Anaerobic Adhesives Market to experience an impressive growth of 7.2% during 2020-2025
January 30, 2020
Anaerobic Adhesives Market is likely to witness an impressive CAGR of 7.2% during the forecast period. Driven by their properties, the demand for anaerobic adhesives has been increasing in various end-use industries such as automotive & transportation, electrical & electronics, industrial, and others. Numerous manufacturers of anaerobic adhesives are undertaking R&D activities to develop sustainable adhesives and overcome the limitations of outmoded fastening methods.
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Anaerobic Adhesives Market Segment Insights:
By Product Type:
Based on the product type, the market is segmented as thread locker, thread sealants, retaining compounds, and gasket sealants. The thread sealants product segment is estimated to register the highest growth during the forecast period. Thread sealant adhesives offer phenomenal bonding strength to metals. Thread sealant adhesives own properties such as high heat resistance, chemical resistance, high performance on passive metals without activator, and instant low-pressure seal.
By Substrate Type:
Based on the substrate type, the market is segmented as plastic, metal, rubber, and others. The metals segment is expected to portray the highest growth during the forecast period. Metal substrate-based anaerobic adhesives are extra strong. Metal substrates render anaerobic adhesives exceptional tensile strength and excellent tear resistance.
By End-Use Industry Type:
Based on the end-use industry type, the market is segmented as automotive, healthcare, building & construction, electrical & electronics, packaging, and others. The electrical & electronics end-use industry segment is estimated to depict the highest growth in the coming five years. Anaerobic adhesives find application for bonding, potting, low-pressure molding, and sealing & encapsulating critical components such as connectors, splice assemblies, and cable closures.
By Region:
In terms of regions, the Asia-Pacific’s anaerobic adhesives market is estimated to witness the highest growth during the forecast period. The growth of the region’s anaerobic adhesives market can be attributed to the rising demand for anaerobic adhesives from countries such as India, China, South Korea, Thailand, Indonesia, etc. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key Players:
Some of the major players in the anaerobic adhesives market are Avery Dennison Corporation, Asian Paints Limited, A.B.E. Construction Chemicals (Pty) Ltd., Advance Tapes International Ltd., Chowgule Construction Chemicals Pvt. Ltd., Dukal Corporation, Furukawa Electric Co., Ltd., Gebrüder Jaeger GmbH, Henkel AG & Co. KGaA, and Johnson & Johnson.
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- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
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- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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