Market Insights
The high-performance adhesives market is estimated to grow from USD 34 billion in 2022 to USD 41.4 billion by 2028 at a CAGR of 3.23% during the forecast period.
What is high-performance adhesive?
High-performance adhesive refers to a type of adhesive that offers superior bonding strength, durability, and performance compared to standard adhesives. These adhesives are designed to withstand extreme conditions such as high temperatures, moisture, chemicals, and heavy loads.
High-performance adhesives are typically used in demanding applications where a strong and long-lasting bond is required. They are commonly used in industries such as aerospace, automotive, construction, electronics, and manufacturing, where the bonding of materials is critical for safety, reliability, and efficiency.
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High-Performance Adhesives Market Report Overview
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Market Size in 2028
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USD 41.4 million
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Market Size in 2022
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USD 34 billion
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Market Growth (2023-2028)
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CAGR of 3.23%
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Base Year of Study
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2022
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Trend Period
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2017-2021
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Forecast Period
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2023-2028
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Key Players
The supply chain of this market comprises raw material suppliers, high-performance adhesive manufacturers, distributors, and end-users.
The key high-performance adhesive manufacturers are-
- Henkel AG & Co.
- The 3M Company.
- Bostik Sa
- H.B. Fuller Company
- Illinois Tool Works Inc.
- Avery Dennison Corporation
- Sika AG
- Royal Adhesives & Sealants, LLC.
New Applications development and regional expansion are major strategies the major players adopt to remain competitive in the market.
Market Dynamics
The market is driven by a host of factors, some of which are noted below:
- Organic growth of major end-use industries, such as transportation and aerospace & defense.
- Rising demand for miniaturization and automation in the electronic industry.
- Increasing usage of composite parts in the major markets; an advancement in technology; and higher properties, such as low cure time, higher temperature resistance, excellent adhesion, and higher chemical resistance.
Segments Analysis
By End-Use Industry Type
The global high-performance adhesives market is segmented based on the end-use industry as Transportation, Aerospace & Defense, Packaging, Electrical & Electronics, Construction, and Medical. Construction shares more than 40% in 2022. Medical segment CAGR of nearly 5% during the forecast period, driven by increasing usage of high-performance adhesives to bond multi-material substrates.
The light vehicles (LVs) segment is projected to be the growth engine of the high-performance adhesives market in the transportation industry. All the major automakers are increasingly adopting lightweight materials into their vehicles with the purpose to make the vehicle light in weight and improve aesthetics to address the stringent regulations, such as CAFÉ Standards. This is pushing the demand for multi-materials including aluminum and composites in the automotive industry.
Aerospace & Defense is projected to remain the fastest-growing segment of the high-performance adhesives market during the forecast period, propelled by increasing commercial and regional aircraft deliveries to support the rising passenger and cargo traffic and increasing production rates of the composites rich aircraft, such as B787 and A350XWB.
By Product Type
The global high-performance adhesives market is segmented as Epoxy, Polyurethane, Acrylic, and Silicone. Epoxy is estimated to remain the most dominant product type in the high-performance adhesives market over the next five years, driven by its high compatibility with epoxy resin coupled with increasing usage of epoxy resins in the major end-use industries. The excellent temperature resistance and higher durability are the additional factors that further elevate the demand for epoxy in the high-performance adhesives market.
Regional Insights
Asia-Pacific is expected to remain the largest and fastest-growing market with a market share of >40% in 2022. High dominance and growth of high-performance adhesives in Asia-Pacific are mainly attributable to the increasing automobile production coupled with an increased acceptance of advanced materials; a gradual shift of the E&E industry from the developed economies to the developing Asian economies; the opening of commercial aircraft assembly plants in China, development of indigenous Asian aircraft, such as COMAC C919 and Mitsubishi MRJ.
Segmentation
The market is segmented in the following ways:
By Product Type:
- Epoxy Adhesives
- Polyurethane Adhesives
- Acrylic Adhesives
- Silicone Adhesives
By End-Use Industry Type:
- Transportation
- Aerospace & Defense
- Packaging
- Electrical & Electronics
- Construction
- Medical
- Others
By Technology Type:
- Solvent-based Adhesives
- Water-based Adhesives
- Hot-Melt Adhesives
By Region:
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Latin America, The Middle East, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Research Methodology
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
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Key questions this report answers
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Relevant contents in the report
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How big is the sales opportunity?
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In-depth analysis of the High-Performance Adhesives Market
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How lucrative is the future?
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The market forecast and trend data and emerging trends
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Which regions offer the best sales opportunities?
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Global, regional and country-level historical data and forecasts
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Which are the most attractive market segments?
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Market segment analysis and Forecast
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Which are the top players and their market positioning?
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Competitive landscape analysis, Market share analysis
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How complex is the business environment?
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Porter’s five forces analysis, PEST analysis, Life cycle analysis
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What are the factors affecting the market?
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Drivers & challenges
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Will I get the information on my specific requirement?
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10% free customization
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Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Regional Segmentation
- Current market size (2016) of high-performance adhesives in any of the North American country by product type
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview research offers custom research services across the sectors. In the case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com
