Anaerobic Adhesives Market expected to reach USD 801.96 Mn. by 2029 Growth Hubs, Technological Advancements and Returns on Investments
Pune, 6, Dec, 2022: The report published by Maximize Market Research, the global market research firm on Anaerobic Adhesives Market covers an extensive competitive and pricing analysis in the report. The Asia-Pacific region is expected to witness significant growth according to the report. During the forecast period, the report expects the market to grow from USD 484.57 million in 2021 to USD 801.96 million in 2029 at a CAGR of 6.5 percent.
Anaerobic Adhesives Market Scope and Research Methodology
The report is a systematic analysis of the Anaerobic Adhesives industry at a local, regional and global level. The report provides current trends and highlights prevailing in the Anaerobic Adhesives Market with a thorough analysis of the growth rate fluctuations. The report acts as an investor’s guide since it provides a comprehensive picture of the competitive landscape of leading players in the Anaerobic Adhesives Market by goods and services, revenue, financial status, portfolio, growth strategies, and geographical presence. Analysis of new entrants to present a future outlook and opportunities in the market is also provided.
To define future pricing and production strategies, the report provides a demand analysis spanning over the forecast period. Segment-wise analysis of the Anaerobic Adhesives Market is conducted by dividing it into Product Type, End-Use Industry and Region to present the market penetration, and competitive structure and perform pricing and demand analysis. To get a clearer picture of factors affecting the Anaerobic Adhesives Market, the driver, challenges and restraints are analysed.
For insights into the strategies, sales and marketing tactics of companies similar to Anaerobic Adhesives in the industry, a competitive analysis is conducted. Information on key players and new entrants is collected based on goods and services offered, portfolio, technological advancements adopted, mergers and acquisitions, joint ventures, strategic alliances, social media engagement and areas for improvement. Figures and illustrations make it easy for clients to understand the market scenario at a glance.
Estimation of the market size and its segments was carried out using a bottom-up approach. Data was collected using both primary and secondary data collection methods for the analysis. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs, marketing professionals and customers on the demand side and manufacturers on the supply side were included in the primary methods. Secondary data was methodically collected from a selection of sources to ensure the reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases. SWOT analysis was conducted to provide the strengths and weaknesses of the Anaerobic Adhesives Market while PESTLE was employed to understand the potential impact of the macro and micro economic, social, political and technological factors affecting the Anaerobic Adhesives Market growth.
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Anaerobic Adhesives Market Overview
The anaerobic adhesive also known as threadlockers or retaining compounds is one part adhesive that is cured in absence of oxygen in the bond line. Given the lack of oxygen, it means that chemistries do not bond well on plastic, rubber and glass. These are considered to be less hazardous than other acrylics and have a mild odour. These adhesives reduce maintenance and leakage and are used in several end-use industries.
Anaerobic Adhesives Market Dynamics
Given their high-stress tolerance, the anaerobic adhesive is used in vehicle engine assembly. Consumers have been demanding high-performance lightweight cars which are driving the automotive industry. The adhesive offers stress equalization, gap filling, high strength, and temperature resistance, making it popular among various industries. This wide-ranging application of the Anaerobic Adhesives Market is expected to drive the Anaerobic Adhesives Market growth over the forecast period.
Increasing disposable income and the rapid growth of developing economies have been contributing to the growth of the electronics market. This is especially true for portable electronic gadgets such as laptops and smartphones. Other factors for the growth of the electronics industry include home automation and the integration of technologies. Increasing power consumption at residential, commercial and industrial levels is expected to drive the growth of the electric equipment industry. This growth is expected to drive the Anaerobic Adhesives Market during the forecast period.
Anaerobic Adhesives Market Regional Insights
The Anaerobic Adhesives Market was dominated by the Asia-Pacific region, holding 40 percent of the market share and is expected to continue the streak for the forecast period. Factors driving the Anaerobic Adhesives Market include the growth of the automotive and transportation industries. The regional electronics market is also witnessing massive growth that is driving the regional Anaerobic Adhesives Market growth over the forecast period. Government initiatives in boosting the automotive industry and the increasing demand for electric vehicles encourage Anaerobic Adhesives Market’s regional growth.
Anaerobic Adhesives Market Segmentation:
By Product Type:
- Thread Sealants
- Retaining Compound
- Gasket Sealants
By End-Use Industry:
- Automotive and Transportation
- Electrical and Electronics
- Building and Construction
Anaerobic Adhesives Market Key Manufacturers include:
- H.B.Fuller Company
- Huntsman International LLC
- Anabond Limited
- Asec Co. Ltd
- Henkel AG and Co. KGaA
- Hi-Bond Chemicals
- Delo Industrial Adhesives, LLC
- Kisling AG
- Scott Bader Company Ltd.
- Krylex (Chemence)
- Novachem Corporation ltd
- Parson Adhesives Inc.
- Royal Adhesives & Sealants LLC
- Dymax Corporation, Loxeal S.r.l.
- Permabond LLC
- ThreeBond Holdings Co. Ltd
- Sika AG
- Illinois Tool Works Inc.
- Pidilite Industries Ltd
- Jubilant Industries Ltd
- Lord Corporation
- Hernon Manufacturing, Inc.
- Master Bond Inc.
- Mapei S.p.A
- Uniseal Inc.
- Hexcel Corporation
Key questions answered in the Anaerobic Adhesives Market are:
- What is Anaerobic Adhesives?
- What is the current growth rate of the Anaerobic Adhesives Market?
- What is the growth rate of Anaerobic Adhesives Market for the forecast period?
- What is the nature of competition in Anaerobic Adhesives industry in developed and developing economies?
- Who are the key players in the Anaerobic Adhesives Market?
- Who are the market leaders in Anaerobic Adhesives in Europe?
- Who are the market leaders in Anaerobic Adhesives in USA and Canada?
- Who are the market leaders in Anaerobic Adhesives in India, China, Japan and South Korea?
- What are the factors affecting growth in the Anaerobic Adhesives Market?
- Who held the largest market share in Anaerobic Adhesives Market?
- What are the factors for the growth of Asia-Pacific region in Anaerobic Adhesives Market?
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- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Product Type, End-Use Industry and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading material and chemical research firm, has also published the following reports:
Tile Adhesives and Stone Adhesives Market: Market size was valued at USD 4.44 Bn. in 2021 and the market revenue is expected to grow at 8.2% from 2022 to 2029, reaching nearly USD 8.34 Bn. Tiles are significant home décor elements all around the globe. The look and quality of ceramic tiles have three notable modifications as ceramic tile production technology advances. The modifications in tiles necessitate greater use of auxiliary materials, such as matching glue between tiles and wall substrates.
Waterproof Adhesives and Sealants Market: Market size was valued at USD 22.13 Bn. in 2021 and the market revenue is expected to grow at 6.2% from 2022 to 2029, reaching nearly USD 35.81 Bn. Governments in developing economies are striving to improve public infrastructures such as electricity grids, roads, bridges, trains, water treatment facilities, airports, and telecommunications.
Acrylic Adhesives Market: Market size was valued at US$ 11.08 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 5.81% from 2022 to 2029, reaching nearly US$ 17.41 Bn. Manufacturers of acrylic adhesive are expected to continue to focus heavily on Asia Pacific. It is expected that economic performance will improve in Europe and North America, driving increasing investments in manufacturing and industrial activity. On the other hand, it is expected that the market in China and Japan would experience increased levels of growth during the forecast period.
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