Global Metal Bonding Adhesives Market- Market Overview:

The global metal bonding adhesives market is expected to grow from USD 8.2 billion in 2022 to USD 13.8 billion by 2030, at a CAGR of 6.8% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the rising demand in the transportation and automation sector.

Metal-bonding adhesives are high-strength joining compounds that bind metal substrates. Because of their mechanical and thermal resistance, they can create seamless connections between two substrates. It is expected that metal-bonding adhesives will dominate the automotive and transportation sectors, both of which are expected to grow rapidly in the coming years. The use of metal bonding adhesives in automobiles reduces vibrations in vehicle body panels, which is why they are widely used to bond backing materials. Therefore, these factors may increase the number of automobiles during the Projection period, which may lead to an increase in metal bonding adhesives. In the future, the metal bonding adhesives market growth will be influenced by the increased demand for lightweight and low-carbon vehicles, as well as the increased demand for low-VOC, green, etc. However, the strict and time-consuming governing policies may pose a further challenge to the growth of the metal bonding adhesives Market in the near future and will drive the market even further. Furthermore, a growing number of industrial users are using metal bonding adhesives to bond steel, aluminum, and other metals together so that fewer welds are required in the fabrication of metal structures. Due to the fact that these adhesive systems offer better structural support than any welding method, this is primarily the case.

Sample Request: - Global Metal Bonding Adhesives Market

Market Dynamics:

Drivers:                          

• Rising demand in the automotive sector

A significant increase in metal bonding adhesives market share in the automotive sector is expected to contribute to revenue generation. Metal bonding adhesives can be applied to a wide range of automotive applications, including structural metal bonding, interior trim, and more. As the number of automobiles worldwide increases rapidly during the Projection period, metal-bonding adhesives are expected to become increasingly popular.

Restraints:         

• Raw material price fluctuation

During the Projection period, the market is anticipated to be restrained from expanding further due to fluctuating raw material prices and the current economic recession. The rigid and time-consuming control laws, however, may further hinder the development of the metal bonding adhesives market.

Opportunities:

• Mechanical fasteners replacement with industrial adhesives

One of the key drivers of the metal bonding adhesives market growth is the increasing use of industrial adhesives to replace mechanical fasteners. Adhesives have become an integral part of various industrial applications. Before the introduction of advanced adhesives, industries used mechanical or thermal fasteners for bonding applications. As a result, mechanical fasteners are being replaced by metal bonding adhesives across a wide range of industries, including construction and consumer durables. These metal bonding adhesives are used in industrial applications due to their superior performance and effectiveness as compared to conventional methods, which is driving market growth.

Challenges:

• Stringent regulations

In the U.S., the Food, Drug, and Cosmetic Act (sections 301-399d) provides guidelines for food packaging, including flexible food packaging. As a result, stringent environmental regulations hamper metal bonding adhesives market growth. A food processing unit must meet stringent control parameters and follow well-defined processes before it can obtain a license.

Segmentation Analysis:

The global metal bonding adhesives market has been segmented based on resin type, application, and region.

By Resin Type

The resin type segment includes polyurethane-based, acrylic-based, epoxy-based and others. The epoxy-based segment led the largest share of the metal bonding adhesives market with a market share of around 35.8% in 2022. There are a number of industries that use epoxy, including automotive, optical, chemical processing, and others. It is also widely used in satellite repair and assembly, solar systems and panels, honeycomb and connection parts, braking systems, and solar systems. Due to this, epoxy-based products are widely used to manufacture lightweight, durable components, contributing to the global market growth.

By Application

The application segment includes industrial, automation & transportation, appliances and others. The automation & transportation segment led the largest share of the metal bonding adhesives market with a market share of around 42.3% in 2022. Automotive & transportation industries use metal bonding adhesives to bond various types of metals together. In order to create strong joints between two components, structural adhesives are commonly applied on aluminium, steel, and cast iron. Among the other applications are door panel fasteners and protective coatings.

Global Metal Bonding Adhesives Market - Sales Analysis.

The sale of metal bonding adhesives expanded at a CAGR of 6% from 2016 to 2022.

The automotive industry is experiencing an increase in demand for lightweight and flexible products. The construction industry is experiencing an increase in construction projects worldwide. The automotive industry is experiencing an increase in demand for metal bonding adhesives.

Construction activities around the world are rapidly increasing, which in turn leads to greater use of metal products. The global demand for automotive and appliances is Projection to drive metal bonding growth.

In the coming years, metal bonding adhesives market growth will be driven by the increasing demand for carbon-emitting and lightweight vehicles, as well as low VOC, green, and sustainable metal bonding adhesives.

Thus, owing to the aforementioned factors, the global metal bonding adhesives market is expected to grow at a CAGR of 6.8% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the metal bonding adhesives market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Asia Pacific region dominated the metal bonding adhesives market and held a 37.9% share of the market revenue in 2022.

• The Asia Pacific region witnessed a major share. Due to the increase in automotive production, Asia Pacific dominates the market for metal bonding adhesives. The growth of the metal bonding adhesives market in the region will be further accelerated during the Projection period as passenger car manufacturing increases in the region. Due to China's major market share, which produces technologically advanced consumer electronics and automobiles, the market is experiencing increased demand.
• North America is anticipated to experience significant growth during the Projection period. As a result of the steady investment, North America is projected to observe a significant growth in metal bonding adhesives. Additionally, the growing automotive manufacturing industry is expected to boost the metal bonding adhesives market in North America over the next few years, further propelling its growth.

Global Metal Bonding Adhesives Market - Country Analysis:

• Germany

Germany's metal bonding adhesives market size was valued at USD 0.61 billion in 2022 and is expected to reach USD 1.04 billion by 2030, at a CAGR of 6.9% from 2023 to 2030.

In Germany, increasing urbanization and modernization are contributing to growth in the building and construction industry, including luxury furniture and permanent houses. This market is experiencing an expansion.

• China

China’s metal bonding adhesives market size was valued at USD 0.80 billion in 2022 and is expected to reach USD 1.39 billion by 2030, at a CAGR of 7.2% from 2023 to 2030.

In the automotive and transportation industries, metal bonding adhesives are widely used by OEMs to fabricate chassis, automotive exteriors, panels, frames, and reinforcements for passenger vehicles as well as heavy vehicles. As a result of exterior panels and panel bonding, the country has seen a rapid increase in the size of its automotive market.

• India

India's metal bonding adhesives market size was valued at USD 0.62 billion in 2022 and is expected to reach USD 1.07 billion by 2030, at a CAGR of 7.1% from 2023 to 2030.

There is a strong demand for metal bonding adhesives in the country due to the availability of cheap labour and raw materials in India. Multinational corporations also have increased investments in the industrial and electronic sectors. With the growth of the automotive and construction industries in India, metal-bonding adhesives will likely be in greater demand.

Key Industry Players Analysis:  

To increase their market position in the global metal bonding adhesives market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

• Lord Corporation
• The 3M Company
• Solvay SA
• Parson Adhesives
• DELO Industrie Klebstoffe GmbH & Co. KGaA
• Sika AG
• Permabond LLC
• Moresco Corporation
• BASF SE
• Savare Specialty Adhesives
• Huntsman International LLC
• Ashland
• Henkel AG
• Dow Chemicals

Latest Development:

• In February 2022, A major acquisition has taken place between the H.B. Fuller Company and Fourny NV of Belgium, a provider of construction adhesives that specialize in commercial roofing, construction, and several private-label industrial applications.
• In January 2022, Merck KGaA's Process Solutions business unit has taken another step toward accelerating innovation by acquiring Exalead.

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	6.8%
Market Size	8.2 billion in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Resin Type, By Application, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Lord Corporation, The 3M Company, Solvay SA, Parson Adhesives, DELO Industrie Klebstoffe GmbH & Co. KGaA, Sika AG, Permabond LLC, Moresco Corporation, BASF SE, Savare Specialty Adhesives, Huntsman International LLC, Ashland, Henkel AG, and Dow Chemicals.
By Resin Type	Polyurethane-Based Acrylic-Based Epoxy-Based Others
By Application	Industrial Automation & Transportation Appliances Others
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Metal Bonding Adhesives Market by Resin Type:

• Polyurethane-Based
• Acrylic-Based
• Epoxy-Based
• Others

Global Metal Bonding Adhesives Market by Application:

• Industrial
• Automation & Transportation
• Appliances
• Others

Global Metal Bonding Adhesives Market by Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia