Anaerobic Adhesives Market - Global Forecast To 2022
The anaerobic adhesives market is projected to reach USD 564.1 million by 2022, at a CAGR of 5.60% between 2017 and 2022. Anaerobic adhesives are one component acrylic adhesives. Anaerobic adhesives are compounds, which harden and polymerize when isolated from the air or in the absence of oxygen. These adhesives offer excellent anti-corrosiveness, solvent resistance, thermal resistance, easy to handle, fats curing time, high chemical resistance, and aging resistance.
Anaerobic adhesives are used in the automotive & transportation, industrial, and electrical & electronics end-use industries in a diverse range of applications such as camshaft sprocket bolts, crankshaft bolts, idler bearings, press fit filler tubes, transmission input and output shaft threads, ring gear or shock bolts, low pressure molding, and sealing & encapsulating critical components such as connectors, splice assemblies, and cable closures. They are also used in cylinder block studs, ring gear bolts, frame bolts, and shock bolts, and nuts and bolts on aircraft landing gears in the aerospace industry.
Key players in the anaerobic adhesives market are adopting various organic and inorganic growth strategies to increase their business and strengthen their position in the market. New product developments/launches and acquisitions are the major strategies undertaken by the key players to enhance their product portfolio and expand their global presence. These strategies accounted for all the strategic developments that took place in the anaerobic adhesives market between 2014 and 2017. Top players in this market are focusing on entering new markets by launching technologically advanced anaerobic adhesives for varied end-use industries. Some of the leading manufacturers of anaerobic adhesives are 3M (US), Illinois Tool Works (US), Three Bond International (Japan), Henkel (Germany), H.B.Fuller (US), Palm Labs Adhesives (US), and Delta Adhesives (UK).
H.B.Fuller (US) is one of the key players in the anaerobic adhesives market with an extensive product portfolio of anaerobic adhesives. In 2017, the company acquired Cyberbond (US). With this acquisition, H.B. Fuller has expanded its global reach coupled with its expertise. This will help the company to cater to the demands of customers in electronics, medical, automotive, general assembly, and cosmetic industries.
Palm Labs Adhesives (US) is another key player that has established a strong foothold in the anaerobic adhesives market and offers various anaerobic adhesives as part of its product portfolio. In April 2017, the company launched thread lockers in color-coded bottles with applicator brushes and tips to make dispensing quick, clean, and easy.
