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High Temperature Adhesives Market to depict appreciable growth prospects over 2019-2025

Author : Rahul Varpe | Published Date : 2019-06-27 

Global High Temperature Adhesives Market Report provides complete industry analysis, market outlook, size, growth, opportunities and forecast 2025. This report will assist in analyzing the current and future business trends, sales and revenue forecast. It provides top manufacturers information along with Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and growth.

Global high temperature adhesives market size is expected to reach over USD 4.5 billion by 2023 and is likely to witness gains with an estimated CAGR of over 4.55 from 2016 to 2023.

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E&E industry is the major end-use segment for the high temperature adhesives market. Global Electronic adhesives market demand was estimated at 1.1 million tons in 2014 and is likely to grow with an estimated CAGR of over 10.5% up to 2023. Revenue was estimated at USD 3.28 billion in 2014 and is likely to exceed USD 7.5 billion by 2023.

Increasing bonding agents demand for applications above 150°C in end-use industries such as marine, electronics & electrical (E&E), aerospace and automotive is likely to drive market over the next seven years. These adhesives are widely preferred to join substrates such as metal, glass, rubbers & plastics and replace traditional joining methods such as mechanical fastening and thermal joining.

These adhesives are classified on the basis of polymer such as epoxy, polyurethane, polyamide and silicone. These products are used in different industrial applications based on the operative temperature, cost and durability. Silicone and high temperature epoxy adhesives are major polymers preferred in the E&E industry owing to increase in manufacturing demand for printed electronic circuit and electronic chips.

Reasons to Buy This Report:

1. High Temperature Adhesives Market size & share forecast by product & application 2019-2025

2. Growth drivers, pitfalls & industry challenges

3. Key High Temperature Adhesives Market growth opportunities & emerging business models

4. Competitive benchmarking with market share analysis and company profiles

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Asia Pacific high temperature adhesives market was the dominant region over the past few years and is likely to witness highest gains over the forecast period. Countries such as China and India are likely to witness an increase in consumer electronics demand owing to growth in per-capita middle class disposable income levels coupled with population expansion. Thailand and Indonesia are likely to witness an increase in foreign investment in automobile sector owing to favorable government policies supporting tax incentives which could increase the consumption.

Europe is likely to witness moderate gains over the forecast period owing to growth of automobile industry. Countries in this region such as UK, France and Germany are focusing to develop low weight automobiles by using high performance based plastics to curb emission levels. These aforementioned factors are likely to support market growth over the forecast period.

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North America high temperature adhesives market is likely to witness steady growth rates over the forecast period. Growth of aerospace industry in the U.S. has led to the recognition of specific needs of high temperature adhesives. These include materials capable of withstanding temperature close to 500°C for several minutes during missile flight and adhesives able to endure temperatures of 250°C for several thousand hours on advance military aircraft.

The global high temperature adhesives market share is fragmented with top companies competing with each other on the basis of prices coupled with product innovation to meet customer requirements. Key companies operating in this market include Dow Corning, 3M Company, Master Bond Inc. and Henket.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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