Global Anaerobic Adhesives Market to Reach $966.7 Million by 2030
The global market for Anaerobic Adhesives estimated at US$626.8 Million in the year 2023, is expected to reach US$966.7 Million by 2030, growing at a CAGR of 6.4% over the analysis period 2023-2030. Thread Locker, one of the segments analyzed in the report, is expected to record a 7.1% CAGR and reach US$356.7 Million by the end of the analysis period. Growth in the Thread Sealants segment is estimated at 6.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $163.4 Million, While China is Forecast to Grow at 9.9% CAGR
The Anaerobic Adhesives market in the U.S. is estimated at US$163.4 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$231.8 Million by the year 2030 trailing a CAGR of 9.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$138.8 Million by the year 2030.
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