The metal bonding adhesives market share is likely to attain a global CAGR of 7.3% during the ongoing forecast period of 2022-2030. The global textile fabrics market was valued at USD 7184.5 million in 2021 and is projected to reach USD 13297.4 million by the end of 2030.

The global metal bonding adhesives market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among the aforementioned regions, Asia Pacific holds a major share of the global market and is expected to retain its dominance over the forecast period, owing to the increasing consumption of epoxy and acrylic based adhesives in aerospace, automotive, industrial equipment, industrial and others. It is estimated that the automotive segment is set to observe the 8.18% CAGR in the market due to growing replacement of metal joints, screws and fasteners by metal bonding adhesives. Epoxy based adhesives are witnessing high market share owing to superior bonding properties resulting into better crash resistance. Country wise, China and India are the leading passenger car vehicle producers.

Country markets in Latin American region such as in Brazil, Uruguay, and Argentina due to the growing consumption of epoxy, polyurethanes and acrylic resins in automotive & transportation, industrial, equipment and energy sectors. Moreover, a rapid development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to increasing demand for alkyd, polyurethanes and epoxy resins in major industries.

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Segmentation

The global metal bonding adhesives market is segmented into type, and application. By type, the market is further classified into acrylic, epoxy, polyurethane and others. By application, the market is bifurcated into automotive & transportation, industrial equipment, and consumer appliances.

Competitive Analysis

Some of the well-known players operating in the global metal bonding adhesives market are Some of the prominent players operating in the global metal bonding adhesives market are Henkel AG & Co KgaA, H. B. Fuller, The 3M Company, Sika AG, The Dow DuPont Inc., Arkema S.A., Solvay SA, Lord Corporation, DELO Industrie Klebstoffe GmbH & Co. KGaA, and and Parson Adhesives, Inc

The North America market is expected to grow at a stable CAGR due to extensive consumption of acrylic and metal to metal epoxy bonding based adhesives in automotive, marine, and aerospace. Owing to stringent Corporate Average Fuel Economy (CAFE) regulations, pertinent to fuel efficiency of the vehicle, North American automotive producers are more inclined to lightweight vehicles.

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