Global metal bonding adhesives market research report- information by type (Epoxy, Polyurethane, acrylic, other), by Application (Automotive & Transportation, Industrial Equipment, and Consumer Appliances) – forecast till 2023

Pune, India -- (SBWire) -- 07/19/2018 --Metal Bonding Adhesive Market – Overview

Metal Bonding Adhesive is extensively used in some of the end use application such as industrial equipment, consumer appliances, automotive & transportation, and others. The Metal Bonding Adhesive Market is anticipated to witness significant growth on account of their unique properties coupled with excellent usage in various end use industries specifically in electrical & electronics and automotive. Among the end use application segment, in 2016, automotive & transportation holds for the largest end use application segment and is estimated to retain their dominance over the forecast period due to increasing automotive production and sales in developing countries. The factors attributed to the market growth are growing automotive & transportation sector in developing economies, continuous growth of construction sector, and high adoption rate in consumer appliance industries. Furthermore, rising tourism activities in developing countries of Asia Pacific and Middle East & Africa and growing aviation sector coupled with metal bonding adhesive based products is estimated to propel the growth of the market over the forecast period.

Regionally, Asia Pacific is projected to hold the largest Metal Bonding Adhesive Market share in 2016 which is followed by Europe and further trailed by North America. In North America the Metal Bonding Adhesive Market is estimated to exhibit steady growth over the assessment period owing to substantial growth of consumer appliance as well as aviation industry in this region. Asia Pacific is expected to witness remarkable growth during the review period in Metal Bonding Adhesive Market owing to increasing application of metal bonding adhesive in various end use industries. In Asia Pacific, the demand for Metal Bonding Adhesive is estimated to enhance in numerous countries such as the Philippines, South Korea, Taiwan, India, Japan, Indonesia, and China due to rising population coupled with shifting of production facilities for most of the key market players in this region. In Europe, Metal Bonding Adhesive Market is anticipated to register above average growth due to shifting consumer preference towards the Metal Bonding Adhesive combined with high adoption rate in consumer goods, automotive and transportation sector specifically in Poland, Belgium, Spain, France, Italy, Germany, UK, and Russia.

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Industry/ Innovation/ Related News:

September 2017- H.B.Fuller is planning to acquire Royal Adhesive & Sealants for nearly USD 1.6 Billion. The company acquire high end engineering adhesives for usage in aeroplanes. This acquisition will help company to strengthen their position among Global Metal Bonding Adhesive manufacturers.

June 2017- Techsil announced to part of distribution network of Henkel. Under this distribution agreement the company will provide Henkel Loctite to a wide range of customers. This strategic move will help Henkel to distribute their products among wide range.

Competitive Landscape

The Metal Bonding Adhesive Report has analysed the degree of competition among the major manufacturers in Metal Bonding Adhesive Market as well as sector growth and market scenario. The Global Metal Bonding Adhesive Market consist of wide range of producers operating in the market which comprises of medium level and large scale manufacturers. Some of the prominent players of Metal Bonding Adhesive which has strong hold in the market have shifted their focus towards growth association specifically by Asia Pacific as moderate level and high level suppliers belongs to this province specifically from Australia, China, India, South Korea, the Philippines, Malaysia, Taiwan, Japan, and Thailand. Moreover, the major players of Metal Bonding Adhesive are observed to follow various strategic plans to improve their product portfolio such as distribution agreements, joint ventures, product launches, strategic acquisition, and mergers, and exclusive agreements. Key operating players in this market are estimated to enhance their production capacity of Metal Bonding Adhesive to meet the growing demand for Metal Bonding Adhesive across the globe.

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