The high temperature adhesive market is anticipated to surpass US$ 4.0 billion in 2024 and is likely to attain a valuation of US$ 7.6 billion by 2034. The high temperature adhesive market size is projected to thrive at a CAGR of 6.7% from 2024 to 2034.
The electronics industry's constant evolution demands adhesive solutions that can withstand the high temperatures produced by modern electronics. High-temperature adhesives are essential to maintaining the dependability and durability of electronic goods, from producing semiconductors to assembling electronic components. Adhesives with greater heat resistance are in greater demand as consumer electronics become more potent and smaller. By forming strategic alliances with significant electronics suppliers and manufacturers, adhesive manufacturers that are positioned to provide innovative formulations meeting the changing demands of the electronics sector can benefit from this trend.
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The increasing use of microwave and high-frequency technology in communication devices has created an unusual demand for high-temperature adhesives for assembling high-frequency circuits. These adhesives make it possible to bind equipment parts such as high-frequency circuits, satellite communication systems, and radar systems.
High-temperature adhesives face new possibilities and shortcomings due to the growth of additive manufacturing and 3D printing. Adhesives that can adhere to and seal 3D-printed components are in greater demand as these technologies spread to the aerospace, automotive, and healthcare industries. This is especially true for components that can be exposed to high temperatures during the printing process or in the final application.
“Sustainability and the capacity to adjust to new technology are key factors influencing the continued expansion of the high temperature adhesive market. Personalization is still crucial, with businesses emphasizing customized solutions to satisfy various market needs. In this dynamic environment, creativity and compliance with laws are essential for success.” Says a Lead Analyst at Future Market Insights (FMI).
Key Takeaways from the High Temperature Adhesive Market Report
The global high temperature adhesive market size expanded at an 8.4% CAGR from 2019 to 2023.
The epoxy segment is predicted to rise at a 6.5% CAGR through 2034.
The electronic products segment is anticipated to develop at a 6.3% CAGR through 2034.
The market size in the United States is projected to rise at a 7.0% CAGR through 2034.
The market size in China is anticipated to develop at a 7.4% CAGR through 2034.
The market size in Japan is estimated to surge at an 8.2% CAGR through 2034.
The market size in South Korea is expected to increase at an 8.6% CAGR through 2034.
Competitive Landscape
The high temperature adhesive market is intensely competitive, with global powerhouses such as Henkel, 3M, Dow, and Sika dominating. Niche players, such as Master Bond and LORD, carve out separate positions with specific formulas. Regional dynamics, particularly in Asia, with participants such as South Korean corporations, add to the competitive intensity. Chemical companies such as Huntsman and PPG provide diverse portfolios. Collaboration and sustainability are essential strategic themes, with businesses concentrating on agility and innovation to remain competitive in this changing environment.
Recent Developments
In February 2024, Henkel launched two new medical-grade cyanoacrylate-based instant adhesives with improved safety and performance. The new products include no CMR (Carcinogenic, Mutagenic, or Reproductively Hazardous) substances and are designed to deliver increased strength during and after heat cycling.
In September 2023, DELO introduced the first dual-curing, high-temperature glue for electric motor applications. DELO DUALBOND HT2990 is designed for a range of applications, including magnet bonding and stacking in electric motor manufacturing.
High Temperature Adhesive Market Segmentation
By Type:
Epoxy
Silicone
Polyurethane
Acrylic
By Application:
Electronic Products
Automotive Industry
Aerospace
Ocean
Building
Other
By Region:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
Japan