High Performance Adhesives Market By Type, By Geography — Global Industry Analysis, Growth, Share, Size, Trends, And Forecast 2019–2026

Global High-performance Adhesives Market is valued to reach USD 12.5 billion by 2022, growing at CAGR of 5.8% over forecast period 2020–2026. Key factors driving the market include increased temperature resistance, improved resistance to chemicals and rising shift from traditional solvent-based adhesives to high-performance products.

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Adhesives strengthens the joint between two or multiple elements based on their applications. For instance, adhesives can be classified based on their chemistries and form, such as structural adhesives and pressure sensitive adhesives. Structural adhesives infer to a wide variety of strong adhesives with common examples such as cyanoacrylates, epoxies and acrylic adhesives. Pressure sensitive adhesives are elastomers that deform under small pressures allowing them to wet surfaces. These are employed for engineering applications with a glue gun used by consumers. Adhesives are available in different forms as well. For example, in structural applications, adhesives are available in pastes, liquids, supported films and others. Thermosetting structural adhesives are available in dual forms that are carefully blended for desired applications.

From the commercial standpoint, high performance adhesives are used for aerospace, appliances, industrial, electronics, automotive, consumer electronics and many more. Major advantages such as high shearing, good shock absorption and great fatigue strength and many others are highly evident. While the disadvantages are heat and fixtures at a specific temperature is needed to locate components, need for special storage conditions and surfaces will be generally needed for cleaning and degreasing purpose.

The prime use of adhesives offers enhanced speed, results in a better selection on materials, enables ample time and design for manufacture and also results in enhanced production sequences as adhesives and sealants function by the property of adhesion. On contrary, the bond failure leads to failure of adhesive and adhered. Cohesive failure of adhesive takes place when shear fracture within the adhesive material enables a layer adhesive to the substrate.

High Performance Adhesives Market Trends, Drivers and Opportunities:

The market is significantly driven by growing importance of adhesives and sealants and the resulting quality of the joint material. Industrial selection of right process and materials for chemical substrate also stands important for market growth. Emphasis on end-use by the manufacturers is anticipated to create lucrative opportunities in the forecast time span. Increasing scope of adhesive practices for aerospace coatings, vehicle industry and commercial market is widening. Shift is consumer trends is highly evident as the market is subject to witness flexible pricing trends, and rise in demand for adhesion for end-use industries. Demand for pressure sensitive adhesives is gaining traction in the forecast period as their industrial importance is growing. However, lack of awareness pertaining to the benefits of adhesion and sealants is likely to disturb the market growth. In addition, occurrence of debonding phase is quite possible to occur within industrial processes that result into cohesive fracture and interfacial fracture.