Market Size of Anaerobic Adhesives Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 583.08 Million |
| Market Size (2029) | USD 803.77 Million |
| CAGR (2024 - 2029) | 6.63 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Anaerobic Adhesives Market Analysis
The Anaerobic Adhesives Market size is estimated at USD 583.08 million in 2024, and is expected to reach USD 803.77 million by 2029, growing at a CAGR of 6.63% during the forecast period (2024-2029).
COVID-19 negatively impacted the market in 2020. However, the market recovered significantly in 2021, owing to rising consumption from various end-user industries such as electrical and electronics, building and construction, and others.
- Over the medium term, recovering the automotive industry and increasing demand from electrical and electronics industries are driving the growth of the studied market.
- On the flip side, the high cost of anaerobic adhesives hinders the growth of the anaerobic adhesives market.
- Nevertheless, increasing research and development and bio-based raw materials, coupled with growing prominence in the renewable energy market, are likely to act as lucrative opportunities for the studied market.
- Asia-Pacific is likely to dominate the global anaerobic adhesives market and is likely to grow with the highest CAGR during the forecast period.
