Metal Bonding Adhesives Market By Type (Epoxy-Based, Acrylic-Based, Polyurethane-Based, and Others), By Application (Automotive & Transportation, Industrial, Consumer Appliances, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Metal bonding adhesives are primarily used for the joining of metal-to-metal surfaces, with the adhesives deemed to transmit expansion stress more effectively than welding methods and absorb thermal shock in a better manner than traditional joining methods. The metal adhesives have quicker cure time and high strength, which makes them ideal for use in several industrial end-user verticals.

Market Dynamics

The enhanced product performance in place of conventional joining methods and rise in product demand from several end-user verticals are the primary factors driving the market growth. The use of metal bonding adhesives in industrial sectors such as automotive and aerospace have increased the strength of joints without compensating for the structural integrity of finished products. The lower weight of metal adhesives has improved fuel consumption in cases of automotive vehicles, while its application has improved the economic aspects of aerospace components. The continued adoption of metal adhesives in place of traditional joining methods would thereby enhance the growth prospects of the market over the forecast period. However, fluctuations and volatility in raw material pricing might hamper market growth. The implementation of additional tariffs and taxes for shipping and transport of raw materials over long routes might also increase the final product costs, hindering the market growth prospects. The rapid product adoption in varied industrial applications would provide lucrative opportunities for the market in the coming years. The high rate of industrialization, along with the technological development of more eco-friendly, economically sustainable metal adhesive products, would further offer new opportunities for business expansion to key market players.
 
Market Segmentation

The global Metal Bonding Adhesives market is mainly classified based on Type and Application. Type is further segmented into Epoxy-Based, Acrylic-Based, Polyurethane-Based, and Others. By Application, the market is divided into Automotive & Transportation, Industrial, Consumer Appliances, and Others.

The Epoxy-Based segment by Type holds a considerable market share in terms of overall volume owing to the high dimensional stability and convenient curing time of end products when applied to metal surfaces, along with its effectively moderate pricing structures. The epoxy metal adhesives also possess high chemical resistance to several formulations, ensuring high durability of joints over an extended period of use.

In terms of volume, the Automotive & Transportation Consumption was expected to reach 308.3 K MT; at a CAGR of 4.4% during forecast period. The rise in product demand, owing to the low weight of metal adhesives and resultant lower fuel consumption are influential primary factors that would boost the growth prospect of the segment in the coming years.

Regional Analysis
Based on geography, the global Metal Bonding Adhesives market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Asia-Pacific is a prominent region in terms of consumption volume owing to the rapid rate of industrialization, leading to the use of durable, high strength metal adhesives in place of conventional bonding methods. The R&D efforts into the construction of lightweight automotive vehicles have also increased demand for metal bonding adhesives, ensuring high growth rate of the regional market.
 
Competitive landscape

The Metal Bonding Adhesives market is moderately fragmented, with several global and regional players competing in the existing market scenario to expand business opportunities through increasing product sales and improvement in product performance. The local companies have an active distributor network to cater to the needs of a varied consumer base, thereby intensifying the market competitiveness.

Key players operating in the Metal Bonding Adhesives industry include Henkel, H.B. Fuller, Sika AG, 3M Company, DOW Inc., Lord Corporation, DELO Adhesives, Parson Adhesives, Inc., Arkema S.A., Solvay, Master Bond Inc., and Permabond.

The launch of new products after extensive research & development and expansion of business opportunities through acquisitions and modern production facilities are the primarily followed business strategies of the top players looking to capture substantial market share.

Metal Bonding Adhesives Market Key Segments

By Type
• Epoxy-Based
• Acrylic-Based
• Polyurethane-Based
• Others

By Application
• Automotive & Transportation
• Industrial
• Consumer Appliances
• Others

Key Global Metal Bonding Adhesives Industry Players
• Henkel
• H.B. Fuller
• Sika AG
• 3M Company
• DOW Inc.
• Lord Corporation
• DELO Adhesives
• Parson Adhesives, Inc.
• Arkema S.A.
• Solvay
• Master Bond Inc.
• Permabond

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Metal Bonding Adhesives Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Enhanced product performance in place of conventional joining methods
3.3.2. Rise in product demand from several end-user verticals
3.4. Restraints
3.4.1. Fluctuations and volatility in raw material pricing
3.5. Opportunity
3.5.1. Rapid product adoption in varied industrial applications
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Epoxy-Based
4.2.1. Market Size & Forecast
4.3. Acrylic-Based
4.3.1. Market Size & Forecast
4.4. Polyurethane-Based
4.4.1. Market Size & Forecast
4.5. Others
4.5.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Automotive & Transportation
5.2.1. Market Size & Forecast
5.3. Industrial
5.3.1. Market Size & Forecast
5.4. Consumer Appliances
5.4.1. Market Size & Forecast
5.5. Others
5.5.1. Market Size & Forecast

6. Metal Bonding Adhesives Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Metal Bonding Adhesives Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Metal Bonding Adhesives Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Russia
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Metal Bonding Adhesives Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Metal Bonding Adhesives Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Metal Bonding Adhesives Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. Henkel
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Henkel Product Category, Application, and Specification
7.1.3. Henkel Financial Performance (2015-2019)
7.1.4. Main Business/Business Overview
7.2. H.B. Fuller
7.3. Sika AG
7.4. 3M Company
7.5. DOW Inc.
7.6. Lord Corporation
7.7. DELO Adhesives
7.8. Parson Adhesives, Inc.
7.9. Arkema S.A.
7.10. Solvay
7.11. Master Bond Inc.
7.12. Permabond