High Temperature Adhesives & Sealants Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
High Temperature Adhesives & Sealants Market Analysis
The high temperature adhesives and sealants market is expected to register a CAGR of more than 6% during the forecast period. One of the major factors driving the growth of the market studied is the increasing demand from various end-user industries. On the flip side, stringent environmental regulations regarding VOC emissions serves as one of the stumbling blocks in the growth of the market studied.
- The eletrical and electronics segment dominated the market and is likely to grow during the forecast period.
- Asia-Pacific dominated the market across the world, with robust demand from the end-user industries, such as electronics, automotive, aerospace, and construction industry.
High Temperature Adhesives & Sealants Market Trends
This section covers the major market trends shaping the High Temperature Adhesives & Sealants Market according to our research experts:
Electrical and Electronics to Dominate the Market
- The electrical and electronics industry is one of the key consumer of adhesives and sealants. The adhesives and sealants in electrical and electronics applications are subjected to high temperatures due to the continuous operation of gadgets and other equipment.
- In electrical and electronics industry, high temperature adhesives and sealants are used as solder replacement, semi-conductor bonding, quick repairs, heat transfer, shielding, etc.
- The global consumer expenditure on electronics has been registering a 5% increase over the past few years. Asia-Pacific is the largest manufacturer of consumer electronics, with the major producing countries being China, India, Japan, and South Korea, among other developing countries of the region.
- According to Japan Electronics and Information Technology Industries Association (JEITA), the production in the global electronics and IT industry is driven largely by increasing demand for newer and faster electronic products, rapid pace of innovation, advancement of technology, and R&D activities in the electronics industry.
- However, the industry faced a slowdown due to the outbreak of COVID-19. China, which is one of the largest manufacturers of electrical and electronic appliances, shut their factories temporarily to tackle the outbreak.
- This has led to lack of supply, which, in turn, is expected to increase the prices of electronic appliances. Countries that import appliances areexpected to hit hard, as the prices are expected to go up. This is expected to negatively affect the demand and hinder the high temperature adhesive and sealants market growth
China to Dominate the Asia-Pacific Market
- The Asia-Pacific region dominated the global market. It is also expected to witness the fastest growth owing to the growing demand from various end-user industries in the countries such as China, India, Japan, and South Korea, with China dominating the market.
- China is the world's largest electronics production base and offers a tough competition to the existing upstream producers, such as South Korea, Singapore, and Taiwan. Electronic products, such as smartphones, OLED TVs, and tablets, among others, have the highest growth rates in the consumer electronics segment of the market, in terms of demand. With the increase in the disposable incomes of the middle-class population, the demand for electronic products is projected to increase steadily in the future, thereby, driving the market studied.
- The electronics manufacturing industry is constantly expanding in China, as a result of the low cost of and increasing demand for electronics products. With the increase in the disposable incomes of the middle-class population, the demand for electronic products is projected to grow in the near future, thereby, driving the Chinese liquid crystalline polymer market.
- The Chinese aerospace policy represents one of the most comprehensive attempts to enter the top levels of aerospace development and production. China is expected to be the world's largest singlecountry market for civil aircraft sales, over the next 20 years.
- Under the plan, 'Made in China 2025', it is expected that China will supply over 10% home-made commercial aircraft to the domestic market by 2025. This is expected to propel the demand for long fiber thermoplastics during the forecast period.
- Moreover, the Chinese automotive manufacturing industry is the largest in the world. Though the industry witnessed a slowdown in 2018, wherein the production and sales declined. Similar trend continued, with the production witnessing a 7.5% decline in 2019. According to the China Association of Automobile Manufacturers (CAAM), automotive production is expected to decline by about 2% in the end of 2020.
- Such growth in the above-mentioned industries is expected to drive the market for long fiber thermoplastics during the forecast period. However, the demand is likely to be affected during 2020 as well, as economic performance and demand are likely to remain affected by the current COVID-19 pandemic in the country.
High Temperature Adhesives & Sealants Industry Overview
The market for high temperature adhesives and sealants is partially consolidated with the top five players accounting for a significant share of the market. Some of the major players in the market include 3M, Bostik, an Arkema company, FortaFix (Minkon Ltd), AVERY DENNISON CORPORATION, and PPG Industries, Inc., amongst others.
High Temperature Adhesives & Sealants Market Leaders
-
3M
-
Bostik, an Arkema company
-
FortaFix (Minkon Ltd)
-
AVERY DENNISON CORPORATION
-
PPG Industries, Inc.
*Disclaimer: Major Players sorted in no particular order
High Temperature Adhesives & Sealants Market Report - Table of Contents
-
1. INTRODUCTION
-
1.1 Study Assumptions
-
1.2 Scope of the Study
-
-
2. RESEARCH METHODOLOGY
-
3. EXECUTIVE SUMMARY
-
4. MARKET DYNAMICS
-
4.1 Drivers
-
4.1.1 Increasing Demand from various End-user Industries
-
4.1.2 Other Drivers
-
-
4.2 Restraints
-
4.2.1 Stringent Environmental Regulations Regarding VOC Emissions
-
4.2.2 Impact of COVID-19 Pandemic
-
-
4.3 Industry Value-chain Analysis
-
4.4 Porter's Five Forces Analysis
-
4.4.1 Bargaining Power of Suppliers
-
4.4.2 Bargaining Power of Consumers
-
4.4.3 Threat of New Entrants
-
4.4.4 Threat of Substitute Products and Services
-
4.4.5 Degree of Competition
-
-
-
5. MARKET SEGMENTATION
-
5.1 Adhesive Resin Type
-
5.1.1 Epoxy
-
5.1.2 Silicone
-
5.1.3 Polyurethane
-
5.1.4 Acrylic
-
5.1.5 Other Resin Types
-
-
5.2 Sealant Product Type
-
5.2.1 Silicone
-
5.2.2 Polyurethane
-
5.2.3 Acrylic
-
5.2.4 Polyvinyl Acetate
-
5.2.5 Other Product Types
-
-
5.3 End-user Industry
-
5.3.1 Electrical and Electronics
-
5.3.2 Building and Construction
-
5.3.3 Automotive
-
5.3.4 Medical Devices and Instruments
-
5.3.5 Aerospace and Defense
-
5.3.6 Other End-user Industries
-
-
5.4 Geography
-
5.4.1 Asia-Pacific
-
5.4.1.1 China
-
5.4.1.2 India
-
5.4.1.3 Japan
-
5.4.1.4 South Korea
-
5.4.1.5 ASEAN Countries
-
5.4.1.6 Rest of Asia-Pacific
-
-
5.4.2 North America
-
5.4.2.1 United States
-
5.4.2.2 Canada
-
5.4.2.3 Mexico
-
-
5.4.3 Europe
-
5.4.3.1 Germany
-
5.4.3.2 United Kingdom
-
5.4.3.3 Italy
-
5.4.3.4 France
-
5.4.3.5 Spain
-
5.4.3.6 Rest of Europe
-
-
5.4.4 South America
-
5.4.4.1 Brazil
-
5.4.4.2 Argentina
-
5.4.4.3 Rest of South America
-
-
5.4.5 Middle-East and Africa
-
5.4.5.1 Saudi Arabia
-
5.4.5.2 South Africa
-
5.4.5.3 Rest of Middle-East and Africa
-
-
-
-
6. COMPETITIVE LANDSCAPE
-
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
-
6.2 Market Share/Ranking Analysis**
-
6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
-
6.4.1 3M
-
6.4.2 AVERY DENNISON CORPORATION
-
6.4.3 Bostik, an Arkema company
-
6.4.4 Cotronics Corp.
-
6.4.5 Dow
-
6.4.6 EpoxySet, Inc.
-
6.4.7 Fireus
-
6.4.8 Flexible Ceramics, Inc.
-
6.4.9 FortaFix (Minkon Ltd)
-
6.4.10 H.B. Fuller Company
-
6.4.11 Permabond LLC
-
6.4.12 Permatex
-
6.4.13 PPG Industries, Inc.
-
6.4.14 tesa SE - A Beiersdorf Company
-
6.4.15 Wacker Chemie AG
-
- *List Not Exhaustive
-
-
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
-
7.1 Growing Popularity of Heat-resistant Products
-
7.2 Other Opportunities
-
High Temperature Adhesives & Sealants Industry Segmentation
The high temperature adhesives and sealants market report includes:
Adhesive Resin Type | |
Epoxy | |
Silicone | |
Polyurethane | |
Acrylic | |
Other Resin Types |
Sealant Product Type | |
Silicone | |
Polyurethane | |
Acrylic | |
Polyvinyl Acetate | |
Other Product Types |
End-user Industry | |
Electrical and Electronics | |
Building and Construction | |
Automotive | |
Medical Devices and Instruments | |
Aerospace and Defense | |
Other End-user Industries |
Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
High Temperature Adhesives & Sealants Market Research FAQs
What is the current High Temperature Adhesives and Sealants Market size?
The High Temperature Adhesives and Sealants Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in High Temperature Adhesives and Sealants Market?
3M, Bostik, an Arkema company, FortaFix (Minkon Ltd), AVERY DENNISON CORPORATION and PPG Industries, Inc. are the major companies operating in the High Temperature Adhesives and Sealants Market.
Which is the fastest growing region in High Temperature Adhesives and Sealants Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in High Temperature Adhesives and Sealants Market?
In 2024, the Asia Pacific accounts for the largest market share in High Temperature Adhesives and Sealants Market.
What years does this High Temperature Adhesives and Sealants Market cover?
The report covers the High Temperature Adhesives and Sealants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the High Temperature Adhesives and Sealants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
High Temperature Adhesives and Sealants Industry Report
Statistics for the 2024 High Temperature Adhesives and Sealants market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. High Temperature Adhesives and Sealants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.