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This “Anaerobic Adhesive Market-Growth, Trends, COVID-19 Impact and Forecast (2021-2026)” Report has been added to ResearchAndMarkets.com provide.
It is expected that during the forecast period, the compound annual growth rate of the anaerobic adhesive market will exceed 5%.
Companies mentioned
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3M
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Anabond ltd.
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Isaik Ltd
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Eastman Chemical Company
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Fuller Corporation
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Henkel AG & Co. KGaA
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Gaobang Chemical
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Kelex
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Metlok Pte Ltd
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Novartis
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Parson Adhesives
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Perpetual bond limited liability company.
Main market trends
Increased demand in the construction industry
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Anaerobic glue starts to cure in the presence of metal ions and no oxygen.
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Due to this special property, anaerobic glue is very suitable for engineering assembly, because there is a large amount of metal in the industry. These adhesives can be used to lock threaded fasteners, maintain coaxially mounted cylindrical parts, seal threaded parts, and seal flange components.
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These adhesives have high shear strength and high temperature resistance, so they are widely used in the construction industry.
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According to a study by the Institute of Civil Engineers (ICE), by 2030, the global construction industry is expected to reach 8 trillion U.S. dollars, mainly driven by China, India and the United States.
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Globally, the Asia-Pacific region has the largest construction market, led by India, China and Southeast Asian countries. In India, the government has launched 100 smart cities and “universal housing by 2022” projects, which are expected to greatly promote the residential construction market in India during the forecast period. The country has even aroused strong interest from foreign investors in its infrastructure sector.
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Due to a strong economy and positive commercial real estate market fundamentals, as well as increased federal and state funding for public works and institutional construction, the construction industry in the United States continues to expand.
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During the forecast period, all these construction activities are likely to drive the global anaerobic adhesive market in the construction industry.
Asia Pacific will dominate the market
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The Asia-Pacific region dominates the market based on various emerging markets in the region, especially in countries such as China and India.
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China has the world’s largest production base for electronic products. Electronic products, such as smartphones, OLED TVs, tablets, wires, cables, and earphones, recorded the highest growth in the field of electronic products. The country not only meets the domestic demand for electronic products, but also exports electronic products to other countries. In China, with the increase in the disposable income of the middle class population and the increasing demand for electronic products from countries that import electronic products from China, the output of electronic products is expected to increase further.
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Due to the economic slowdown caused by the political turmoil between countries, the growth rate of China’s construction industry is expected to slow down in the next few years. However, as a huge market with relatively high growth rates until recently, the economic scale is expected to balance the economic slowdown in the next few years.
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In addition, due to the increase in investment and people’s purchasing power, India’s construction industry has been growing at a higher rate. For example, the “Housing for All” plan launched in June 2015 aims to build 20 million urban houses and 30 million rural houses by 2022, and it is estimated that between 2018 and 2024, India will build 60 million new houses.
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During the forecast period, these growth factors have in turn promoted the growth of the anaerobic adhesive market.
Key topics covered:
1 Introduction
2 Research methods
3 Executive summary
4 Market dynamics
4.1 Driver
4.1.1 Demand growth in the construction industry
4.1.2 Excellent sustainable development characteristics
4.2 Restrictions
4.2.1 A sharp decline in automobile production
4.2.2 Other restrictions
4.3 Analysis of Industry Value Chain
4.4 Porter’s five forces analysis
5 Market segmentation
5.1 Product Type
5.2 Terminal industry
5.3 Geography
6 Competitive landscape
7 Market opportunities and future trends
7.1 Emerging healthcare industry
7.2 Other opportunities
For more information about this report, please visit https://www.researchandmarkets.com/r/ggt4ob
View the source version on businesswire.com: https://www.businesswire.com/news/home/20210615005805/en/
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