High performance Adhesives Market Growth, Scope, Challenges, Key Players Overview and Forecast 2018 - 2026

High performance Adhesives Market - Overview

High-performance adhesives possess superior properties such as high tensile strength, high temperature resistance, low curing time, high elasticity, high durability, and excellent moisture resistance. These adhesives are commonly utilized in critical and complex applications, wherein enhanced performance of adhesives is required. Leading manufacturers of adhesives as well as research institutions are making significant investments to develop durable, low-cost high-performance adhesives and to improve their properties for critical and complex applications in industries such as transportation and medical. The medical segment of the high-performance adhesives market is projected to witness rapid growth during the forecast period. Advancements in medical device assembly technologies and requirements for superior performance of adhesives in industries such as aerospace are anticipated to fuel the global high-performance adhesives market during the forecast period.

Based on product, the global high-performance adhesives market has been segmented into epoxy, silicone, polyurethane, and acrylic. Epoxy is the most widely used type of high-performance adhesives. The epoxy segment is likely to dominate the global high-performance adhesives market during the forecast period, due to high temperature resistance of epoxy adhesives and their compatibility with dissimilar substrates used in a wide range of end-use industries. Epoxy adhesives are widely being replaced by water-based, acrylic high-performance adhesives that contain a small amount of VOCs. Acrylic is estimated to be the rapidly expanding segment during the forecast period.

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In terms of formulation technology used, the global high-performance adhesives market can be segmented into solvent-based, water-based, hot melt, and UV-curable. The solvent-based segment accounts for a major share of the market. However, the demand for solvent-based adhesives is gradually decreasing, due to harmful effects of volatile organic compounds (VOCs) contained in them. Awareness about VOCs has led to adoption of water-based high-performance adhesives that contain VOCs in traces. The water-based segment is expected to expand at a rapid pace during the forecast period.

Based on region, the global high-performance adhesives market can be classified into: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is estimated to be the leading market for high-performance adhesives in the next few years. The market in Asia Pacific is estimated to expand rapidly during the forecast period. This growth can be attributed to increase in the purchasing power of people in countries such as China and India, which leads to growing adoption of high end-products that use high-performance adhesives. Middle East & Africa and Latin America are also estimated to witness high increase in the demand for high-performance adhesives. The market for high-performance adhesives in Europe is projected to expand at a low rate during the forecast period, as it is an already mature market. Manufacturers in developed regions have limited presence in Middle East & Africa and Latin America. These regions are projected to create lucrative opportunities for high-performance adhesives manufacturers in the next few years. Strengthening distribution channels in these regions is anticipated to help these companies expand their footprint in the near future.

The report analyzes and forecasts the high-performance adhesives market at the global and regional levels. The market has been projected in terms of volume (tons) and revenue (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global high-performance adhesives market. It also covers the expected impact of these drivers and restraints on the demand for high-performance adhesives during the forecast period. The report also highlights growth opportunities for the high-performance adhesives market at the global and regional levels.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global high-performance adhesives market. Porter’s five forces model for the high-performance adhesives market has also been included to help understand the competition landscape. The study encompasses market attractiveness analysis, wherein type, formulation technology, and end-user industry segments have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global high-performance adhesives market by segmenting it in terms of type, formulation technology, end-user industry, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes current and future demand for high-performance adhesives in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers individual type, formulation technology, and end-user industry segments of the market in all regions.

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The study includes profiles of major companies operating in the global high-performance adhesives market. Key players profiled in the report are Henkel AG, Bostik, 3M, Avery Dennison, HB Fuller, Pidilite, ITW, Delo, Huntsman Corporation, and Sika. Market players have been profiled in terms of company overview, business strategies, and recent developments.

The report provides the estimated market size of the global high-performance adhesives market for 2017 and forecast for the next nine years. The size of the global high-performance adhesives market has been provided in terms of revenue. Market numbers have been estimated based on type, formulation technology, end-user industry, and region. The market size and forecast for each type, formulation technology, and end-user industry segment has been provided for the global and regional markets.

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