High-performance Adhesives Market by Type (Epoxy, Polyurethane, Acrylic, Silicone), End-use Industry (Transportation, Packaging, Electronics, Construction, Medical), Technology (Solvent-based, Water-based, Hot-melt) and Region - Global Forecast to 2022
“The high-performance adhesives market is projected to grow at a CAGR of 6.15% from 2017 to 2022”
The high-performance adhesives market is projected to grow from USD 9.77 billion in 2017 to USD 13.17 billion by 2022, at a CAGR of 6.15% between 2017 and 2022. The growing demand for superior adhesives in critical and complex applications from end-use industries, such as transportation, medical and construction, is expected to fuel the growth of the high-performance adhesives market, while stringent regulations by regulatory bodies are expected to restrain the manufacturing of solvent-based high-performance adhesives globally. For example, health organizations are regulating the use of chemical-based products in applications where human exposure to such chemicals can lead to serious health hazards.
“Medical is projected to be the fastest-growing application segment of the market during the forecast period”
The medical segment is expected to be the fastest-growing application segment of the high-performance adhesives market during the forecast period. The increasing aging population and advancements in medical device manufacturing will continue to fuel the use of UV curable and cyanoacrylic high-performance adhesives in medical devices, including IV delivery systems, catheters, syringes, hearing aids, and silicone rubber components, among others. Such developments and advancements are expected to propel the growth of the high-performance adhesives market.
“Rising demand from Asia Pacific is a key factor expected to drive the growth of the high-performance adhesives market”
The Asia Pacific region is the largest market for high-performance adhesives and is expected to witness the highest growth during the forecast period. High economic growth, growth in manufacturing industries, availability of cheap labor, growing end-use markets, and global shift of production facilities from developed markets to emerging markets are some of the key factors driving the high-performance adhesives market in Asia Pacific.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.
The break-up of the primary interviews is given below:
• By Company Type: Tier 1 – 27%, Tier 2 – 46%, and Others – 27%
• By Designation: C-level – 36%, Director-level – 28%, and Others – 36%
• By Region: Asia-Pacific – 46%, Europe – 27%, North America – 18%, South America-1%, and Middle East & Africa – 8%
Key companies profiled in this market research report include Henkel (Germany), 3M (U.S.), Bostik (France), H.B. Fuller (U.S.), Illinois Tool Works (U.S.), Avery Dennison (U.S.), Sika (Switzerland), and Pidilite Industries (India), among others.
The report covers the market for high-performance adhesives and its applications across different industry verticals and regions. It aims at estimating the market size and potential of the high-performance adhesives market across different formulating technologies, types, end-use industries, and regions. The report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.
Reasons to buy the Report
The report will help market leaders/new entrants by providing them the closest approximations of revenues in the high-performance adhesives market. This report will also help stakeholders better understand the market’s competitive landscape and gain insights to position their businesses and formulate market strategies. The report will also help stakeholders understand the pulse of the market, and acquire information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on high-performance adhesives offered by top market players
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the high-performance adhesives market
Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for high-performance adhesives across varied regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the high-performance adhesives market
Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the high-performance adhesives market