Booming Manufacturing Sector Propelling Growth of Indian Metal Bonding Adhesives Market

The Indian metal bonding adhesives market was valued at $198.9 million in 2019, and it is predicted to reach a revenue of $343.6 million by 2030, demonstrating a CAGR of 5.2% from 2020 to 2030. The major factors fueling the expansion of the market are the burgeoning requirement for metal bonding adhesives for various industrial applications, such as ultracentrifuge rotors, cooling water pumps, industrial pumps, base plates, and reaction injection molding machines.

Furthermore, the surge in the country’s manufacturing sector is also positively impacting the Indian metal bonding adhesives market. As per the India Brand Equity Foundation (IBEF), the manufacturing sector in India reached a value of $91.2 billion between April 2000–June 2019, mainly because of the increasing foreign direct investments (FDI) in the country. Moreover, several government initiatives, such as the ‘Make in India’, have fueled the boom of the sector, thereby creating several avenues for the companies operating in this sector and also for the manufacturers of advanced industrial equipment.

The Indian metal bonding adhesives market is also classified, on the basis of application, into automotive, industrial maintenance, industrial machinery, construction, and consumer appliances. Out of these, the automotive category dominated the market in the past, and it is expected to exhibit huge expansion in the coming years as well. This is credited to the growing requirement for automotive components owing to the surge in the transportation and automotive industries. Moreover, because of various traits, such as high chemical resistance, rapid curing speed, high bonding strength, shock resistance, and non-flammability, these adhesives are being increasingly used for various metal bonding applications in the automotive sector.

Hence, it can be safely said that the sales of metal bonding adhesives will soar in India in the years to come, primarily because of the expansion of the manufacturing, automobile, and healthcare sectors in the country. 

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