Global High-Performance Adhesive Market Current Analysis and Trends 2018-2024

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.

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Based on technology, the high-performance adhesives market is segmented into solvent-based, water-based, hot melts, and others. Solvent-based adhesives are most popular in the market and hence dominated the high-performance adhesives market.

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. The demand of these adhesives such as UV-curable and cyanoacrylic are increasing in medical device manufacturing which includes catheters, syringes, IV delivery systems, hearing aids, silicone rubber components, and others, resulting in market growth.

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. 

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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