Market Size of Metal Bonding Adhesives Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 6.66 Billion |
| Market Size (2029) | USD 8.91 Billion |
| CAGR (2024 - 2029) | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Metal Bonding Adhesives Market Analysis
The Metal Bonding Adhesives Market size is estimated at USD 6.66 billion in 2024, and is expected to reach USD 8.91 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
The COVID-19 pandemic significantly impacted the metal bonding adhesive market by disrupting the supply chain, causing production to slow down and shut down and an economic downturn. While the initial impact of COVID-19 was negative, the market appears to be on a recovery path during the forecast period.
- Major factors driving the market studied are growing demand from the automotive and transportation industry.
- On the flip side, volatility in raw material prices, due to the rising geopolitical tensions between various nations is hindering the growth of the market.
- Innovation and development of bio-based adhesives to open new opportunities for the market.
- The Asia-Pacific region represents the largest market, and it is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries, such as China, India, and Japan.
