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

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.