Global high temperature adhesives market size is expected to reach over USD 4.5 billion by 2023 and is likely to witness gains with an estimated CAGR of over 4.55 from 2016 to 2023.
The electronics industry widely prefers these adhesives owing to reduce the cost and weight of the designed products by replacing mechanical fasteners. These products also have intrinsic thermal & conductive properties which make them preferable materials of choice in place of soldering. Epoxy adhesives are widely used in E&E industry owing to high glass transition temperature that helps and have excellent environmental durability.
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Growth of automobile industry coupled with need to reducing vehicle weight to increase fuel efficiency and curb carbon emissions is likely to drive market growth. Polyamides are widely preferred polymer type used in automobile industry owing to their properties to bear high temperature and pressure in load bearing & dynamic applications. These polyamides adhesives are used in thrust washers, lockout inserts, hydraulic components and seal rings. Growing importance of high performance plastics and ceramic parts is likely to favor high temperature adhesives industry growth over the next seven years.
Increasing application scope coupled with aerospace industry growth is likely to positively influence market growth. Adhesives used in aerospace applications are expected to operate in extreme environments. They are also likely to exhibit high-temperature capabilities for marinating the mechanical strength and structural integrity at intended service temperatures.
Europe is likely to witness moderate gains over the forecast period owing to growth of automobile industry. Countries in this region such as UK, France and Germany are focusing to develop low weight automobiles by using high performance based plastics to curb emission levels. These aforementioned factors are likely to support market growth over the forecast period.
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North America high temperature adhesives market is likely to witness steady growth rates over the forecast period. Growth of aerospace industry in the U.S. has led to the recognition of specific needs of high temperature adhesives. These include materials capable of withstanding temperature close to 500°C for several minutes during missile flight and adhesives able to endure temperatures of 250°C for several thousand hours on advance military aircraft.
This latest High Temperature Adhesives Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the High Temperature Adhesives industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report “High Temperature Adhesives Market Size, Potential, Industry Outlook, Regional Analysis, Application Development, Competitive Landscape & Forecast, 2016 – 2023.” in detail along with the table of contents:
Key Insights in this Report
- High Temperature Adhesives Market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key High Temperature Adhesives Market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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