In 2030, the India metal bonding adhesives market is projected to generate $343.6 million revenue due to the increased requirement of metal bonding adhesives led by industrial applications, including base plates, reaction injection, cooling water pumps, ultracentrifuge rotors, industrial pumps, and reaction injection molding machines. 

The shift of consumers from traditional fasteners to metal bonding adhesives is witnessed in the India metal bonding adhesives market, owing to their numerous advantages such as lightweight, low cost, eco-friendliness, fuel economy, and improved aesthetics of the final product. Moreover, the higher industrial application of metal bonding adhesives in aircraft and automobile manufacturing than rivets or other mechanical fasteners is driven by their easy usage and ability to equally distribute loads. In addition, the emergence of electric vehicles and the rising focus on decreasing vehicular weight and expanding the economy are predicted to increase the demand for metal bonding adhesives in India. 

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In addition, the expansion of the manufacturing sector is a key driver of the Indian metal bonding adhesives market. Numerous government initiatives fuel the expansion of the manufacturing sector, such as Make in India, resulting in new players entering the industry and increasing the adoption of advanced machinery. It further contributes to the increased requirement for adhesives to cater to the requirements of the joining metal substrates. In addition, the numerous advantages of these adhesives have increased their industrial consumption in the last few years. 

The players in the Indian metal bonding adhesives market are offered huge opportunities by the healthcare sector, led by the massive demand for healthcare equipment. The production of healthcare equipment such as surgical equipment, biosensors, X-ray machines, and implantable devices requires massive usage of metal bonding adhesives. That is why the predicted surge in healthcare equipment is projected to result in market proliferation. 

The automotive sector contributes the largest India metal bonding adhesives market revenue share, and it is expected to capture a 30% share of the market in 2030, ascribed to the massive demand for automotive components caused by the expansion of the automotive and transportation sectors. Moreover, the numerous advantages of these adhesives, such as chemical resistance, rapid curing speed, shock resistance, and non-flammability, propel their demand for metal bonding applications in the automotive sector. 

The key players in the India metal bonding adhesives market are Huntsman Corporation, Arkema Group, Henkel AG & Co., Pidilite Industries Limited, H.B. Fuller Company, Sika AG, DuPont de Nemours, and The 3M Company. 

Therefore, the industrial expansion of the automotive and healthcare sectors propels the market, owing to the extensive demand for metal bonding adhesives in the manufacturing of automotive components and healthcare equipment. 

SOURCE: P&S Intelligence