Pune, Maharashtra Mar 4, 2019 (Issuewire.com) - Global High-Temperature Adhesives & Sealants Industry was valued at USD 2.84 Billion in the year 2017. Global High-Temperature Adhesives & Sealants Industry is further estimated to grow at a CAGR of 4.7 % from 2019 to reach USD4.09 Billion by the year 2025. The North America region holds the highest Industry share in 2017 and the Asia Pacific is considered as the fastest growing Industry in the forecasted period. At a country level, the US, China and the U.S. are projected to grow strongly in the coming years due to the increasing density of population and funding through Research and Development.
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Major market players in High-Temperature Adhesives & Sealants Industry are Dow Corning Corp., 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, and the brief overview of 10 companies is also provided in the report. 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.
The SWOT analysis of High-Temperature Adhesives & Sealants Industry:
Strength:
Increasing Automobile Production
Weakness:
Stringent Government Regulations and Standards
Opportunities:
Rising Demand from Emerging Economies
Threats:
Increasing competition
The Global High-Temperature Adhesives & Sealants Industry is segmented as By Chemistry, Application and Region. The high-temperature sealants Industry is segmented on the basis of Chemistry into silicone, epoxy and others. Silicone chemistry accounted for the largest share in the Industry. 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.
High-Temperature Adhesives & Sealants Industry Segmentation:
By Application
• Electrical & Electronics
• Transportation
• Industrial
• Construction
• Others
By Chemistry
• Silicone
• Epoxy
• Others
By Cycle Type
• Open Cycle
• Closed Cycle
By Region
• North America
o USA
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
• APAC
o China
o India
o Japan
o Rest of Asia-Pacific
• RoW
o Latin America
o Middle East & Africa
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