High Temperature Adhesives Market Size, Share, Growth Report 2030
Description
According to the report published by Zion Market Research, the global High Temperature Adhesives Market size was valued at USD 4.90 Billion in 2022 and is predicted to reach USD 8.96 Billion by the end of 2030. The market is expected to grow with a CAGR of 7.84% during the forecast period. The report analyzes the global High Temperature Adhesives Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the High Temperature Adhesives Market industry.
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Global High Temperature Adhesives Market: Overview
High temperature adhesives act as bonding agents, which are used in applications where temperature requirement is 150°C and above. These adhesives are resistant to high temperatures and do not lose its tensile strength and bonding. The high temperature adhesives are capable to bond many substrates such as glass, plastics, rubbers, and metals. The various end-use industries where the high temperature adhesives are used include electronics & electrical, marine, automotive, and aerospace.
Global High Temperature Adhesives Market: Growth Factors
High temperature adhesives are used in applications where the temperature is above 150°C. The industries where such applications are used include automotive, marine, electronics & electrical, and aerospace thus increasing the demand for the product in the global market. Development and advancement in the technology, emergence of innovative techniques, and development of the bio-raw materials are some of the major factors that are influencing the global market. High temperature adhesives are used to join substrates such as plastics, metal, rubbers, and glasses. They are speedily replacing traditional joining methods such as thermal joining and mechanical fastening. Developing automobile industry and increasing need for lightweight vehicles coupled with low carbon emissions and fuel efficiency fosters the market growth in the future. High temperature adhesives provide an alternative to the mechanical fastener in automotive and aerospace industries which is positively affecting the global high temperature adhesives market. Rising demand for adhesives from the emerging regions fuels the growth of the global high temperature adhesives market.
Global High Temperature Adhesives Market: Segmentation
The high temperature adhesives market is globally segmented based on the technology, types, and applications. The technology segment is classified into films, solvent-based, reactive, and others. The global market is fragmented based on types of acrylic, epoxy, polyurethane, silicone, and others. On the basis of applications, the global market is segregated into construction, electrical & electronics, aerospace, automotive, marine, and others. The electrical & electronics is the dominating application segment.
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Global High Temperature Adhesives Market: Regional Analysis
Asia Pacific is the leading region for high temperature adhesives that is anticipated to witness major growth in future. Factors responsible for market growth are population expansion, rising disposable income of the middle class, and increase in demand for new age fancy and reliable products. Demand for high temperature adhesives is expected to rise in the developing economies such as China and India in Asia Pacific region. Foreign investments in the automobile industries have increased tremendously owing to encouraging government policies in Thailand and Indonesia which anticipate fostering the global high temperature adhesives market growth. Europe is another lucrative market that is growing at a faster rate due to significant growth in the automobile industry. Germany, UK, and France are focusing on manufacturing lightweight vehicles which increase the demand for the temperature adhesives market. North America contributed significant growth in the aerospace industry in the US which in turn boosts the high temperature adhesives market.
Global High Temperature Adhesives Market: Competitive Players
Major players dominating the global high temperature adhesives market are:
- Cotronics Corp.
- Dow Corning
- Permabond LLC.
- Delo Industrial Adhesives
- 3M Company
- Three Bond Corp. Ltd.
- Master Bond Inc.
- Henket.
The global High Temperature Adhesives Market is segmented as follows:
By Technology
- films
- solvent-based
- reactive
- and others
By Types
- acrylic
- epoxy
- polyurethane
- silicone
- and others
By Applications
- construction
- electrical & electronics
- aerospace
- automotive
- marine
- and others
Global High Temperature Adhesives Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
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