Anaerobic Adhesives Industry Is Expected To Grow At A 5.8% C...| MENAFN.COM

Tuesday, 07 February 2023 11:11 GMT

Anaerobic Adhesives Industry Is Expected To Grow At A 5.8% CAGR By 2032

(MENAFN- Ameliorate Digital Consultancy)

The global anaerobic adhesives market is expected to be worth US$ 648.5 million in fiscal year 2022, up from US$ 546.8 million in fiscal year 2021. From 2022 to 2032, the market is expected to grow at a 5.8% CAGR , reaching a value of US$ 1 billion by the end of 2032.

Anaerobic adhesives are metal adhesives that also occasionally cure swiftly in wood and plastic at ambient temperature. Only without air or oxygen can these adhesives cure. They have a moderate, unobtrusive odor and are regarded as less hazardous than other polymers. Anaerobic adhesives have a relatively small number of ideal uses, yet they are one of the most important adhesives when it comes to metal bonding.

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Rising in Demand for Anaerobic Adhesives

Anaerobic adhesives are becoming increasingly popular due to their ability to form strong bonds in the absence of oxygen. This type of adhesive is ideal for applications where oxygen can be detrimental to the bond, such as in the automotive, aerospace, and medical industries. The demand for anaerobic adhesives is rising due to their superior performance in these industries, as well as their ability to provide a cost–effective solution for many applications.

Additionally, anaerobic adhesives are becoming more widely available due to advances in technology and manufacturing processes. As a result, more companies are turning to anaerobic adhesives for their bonding needs.

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Competitive Landscape

The global anaerobic adhesives market is fragmented due to the existence of several anaerobic adhesives vendors. Leading anaerobic adhesive manufacturers are increasingly focusing on R&D in order to meet the demands of end-use sectors with adhesives suitable for all applications.

  • Henkel declared the launch of its Santa Clara, California, Application Center in 2022. This facility is intended to facilitate product development for the company's high-tech clients in the Silicon Valley area. The Application Center, which is a cutting-edge facility, will hasten activities to prove the viability of new electronic technologies. A complete co-development environment is provided by Henkel's Santa Clara Application Center, which also provides access to all the tools needed for technology development and testing. The roughly $2 million USD investment comprises, among other things, coating and jetting systems, dispensing robots, equipment for evaluating mechanical properties, and failure analysis capabilities. The building offers numerous safe collaboration areas for Henkel's technical specialists and its clients in addition to the hands-on lab, as well as online platforms providing options for virtual interaction.
  • Eastman Chemical Company and various of its subsidiaries declared in 2021 that they had agreed into a formal deal to sell their adhesives resins assets as well as operations to Synthomer plc for a total cash value of $1 billion dollars. The hydrocarbon resins (including Eastman Impera tyre resins), polyolefin polymers, pure monomer resins, oleochemical and fatty-acid derived resins along with rosins and dispersion product lines are included in the sale. Eastman's Additives & Functional Products section now includes the company. At closure, the ultimate acquisition price is subject to capital investment and other modifications. The transaction is expected to be neutral to modified profits per share in 2022, according to the business.

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Key Companies Profiled:

  • 3M
  • Henkel AG & Co. KGaA
  • Eastman Chemical Company
  • Permabond LLC.
  • ThreeBond Holdings Co. Ltd.
  • Anabond Limited
  • Cyberbond
  • Kisling AG
  • Parson Adhesives
  • Hylomar Ltd.
  • Fixatti

Key Segments Covered :

  • By Product Type :
    • Thread Lockers
    • Thread Sealants
    • Retaining Compounds
    • Gasket Sealants
  • By Substrate :
    • Metal
    • Plastic
    • Other Substrates
  • By End Use :
    • Automotive & Transportation
    • Electrical & Electronics
    • Industrial
    • Other End Uses
  • By Region :
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

Questionnaire answered in the report include:

  • How the industry has grown?
  • What is the present and future outlook on the basis of region?
  • What are the challenges and opportunities?
  • Why the consumption in region?
  • In which year segment is expected to overtake segment?

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