Global High Temperature Adhesives Market to experience hike in growth by 2024

High Temperature Adhesives Market
High Temperature Adhesives Market

Zion Market Research, the market research group announced the analysis report titled “High Temperature Adhesives Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024″

Global High Temperature Adhesives Market: Overview

High temperature adhesives act as bonding agents, which are used in applications where temperature requirement is 150°C and above. These adhesives are resistant to high temperatures and do not lose its tensile strength and bonding. The high temperature adhesives are capable to bond many substrates such as glass, plastics, rubbers, and metals. The various end-use industries where the high temperature adhesives are used include electronics & electrical, marine, automotive, and aerospace.

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Global High Temperature Adhesives Market: Growth Factors

High temperature adhesives are used in applications where the temperature is above 150°C. The industries where such applications are used include automotive, marine, electronics & electrical, and aerospace thus increasing the demand for the product in the global market. Development and advancement in the technology, emergence of innovative techniques, and development of the bio-raw materials are some of the major factors that are influencing the global market. High temperature adhesives are used to join substrates such as plastics, metal, rubbers, and glasses. They are speedily replacing traditional joining methods such as thermal joining and mechanical fastening. Developing automobile industry and increasing need for lightweight vehicles coupled with low carbon emissions and fuel efficiency fosters the market growth in the future. High temperature adhesives provide an alternative to the mechanical fastener in automotive and aerospace industries which is positively affecting the global high temperature adhesives market. Rising demand for adhesives from the emerging regions fuels the growth of the global high temperature adhesives market.

Global High Temperature Adhesives Market: Segmentation

The high temperature adhesives market is globally segmented based on the technology, types, and applications. The technology segment is classified into films, solvent-based, reactive, and others. The global market is fragmented based on types of acrylic, epoxy, polyurethane, silicone, and others. On the basis of applications, the global market is segregated into construction, electrical & electronics, aerospace, automotive, marine, and others. The electrical & electronics is the dominating application segment.

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Global High Temperature Adhesives Market: Regional Analysis

Asia Pacific is the leading region for high temperature adhesives that is anticipated to witness major growth in future. Factors responsible for market growth are population expansion, rising disposable income of the middle class, and increase in demand for new age fancy and reliable products. Demand for high temperature adhesives is expected to rise in the developing economies such as China and India in Asia Pacific region. Foreign investments in the automobile industries have increased tremendously owing to encouraging government policies in Thailand and Indonesia which anticipate fostering the global high temperature adhesives market growth. Europe is another lucrative market that is growing at a faster rate due to significant growth in the automobile industry. Germany, UK, and France are focusing on manufacturing lightweight vehicles which increase the demand for the temperature adhesives market. North America contributed significant growth in the aerospace industry in the US which in turn boosts the high temperature adhesives market.

Global High Temperature Adhesives Market: Competitive Players

Major players dominating the global high temperature adhesives market are Cotronics Corp., Dow Corning, Permabond LLC., Delo Industrial Adhesives, 3M Company, Three Bond Corp. Ltd., Master Bond Inc., and Henket.

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Global High Temperature Adhesives Market: Regional Segment Analysis

North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa

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