Global High-Temperature Adhesive Market - 2022-2029
The global high-temperature adhesive market reached US$ XX million in 2021 and is growing at a CAGR of 5.1% during the forecast period 2022-2029.
High-temperature adhesives are complex, long-lasting and the product of choice for service temperatures above 100 degrees Celsius. The heat-resistant qualities of HT adhesives make them an excellent choice for transportation, technology, aerospace and energy applications. Polymer HT adhesives are also appropriate for use in space-bound satellites because they can perform at temperatures as high as 300 °C.
While HT adhesives can be challenging to design, they are critical in many industrial, commercial and manufacturing applications. HT adhesives are used in a wide range of electronic products, such as watches, phones, televisions and computers, with applications spanning from semiconductors, sensors and circuit boards to glass display panels. Automobiles, boats, motorcycles, lorries and, more lately, e-mobility all rely on HT adhesives. HT adhesives are widely used in the aerospace industry, where they are used on rockets, missiles, satellites, planes and drones. In the energy sector, HT adhesives are commonly used to bond the components of photovoltaic cells, which are a vital component of solar panels.
The global high-temperature adhesive market is driven by the need for products to operate at harsh temperatures.
Need for products to operate at a harsh temperature
High-temperature adhesives' high chemical crosslink density makes them suited for even the most demanding applications and environments. High-temperature adhesives can withstand chemical degradation from long-term exposure to environmental elements such as oxygen, heat, water, corrosive chemicals or moisture in the air and preserve their strength when subjected to harsh service temperatures. Because of their superior thermo-oxidative stability, high-temperature adhesives can endure these harsh environments when adequately developed and cured. The adhesives are highly resistant to chemical or hydrolysis attacks. High-temperature adhesives are incredibly versatile because of their ability to function as electrical conductors and insulators. When used in printed circuit boards, high-temperature adhesives can be designed to conduct electricity, enabling delicate and long-lasting interconnections.
Designers can ensure enough strength, durability and stiffness for each application by carefully customizing the HT adhesive's unique formulation. But other adhesive chemistries, such as silicones, UV curable systems and sodium silicate-based coatings, offer high-temperature resistance and highly desirable performance properties.
Strignent rules on VOC
According to the Building Research Institute studies, assembly adhesives are a source of VOC emissions, even when used in small areas. As a result, indoor adhesives must be tested for VOC emissions to determine their impact on indoor air quality. The restrictions exist because certain volatile organic compounds in some adhesive and sealant products react with nitrogen oxides in daylight to generate ozone, posing a health risk in the lower atmosphere by causing respiratory difficulties.
Air quality is the goal of rules governing adhesives and sealants. Because some volatile organic chemicals in adhesive products react with nitrogen oxides in the air in sunlight to generate ozone, which poses a health risk in the lower atmosphere by causing respiratory difficulties, these restrictions are in effect. The EPA finalized a rule mandating VOC limits for various consumer products, including adhesives and sealants.
COVID-19 Impact Analysis
COVID-19 has negatively impacted the global high-temperature adhesive market, which tends to be negatively impacted primarily due to price spikes and shortages of materials. The adhesives are widely utilized in automotive, oil & gas, aerospace & defense and others. The end-users losses have also impacted the demand for high-temperature adhesives.
In 2019, the automotive industry marked a decline of almost 5% in world auto production and ended 10 years of growth. The data shows a 16% decline in 2020 and has production to less than 78 million vehicles. The hike in raw materials has also impacted the sales of the adhesives. For instance, epoxy resins' cost of adhesives has soared 170% during the pandemic.
The global high-temperature adhesive market is segmented based on type, product, end-user and region.
Demand for capacitors that can dependably operate in high-temperature applications is boosting the sals of high-temperature adhesive
Based on end-user, the global high-temperature adhesive market is segmented into building & construction, electrical and electronics, automotive, medical devices and instruments, aerospace & defense and others.
High-temperature adhesives can easily gain additional properties ranging from one extreme to the other, such as thermal insulation or conductivity and electrical insulation or conductivity, by properly formulating them. The adhesives are essential for batteries, motors and other electrical components because they can endure severe temperatures and are either electrically conductive or insulative.
The microelectronic industry has seen dramatic demand for capacitors that can dependably operate in high-temperature applications, particularly for defense, aircraft, transportation oil & gas and chemical processing applications. Compared to their major competitors, solid tantalum capacitors have a variety of benefits over other types of capacitors. The operating temperature range for standard tantalum capacitors is generally -55°C to +125°C. Manufacturers are attempting to meet industry demands for 2,000 hours of continuous service at 425-450 degrees Fahrenheit.
Higher temperatures necessitate superior encapsulants, terminations and anode materials that can tolerate increasing thermal and mechanical strains while improving high-temperature electrical insulation and moisture and corrosion resistance. The companies offer several high-temperature resistant epoxy resin-based adhesives and sealants that have been exceptionally engineered to work at temperatures as high as 400°F (200°C). Even in hostile environments, the new materials encompass ambient temperature and heat curing compositions with excellent electrical insulation and dimensional stability.
Growing demand from end-users is expected to boost the market in Asia-Pacific
High-temperature adhesives are widely used in structural high-temperature space & aerospace applications to operate in extreme environments. The aerospace industry's growth will fuel the high-temperature adhesive market demand. For instance, China will be the world's largest country market for civil aircraft over the 20 years. China aimed to supply 10% of its commercial aircraft for the domestic market and its jetliners to account for up to 20% of the global market by 2025.
Moreover, adhesives are widely utilized in the electronics and automotive sectors. The governments have recently set various targets in the end-user sectors, which will propel the demand for the market. China's Ministry of Industry has released its vehicle sales targets for 2025. The country aims to hit 35 million vehicles by 2025, one-fifth of which new-energy cars. Moreover, India's Electronics and Information Technology has stated that its electronics production industry is poised to grow from US$ 72 billion to US$ 300 billion by 2025.
The companies are expanding their production facilities in the region to satisfy the need for high-temperature adhesives. For instance, in 2018, H.B. Fuller showcased its Lunamelt PS 4015 sealing adhesive at the Labelexpo India 2018. This hot melt adhesive will be manufactured in H.B. Fuller's Pune facility in India. Lunamelt PS 4015 is suited to the unique Indian conditions to deliver excellent adhesion to a wide range of substrates.
The global high-temperature adhesive market is moderately competitive due to the easy availability of raw materials. However, the companies manufacture high-temperature adhesives for numerous end-users and operating conditions. Major players in the market include Dow, Henkel Adhesives Technologies, Permabond LLC, 3M, AREMC., Cyberbond L.L.C., Bostik, Avery Dennison Corporation., PPG Industries, Inc., BASF SE and DuPont, among others.
The players in the market are known to incorporate numerous market strategies to achieve growth in the global high-temperature adhesive market; these include acquisitions, mergers, product launches, contributions and collaborations.
Overview: 3M is a multinational corporation operating in healthcare and consumer goods. The company offers more than 60,000 products used in schools, homes, businesses, hospitals and other industries. The company earns one-third of its sales from products invented within the past five years.
The company offers a wide range of product lines in the following industries: electronics, energy, automotive, health care commercial solutions, communications, consumer, design & construction, manufacturing and safety. The company has corporate operations in over 70 countries and sales in 200 countries. 3M operates almost 64 manufacturing facilities in 29 states of U.S. Also, the company operates 97 manufacturing and converting facilities in 35 countries.
3M Scotch-Weld Epoxy Adhesive 2214 Hi-Temp: The product provides high-temperature resistance, strength, and smooth bond lines. The aluminum-filled product is intended for use where higher strengths are needed between 180°F to 350°F, especially steel.
In April 2018, 3M announced that the company is breaking ground on expanding its Cordova manufacturing facility. The plant manufactures a wide variety of specialty adhesives and chemicals.
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Identify commercial opportunities in the global high-temperature adhesive market by analyzing trends and co-development.
Excel data sheet with numerous high-temperature adhesive market-level data points with four segments.
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