High Temperature Adhesives Market Share

APAC Market Statistics

The high temperature adhesives market Asia Pacific, amongst the market in all the other regions, is projected to be the largest with a share of about 37% by the end of 2037. The growth of the market can be attributed majorly to the rising demand for consumer electronics along with increasing vehicular production. The growing adoption of high temperature adhesives in these sectors, and the increasing awareness about the properties of high temperature adhesives are some of the key factors driving the growth of the market in the region. A total of 22,933,230 vehicles were produced by the Indian automobile industry in April 2021 to March 2022, comprising passenger cars, commercial vehicles, three-wheelers, two-wheelers, and quadricycles. Furthermore, the total number of vehicles produced and sold in China in January 2023 was 1,594,000 units and 1,649,000 units, respectively. High temperature adhesives offer beneficial properties such as higher strength, better heat resistance and improved durability compared to traditional adhesives. This makes them ideal for use in vehicles and automobiles, where these properties are essential for ensuring the longevity and reliability of the vehicle.

North American Market Forecast

The North America high temperature adhesives market is estimated to be the second largest, registering a share of about 24% by the end of 2037. The growth of the market can be attributed majorly to the increasing demand for lightweight materials in the construction and transportation industries owing to the focus on reducing greenhouse gas emissions in region. This has increased the demand for high temperature adhesives which are capable of bonding lightweight materials. Additionally, the increasing focus on the development of smart cities in the region is expected to fuel the market growth over the forecast period. Smart cities have a number of components that require the use of high temperature adhesives, such as electronic components, sensors, and other building materials. As more cities invest in developing smart infrastructure, the demand for high temperature adhesives is expected to increase.

Europe Market Forecast

Further, the high temperature adhesives market in the Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The region has the highest demand for high temperature adhesives owing to the presence of advanced manufacturing technologies that require the use of high temperature adhesives. Furthermore, the region is home to some of the world's leading automotive and aerospace manufacturers that are increasingly looking for high temperature adhesives to meet their stringent requirements. These manufacturers require high temperature adhesives for applications such as bonding composites, metals, and plastics in extreme temperature conditions. The superior performance of these high temperature adhesives makes them ideal for the rigorous demands of these industries.