The global anaerobic adhesives market size was estimated at USD 603.66 million in 2023 and is projected to reach USD 892.80 million by 2030, growing at a CAGR of 5.8% from 2024 to 2030. The market is driven by the increasing demand for anaerobic adhesives in applications such as textiles and apparel. Additionally, the material's rising popularity in the manufacturing of eyewear frames and photographic films serves as another significant driver, with eyewear manufacturers favoring it for its lightweight, durable, and flexible properties.
The growing consumer demand for low-tar cigarettes worldwide and the properties that prolong the shelf life of food products are further boosting market growth, with the rise in cigarette consumption anticipated to propel the market forward.
Anaerobic adhesives are distinguished by their unique curing process. They solidify into a tough state when deprived of atmospheric oxygen. They remain in a liquid state until isolated from oxygen and exposed to metal ions, such as iron or steel. The curing process necessitates air isolation, metal contact, and adequate temperature. This feature renders them ideal for applications such as thread locking, thread sealing, and retaining.
Key Market Trends & Insights
- The Asia Pacific region dominated the anaerobic adhesives market with a revenue share of 35.95% in 2023. This region is witnessing rapid economic growth, leading to increased industrialization and infrastructure projects. The rising demand for anaerobic adhesives in China and India, major producers of automotive and electronic products, is driving market growth in the region.
- The Asia Pacific also emerged as the fastest-growing market, with a CAGR of 6.5% from 2024 to 2030. The anaerobic adhesives market in North America is expected to grow at a significant CAGR during the forecast period, supported by a well-established automotive industry and a strong emphasis on technological advancements.
- By product, the thread lockers segment led the market with the largest revenue share of 31.5% in 2023. These products provide a reliable and durable locking mechanism for threaded assemblies, commonly used in critical components like engine mounts, suspension systems, and brake calipers to ensure fasteners remain securely in place under extreme conditions.
- By substrate, the plastics segment captured the largest revenue share of 43.8% in 2023. Anaerobic adhesives exhibit excellent bonding capabilities with various plastics, including polypropylene, polyethylene, PVC, and ABS. One major application of these adhesives on plastics is in the assembly of automotive components.
- By end-use, the automotive segment held the largest revenue share of 22.25% in 2023. These adhesives enhance assembly efficiency, improve safety, and ensure reliable performance in various automotive applications.
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Market Size & Forecast
- 2023 Market Size: USD 603.66 million
- 2030 Projected Market Size: USD 892.80 million
- CAGR (2024-2030): 5.8%
- Asia Pacific: Largest market in 2023
Key Companies & Market Share Insights
The competitive landscape of the global market is influenced by various factors, including advancements in formulations, sustainability initiatives, and enhanced curing technologies. Major players are continually working to develop more efficient formulations that improve product performance while reducing pollution during processing. Companies in the market are focusing on ongoing research and development to enhance their product offerings and meet evolving customer needs. They have introduced products with improved performance characteristics, such as high-temperature resistance and increased bond strength.
Some key players operating in the global market include:
- 3M: A well-known manufacturer of anaerobic adhesives, offering a diverse range of products for various applications. Their portfolio includes anaerobic threadlockers, structural adhesives, retaining compounds, gasket sealants, and more.
- Henkel: A leading manufacturer of anaerobic adhesives, providing a broad range of products across different industries. Their offerings include anaerobic threadlockers, retaining compounds, gasket sealants, and more, with a strong emphasis on research and development to meet customer needs.
Emerging market participants include:
- Permabond: A manufacturer of industrial adhesives, including anaerobic adhesives, catering to various sectors. Their offerings include anaerobic threadlockers, retaining compounds, and gasket sealants, with a focus on expert technical support and custom formulations.
- Astral Adhesives: A producer of various adhesives, including anaerobic options, their portfolio includes anaerobic threadlockers, retaining compounds, and other adhesive solutions.
Key Players
- Parson Adhesives, Inc.
- 3M
- Permabond LLC
- ITW LLC & Co. KG
- WEICON GmbH & Co. KG
- Loxeal S.r.l.
- Henkel AG & Co. KGaA
- Bodo Möller Chemie GmbH
- Hangzhou Fenloc Bondtek Co.,Ltd.
- ASTRAL ADHESIVES
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Conclusion
The anaerobic adhesives market is poised for significant growth, driven by increasing demand across various applications and regions. The unique properties of anaerobic adhesives make them essential in automotive, electronics, and consumer goods, with major players continuously innovating to enhance product capabilities and meet evolving market needs. As the market expands, sustainability and performance will likely remain at the forefront of product development strategies.