Metal bonding adhesives are the high strength joining materials used to attach metal substrates together. They create smooth bonds between two substrates and are characterized by mechanical and temperature resistivity. Metal bonding adhesives evenly distribute the stress upon the entire surface area in order to reduce stress as single location. This increases the stress bearing capacity of the metal surfaces. Metal bonding adhesives are used in some of the prominent industries which include, automotive & transportation, industrial equipment, and consumer appliances. Increasing preference of high performance adhesives in various end-use industries, in order to replace conventional fasteners and welding joints is driving the metal bonding adhesives demand in numerous end-use industries. Governments across the globe are focusing on improving the fuel efficiency standards and reducing the greenhouse gas emissions from automobiles. In order to comply with the fuel efficiency standards, automotive manufacturers are focusing on reducing automobile weights. This consequently resulting into replacing metal component such as screws, nuts, and metallic attachments. Such factors are driving metal bonding adhesives demand in the automotive and transportation industry. Apart from this, growing automotive production and increase in construction activities is propelling market growth. Global automotive production is poised to surpass 100 million units per year by the end of 2018.
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Key Players and Competition Analysis
Some of the prominent players operating in the global metal bonding adhesives market are Henkel AG & Co KgaA, H. B. Fuller, The 3M Company, Sika AG, The Dow DuPont Inc., Arkema S.A., Solvay SA, Lord Corporation, DELO Industrie Klebstoffe GmbH & Co. KGaA, and and Parson Adhesives, Inc..
The global metal bonding adhesives market is segmented on the basis of type, application, and region. Based on type, global metal bonding adhesives market is segmented as epoxy, acrylic, polyurethane, and other. Epoxy is the most prominent product type followed by acrylic adhesives. Epoxy based metal bonding adhesives are the widely preferred in end-use industries, owing to their durability, mechanical strength and other properties. Acrylic based metal bonding adhesives are witnessing high growth, owing to increasing product development by the manufacturers. On the basis of application, global metal bonding adhesives is classified as automotive & transportation, industrial equipment, and consumer appliances. Among these applications, automotive and transportation is the largest and fastest growing application of the global metal bonding adhesives market.
Global metal bonding adhesives market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Automotive production in Asia Pacific region is growing as the fastest rate. This is creating additional demand for the metal bonding adhesives manufacturers. Among these markets, Asia Pacific is the largest and fastest growing market, owing to the increasing automotive production in China and India. More specifically, production of passenger cars is increasing at a rapid space in the region. With 21 million passenger cars produced in 2015, China is the largest passenger car vehicles producer in the region. North American market is witnessing constant growth, owing to stable investment in the U.S. construction industry. Additionally, automotive production in the region is constantly restructuring to its previous growth rate. Growing construction and infrastructure spending in Europe region is fueling metal bonding adhesives demand in the industrial equipment application. Browse the market data and information spread across 135 pages with 33 data tables and 12 figures of the report “Metal Bonding Adhesives Market Share by Application Research Report- Forecast till 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/metal-bonding-adhesives-market-5398