High Temperature Adhesives as an Alternative to Mechanical Fasteners
Posted by RahulS on September 9th, 2019
The report "High Temperature Resin Market by Type (Epoxy, Silicone, Acrylic, Polyester, Polyethersulfone, Alkyd, Polyurethane, Phenolic, Polyetheramide), Application (Adhesives & Sealants, Paints & Coatings, Composites), and Region - Global Forecast to 2026".
The Global High Temperature Resin Market is estimated to be valued at USD 3.16 Billion in 2016, and is projected to reach USD 4.88 Billion by 2026, at a CAGR of 4.44% from 2016 to 2026.
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The key players in this market are Solvay S.A. (Belgium), Huntsman Corporation (U.S.), E. I. du Pont de Nemours and Company (U.S.), Hexion Inc. (U.S.), Mitsui Chemicals Inc. (Japan), DIC Corporation (Japan), Henkel AG & Co., KGaA (Germany), Dow Corning Corporation (U.S.), Wacker Chemie AG (Germany), Royal Tencate N.V. (Netherlands), and BASF SE (Germany).
High temperature resins are those resins which perform normally at temperatures higher than 150˚C. These resins are used in end-use industries where high mechanical performance is required.
These include automotive & transportation, aerospace & defense, electrical & electronics, industrial, marine, and building & construction. High temperature resins are used in these industries in the form of adhesives & sealants, paints & coatings, and composites.
The market for the high temperature epoxy resins was the largest in terms of volume in 2015. High temperature epoxy resins are widely used for protective coatings due to the superior properties, such as high adhesion, impact resistance, flexibility, chemical and solvent resistance, and others.
High temperature epoxy resins offer a unique combination of adhesion, chemical resistance, and physical properties that provide high protection against severe corrosive environments. They are extensively used in industrial applications such as refineries, chemical plants, and marine equipment, such as, offshore drilling platforms, and merchant ships.
The Asia-Pacific region is expected to grow at the fastest rate in the global high temperature resin market, in terms of value and volume, from 2016 to 2021. The increasing demand from emerging economies, such as China and India, and the increased sales of high-end vehicles, and electrical & electronics appliances, are expected to drive the growth of the Asia-Pacific high temperature resin market.
China, India, and Thailand are major hubs of automotive production, which require the use of the high temperature resin in the manufacture of adhesives for these applications.
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Currently, China is the world’s largest consumer of the high temperature resin in terms of volume with many leading players investing in the country to establish new manufacturing facilities. The growth of the high temperature resins market in China is driven by foreign investments, cost-effective labor, and the availability of inexpensive raw material.
The electronics industry is the largest in the country with double digit growth, annually. Due to the high exports and trade agreements, China’s marine industry is growing at a high rate, which is also a key end-user industry of the high temperature adhesive resin.
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