Anaerobic Adhesives Market Size will witness a favorable gain owing to wide use in myriad end-user domain including automotive & transportation, electrical & electronics, industrial application, etc. during the forecast time frame. Anaerobic adhesives are one-part system which provide superior performance benefits such as vibration, corrosion prevention, fill gaps between metal components, augment the seal of mechanically joined assemblies, etc.
Electrical & electronics deemed to be a profitable quotient for Anaerobic Adhesives Market as the product is majorly used in automobile engine assembly. These anaerobic adhesives find application in various automotive & transport applications such as, transmission input, camshaft sprocket bolts, idler bearings, crankshaft bolts, output shaft threads, press fit filler tubes ring gear, plastic knobs, soundproofing, console assemblies, electrical component boxes, attachment screws, hose fasteners, and dashboard accessories. According to OICA, global automotive sales in 2016 was USD 93.8 million which is likely to grow at the end of forecast timeframe. This will increase the demand of anaerobic adhesives in next seven years down the line.
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The use of product in electrical & electronics industry is a positive indicator for the market growth due to its application in sealing, bonding, encapsulating, potting, low-pressure molding critical components such as cable closures, connectors, and splice assemblies. In 2015, the global demand for electronic components was valued at over USD 5 billion and will grow with a substantial CAGR in the coming days. Healthcare sector in developing nation will provide an opportunity for the growth of anaerobic adhesives market owing to its nontoxic nature.
Based on product, anaerobic adhesive market is diversified as thread sealants/pipe sealants, thread locker, retaining compounds and gasket sealants. The retaining compounds is likely to have high market share owing to augment or replace mechanical joining techniques of cylindrical metal joints such as shrink fits, keyways and interference fits. Thread lockers also witness high market growth owing to cost effectiveness and out-perform alternative locking means such as studs, lock washers, and locking threads.
On end-user basis, the market is classified into automotive & transportation, electrical & electronics, and industrial applications. The other niche end-user application includes marine, textile, healthcare, etc. Among all, the global anaerobic adhesives market is likely to be led by electrical & electronics sector owing to trending miniature electronic devices, compelling the manufactures to produce thinner, lower weight, faster, smaller, powerful, energy efficient electronic systems. Industrial applications will witness high growth owing to replacement of mechanical fasteners in various end-user industries including metal working industry, consumer appliances, etc.
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Asia Pacific is depicted to have substantial growth and a major chunk in the anaerobic adhesives market share owing to growing industrialization in emerging countries such as China, India, South Korea. For instance, in 2014, Indian government has started an “Make in India” initiative program which allow foreign direct investments and help many manufacturing units to be set up in India. These factors will increase the production units and will further surge the anaerobic adhesives demand in next seven years.
The key participants in the market are Henkel AG & Co., DELO, The 3M Company, Permabond LLC, Kisling AG, Royal Adhesives & Sealants, ThreeBond Holdings Co. Ltd., H.B.Fuller (US), Nitto Denko Corporation Permabond LLC, Anabond Limited, Parson Adhesives, Cyberbond, Ecer, and Tonsan Adhesive Inc.
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