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High Temperature Adhesives & Sealants Market By Chemistry (Silicone, Epoxy), By Application (Electrical & Electronics, Transportation And Industrial) - -Global Opportunity Analysis and Industry Forecast, 2018-2023

08-14-2018 01:19 PM CET | IT, New Media & Software

Press release from: Genesis market insights

High Temperature Adhesives & Sealants Market

High Temperature Adhesives & Sealants Market

Global High Temperature Adhesives & Sealants Market was valued at USD 2.83 Billion in the year 2017. Global High Temperature Adhesives & Sealants Market is further estimated to grow at a CAGR of 4.69% from 2018 to reach USD 3.73 Billion by the year 2023. The North America region holds the highest market share in 2017 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At a country level, US, China and U.S. are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development.

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Dow Corning Corporation (US), Wacker Chemie AG (Germany),Henkel AG & Co. KGaA (Germany) are the key players in this market. Rising research and development expenses are catering to changing demand of end users. Similarly, growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

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Drivers:

• Increasing Automobile Production

Restraints:

• Stringent Government Regulations and Standards

Opportunities:

• Rising Demand from Emerging Economies

Challenges:

• Increasing competition

The Global High Temperature Adhesives & Sealants Market is segmented as By Chemistry, Application and Region. The high temperature sealants market is segmented on the basis of Chemistry into silicone, epoxy and others. Silicone chemistry accounted for the largest share in the market. The growth of the silicone based high temperature sealants segment is backed by the wide acceptance of silicone based products due to their extreme temperature & chemical resistance, and excellent electrical properties.

The Global High Temperature Sealants Market is further segregated on the basis of Application including electrical & electronics, transportation, industrial, construction, and others. Electrical & electronics is projected to be the largest as well as fastest-growing application of high temperature sealants. The electrical & electronics segment is projected to grow a moderate CAGR off XXX% due to the indispensability of electrical & electronics products in modern life, increasing disposable incomes of the middle class population, and the increasing usage of electrical components in automobiles. The transportation application is also projected to grow at a high rate due to the wide applications of high temperature sealants in the automobile and marine industries. High temperature sealants offer excellent temperature & chemical resistance and adhesion to a range of substrates.

Key Benefits for Stakeholders

• Manufacturers of High Temperature Sealants
• Manufacturers in End-Use Industries such as Electrical & Electronics, Transportation, Industrial, Construction, and Others
• Traders, Distributors, and Suppliers of High Temperature Sealants
• Regional Manufacturers’ Associations and General Sealants Associations
• Government and Regional Agencies and Research Organizations

By Chemistry

• Silicone
• Epoxy
• Others

By Application

• Electrical & Electronics
• Transportation
• Industrial
• Construction
• Others

By Region

• North America
• Europe
• Asia-Pacific
• RoW

Key Market Players

• Dow Corning Corporation
• Wacker Chemie AG
• Henkel AG & Co. KGaA
• Sika AG
• 3M Company
• Bostik SA
• H.B. Fuller
• PPG Industries, Inc.
• CSW Industrials, Inc.
• Illinois Tool Works Company

(A brief overview of 10 companies is also provided)

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About Us:

Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making.

Contact Us;

Genesis Market Insights (GMI)
902 Broadway, 6th Floor,
New York, NY 10010
(212) 634-4560
Mail us at: info@genesismarketinsights.com
Website: www.genesismarketinsights.com

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