Booming Manufacturing Sector Propelling Demand for Metal Bonding Adhesives in India

NEW YORK - June 16, 2021 - PRLog -- The rapid advancement in the manufacturing sector is causing a steep rise in the sales of metal bonding adhesives in India. As per the India Brand Equity Foundation, the country's manufacturing sector rose to $91.2 billion in valuation from April 2000 to June 2019, mainly because of the increasing foreign direct investments in the country. Additionally, the implementation of several government initiatives such as Make in India is propelling the progress of the sector.

This is, in turn, creating various new avenues for manufacturing organizations for the usage of advanced industrial equipment. This is subsequently fueling the surge in the requirement for adhesives that are required for joining various metal substrates. Besides this, the booming healthcare industry is also predicted to create lucrative growth opportunities for the Indian metal bonding adhesives industry players. As per many industry experts, the healthcare industry is predicted to attain a value of $372 billion by 2022.

As these adhesives are extensively used in the manufacturing of various healthcare devices and equipment such as surgical equipment, X-ray machines, implantable devices, and biosensors, the ballooning sales of medical devices are massively boosting the demand for these adhesives. This is, in turn, driving the progress of the  Indian metal bonding adhesives market (https://www.psmarketresearch.com/market-analysis/india-me...). The market valuation is predicted to surge from $198.9 million in 2019 to $343.6 million by 2030.

Due to their features such as high resistance to chemicals, extreme temperatures, oil, stress, moisture, and other solvents and excellent compatibility with various metals, epoxy adhesives are being heavily used in the country. When application is taken into consideration, the Indian metal bonding adhesives market is categorized into automotive, industrial machinery, industrial maintenance, construction, and consumer appliances. Amongst these, the automotive category recorded the highest growth in the market in the past, as per the market research firm, P&S Intelligence.

Hence, it can be safely said that the sales of metal bonding adhesives will explode in India in the coming years, primarily because of their mushrooming requirement in the automotive industry and various manufacturing operations.