Stratview Research has published a new report on the HIGH-PERFORMANCE ADHESIVES Market, segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, Military Aircraft, and General Aviation), by Fiber Type (Carbon Fiber Composites and Glass Fiber Composites), by Resin Type (Epoxy Composite and Other Composites). This report provides critical insights on the market dynamics and enables strategic decision making for the existing and new market players
The global high-performance adhesives market offers healthy growth opportunities in the entire ecosystem and is projected to grow at a healthy CAGR of 6.5% over the next five years.
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
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This report studies the HIGH-PERFORMANCE ADHESIVES market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
By Product Type
Based on the product type, the global high-performance adhesives market is segmented as Epoxy, Polyurethane, Acrylic, and Silicone. Epoxy is estimated to remain the most dominant product type in the high-performance adhesives market over the next five years, driven by its high compatibility with epoxy resin coupled with increasing usage of epoxy resins in the major end-use industries. An excellent temperature resistance and higher durability are the additional factors that further elevating the demand for epoxy in the high-performance adhesives market.
Based on the Regions, Asia-Pacific is expected to remain the largest and fastest-growing market for high-performance adhesives during the forecast period. High dominance and growth of high-performance adhesives in Asia-Pacific is mainly attributable to the increasing automobile production coupled with an increased acceptance of advanced materials; a gradual shift of E&E industry from the developed economies to the developing Asian economies; opening of commercial aircraft assembly plants in China, development of indigenous Asian aircraft, such as COMAC C919 and Mitsubishi MRJ.
Following are the key players in the HIGH-PERFORMANCE ADHESIVES Market:
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