by Precedence Research a new report on high performance adhesives Market size, share, growth, industry trends, and forecast 2027, covering various industry elements and growth trends helpful for predicting the market’s future. The global high performance adhesives market size was valued at US$ 30.5 billion in 2019. The global high performance adhesives market is projected to reach US$ 40.5 billion by 2027, registering a compound annual growth rate (CAGR) of 6.32% during the forecast period from 2020 to 2027.
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Table of Contents
High Performance Adhesives market Growth Factors:
Intensifying government and private expenditure construction and in healthcare sector across the world has become critical factor triggering the growth of the high performance adhesives market. Technological progressions in high performance adhesives are projected to play a foremost role in amplifying the industry growth throughout the prediction period.
Since past couple of years, rapid development is being attained with the help of novel macromolecular chemistries, raw materials and additives. Further, accessibility of extremely sophisticated manufacturing equipment has permitted for custom bonding solutions that are sturdily out stripping conventional fastening and soldering solutions.
However, the outburst of COVID-19 across the world has directly obstructed the manufacturing sector, construction industry, and other sectors in the first quarter of 2020. Fluctuations in cost of essential raw materials can hamper the growth of market. Further, stringent environmental guidelines in European nations can work as a challenge for numerous European manufacturers.
Additionally, research institutions plus multiple 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.
The automotive sector is persistently striving to design efficient and lightweight vehiclesthat can decrease CO2 emissions suggestively. Severe protocols concerning CO2 releases are being obeyed globally. High-performance adhesives play an imperative part in plummeting CO2 discharges by offering the vehicle with structural strength.
High Performance Adhesives Market Report Scope
| Report Highlights | Details |
| Market Size | USD 40.5 Billion by 2027 |
| Growth Rate | CAGR of 6.32% from 2021 to 2027 |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base Year | 2021 |
| Forecast Period | 2021 to 2027 |
| Segments Covered | Technology, Product, End User, Region |
The global high performance adhesives market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2027. The report offers a detailed analysis and information as per high performance adhesives, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
high performance adhesives Market Report Highlights
- Asia Pacific conquered the global market and accounted for highest consumption by nations such as India, China, and Japan.
- Intensifying demand for packaging applications and packaged foods items in India is in turn heightening the need for high performance adhesives preferred in the packaging industry
- Growing healthcare spending in the emergent nations is projected to augment the requirement for the medical devices and associated accessories. This budding healthcare sector is in turn anticipated to trigger high performance adhesives market growth during years to come.
- Developing aged populace, 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
Regional Snapshots
Asia Pacific accounted for prominent stake of the market revenue in 2019 which was more than 40% of the total market. This dominance is credited to immense growth of the packaging, construction, and transportation sectors in this region. Economies including Vietnam, China, India and Indonesia perceive speedy economic growth. This in turn is reinforcing the demand for high performance adhesives across these economies for different application sectors. Furthermore, Asia Pacific has conveyed a comparatively stronger performance in landscape affected with the COVID-19 epidemic than North America and Europe.
Europe is anticipated to record sluggish progress due to market maturity for high-performance adhesives. Companies in established regions have aninadequate presence in budding markets of Latin America and Middle East and Africa. Reinforcement of distribution channels in these regions may assists these corporations enlarge their footmark in these potential market during the forthcoming years.
Read Also@ Powder Coating Market Size to Hit Around USD 20.1 billion by 2027
Some of the prominent players in the high performance adhesives market include:
- 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
High Performance Adhesives market Segmentation
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
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Key Questions are
- What are the key factors influencing the high performance adhesives market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2027?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Research Objectives and Research Approach
The comprehensive report on the global high performance adhesives market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products.
Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global high performance adhesives market. It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global high performance adhesives market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2027 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.
Why should you invest in this report?
If you are aiming to enter the global high performance adhesives market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for high performance adhesives are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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