Market Size of High Temperature Adhesives and Sealants Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
High Temperature Adhesives & Sealants Market Analysis
The high temperature adhesives and sealants market is expected to register a CAGR of more than 6% during the forecast period. One of the major factors driving the growth of the market studied is the increasing demand from various end-user industries. On the flip side, stringent environmental regulations regarding VOC emissions serves as one of the stumbling blocks in the growth of the market studied.
- The eletrical and electronics segment dominated the market and is likely to grow during the forecast period.
- Asia-Pacific dominated the market across the world, with robust demand from the end-user industries, such as electronics, automotive, aerospace, and construction industry.
High Temperature Adhesives & Sealants Industry Segmentation
The high temperature adhesives and sealants market report includes:
Adhesive Resin Type | |
Epoxy | |
Silicone | |
Polyurethane | |
Acrylic | |
Other Resin Types |
Sealant Product Type | |
Silicone | |
Polyurethane | |
Acrylic | |
Polyvinyl Acetate | |
Other Product Types |
End-user Industry | |
Electrical and Electronics | |
Building and Construction | |
Automotive | |
Medical Devices and Instruments | |
Aerospace and Defense | |
Other End-user Industries |
Geography | ||||||||
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High Temperature Adhesives and Sealants Market Size Summary
The high temperature adhesives and sealants market is poised for significant growth, driven by increasing demand from diverse end-user industries such as electronics, automotive, aerospace, and construction. The electrical and electronics sector, in particular, is a major consumer, utilizing these adhesives and sealants for applications like solder replacement and semiconductor bonding due to the high operational temperatures of devices. The Asia-Pacific region, led by China, India, Japan, and South Korea, dominates the global market, benefiting from robust demand in electronics manufacturing and a growing middle-class population with rising disposable incomes. However, the market faces challenges from stringent environmental regulations on VOC emissions and potential supply chain disruptions, as seen during the COVID-19 pandemic, which temporarily affected production in key manufacturing hubs like China.
The market landscape is partially consolidated, with major players such as 3M, Bostik, FortaFix, AVERY DENNISON CORPORATION, and PPG Industries holding significant market shares. The Chinese market, in particular, is expected to experience rapid growth due to its status as the largest electronics production base and its ambitious aerospace and automotive industry plans. Initiatives like 'Made in China 2025' aim to boost domestic production of commercial aircraft, further driving demand for high temperature adhesives and sealants. Despite past slowdowns in the automotive sector, the overall expansion of industries in China is anticipated to propel market growth, although economic fluctuations and the lingering effects of the pandemic may pose short-term challenges.
High Temperature Adhesives and Sealants Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand from various End-user Industries
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Stringent Environmental Regulations Regarding VOC Emissions
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1.2.2 Impact of COVID-19 Pandemic
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1.3 Industry Value-chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Adhesive Resin Type
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2.1.1 Epoxy
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2.1.2 Silicone
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2.1.3 Polyurethane
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2.1.4 Acrylic
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2.1.5 Other Resin Types
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2.2 Sealant Product Type
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2.2.1 Silicone
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2.2.2 Polyurethane
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2.2.3 Acrylic
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2.2.4 Polyvinyl Acetate
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2.2.5 Other Product Types
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2.3 End-user Industry
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2.3.1 Electrical and Electronics
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2.3.2 Building and Construction
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2.3.3 Automotive
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2.3.4 Medical Devices and Instruments
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2.3.5 Aerospace and Defense
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2.3.6 Other End-user Industries
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 ASEAN Countries
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2.4.1.6 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 Italy
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2.4.3.4 France
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2.4.3.5 Spain
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2.4.3.6 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle-East and Africa
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High Temperature Adhesives and Sealants Market Size FAQs
What is the current High Temperature Adhesives and Sealants Market size?
The High Temperature Adhesives and Sealants Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in High Temperature Adhesives and Sealants Market?
3M, Bostik, an Arkema company, FortaFix (Minkon Ltd), AVERY DENNISON CORPORATION and PPG Industries, Inc. are the major companies operating in the High Temperature Adhesives and Sealants Market.