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Anaerobic Adhesives Market Expected To Grow At A Highest CAGR Over The Forecast Timeframe

Author : Rahul Varpe | Published Date : 2019-06-27 

Electrical & electronics deemed to be a profitable quotient for anaerobic adhesives market as the product is majorly used in automobile engine assembly. These anaerobic adhesives find application in various automotive & transport applications such as, transmission input, camshaft sprocket bolts, idler bearings, crankshaft bolts, output shaft threads, press fit filler tubes ring gear, plastic knobs, soundproofing, console assemblies, electrical component boxes, attachment screws, hose fasteners, and dashboard accessories. 

According to OICA, global automotive sales in 2016 was USD 93.8 million which is likely to grow at the end of forecast timeframe. This will increase the demand of anaerobic adhesives in next seven years down the line.

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The use of product in electrical & electronics industry is a positive indicator for the market growth due to its application in sealing, bonding, encapsulating, potting, low-pressure molding critical components such as cable closures, connectors, and splice assemblies. In 2015, the global demand for electronic components was valued at over USD 5 billion and will grow with a substantial CAGR in the coming days. Healthcare sector in developing nation will provide an opportunity for the growth of anaerobic adhesives market owing to its nontoxic nature. 

On the other hand, stringent regulatory regimes in North America and Europe regarding emission of volatile organic compounds (VOCs) along with slow automotive production in countries such as Japan, Brazil, Russia, Taiwan and Argentina will hamper the anaerobic adhesives market.

On the substrate basis, it is bifurcated into metal and plastics These products can be applied to high density plastics products only. If applied to low density plastics, it will cause cracking problems. In general, metals substrate holds major share of anaerobic adhesives market as they are best suited with metals such as copper, iron, steel, etc.

 
On end-user basis, the market is classified into automotive & transportation, electrical & electronics, and industrial applications. The other niche end-user application includes marine, textile, healthcare, etc. Among all, the global anaerobic adhesives market is likely to be led by electrical & electronics sector owing to trending miniature electronic devices, compelling the manufactures to produce thinner, lower weight, faster, smaller, powerful, energy efficient electronic systems. Industrial applications will witness high growth owing to replacement of mechanical fasteners in various end-user industries including metal working industry, consumer appliances, etc.

 Asia Pacific is depicted to have substantial growth and a major chunk in the anaerobic adhesives market share owing to growing industrialization in emerging countries such as China, India, South Korea. For instance, in 2014, Indian government has started an “Make in India” initiative program which allow foreign direct investments and help many manufacturing units to be set up in India. These factors will increase the production units and will further surge the anaerobic adhesives demand in next seven years.

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 The key participants in the market are Henkel AG & Co., DELO, The 3M Company, Permabond LLC, Kisling AG, Royal Adhesives & Sealants, ThreeBond Holdings Co. Ltd., H.B.Fuller (US), Nitto Denko Corporation Permabond LLC, Anabond Limited, Parson Adhesives, Cyberbond, Ecer, and Tonsan Adhesive Inc.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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