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High-performance Adhesives Market Size (2024 - 2029)

The High Performance Adhesives market is anticipated to experience growth, driven primarily by increasing demand in the Asia-Pacific region. This region leads in consumption, with significant contributions from countries like China, India, and Japan. However, the market's expansion is challenged by stringent environmental regulations and the adverse impacts of the COVID-19 pandemic.

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Market Size of High-performance Adhesives Industry

High-performance Adhesives - market summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

High-performance Adhesives Market Analysis

The market for High-performance Adhesives is expected to grow at a CAGR of over 5% during the forecast period. Major factor driving the market studied is the growing demand for high performance adhesives in asia-pacific region.

  • On the flipside, stringent environmental regulations and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of market.
  • Asia-Pacific region dominated the market across the globe with the largest consumption from countries such as China, India and Japan.

High-performance Adhesives Industry Segmentation

The High-performance Adhesives market report includes:

Resin Type
Epoxy
Polyurethane
Acrylic
Silicone
Other Resin Types
Technology
Solvent-based
Water-based
Hot-melt
UV Curable
End-user Industry
Transportation
Packaging
Electrical and Electronics
Building and Construction
Healthcare
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle-East and Africa
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High-performance Adhesives Market Size Summary

The high-performance adhesives market is poised for significant growth, driven primarily by increasing demand in the Asia-Pacific region. This growth is largely attributed to the expanding healthcare industry, where these adhesives are utilized in various medical applications. The region's dominance is further bolstered by its robust packaging, building, and construction sectors. Countries like China, India, and Japan are at the forefront, with China leading due to its large economy and rapid consumption of packaged goods. Despite the promising growth trajectory, the market faces challenges from stringent environmental regulations and the lingering effects of the COVID-19 pandemic, which have somewhat impeded its expansion.

The market landscape is characterized by fragmentation, with key players such as Huntsman International LLC, MAPEI S.p.A, 3M, Sika AG, and Illinois Tool Works Inc. actively competing for market share. The healthcare sector's growth, fueled by an aging population and technological advancements, is expected to significantly boost the demand for high-performance adhesives. Additionally, the increasing healthcare expenditure in developing countries is likely to further drive market growth. In the packaging industry, particularly in India, the demand for high-performance adhesives is rising due to the rapid expansion of the packaged foods sector, which is one of the fastest-growing industries in the country. These trends indicate a positive outlook for the high-performance adhesives market over the forecast period.

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High-performance Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand for High Performance Adhesives in Asia-Pacific Region

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Stringent Environmental Regulations

      2. 1.2.2 Impact of COVID-19 Pandemic

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Resin Type

      1. 2.1.1 Epoxy

      2. 2.1.2 Polyurethane

      3. 2.1.3 Acrylic

      4. 2.1.4 Silicone

      5. 2.1.5 Other Resin Types

    2. 2.2 Technology

      1. 2.2.1 Solvent-based

      2. 2.2.2 Water-based

      3. 2.2.3 Hot-melt

      4. 2.2.4 UV Curable

    3. 2.3 End-user Industry

      1. 2.3.1 Transportation

      2. 2.3.2 Packaging

      3. 2.3.3 Electrical and Electronics

      4. 2.3.4 Building and Construction

      5. 2.3.5 Healthcare

      6. 2.3.6 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 France

        4. 2.4.3.4 Italy

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 South Africa

        2. 2.4.5.2 Saudi Arabia

        3. 2.4.5.3 Rest of Middle-East and Africa

High-performance Adhesives Market Size FAQs

The High-performance Adhesives Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Illinois Tool Works Inc., MAPEI S.p.A., 3M, Sika AG and Huntsman International LLC are the major companies operating in the High-performance Adhesives Market.

High-performance Adhesives Market Report Snapshots

High Performance Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)