Over $300.0 Million Revenue Expected in Indian Metal Bonding Adhesives Market in 2030


Posted July 7, 2020 by Manishbaghel

The Indian metal bonding adhesives market is expected to increase from $198.9 million to $343.6 million from 2019 to 2030. The market is predicted to register a CAGR of 5.2% during the forecast period (2020—2030).

 
The flourishing manufacturing sector in India is one of the major factors fueling the soaring production of metal bonding adhesives in the country. As per the India Brand Equity Foundation, the manufacturing sector in India attained a valuation of $91.2 billion during April 2000—June 2019, mainly owing to the increasing foreign direct investments in the country. Furthermore, the numerous government initiatives such as ‘Make in India’ have significantly contributed toward the surge of the manufacturing sector in the country, which has in turn, propelled the requirement of metal bonding adhesives in the country over the last few years.


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Driven by the above-mentioned factor, the value of the Indian metal bonding adhesives market is expected to increase from $198.9 million to $343.6 million from 2019 to 2030. The market is predicted to register a CAGR of 5.2% during the forecast period (2020—2030). The metal bonding adhesives are extensively used in the automotive, industrial maintenance, construction, consumer appliances, and industrial machinery applications. Out of these, the utilization of metal bonding adhesives is expected to be the highest in the automotive applications during the forecast period, mainly because of the rising requirement of automotive components in the country.


The healthcare industry in India is predicted to generate huge demand for the metal bonding adhesives in the coming years. This is primarily credited to the burgeoning need for healthcare devices and other equipment in the various healthcare set-tings. As the metal bonding adhesives are extensively used in the manufacturing of healthcare instruments such as surgical equipment, implantable devices, X-ray machines, and biosensors, the expected surge in the demand for medical devices will bolster the sales of metal bonding adhesives in the country in the upcoming years.
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Issued By Manish Kumar
Business Address Noida
Country India
Categories Business , Industry , News
Tags indian metal bonding adhesives market , indian metal bonding adhesives market demand , indian metal bonding adhesives market growth , indian metal bonding adhesives market overview , indian metal bonding adhesives market share , indian metal bonding adhesives market size , indian metal bonding adhesives market trends
Last Updated July 7, 2020