What is the future of Anaerobic Adhesives Market? Know Covid Impact on Size, Share & Forecasts
June 23, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Anaerobic Adhesives Market.
It was estimated prior to this unanticipated outbreak that the Anaerobic Adhesives Market was expected to grow at a CAGR of 7.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Anaerobic Adhesives are free from solvents and are capable of curing without the presence of air. When it is applied for the curing purpose, it quickly hardens and seals the objects with the help of metal ions.
Anaerobic Adhesives can have a number of product types such as thread locker, thread sealants, retaining compounds, and gasket sealants. Automotive, healthcare, building & construction, electrical & electronics, packaging, and some others are the industries where anaerobic adhesives are used.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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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.
Based on the substrate type, the market is segmented as plastic, metal, rubber, and others. The metals segment is expected to portray high 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.
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 highest grow 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.
In terms of regions, the Asia-Pacific’s anaerobic adhesives market is estimated to witness high 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.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Anaerobic Adhesives Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- 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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