The manufacturing sector in India is growing at a rapid pace, and is majorly being driven by the increase in foreign direct investments. As per the India Brand Equity Foundation, the Indian manufacturing sector attained $91.2 billion during April 2000–June 2019. Several government initiatives, such as Make in India, are also resulting in the growth of the sector and opening up opportunities for manufacturing organizations and for the adoption of innovative industrial machinery. This expanding manufacturing sector is creating a rising requirement for metal bonding adhesives in the country, owing to their advantages.
While before, welded bonds and fasteners were preferred for binding different metal substrates, these days, adhesives designed specifically for metal bonding purposes are gaining traction. The utilization of these adhesives instead of traditional methods is cost efficient and further decreases the number of steps in assembly lines, thereby speeding up the overall process. In addition to this, metal bonding adhesives also allow relative movement of parts without affecting the integrity of the machine. Ascribed to these advantages, the Indian metal bonding adhesives market is predicted to attain a value of $343.6 million by 2030, rising from $198.9 million in 2019, growing at a 5.2% CAGR during the forecast period (2020–2030).
Get a sample copy of this market analysis: https://www.psmarketresearch.com/market-analysis/india-metal-bonding-adhesives-market/report-sample
Different types of metal bonding adhesives are rubber, epoxy, polyurethane, acrylic, anaerobic, and cyanoacrylate. Out of all these, the demand for epoxy-based adhesives was the highest in the past, and they are further predicted to be the most in demand in the coming years. This is because of the fact that epoxy adhesives exhibit more resistance to moisture, oil, extreme temperatures, stress, chemicals, and other solvents and are more compatible with different metals, such as stainless steel, aluminum, mild steel, copper, and zinc, as compared to other metal bonding adhesives.
Metal bonding adhesives have various applications, such as construction, automotive, consumer appliances, industrial machinery, and industrial maintenance. Out of all these, the largest demand for these adhesives is projected to be created for applications in the automotive industry during the forecast period. Due to properties of metal bonding adhesives, such as non-flammability, shock resistance, chemical resistance, high bonding strength, and rapid curing speed, they are used extensively in the automotive industry. In addition to this, the swift growth of the automotive industry in the country is further driving the Indian metal bonding adhesives market.
Because of the advent of electric and autonomous cars, the focus on decreasing the weight of these vehicles has risen substantially. Electric cars need to be light in weight in order for them to operate efficiently, which is why manufacturers are increasing making use of metal bonding adhesives instead of nuts and bolts for joining different parts of cars. These adhesives allow electric vehicles to be economical, while increasing their aesthetic appeal.
In conclusion, the demand for metal bonding adhesives in India is growing due to the expanding manufacturing sector and increasing need for reducing the weight of vehicles.
While before, welded bonds and fasteners were preferred for binding different metal substrates, these days, adhesives designed specifically for metal bonding purposes are gaining traction. The utilization of these adhesives instead of traditional methods is cost efficient and further decreases the number of steps in assembly lines, thereby speeding up the overall process. In addition to this, metal bonding adhesives also allow relative movement of parts without affecting the integrity of the machine. Ascribed to these advantages, the Indian metal bonding adhesives market is predicted to attain a value of $343.6 million by 2030, rising from $198.9 million in 2019, growing at a 5.2% CAGR during the forecast period (2020–2030).
Get a sample copy of this market analysis: https://www.psmarketresearch.com/market-analysis/india-metal-bonding-adhesives-market/report-sample
Different types of metal bonding adhesives are rubber, epoxy, polyurethane, acrylic, anaerobic, and cyanoacrylate. Out of all these, the demand for epoxy-based adhesives was the highest in the past, and they are further predicted to be the most in demand in the coming years. This is because of the fact that epoxy adhesives exhibit more resistance to moisture, oil, extreme temperatures, stress, chemicals, and other solvents and are more compatible with different metals, such as stainless steel, aluminum, mild steel, copper, and zinc, as compared to other metal bonding adhesives.
Metal bonding adhesives have various applications, such as construction, automotive, consumer appliances, industrial machinery, and industrial maintenance. Out of all these, the largest demand for these adhesives is projected to be created for applications in the automotive industry during the forecast period. Due to properties of metal bonding adhesives, such as non-flammability, shock resistance, chemical resistance, high bonding strength, and rapid curing speed, they are used extensively in the automotive industry. In addition to this, the swift growth of the automotive industry in the country is further driving the Indian metal bonding adhesives market.
Because of the advent of electric and autonomous cars, the focus on decreasing the weight of these vehicles has risen substantially. Electric cars need to be light in weight in order for them to operate efficiently, which is why manufacturers are increasing making use of metal bonding adhesives instead of nuts and bolts for joining different parts of cars. These adhesives allow electric vehicles to be economical, while increasing their aesthetic appeal.
In conclusion, the demand for metal bonding adhesives in India is growing due to the expanding manufacturing sector and increasing need for reducing the weight of vehicles.