Industry Overview
High-performance adhesives are used in various markets and applications such as label and tape, medical packaging, building and construction, transportation, and others. The global high-performance adhesives market is expected to register a significant growth during the forecast period, due to its superior properties and ability such as, it can bond to unique and difficult substrates, withstand harsh environment conditions, enhance overall product durability, and others. Also, this market is expected to provide various growth opportunities to the whole ecosystem and hence projected to register a healthy growth in the coming years.
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Insight by End-User
On the basis of end-user, the high-performance adhesives market is classified into transportation, aerospace and defense, packaging, electronics, construction, metal, and others. Transportation is the dominant end-user category in the market, driven by an increasing usage of these adhesives to bond multi-material substrates. The medical category is the fastest growing segment in the high-performance adhesives market, due to the increasing aging population, and advancement in medical devices.
Geographic Overview
Asia-Pacific is expected to remain the largest and fastest growing region in the high-performance adhesives market, which is attributed to the increasing automobile production along with the rising adoption and increased acceptance of these advanced adhesives. Along with that, the high economic growth, cheap labor availability, growth in manufacturing industry, shift in production sites/facilities from developed to developing countries are among the major factors contributing towards the region’s growth.
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Competitive Insight
3M Company, Sika AG, H.B. Fuller, Huntsman International Inc., Avery Dennison Corporation, Pidilite Industries Limited, Ashland Inc., Henkel AG & Co. KGaA, Lord Corporation, Mapei Corporation, Illinois Tool Works Inc., Bostik, Hernon Manufacturing, Inc., and Hexcel Corporation are some of the key players operating in high-performance adhesives industry.
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