Sellbyville, DE -- (SBWIRE) -- 01/21/2019 -- The rapid expansion of the aerospace, automobiles, industrial and medical sectors worldwide has reinforced the metal bonding adhesives market, with rising demand for efficient materials used in production, repair and maintenance of different products. Properties like thermal conductivity, dimensional stability and resistance to chemicals, vibration and abrasion have propagated the benefits of these composites. Continuous efforts by adhesive producers to develop new and improved products has fueled the growth of the metal bonding adhesives industry. These composites are commonly being used while manufacturing medical and pharmaceutical equipment, since they have to face difficult conditions and need to be highly reliable. Increasing demand for these equipment is thus certain to boost the global metal bonding adhesives market revenue.

Metal Bonding Adhesives Market size valued at over USD 3.7 billion in 2017 and is likely to register a prominent CAGR of close to 6.3% to 2025. Metal bonding adhesive market is witnessing steady growth in the automotive industry in order to reduce the weight of vehicles without compromising on performance, quality and safety. This is achieved by substituting or reducing the employment of bolts, welding, screws, spot welding and other attachments by metal bonding adhesive.

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Further, stringent government rules and regulations towards enhancement of fuel economy will urge automobile manufacturers, including heavy commercial vehicle and Original Equipment Manufacturers to adopt bonding compounds that are nature-friendly, are some of the significant determinants which are likely to augment metal bonding adhesive market share over the forecast timespan. In addition, the improvement in infrastructure conditions in the BRICS nations will subsequently boost the metal bonding adhesive demand by 2025.

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Metal Bonding Adhesive Market size will surpass USD 6 billion by 2025; according to a new research report by Global Market Insights, Inc. Some of the crucial challenges of the global metal bonding adhesive market is their time-dependent strength, for the fixation of bonding and development of the entire product; however, the time required for the fixation can be reduced depending upon their application and its composition. Noise & vibration damping in mechanics of machinery and in the transportation and shipment sector has gained importance and contribute in creating new opportunities for metal bonding adhesive.

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Technically, surgical instruments, imaging equipment, implantable devices are some applications in the medical segment that require the use of specific adhesive composites. Manufacturing medical devices that are reusable also pose challenges for engineers in terms of selecting the appropriate materials and adhesives. The metal bonding adhesives industry has allowed manufacturers to deliver instruments that are more reliable, durable and can withstand different conditions, invariably enhancing their performance. Needle bonding and assembling syringes are two key application areas for these composites, to provide products that can survive high withdrawal forces. The instruments are used everywhere from laboratories, ER and health clinics to surgeries in operating theaters.

It was estimated that in 2016, the global syringes industry size exceeded USD 10.56 billion and could grow beyond USD 16.90 billion by 2021, indicating lucrative prospects for the metal bonding adhesives market over the coming years. The utilization of these composites can be anticipated to surge from the increased deployment of other medical devices and instruments over the forecast timespan, as the expenditure on healthcare services rises. WHO has predicted that the proportion of geriatric population will go up to nearly 22% by 2050 as compared to 12% in 2015. A major chunk of this population will be living in developed economies and would lead to increasing occurrence of chronic diseases such as cancer, diabetes, heart disorders as well as orthopedic ailments.

With over 40% of the industry share, epoxy-based metal bonding adhesive will foresee growth at a significant pace due to its huge acceptance in electronics and industrial solutions in fabricating test & measurement equipment, heat sink attachment and engine control modules. The acrylic based metal bonding adhesive will account at over USD 1.5 billion by the end of 2025, owing to its rising usage in electronic controllers, cellular phones, antennas, industrial ovens. Acrylic adhesives are composed to have a good balance of tack, shear and peel. They can be adjusted for materials with low surface energy (LSE).

Based on volume, automobile & transportation segment will capture over 25% of the metal bonding adhesive market share. The electronics & consumer appliances segment is said to poise over USD 1 billion by 2025. The miniaturization trend and fusion prototype sighted in industrial and consumer goods might create an assembly confront. Adhesives are progressively substituting the application of mechanical fasteners for bonding elements that are unsuitable to reach where spaces are confined, cellular phones being a typical example.

Based on volume, North America driven by U.S. will exhibit growth with a CAGR of over 6%. The regional epoxy-based metal bonding adhesive market is said to capture over USD 450 million by the end of forecast spell. Moreover, huge expenditure in research & innovation and high technology medical equipment in U.S. will augment the market growth by 2025.

Global metal bonding adhesive market is intensely competitive due to existence of number of industry players as well as unorganized sector. Some crucial players in the industry are, Henkel, Arkema Group, BASF SE, LORD Corporation, Huntsman Corporation, H.B. Fuller, Evonik Industries, Ashland Inc., Parson Adhesives Inc, Permabond LLC.

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