Market Overview:
The global magnet bonding adhesive market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for magnet bonding adhesive in various applications, such as automotive, aerospace, and electronic products. In addition, the growing demand for lightweight and high-performance materials is also contributing to the growth of this market.
Product Definition:
A magnet bonding adhesive is a material that is used to bond two magnets together. The adhesive can be a liquid, solid, or powder and it will create a permanent bond between the magnets. Magnet bonding adhesives are often used in industrial applications where strong magnetic forces are required.
Cyanoacrylate:
Cyanoacrylate is a fast-acting, strong, and quick-drying adhesive. It has the ability to bond on almost all substrates such as plastic, glass, metal or even textiles. Cyanoacrylates are rapidly gaining popularity in Magnet Bonding Adhesive (MBA) market owing to their high thermal stability and excellent mechanical strength along with rapid setting time.
Methacrylate:
Methacrylate is a chemical that is derived from acrylic acid. It has the formula CH2O (meth) CR2O (acrylic acid). Methacrylate can be segmented into two categories, low and high-density types. The most commonly used methacrylates are methyl methacrylate, butyl methacrylate, ethyl acrylates etc.
Application Insights:
The automotive segment is expected to emerge as the fastest-growing application segment over the forecast period. Magnet bonding offers several advantages, such as high thermal stability, excellent mechanical strength and stiffness, and chemical inertness. These advantages are likely to drive its demand in various automotive applications over the coming years.
Aerospace is another key application sector for these adhesives due to their excellent mechanical properties and low cost compared with other products on the market. The electronic product segment also exhibits promising growth prospects for magnet bonding adhesive due to increasing use in consumer electronics such as smartphones and laptops coupled with rising demand from other industrial applications such as medical equipment & machinery manufacturing plants.
Other emerging markets include food packaging, general industry (building & construction), energy storage devices (lithium-ion batteries), sporting goods/leisure goods manufacturing plant flooring etc.
Regional Analysis:
North America was the largest market for magnet bonding adhesive in 2016 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global automotive production, which has resulted in high demand from Mexico and Canada as well as other countries. Increasing use of these adhesives in various end-use industries such as aerospace & defense, electronics, medical devices & components is anticipated to drive industry growth over the next eight years.
The Asia Pacific market accounted for a revenue share of 14% in 2016 owing to increasing industrialization along with rapid urbanization resulting into increased construction activities across developing economies including China, India Japan Malaysia Indonesia Singapore Thailand Vietnam etc. This factor is projected to boost product demand during the forecast period.
Growth Factors:
- Increasing demand for lightweight and durable materials in automotive and aerospace industries
- Rising demand for adhesives in construction and renovation projects
- Growing popularity of magnet bonding adhesive among small-scale businesses
- Technological advancements in the manufacturing of magnet bonding adhesive products
- Rising awareness about the benefits of using magnet bonding adhesive
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnet Bonding Adhesive Market Research Report
By Type
Cyanoacrylate, Methacrylate, Structural Acrylic, Epoxy
By Application
Automotive, Aerospace, Electronic Product, Other
By Companies
H.B Fuller, Henkel, Permabond, M, DELO, Master Bond, Dymax, Loxeal, Engineering Adhesives & Lubricants, H.B Fuller
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Magnet Bonding Adhesive Market Report Segments:
The global Magnet Bonding Adhesive market is segmented on the basis of:
Types
Cyanoacrylate, Methacrylate, Structural Acrylic, Epoxy
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Aerospace, Electronic Product, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- H.B Fuller
- Henkel
- Permabond
- M
- DELO
- Master Bond
- Dymax
- Loxeal
- Engineering Adhesives & Lubricants
- H.B Fuller
Highlights of The Magnet Bonding Adhesive Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cyanoacrylate
- Methacrylate
- Structural Acrylic
- Epoxy
- By Application:
- Automotive
- Aerospace
- Electronic Product
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Magnet Bonding Adhesive Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Magnet bonding adhesive is a type of adhesive that uses the power of magnets to hold objects together. The adhesive is applied to the surfaces of the objects to be bonded and then exposed to a powerful magnet. The strong magnetic force pulls the two pieces of metal or plastic together, creating a strong bond between them.
Some of the major players in the magnet bonding adhesive market are H.B Fuller, Henkel, Permabond, M, DELO, Master Bond, Dymax, Loxeal, Engineering Adhesives & Lubricants, H.B Fuller.
The magnet bonding adhesive market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnet Bonding Adhesive Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Magnet Bonding Adhesive Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnet Bonding Adhesive Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Magnet Bonding Adhesive Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Magnet Bonding Adhesive Market Size & Forecast, 2020-2028
4.5.1 Magnet Bonding Adhesive Market Size and Y-o-Y Growth
4.5.2 Magnet Bonding Adhesive Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cyanoacrylate
5.2.2 Methacrylate
5.2.3 Structural Acrylic
5.2.4 Epoxy
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Aerospace
6.2.3 Electronic Product
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnet Bonding Adhesive Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Magnet Bonding Adhesive Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cyanoacrylate
9.6.2 Methacrylate
9.6.3 Structural Acrylic
9.6.4 Epoxy
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Aerospace
9.10.3 Electronic Product
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cyanoacrylate
10.6.2 Methacrylate
10.6.3 Structural Acrylic
10.6.4 Epoxy
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Aerospace
10.10.3 Electronic Product
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cyanoacrylate
11.6.2 Methacrylate
11.6.3 Structural Acrylic
11.6.4 Epoxy
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Aerospace
11.10.3 Electronic Product
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cyanoacrylate
12.6.2 Methacrylate
12.6.3 Structural Acrylic
12.6.4 Epoxy
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Aerospace
12.10.3 Electronic Product
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cyanoacrylate
13.6.2 Methacrylate
13.6.3 Structural Acrylic
13.6.4 Epoxy
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Aerospace
13.10.3 Electronic Product
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Magnet Bonding Adhesive Market: Competitive Dashboard
14.2 Global Magnet Bonding Adhesive Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 H.B Fuller
14.3.2 Henkel
14.3.3 Permabond
14.3.4 M
14.3.5 DELO
14.3.6 Master Bond
14.3.7 Dymax
14.3.8 Loxeal
14.3.9 Engineering Adhesives & Lubricants
14.3.10 H.B Fuller
