The research report, "High Temperature Adhesives Marketby Polymer Type (Epoxy, Silicone, Polyurethane, Acrylic), Technology (Solvent based, Reactive, Film, and Hot Melt), Applications, and Region - Global Trends and Forecasts to 2019", The High Temperature Adhesives Market size in terms of value is projected to grow at a CAGR of 4.6% to reach $4.02 Billion by 2019.
It also identifies the driving and restraining factors for the high temperature adhesives market with an analysis of trends, opportunities, burning issues, and winning imperatives. The market is segmented and the volume & value have been forecasted on the basis of major regions such as North America, Asia-Pacific, Europe, and Rest of the World (RoW). Further, the market is segmented and values are forecasted on the basis of major applications of the high temperature adhesives used in various industries such as electrical & electronics, aerospace & defense, automotive, marine, construction, and others.
Electrical & Electronics - major market for high temperature adhesives
The high temperature adhesives market is segmented into five types: epoxy, silicone, polyurethane, acrylic and others. These high temperature adhesives have application specific demands that are differentiated by operating temperature range, cost, and durability. Epoxy and silicone are the major types of high temperature adhesives and are widely used in electrical & electronics. It is expected that the use of major epoxy and silicone based high temperature adhesives are continues to increase in printed circuit board and electronic chips in near future. The electrical & electronics industry also prefers to use high temperature adhesives to replace the mechanical fasteners to reduce the weight and cost of the designed products. Hence electrical & electronics industry occupies major share in global high temperature adhesives market.
Global high temperature adhesives market to reach $4,016 million by 2019
The market for high temperature adhesives in terms of value is expected to reach $4,016 million by 2019, growing at a significant CAGR from 2014 to 2019. The Asia-Pacific region dominated the high temperature adhesives market in terms of values in 2013 and it is expected to grow at a higher CAGR, from 2014 to 2019. Growing industrialization and increasing automotive and aerospace industry in Asia-Pacific region helped it to dominate the global market. The electrical & electronics market in Eastern Asian market, driving the high temperature adhesives application market and occupied highest share in which Japan is the major country.
Europe & Asia-Pacific accounted for more than 65% share in the high temperature adhesives market in terms of value in 2013
Asia-Pacific is the prime consumer of high temperature adhesives globally followed by Europe. Europe and Asia-Pacific together accounted for more than 65% of the high temperature adhesives in terms of value in 2013. Asia-Pacific is expected to grow at a highest CAGR and secure its leading market position by 2019, with developing new application areas in electrical & electronics market. In Europe the use of high temperature adhesives continues to increase in automotive industries to replace the mechanical fasteners that reduces the weight of vehicles and increases the mileage, hence it will secure its second market position by 2019.
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