High-performance adhesives are used in various markets and applications such as label and tape, medical packaging, building and construction, transportation, and others.

The global high-performance adhesives market is expected to register a significant growth during the forecast period, due to its superior properties and ability such as, it can bond to unique and difficult substrates, withstand harsh environment conditions, enhance overall product durability, and others.

Also, this market is expected to provide various growth opportunities to the whole ecosystem and hence projected to register a healthy growth in the coming years.

The high-performance adhesives market is segmented into epoxy, polyurethane, acrylic, silicone, and others. Of all types, epoxy type category dominated the market, due to its superior properties such as high strength, high toughness, non-rigid, good adhesives properties to substrate such as metals, ceramics, plastics, and others.

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The high-performance adhesives market is classified into transportation, aerospace and defense, packaging, electronics, construction, metal, and others. Transportation is the dominant end-user category in the market, driven by an increasing usage of these adhesives to bond multi-material substrates.

These adhesives are mainly used for tough bonds under stress. They are used for bonding rigid carrier material such as wood. Also, they are suitable for interior bonding applications such as textiles, PVC film, PVC foam film/carpets with carrier materials.

The major factors responsible for driving the high-performance adhesives market are the increasing demand of these adhesives in developing countries and advancement in medical device manufacturing.

Fluctuation in raw material prices and stringent regulatory policies are among the major challenges restricting the high-performance adhesives market growth. High crude oil prices are expected to affect the prices of raw materials of adhesives and sealants.

Asia-Pacific is expected to remain the largest and fastest growing region in the high-performance adhesives market, which is attributed to the increasing automobile production along with the rising adoption and increased acceptance of these advanced adhesives.

3M Company, Sika AG, H.B. Fuller, Huntsman International Inc., Avery Dennison Corporation, Pidilite Industries Limited, Ashland Inc., Henkel AG & Co. KGaA, Lord Corporation, Mapei Corporation, Illinois Tool Works Inc., Bostik, Hernon Manufacturing, Inc., and Hexcel Corporation are some of the key players operating in high-performance adhesives industry.

Source: VynZ Research