High Performance Adhesives Market Size, Share, and Trends

High Performance Adhesives Market (By End-use: Electrical & electronics, Packaging, Medical, Transportation, Construction and Others; By Product: Polyurethane, Silicone, Epoxy, Acrylic, and Others; By Technology: Solvent based, Hot melt, Water based, Reactive & Others) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2023 - 2032

  • Last Updated : July 2023
  • Report Code : 1073
  • Category : Chemical and Material

The global high-performance adhesives market was valued at USD 33.86 billion in 2022 and is projected to hit over USD 54.38 billion by 2032 with registered a compound annual growth rate (CAGR) of around 4.9% during the forecast period 2023 to 2032.

High Performance Adhesives Market Size 2023 to 2032

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Key Takeaways

  • Asia Pacific led the market with the biggest market share in 2022.
  • By Product, the epoxy segment registered the maximum market share in 2022.
  • By Technology, the solvent-based segment has held a major revenue share in 2022.
  • By End-user, the medical segment is expected to expand at the fastest CAGR over the projected period.

High Performance Adhesives Market in the Asia Pacific 2023 To 2032

The Asia Pacific high-performance adhesives market size was valued at USD 14.90 billion in 2022 and is expected to reach USD 24.15 billion by 2032, poised to grow at a CAGR of 5% from 2023 to 2032.

Asia Pacific High Performance Adhesives Market Size 2023 to 2032

Globally, Asia Pacific appeared as leading and fastest-growing regional market for high-performance adhesives. Escalating application of high-performance adhesives in the construction, transportation, and medical sector is estimated to offer new appealing growth prospects to this market. Particular growth contributors of the market in this region include enormous economic growth, development in manufacturing activities, and accessibility of economical labor, budding end-use markets, and the worldwide shift of production services from established markets to evolving markets. Asia Pacific gathered prominent revenue share of the complete high-performance adhesives market on account of augmented infrastructural expansions, technological progressions and consumer responsiveness in this region. Further, research institutions plusmultiple manufacturers are undertaking different initiatives and offering huge funding to cultivate low-cost and long-lasting high-performance adhesives. They are also striving hard to advance the characteristics of high-performance adhesives for other end-use sectors.

High-performance adhesives North America is likely to take a foremost hit on account of COVID-19 epidemic in 2020. Nevertheless, steps undertaken by the federal government to release substantial amounts of fiscal stimulus including around USD 2 trillion packages is foreseen to deliberately reestablish the U.S. economy and substitute regional growth.

High Performance Adhesives Market Share, By Region, 2022 (%)

Growth Factors

Robust requirement form the medical and aerospace industries is considered to be a foremost driving factor for the high-performance adhesives market growth across the globe. High-performance adhesives deliver exceptional mechanical and physical properties which make them appropriate for different high-end applications in the medical and aerospace and sector. Medical and aerospace end-user sector are expected to record firmest compound annual growth rate throughout the assessment period.

Additionally, emergent aged population, likelihood of additional unusual infectious sickness epidemic such as COVID-19 and upsurge in cardiovascular illnesses on account of unhealthy lifestyle is anticipated to trigger sizable funding by international and government institutions in healthcare industry. All these factors are together augmenting the demand for high-performance adhesives across the world.

Report Scope of the High-Performance Adhesives Market

Report Highlights Details
Market Size by 2032 USD 54.38 Billion
Growth Rate from 2023 to 2032 CAGR of 4.9%
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered Technology, Product, End User, Region
Companies Mentioned 3M Company, Henkel AG & Co., Bostik SA, H.B. Fuller Company, Avery Dennison Corporation, Illinois Tool Works Inc., Royal Adhesives & Sealants, LLC and Sika AG

 

Product Insights

Global high-performance adhesives market has been bifurcated depending upon different products into silicone, epoxy, acrylic and polyurethane. Out of these, epoxy product type emerged as prevalent segment on account to of its widespread application compared with other segments. This product type is projected to endure its stronghold during the prediction period on account of great temperature resistance of epoxy adhesives and its compatibility with different substrates employed in a diversity of end-user sectors.

Technology Insights

Numerous kinds of formulation technology employed in the high-performance adhesives industry are water-based, UV-curable, solvent-based and hot melt. Among these technologies, solvent-based technology emerged as prevalent segment and accounted for prominent revenue stake of the market. However, this growth is declining gradually on account of hazardous impacts VOCs included by these solvent-based. On the other hand, the water-based technology segment is predictable to gain popularityat significant pace during years to come.

High performance adhesives based water-based technology offer outstanding adhesion to polar substrates and also deliver great resistance to extreme ecological circumstances. The main applications of this technology are construction and the packaging sectors among others.

End-user Insights

Plentiful end-use industries of high-performance adhesives include electrical & electronics, packaging, medical, transportation, construction and others. Out of these end-users, medical sector has emerged as fastest-growing application sector for the global high-performance adhesives market in the assessment period. The snowballing elderly population and progressions in medical devices will linger to trigger the application of cyanoacrylic and UV curable high-performance adhesives in different types of medical devices and accessories. This will comprise hearing aids, IV syringes, delivery systems, catheters, and silicone rubber components and others. Further, improvements and advancements in the medical sector are likely to reinforce the demand of the high-performance adhesives market in this sector during forthcoming years.

High Performance Adhesives Market Share, By End User, 2022 (%)

Adhesives apparently also show enormous latent for usage in the automotive industry for the purpose of car digitization. They can be utilized to insulate cameras and sensors, safeguard wiring components in vehicles and manage the temperature of processor. Further, high-performance adhesives find extensive application in footwear applications on account of their light weight and bond strength characteristics. The footwear application is conquered by thermoplastic polyurethane-based adhesives.

Key Companies & Market Share Insights

New-fangled applications improvement and regional growth are certain foremost approaches embraced by the chief companies to persist competitive in the industry. The supply chain of high performance adhesives market consists of adhesive manufacturers, raw material suppliers, and end-users and distribution channel participants.

Significant participants competing in the high performance adhesives market are as follows:

  • 3M
  • Sika AG
  • B. Fuller Company.
  • Bostik
  • Pidilite Industries Limited
  • Engineered Bonding Solution
  • Anabond
  • Huntsman International LLC.
  • Ashland
  • Henkel
  • Permabond LLC
  • Delo Industrial Adhesives, LLC
  • WEICON GmbH & Co.KG
  • Gougeon Brothers
  • Royal Adhesives & Sealants, LLC
  • Ashland Inc
  • Hernon Manufacturing

Segments Covered in the Report

This research study comprises comprehensive assessment of the marketplace revenue with the help of prevalent quantitative and qualitative acumens, and forecasts of the market. This report presents breakdown of market into major and niche segments. Furthermore, this research study gauges market revenue growth and its drift at global, regional, and country from 2020 to 2032. This report includes market division and its revenue assessment by categorizing it depending on technology, product, end-use and region as follows:

By Technology

  • Solvent based
  • Hot melt
  • Water based
  • Reactive & others

By Product

  • Polyurethane
  • Silicone
  • Epoxy
  • Acrylic
  • Others

By End-User

  • Electrical & electronics
  • Packaging
  • Medical
  • Transportation
  • Construction
  • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Middle East & Africa
  • Latin America

Frequently Asked Questions

As per Precedence Research, the global high performance adhesives market size is expected to reach over USD 54.38 billion by 2032.

The global high performance adhesives market is projected to grow at a CAGR of 4.9% during forecast period 2023 to 2032.

Robust requirement form the medical and aerospace industries is considered to be a foremost driving factor for the high-performance adhesives market growth across the globe.

Asia Pacific accounted for prominent stake of the market revenue in 2022 which was more than 40% of the total market.

The crucial high-performance adhesive companies contending in this marketplace are 3M Company, Henkel AG & Co., Bostik SA, H.B. Fuller Company, Avery Dennison Corporation, Illinois Tool Works Inc., Royal Adhesives & Sealants, LLC and Sika AG.

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global High Performance Adhesives Market, By Product

7.1. High Performance Adhesives Market, by Product Type, 2023-2032
7.1.1. Polyurethane
7.1.1.1. Market Revenue and Forecast (2020-2032)
7.1.2. Silicone
7.1.2.1. Market Revenue and Forecast (2020-2032)
7.1.3. Epoxy
7.1.3.1. Market Revenue and Forecast (2020-2032)
7.1.4. Acrylic
7.1.4.1. Market Revenue and Forecast (2020-2032)
7.1.5. Others
7.1.5.1. Market Revenue and Forecast (2020-2032)

Chapter 8. Global High Performance Adhesives Market, By End-User

8.1. High Performance Adhesives Market, by End-User, 2023-2032
8.1.1. Electrical & electronics
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Packaging
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Medical
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Transportation
8.1.4.1. Market Revenue and Forecast (2020-2032)
8.1.5. Construction
8.1.5.1. Market Revenue and Forecast (2020-2032)
8.1.6. Others
8.1.6.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global High Performance Adhesives Market, By Technology

9.1. High Performance Adhesives Market, by Technology, 2023-2032
9.1.1. Solvent based
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Hot melt
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Water based
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Reactive & Others
9.1.4.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global High Performance Adhesives Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2020-2032)
10.1.2. Market Revenue and Forecast, by End-User (2020-2032)
10.1.3. Market Revenue and Forecast, by Technology (2020-2032)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.1.4.2. Market Revenue and Forecast, by End-User (2020-2032)
10.1.4.3. Market Revenue and Forecast, by Technology (2020-2032)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2020-2032)
10.1.5.2. Market Revenue and Forecast, by End-User (2020-2032)
10.1.5.3. Market Revenue and Forecast, by Technology (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2020-2032)
10.2.2. Market Revenue and Forecast, by End-User (2020-2032)
10.2.3. Market Revenue and Forecast, by Technology (2020-2032)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.2.4.2. Market Revenue and Forecast, by End-User (2020-2032)
10.2.4.3. Market Revenue and Forecast, by Technology (2020-2032)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2020-2032)
10.2.5.2. Market Revenue and Forecast, by End-User (2020-2032)
10.2.5.3. Market Revenue and Forecast, by Technology (2020-2032)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2020-2032)
10.2.6.2. Market Revenue and Forecast, by End-User (2020-2032)
10.2.6.3. Market Revenue and Forecast, by Technology (2020-2032)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2020-2032)
10.2.7.2. Market Revenue and Forecast, by End-User (2020-2032)
10.2.7.3. Market Revenue and Forecast, by Technology (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2020-2032)
10.3.2. Market Revenue and Forecast, by End-User (2020-2032)
10.3.3. Market Revenue and Forecast, by Technology (2020-2032)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.3.4.2. Market Revenue and Forecast, by End-User (2020-2032)
10.3.4.3. Market Revenue and Forecast, by Technology (2020-2032)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2020-2032)
10.3.5.2. Market Revenue and Forecast, by End-User (2020-2032)
10.3.5.3. Market Revenue and Forecast, by Technology (2020-2032)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2020-2032)
10.3.6.2. Market Revenue and Forecast, by End-User (2020-2032)
10.3.6.3. Market Revenue and Forecast, by Technology (2020-2032)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2020-2032)
10.3.7.2. Market Revenue and Forecast, by End-User (2020-2032)
10.3.7.3. Market Revenue and Forecast, by Technology (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.4.2. Market Revenue and Forecast, by End-User (2020-2032)
10.4.3. Market Revenue and Forecast, by Technology (2020-2032)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.4.4.2. Market Revenue and Forecast, by End-User (2020-2032)
10.4.4.3. Market Revenue and Forecast, by Technology (2020-2032)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2020-2032)
10.4.5.2. Market Revenue and Forecast, by End-User (2020-2032)
10.4.5.3. Market Revenue and Forecast, by Technology (2020-2032)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2020-2032)
10.4.6.2. Market Revenue and Forecast, by End-User (2020-2032)
10.4.6.3. Market Revenue and Forecast, by Technology (2020-2032)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2020-2032)
10.4.7.2. Market Revenue and Forecast, by End-User (2020-2032)
10.4.7.3. Market Revenue and Forecast, by Technology (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2020-2032)
10.5.2. Market Revenue and Forecast, by End-User (2020-2032)
10.5.3. Market Revenue and Forecast, by Technology (2020-2032)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.5.4.2. Market Revenue and Forecast, by End-User (2020-2032)
10.5.4.3. Market Revenue and Forecast, by Technology (2020-2032)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2020-2032)
10.5.5.2. Market Revenue and Forecast, by End-User (2020-2032)
10.5.5.3. Market Revenue and Forecast, by Technology (2020-2032)

Chapter 11. Company Profiles

11.1. 3M
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Sika AG
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. B. Fuller Company.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Bostik
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Pidilite Industries Limited
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Engineered Bonding Solution
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Anabond
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Huntsman International LLC.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Ashland
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Henkel
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. Permabond LLC
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives
11.12. Delo Industrial Adhesives, LLC
11.12.1. Company Overview
11.12.2. Product Offerings
11.12.3. Financial Performance
11.12.4. Recent Initiatives
11.13. WEICON GmbH & Co.KG
11.13.1. Company Overview
11.13.2. Product Offerings
11.13.3. Financial Performance
11.13.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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