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High-performance adhesives products are used in a variety of markets including aerospace and defense, automotive, recreational vehicle, bus, truck and trailer, rail, marine, insulated glass, solar, wind, assembly, electrical, electronics, filter, printing, packaging, laminating, roofing and flooring. It has become a key technology element of various applications especially in transportation due to the constantly replacing traditional bonding or adhesion methods.
These are ideal for applications that require high speed manufacturing, bonding versatility, large gap filling, fast green strength and minimal shrinkage. High-performance adhesives market has been segmented into epoxy, silicone, polyurethane, and acrylic. Based on the end user, the market is classified into construction, transportation, packaging, electronics & electrical, medical and others. By technology, the high performance adhesives market is segmented into water based, solvent based and hot melt.
Rising demand for miniaturization and automation in electronics industry and increase in demand for high performance adhesives are the major driving factors for the market growth. High performance adhesives are broadly used in electronics industry, construction sector and in automobiles manufacturing. 53,550,000 vehicles were produced approximately in 2017 from Asia Pacific region which is more than 50% automotive production in the world. Electronics production is increasing rapidly in Asia-Pacific region, particularly in China and emerging economies, like, India and ASEAN countries. Henceforth, the demand for high-performance adhesives is briskly rising due to the quick growth in manufacturing sector across globally especially in Asia Pacific.
However, Instability in raw material prices and stringent environmental regulations are the key factors hindering the growth of the market.
Segment Analysis:
Based on the end user, the market is classified into
• construction,
• transportation,
• packaging,
• electronics & electrical,
• medical
• others.
By technology, High Performance adhesives market is segmented into
• water based,
• solvent based
• hot melt.
By technology, High Performance adhesives market is segmented into
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