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Metal Bonding Adhesives Market Size (2024 - 2029)

The metal bonding adhesives market is projected to experience significant growth over the forecast period, driven by increasing demand from the automotive and transportation sectors. Despite challenges such as raw material price volatility due to geopolitical tensions, the market is on a recovery path following the initial negative impact of the COVID-19 pandemic. The development of bio-based adhesives presents new opportunities for expansion. The Asia-Pacific region holds the largest market share and is anticipated to be the fastest-growing area, fueled by rising consumption in countries like China, India, and Japan.

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Market Size of Metal Bonding Adhesives Industry

Metal Bonding Adhesives Market - Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 6.66 Billion
Market Size (2029) USD 8.91 Billion
CAGR (2024 - 2029) > 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Metal Bonding Adhesives Market - Key Players

*Disclaimer: Major Players sorted in no particular order

Metal Bonding Adhesives Market Analysis

The Metal Bonding Adhesives Market size is estimated at USD 6.66 billion in 2024, and is expected to reach USD 8.91 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).

The COVID-19 pandemic significantly impacted the metal bonding adhesive market by disrupting the supply chain, causing production to slow down and shut down and an economic downturn. While the initial impact of COVID-19 was negative, the market appears to be on a recovery path during the forecast period.

  • Major factors driving the market studied are growing demand from the automotive and transportation industry.
  • On the flip side, volatility in raw material prices, due to the rising geopolitical tensions between various nations is hindering the growth of the market.
  • Innovation and development of bio-based adhesives to open new opportunities for the market.
  • The Asia-Pacific region represents the largest market, and it is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries, such as China, India, and Japan.

Metal Bonding Adhesives Industry Segmentation

Metal bonding adhesives are high-performance adhesives or chemicals used to join or connect two or more metal surfaces together with a bond that is strong and flexible enough to resist separation when subjected to movements, stress, high temperatures, and other adverse conditions.

The metal bonding adhesives market is segmented by resin type, application, and geography. By resin type, the market is segmented into acrylic, epoxy, polyurethane, silicone, and other resin types (bio-based resins, hybrid, etc.). By application, the market is segmented into automotive and transportation, aerospace and defense, electrical and electronics, industrial assembly, construction and infrastructure, and other applications (marine, medical, etc.). The report also covers the market size and forecasts for the metal bonding adhesives market in 27 countries across major regions.

For each segment, the market sizing and forecasts have been done based on value (USD).

Resin Type
Acrylic
Epoxy
Polyurethane
Silicone
Other Resin Types (Bio-Based Resins, Hybrid, etc.)
Application
Automotive and Transportation
Aerospace and Defense
Electrical and Electronics
Industrial Assembly
Construction and Infrastructure
Other Applications (Marine, Medical, etc.)
Geography
Asia-Pacific
China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
NORDIC
Turkey
Russia
Rest of Europe
South America
Brazil
Argentina
Colombia
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Nigeria
Qatar
Egypt
UAE
Rest of Middle-East and Africa
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Metal Bonding Adhesives Market Size Summary

The metal bonding adhesives market is poised for significant growth, driven primarily by increasing demand from the automotive and transportation sectors. These adhesives are essential for fabricating various components such as chassis, exteriors, and frames, offering advantages like weight reduction and enhanced strength. The aerospace industry also relies on these adhesives for their durability and temperature resistance. Despite challenges such as raw material price volatility due to geopolitical tensions, the market is expected to recover and expand, with innovation in bio-based adhesives presenting new opportunities. The Asia-Pacific region, particularly countries like China, India, and Japan, is anticipated to be the fastest-growing market, fueled by the burgeoning automotive and electronics industries.

The market landscape is characterized by a partial consolidation with key players like Henkel AG & Co. KGaA, 3M, H.B. Fuller Company, Arkema, and Sika AG leading the charge. Recent developments, such as Saint-Gobain's launch of new adhesive products and Shurtape Technologies' innovative solutions, highlight ongoing advancements in the industry. The Asia-Pacific region's growth is further supported by the relocation of manufacturing hubs to countries with cost-effective resources, alongside increasing investments in the industrial and electronics sectors. This dynamic environment is expected to drive the demand for metal bonding adhesives, particularly in the context of rising automotive production and construction activities in the region.

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Metal Bonding Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from the Automotive and Transportation Industry

      2. 1.1.2 Increased Consumption from Construction and Infrastructure Sector

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Stringent Regulatory Policies

      2. 1.2.2 Sustainability Concerns

    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 Resin Type

      1. 2.1.1 Acrylic

      2. 2.1.2 Epoxy

      3. 2.1.3 Polyurethane

      4. 2.1.4 Silicone

      5. 2.1.5 Other Resin Types (Bio-Based Resins, Hybrid, etc.)

    2. 2.2 Application

      1. 2.2.1 Automotive and Transportation

      2. 2.2.2 Aerospace and Defense

      3. 2.2.3 Electrical and Electronics

      4. 2.2.4 Industrial Assembly

      5. 2.2.5 Construction and Infrastructure

      6. 2.2.6 Other Applications (Marine, Medical, etc.)

    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 Malaysia

        6. 2.3.1.6 Thailand

        7. 2.3.1.7 Indonesia

        8. 2.3.1.8 Vietnam

        9. 2.3.1.9 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 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Spain

        6. 2.3.3.6 NORDIC

        7. 2.3.3.7 Turkey

        8. 2.3.3.8 Russia

        9. 2.3.3.9 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 Colombia

        4. 2.3.4.4 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 Nigeria

        4. 2.3.5.4 Qatar

        5. 2.3.5.5 Egypt

        6. 2.3.5.6 UAE

        7. 2.3.5.7 Rest of Middle-East and Africa

Metal Bonding Adhesives Market Size FAQs

The Metal Bonding Adhesives Market size is expected to reach USD 6.66 billion in 2024 and grow at a CAGR of greater than 5% to reach USD 8.91 billion by 2029.

In 2024, the Metal Bonding Adhesives Market size is expected to reach USD 6.66 billion.

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