High-Performance Adhesives Market to experience an impressive growth of 6.5% during 2017-2022
February 04, 2020
High-Performance Adhesives Market offers healthy growth opportunities in the entire ecosystem and is projected to grow at a healthy CAGR of 6.5% over the next five years. Organic growth of major end-use industries, such as transportation and aerospace & defense; rising demand for miniaturization and automation in the electronic industry; increasing usage of composite parts in the major markets; an advancement in technology; and higher properties, such as low cure time, higher temperature resistance, an excellent adhesion, and higher chemical resistance, are the major factors proliferating the growth of the high-performance adhesives market.
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High-Performance Adhesives Market Segment Insights:
By End-Use Industry Type:
The global high-performance adhesives market is segmented based on the end-use industry as Transportation, Aerospace & Defense, Packaging, Electrical & Electronics, Construction, and Medical. Transportation is projected to remain the largest segment of the high-performance adhesives market during the forecast period, driven by an increasing usage of high-performance adhesives to bond multi-material substrates. The light vehicles (LVs) segment is projected to be the growth engine of the high-performance adhesives market in the transportation industry. All the major automakers are increasingly adopting the lightweight materials into their vehicles with the purpose to make the vehicle light in weight and improve aesthetics to address the stringent regulations, such as CAFÉ Standards. This is pushing the demand for multi-materials including aluminum and composites in the automotive industry.
By Product Type:
Based on the product type, the global high-performance adhesives market is segmented as Epoxy, Polyurethane, Acrylic, and Silicone. Epoxy is estimated to remain the most dominant product type in the high-performance adhesives market over the next five years, driven by its high compatibility with epoxy resin coupled with increasing usage of epoxy resins in the major end-use industries. An excellent temperature resistance and higher durability are the additional factors that further elevating the demand for epoxy in the high-performance adhesives market.
By Region:
Based on the Regions, Asia-Pacific is expected to remain the largest and fastest-growing market for high-performance adhesives during the forecast period. High dominance and growth of high-performance adhesives in Asia-Pacific is mainly attributable to the increasing automobile production coupled with an increased acceptance of advanced materials; a gradual shift of E&E industry from the developed economies to the developing Asian economies; opening of commercial aircraft assembly plants in China, development of indigenous Asian aircraft, such as COMAC C919 and Mitsubishi MRJ.
Key Players:
The supply chain of this market comprises raw material suppliers, high-performance adhesive manufacturers, distributors, and end-users. The key high-performance adhesive manufacturers are Henkel AG & Co., The 3M Company, Bostik Sa, H.B. Fuller Company, Illinois Tool Works Inc., Avery Dennison Corporation, Sika AG, and Royal Adhesives & Sealants, LLC. New Applications development and regional expansion are some of the major strategies adopted by the major players to remain competitive in the market.
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Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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