What is the Market Demand for Anaerobic Adhesives?
The anaerobic adhesives market is anticipated to grow from US$613.9 million in 2024 to US$894.5 million by 2031, reflecting a CAGR of 5.5% during the forecast period. This growth is primarily driven by the increasing demand in the automotive sector, particularly in the automotive and aerospace industries. The Asia Pacific region holds a substantial market share due to the rapid industrialization in emerging economies such as India and China. Additionally, continuous innovations in adhesive formulations, coupled with the rise of renewable energy infrastructure and the adoption of electric vehicle manufacturing, further enhance market prospects, particularly in industrializing regions like Asia Pacific and Latin America.