Global High-Performance Adhesives Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The medical sector consumes high-performance adhesives in both skin applications and non-skin applications

The Global High Performance Adhesives Market is estimated to be USD 5.05 Bn in 2023 and is expected to reach USD 6.69 Bn by 2028 growing at a CAGR of 5.78%.

High-performance adhesives are designed to provide superior bonding strength and durability compared to standard adhesives. It provides various advantages such as high bonding strength, durability, resistance to chemicals and heat, and safer and longer-lasting option compared to other glues or coatings. They are used in various applications, including automotive, aerospace, construction, and electronics.

The main factors propelling the market growth are the increasing demand for high-performance adhesives due to rapid automation and miniaturization in the consumer electronics industry, the use of high-performance adhesives in products, such as touch screens and hardware, is expected to grow, fueling the market's expansion. The UV-cured adhesive is the most popular high-performance adhesive and is widely used in the electronics industry to increase production rates. The demand for these high-performance adhesives will also increase due to the robust growth of emerging economies like China and India. As a result of the rapid growth in the manufacturing industry across the globe, particularly in the Asia Pacific, the demand for high-performance adhesives is swiftly increasing. Furthermore, the medical and healthcare industry is growing, which is driving the demand for high-performance adhesives market, to be utilized in medical devices, tapes, drug delivery, and other Applications in the medical healthcare industry.

However, the changes in the cost of crude oil negatively affect the raw material prices, resulting in high product pricing. This is probable to hamper the market expansion over the future years. Furthermore, the industry is facing tough challenges due to the regulatory environment. Environmental protection organizations, like the U.S. Environmental Protection Agency, are taking new actions and putting more barriers and restrictions in the way of manufacturers. The automotive industry is constantly working to create efficient, lightweight vehicles that can significantly lower CO2 emissions. Around the world, CO2 emissions are subject to strict regulations. High-quality adhesives significantly reduce CO2 emissions by giving the vehicle structural strength. These factors negatively impacted market growth.

Market Segmentations

• The Global High-Performance Adhesives Market is segmented based on Type, Technology, End-Use, and Geography.
• By Type, the market is classified into Acrylic, Epoxy, Polyurethane, and Silicone.
• The epoxy segment is expected to grow at a CAGR during the forecast period. Due to epoxy adhesives' excellent temperature resistance and their compatibility with various substrates used in various end-user industries, this product type is anticipated to maintain its dominance during the prediction period.
• By Technology, the market is classified into Hot-Melt, Solvent-Based, UV-Curable, and Water-Based.
• The water-based segment is expected to grow with the highest CAGR during the forecast period. Water-based adhesives are either manufactured as dry powders that manufacturers and distributors must mix with water to obtain the adhesive properties or supplied as pre-mixed solutions. These characteristics are attained when either water is absorbed by the substrate or evaporated from the glue line. High-performance adhesives based on water-based technology provide excellent polar substrate adhesion and resistance to harsh environmental conditions.
• By End-Use, the market is classified into Aerospace & Defense, Construction, Electrical & Electronics, Medical, Packaging, and Transportation.
• The Medical segment is predicted to hold the largest market share in upcoming years, due to high-performance adhesives used in both skin Applications and non-skin Applications. As the aging population increases and the rising focus on sophisticated healthcare procedures, the demand for high-performance adhesives from the medical sector.
• By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.
• Asia-Pacific is anticipated to hold the largest market share and grow with the highest CAGR in upcoming years. This can be attributed to the vast construction, packaging, and transportation industry in the region. Economies like China, India, Vietnam, and Indonesia are witnessing rapid economic growth and therefore, there is a rising demand for High-Performance adhesives in the region. Furthermore, the increasing population in this region is consuming products such as food, beverages, and pharmaceuticals, which is increasing further fueling the demand for High-Performance Adhesives in this region.

Recent Development

• Mapei started the construction of its third manufacturing facility in Kosi, Mathura, to cater to the demand generated from Northern India.- July 2022
• Arkema acquired Permoseal, a company involved in adhesive solutions for DIY, packaging, and construction, and enhanced its presence in South Africa.- July 2022

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Arkema S.A., Bostik, Dymax Corp., Hexcel Corp., Permabond LLC, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxemburg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global High-Performance Adhesives Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global High-Performance Adhesives Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global High-Performance Adhesives Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
• Excel data sheet for the market size will also be provided with the report.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
• The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors
• The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights:

• A complete analysis of the market, including the parent industry
• Important market dynamics and trends
• Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
• Market segmentation
• Competitive Analysis: Comparative analysis of competitor
• Historical, current, and projected size of the market based on value and volume
• Market size of the US states
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market