A range of markets, including atmosphere and defense, automobile, recreational vehicle, bus, truck and trailer, rail, shipping, insulated glass, wind, solar, wind, electrics, assembly, filtering, printing, packaging, lamination, ceiling and flooring, are subject to the use of high-performance adhesive products. The continuous replacement of traditional bonding or adhesion methods has rendered it a key technical feature of numerous applications, especially for transport. They are suitable for applications needing high speed output, flexibility for bonding, wide gap filling, fast green stability and high retraction. The market has segmented high-performance adhesives into epoxy, silicone, polyurethane and acrylic. Based on the end user, construction, transport, packaging, electronics & electrical products, medical and other products are classified. The high-performance adhesives industry is split into water-based solvents and heat melting by technology.

Market Insights

Higher demand for electronics miniaturization and automation and growing demand for high-quality adhesives are the key factors that drive the growth of the industry. In the Electronics, Building and Automotive industries high-performance adhesives are widely used. Around 2017 53,550,000 cars were produced from more than 50 percent of the world's automotive manufacturing in the Asia-Pacific region. In the Asia-Pacific region in particular in China and emerging economies, such as India and ASEAN countries, the development of electronics is increasing rapidly. And so on the demand for high-performance adhesive products is growing strongly, especially in Asia Pacific, due to the rapid growth in the manufacturing industry globally. The main factors preventing market growth are however instability in raw material prices and stringent environmental regulations.

Globally, potential growth is most likely driven by increased spending in the health sector. In comparison to other industries , for instance, the healthcare and biotechnology sectors were extremely resistant to COVID-19 treatment. The global governments are expected to prepare extensively in the event of the next pandemic to prevent adverse lack of medical resources. The product demand is likely to increase with these preparations.

Asia Pacific has the worlds largest high-performance adhesives market with the largest market share. The large construction, packaging and transportation sector in the region can be attributed to the above. Economic development is fast, with economies such as China , India , Vietnam and Indonesia and the market for high-performance adhesives in the region is therefore increasing. In comparison to Europe and North America, Asia Pacific also attained a relatively stronger performance in the COVID-19 containment epidemic. The high-performance adhesive market in North America has grown significantly in 2019. The pandemic of coronavirus in 2020 is likely to be a major hit. However, the federal government is projected to slowly restore the US economy and encourage regional growth by unleashing huge amounts of fiscal stimulus, such as the USD 2.0 trillion packages. In 2019, Europe was the second largest high performance adhesive distribution area on the market. Sustainability of the environment in Europe is of great importance. For instance, builders and architects become more aware, because of their superior advantages over other scanners and flashing materials, of high performance building adhesive tapes. Europe is the world's second worst COVID-19 region, and is ready to see slow growth in 2020. The least drug penetrations are in the Middle East & Africa. Consequently, since the last few years the consumption of the product has seen fast growth. The rapid growth in the region of sub-Saharan Africa is an attractive opportunity in the region. For instance , in 2017, the urbanization rate in the African sub-Saharan region is estimated to be 3.6% faster than in any other region in the world.

Key Players

Major players included in this report are 3M Company, Bostik, H.B. Fuller Company, Henkel AG & Co. KGaA, Avery Dennison Corporation, Illinois Tool Works Inc., Dymax Corporation, Pidilite Industries Limited, Ashland Inc., DELO Industrie Klebstoffe GmbH & Co. KGaA, and other. The high-performance adhesives market, due to the presence of several key players and regional players in different parts of the world, is highly competitive and fragmented in nature. The latest trend shows strategic initiatives such as fusions and acquisitions by major manufacturers to expand their market proportion for high-performance adhesives. Henkel had the highest market share by 2019. As part of its high-performance adhesiveness business in Asia Pacific, for example , in September 2019, Sika AG accepted to purchase Crevo Hengzin.

The global high performance adhesives market is segmented as below:

Market Segmentation

High Performance Adhesives Market By Resin Type

Epoxy

Polyurethane

Acrylic

Silicone

High Performance Adhesives Market By Technology Type

Solvent-based

Water-based

Hot-melt

UV-curable

High Performance Adhesives Market By End-User Industry

Transportation

Electrical and Electronics

Construction

Medical

Aerospace & Defense

Packaging

Others

High Performance Adhesives Market By Geography

North America

• U.S
• Canada

Europe

• U.K
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa