High-Performance Adhesives Market - Global Industry Analysis

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High-performance adhesives are pressure-sensitive products with high shear and tack and low soak-in for long-lasting bonds. They can form good adhesion to a wide range of materials and is suited for a variety of assembly applications. High-performance adhesives have superior properties and attributes such as high elasticity, high-temperature resistance, high tensile strength, low curing time, high durability, and excellent moisture resistance. The high-performance adhesives are commonly used in significant and difficult applications in which enhanced functionality of adhesives is highly required. Leading manufacturers of adhesives as well as the organizations are making considerable investments in R&D to develop durable, cost-effective high-performance adhesives in order to improve their attributes and properties for critical and complex applications in industries such as transportation, medical, automobile, aerospace, and defense industry.  
   
High-performance adhesives are experiencing the highest growth rate in developed as well as developing countries. The increase in demand for high-performance adhesives in various end-use industries such as an automobile, transportation, and others is predicted to fuel the growth of the market. The technological advancements are expected to propel the market growth and development. Leading manufacturers and organizations are significantly making investments to develop cost-effective and durable adhesives which will be feasible to undergo any kind of complex and critical applications. According to the International Council on Clean Transportation, new car registration procedure in Europe had increased to 14.45 million in 2016. The peak growth was achieved by the sports vehicle utility segment in which about 3.6 million new cars were SUVs. Thus, the escalating demand for automation in the electronic sector due to the increasing usage of complex parts in automobiles is expected to boost the market. Such factors are contributing to the high-performance adhesives market growth over the forecast period.

Based on the type, the high-performance adhesives market is segmented into the epoxy, acrylic, polyurethane, silicon, and others. On the basis of technology, the market is segmented into solvent-based, water-based, hot-melt high, and others. On the basis of end-user, the market is segmented transportation, packaging, electronics, construction, medical, and others. 

The Asia Pacific is growing at the highest rate in the global high-performance adhesives market in 2017 and the region is projected to continue with its regional domination over the forecast period. The growth of this regional market is attributed to change in lifestyle followed by the increase in purchasing power of people in developing economies such as India, China, and Japan, which is fueling the demand for high-end products that utilize the high-performance adhesives. Such factors are anticipated to further drive industry growth in the region over the forecast period. North America is predicted to hold substantial revenue share for high-performance adhesives. The region is an automobile manufacturing hub. Thus, the rising demand for high-performance adhesives in automobiles is going to have a positive impact on the market growth and development. Such factors are expected to drive high-performance adhesives market growth over the forecast timeframe.  

Some of the industry players operating in the high-performance adhesives market include Henkel AG, Bostik, 3M, Avery Dennison, HB Fuller, Pidilite, Illinois Tool Works, Delo, Huntsman Corporation, Hernon Manufacturing, Inc., Royal Adhesives & Sealants, LLC, Ashland Inc., Permabond LLC., Hernon Manufacturing, Inc., and Sika.