According to the report "Metal Bonding Adhesives Market by Resin Type (Acrylic, Epoxy, Polyurethane, Silicone, and Modified Phenolic Resin), Application (Automotive & Transportation, Industrial, and Appliances), and Region - Global Forecast to 2021" by MarketsandMarkets, the metal bonding adhesives market was valued at USD 5.30 Billion in 2015 and is projected to reach USD 7.70 Billion by 2021, at a CAGR of 6.5% from 2016 to 2021.
|Increasing Adoption for Automotive Applications Drives
Metal Bonding Adhesives Market: M&M
Regulations to Enhance Fuel Economy
Growth of the metal bonding adhesives market is propelled by the increasing adoption of metal bonding adhesives for automotive and industrial applications. Stringent government regulations to enhance fuel economy are further anticipated to boost the growth of the market.
Epoxy-based Metal Bonding Adhesives
The epoxy-based metal bonding adhesives segment is the largest resin type segment of the metal bonding adhesives market, followed by the acrylic-based metal bonding adhesives segment. Epoxy-based adhesives are widely preferred for:
- Metal bonding
- High strength
- Temperature resistance
- Excellent depth of cure
These adhesives are also known as Crash Durable Adhesives (CDA)
, as they encompass superior bonding properties resulting into improved crash resistance. Hence, epoxy-based metal bonding adhesives are widely preferred in manufacturing lightweight automotive parts.
Automotive & Transportation: Largest Application Segment
The automotive & transportation segment is the largest application segment of the metal bonding adhesives market. Metal bonding adhesives are extensively used in the automotive & transportation industry. These are widely used by Original Equipment Manufacturers (OEMs)
for automotive exteriors and panel bonding.
- Metal bonding adhesives are also used for bonding body panels of buses and trucks. The industrial application is the second-largest application segment of the metal bonding adhesives market.
- Metal bonding adhesives are used in industrial applications as an alternative to traditional bonding methods for heat treatment and fastening.
- Metal bonding adhesives are widely used in industrial applications, including ultracentrifuge rotors, machinery base plates, cooling water pumps, reaction injecting molding machines, cooling water pumps, and industrial pumps.
- Metal-to-metal bonding applications in the construction industry, such as scrapers and trenchers are considered under the industrial segment.
Asia-Pacific: Largest Regional Segment
The Asia-Pacific region was the largest regional segment of the metal bonding adhesives market, in terms of value and volume, in 2015. Industrial growth in countries such as India, Vietnam, Indonesia, and Thailand, and increased investments in chemicals, petrochemicals, oil & gas, and food & beverages industries are key factors driving the growth of the metal bonding adhesives market in the Asia-Pacific region.
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