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Anaerobic Adhesives Market Size (2024 - 2029)

The anaerobic adhesives market is projected to experience significant growth over the forecast period, driven by the recovery of the automotive industry and increased demand from the electrical and electronics sectors. Despite the high cost of these adhesives posing a challenge, opportunities are emerging through advancements in research and development, the use of bio-based raw materials, and their expanding role in the renewable energy sector. The Asia-Pacific region is anticipated to lead the market, exhibiting the most rapid growth.

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Market Size of Anaerobic Adhesives Industry

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Anaerobic Adhesives Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 583.08 Million
Market Size (2029) USD 803.77 Million
CAGR (2024 - 2029) 6.63 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific

Major Players

Anaerobic Adhesives Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Anaerobic Adhesives Market Analysis

The Anaerobic Adhesives Market size is estimated at USD 583.08 million in 2024, and is expected to reach USD 803.77 million by 2029, growing at a CAGR of 6.63% during the forecast period (2024-2029).

COVID-19 negatively impacted the market in 2020. However, the market recovered significantly in 2021, owing to rising consumption from various end-user industries such as electrical and electronics, building and construction, and others.

  • Over the medium term, recovering the automotive industry and increasing demand from electrical and electronics industries are driving the growth of the studied market.
  • On the flip side, the high cost of anaerobic adhesives hinders the growth of the anaerobic adhesives market.
  • Nevertheless, increasing research and development and bio-based raw materials, coupled with growing prominence in the renewable energy market, are likely to act as lucrative opportunities for the studied market.
  • Asia-Pacific is likely to dominate the global anaerobic adhesives market and is likely to grow with the highest CAGR during the forecast period.

Anaerobic Adhesives Industry Segmentation

Anaerobic adhesives are adhesives for metal and, occasionally, for plastics and wood, which cure quickly at room temperature. These adhesives are cured only in the absence of air/oxygen. They are considered to be less toxic than other acrylics and have a mild, inoffensive odor. The optimal applications of anaerobic adhesives are relatively limited, while if there is a demand for metal bonding, it is considered one of the key adhesives. The anaerobic adhesives market is segmented by product type, end-user industry, and geography. By product type, the market is segmented into thread lockers, thread sealants, retaining compounds, and gasket sealants. By end-user industry, the market is segmented into automotive and transportation, electrical and electronics, industrial, building and construction, and other end-user industries. The report also covers the market size and forecasts for the anaerobic adhesives market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on value (USD million).

Product Type
Threadlockers
Thread Sealants
Retaining Compound
Gasket Sealants
End-user Industry
Automotive and Transportation
Electrical and Electronics
Industrial
Building and Construction
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Anaerobic Adhesives Market Size Summary

The anaerobic adhesives market is poised for significant growth over the forecast period, driven by increasing demand from the automotive and electrical and electronics industries. The market experienced a downturn due to the COVID-19 pandemic but rebounded strongly as these sectors recovered. The automotive industry, in particular, is a major consumer of anaerobic adhesives, utilizing them in various applications such as engine sealing and thread-locking. The shift towards electric vehicles is further propelling the adoption of these adhesives, as they offer advantages over traditional mechanical fasteners, such as accommodating thermal expansion and resisting corrosion. Despite the high cost of anaerobic adhesives posing a challenge, advancements in research and development, along with the use of bio-based raw materials, present promising opportunities for market expansion.

Asia-Pacific is expected to dominate the global anaerobic adhesives market, with countries like China and India playing pivotal roles due to their burgeoning automotive and aerospace sectors. China's position as a leading automobile manufacturer and its rapid growth in electric vehicle production underscore the region's significance. Similarly, India's expanding consumer electronics and construction industries contribute to the rising demand for anaerobic adhesives. The market is semi-consolidated, with major players like Henkel AG & Co. KGaA, 3M, and H. B. Fuller Company holding substantial market shares. Recent investments in manufacturing and R&D facilities by companies such as Parson Adhesives and Krylex highlight the industry's commitment to meeting growing demand and innovating new products.

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Anaerobic Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Recovering Automotive Industry

      2. 1.1.2 Increasing Demand From The Electrical And Electronics Industries

    2. 1.2 Restraints

      1. 1.2.1 High Cost Of Anaerobic Adhesives

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products And Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Product Type

      1. 2.1.1 Threadlockers

      2. 2.1.2 Thread Sealants

      3. 2.1.3 Retaining Compound

      4. 2.1.4 Gasket Sealants

    2. 2.2 End-user Industry

      1. 2.2.1 Automotive and Transportation

      2. 2.2.2 Electrical and Electronics

      3. 2.2.3 Industrial

      4. 2.2.4 Building and Construction

      5. 2.2.5 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Anaerobic Adhesives Market Size FAQs

The Anaerobic Adhesives Market size is expected to reach USD 583.08 million in 2024 and grow at a CAGR of 6.63% to reach USD 803.77 million by 2029.

In 2024, the Anaerobic Adhesives Market size is expected to reach USD 583.08 million.

Anaerobic Adhesives Market Report Snapshots

Anaerobic Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)