Scienza e Tecnologia
Surging Commercial Aircraft Production to Offer Anaerobic Adhesives US$ 1 Bn Market Opportunity by 2032
NEW YORK , June 20, 2022 /PRNewswire/ -- The global anaerobic adhesives market size is expected to reach US$ 1 Bn in 2032, expanding at a CAGR of 5.8% between 2022-2032. Increasing focus of key companies on the enhancement of their manufacturing techniques is set to drive the market.
Surging production of commercial aircraft carriers owing to the increasing number of air passengers worldwide is another crucial factor that would aid growth. As per Fact.MR, the global anaerobic adhesives market stood at US$ 546.8 Mn in 2021 and is estimated to be valued at US$ 570 Mn in 2022.
Besides, growing application of anaerobic adhesives in dashboard accessories, instrumentation amplifier boxes, idler bushings, hose fixings, and plastic knobs in the automotive and transportation sector is set to spur growth.
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Moreover, demand for anaerobic adhesives in the electrical and electronics industry is set to surge at a rapid pace. These adhesives are extensively used in the industry for sealing, low-pressure molding, potting, and bonding.
Apart from the above-mentioned uses, anaerobic adhesives are required to encapsulate vital components, such as cable closures, splice assemblies, and connectors in the electrical and electronics industry.
In addition, high demand for numerous home appliances and consumer electronics is projected to aid growth. As per the India Brand Equity Foundation (IBEF), the electronics manufacturing industry in India is expected to reach US$ 520 Bn by 2025 and the demand for electronic products is projected to surge to US$ 400 Bn by 2025.
Rising disposable income and changing lifestyles of people in developing countries, such as India are thus expected to propel sales of electronic products in future. Emergence of waterproof tapes with superior properties is anticipated to bolster growth.
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The global anaerobic adhesives market is highly fragmented in nature with the presence of various large- and small-scale companies. The majority of the key players are focusing on enhancing their capabilities in terms of strategic mergers or acquisitions. Some of the others are striving to eliminate the tough competition among rivals by introducing state-of-the-art adhesives for a wide range of end-use industries.
For instance,
In the latest study, Fact.MR offers a detailed study on global anaerobic adhesives market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of anaerobic adhesives through detailed segmentation as follows:
: As per Fact.MR, the global adhesives market is expected to reach US$ 102.6 Bn in 2032 and exhibit a CAGR of 5% in the forecast period. Increasing demand for bio-based adhesives, such as epoxies, polyisoprenes, and polyamides extracted from vegetable oil, as well as soybean is projected to drive growth.
: Rapid expansion of the electronics and medical industries in both developed and developing countries is likely to augment the global UV cured adhesives market growth. Surging usage of UV cured adhesives in swab manufacturing and rapid ventilator assembly lines is also expected to spur growth.
: Increasing demand for cost-effective and safer packaging solutions in the pharmaceutical and e-commerce sectors is estimated to boost growth. Ability of adhesive bubble wraps to protect delicate goods from external damage during transportation and shipping is another vital factor that is set to push sales.
: The market for acrylic pressure-sensitive adhesives is predicted to grow at a CAGR of about 5% until 2031, projects Fact.MR. The increased demand for lightweight and low-emission automobiles, as well as the increasing usage of low-cost flexible packaging aids, is majorly spurring adoption.
The major demand for structural adhesive in the Asia Pacific is likely to come from automotive, infrastructure, marine, and truck and bus applications. North America and Europe are also expected to witness significant growth in the structural adhesive market.
: UV Cured Adhesives Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030. Fact.MR's report also talks about how electronics, packaging, and optical applications are set to grow at a stable rate over the long-term forecast period.
: The Asia Pacific region is the most promising market for textile adhesives, owing to the presence of textile manufacturing hubs in the region. The MEA region, Latin America and Eastern Europe will also offer revenue generation opportunities for textile adhesives market players.
The global die-cut adhesive market is expected to expand at mid-single-digit CAGR during the forecast period, owing to the rapid growth in the manufacturing sector & to overcome the production time of the products with the help of ready to use die-cut adhesives.
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