Global Anaerobic Adhesives Market Size, Share, Growth Analysis, By Adhesive(Acrylic, silicone and butyl), By Substrate(Plastic, metal and rubber.), By End user (Automotive, healthcare) - Industry Forecast 2023-2030

Global Anaerobic Adhesives Market size was valued at USD 648.5 million in 2022 and is poised to grow from USD 686.11 million in 2023 to USD 2.22 million by 2030, at a CAGR of 5.8% during the forecast period (2023-2030).

This growth can be attributed to several key factors. The increasing demand for anaerobic adhesives in emerging economies like India and China, their widespread use across diverse industries such as automotive, healthcare, packaging, and others, and their application in sealing and bonding industrial devices are driving market expansion. Anaerobic adhesives are eco-friendly and non-toxic, making them ideal for fastening and adhesion purposes between metal surfaces in the absence of oxygen.

The construction industry's rising adoption of anaerobic adhesives, along with their use in electrical and electronics manufacturing and various other end-user verticals in emerging economies, will further propel market growth. The awareness of the environmental benefits of anaerobic adhesives, increased R&D investments by major companies, rapid industrialization, urbanization, and focus on technological advancements are also contributing factors.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Anaerobic Adhesives Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Anaerobic Adhesives Market Segmental Analysis

The anaerobic adhesives market is divided into three segments based on adhesive type, substrate type, end user, and region. Under adhesive type, it includes acrylic, silicone, and butyl adhesives. The substrate type segment consists of plastic, metal, and rubber. Lastly, the end-user segment comprises automotive, healthcare, building and construction, electrical and electronics, and packaging industries. By region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.

Drivers of the Global Anaerobic Adhesives Market

Rise of Industrialization and Demand from Automotive Industry

• The increasing pace of industrialization and urbanization worldwide is driving the demand for these adhesives. The building and construction industry has witnessed a surge in demand for anaerobic adhesives because of their high shear strength and temperature resistance, making them well-suited for this sector. Additionally, the market is driven by the superior sustainable properties offered by anaerobic adhesives.
• The automotive & transportation and electrical & electronics industries are also significant contributors to the growing demand for anaerobic adhesives. Manufacturers of anaerobic adhesives are actively engaged in research and development activities aimed at enhancing renewable adhesives and addressing the limitations of conventional fastening methods. These efforts play a crucial role in propelling the growth of the global market for anaerobic adhesives. As a result, the market is expected to witness substantial expansion in the coming years.

Restraints in the Global Anaerobic Adhesives Market

High Cost

• Despite the numerous applications and advantages of anaerobic adhesives, their high cost poses a significant challenge to market growth. Additionally, these adhesives often require special primers for passive metals, large bond gaps, or inert surfaces, leading to additional manufacturing expenses. Moreover, there is a risk of damaging thermoplastics in certain cases. These factors collectively limit the overall demand for anaerobic adhesives and act as constraints on the global market's expansion.

Market Trends of Global Anaerobic Adhesives Key

• The anaerobic adhesives market is witnessing several key trends that are shaping its growth trajectory. One significant trend is the increasing demand for anaerobic adhesives in various end-user applications, including automotive, healthcare, building and construction, electrical and electronics, and packaging. The superior shear strength and temperature resistance offered by anaerobic adhesives make them suitable for these industries. Another trend is the rising focus on sustainable and environmentally friendly solutions, driving manufacturers to invest in research and development to improve renewable adhesives and overcome the limitations of conventional fastening methods. This emphasis on sustainability is likely to drive the adoption of anaerobic adhesives in various industries. Additionally, rapid industrialization and urbanization worldwide are fueling the demand for anaerobic adhesives as they find extensive applications in meeting the needs of modern manufacturing processes. However, the high cost of these adhesives and the requirement for special primers for certain substrates remain challenges for market growth. Overall, the market is poised for steady growth as advancements in technology and expanding end-user industries drive the adoption of anaerobic adhesives.