest Growth
Automotive
Growth Rate
5.8% CAGR
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Global Anaerobic Adhesives Market is segmented by Product, by Adhesive Type, by Substrate, by End Use and by Region. Based on Product, the market is segmented into Thread locker, Thread Sealants, Retaining Compounds, Gasket Sealants. Based on Adhesive Type, the market is segmented into Acrylic, Silicone, Butyl, Others. Based on Substrate, the market is segmented into Metals, Plastics, Rubber, Others. Based on End User, the market is segmented into Automotive & Transportation, Electrical & Electronics, Industrial, Healthcare, Building & Construction, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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.
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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.
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Anaerobic Adhesives Market Drivers
Rise of Industrialization and Demand from Automotive Industry
Anaerobic Adhesives Market Restraints
High Cost
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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
Anaerobic Adhesives Market Recent Developments
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 2022 | USD 648.5 million |
Market size value in 2030 | USD 2.22 million |
Growth Rate | 5.8% |
Base year | 2023 |
Forecast period | 2023-2030 |
Forecast Unit (Value) | USD Million |
Segments covered |
|
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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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.
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Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
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Report ID: SQMIG15A2331
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