High-performance adhesives are bonding agents that exhibit the following characteristics: Adhesives that can be used in applications, where temperature fluctuations range from -66°C to 150°C, can withstand high temperature (200°C-300°C), and can maintain their mechanical properties and structural integrity at the intended service temperature Adhesives that have high tensile strength, ranging from 2,500 psi to 6,000 psi Adhesives that cure very rapidly, i.e. 1-2 seconds to 3-5 minutes in 10-20 gram masses at room temperature Adhesives that can withstand exposure to 90°F (32°C) and 90% relative humidity for 7 days High-performance adhesives offer excellent bonding strength and efficiency, while bonding multiple substrates together. High-performance adhesives have properties, such as quick curing, ease of use, and versatility. They are sunlight resistant, can withstand temperature fluctuations, and their bonds are not easily broken by water/humidity. ____________ 1. Micromarkets1 are defined as segments and sub-segments of the global high-performance adhesives market included in the report. 2. Core competencies2 of the companies are captured in terms of key developments and key strategies adopted by them to sustain their market positions.

The increasing demand for high-performance adhesives across various end-use industries is driving the global high-performance adhesives market. In terms of value, the global market size is estimated at USD 9.77 Billion in 2017 and is projected to reach USD 13.17 Billion by 2022, at a CAGR of 6.15% between 2017 and 2022. Asia-Pacific accounts for a major share of the overall high-performance adhesives market due to the increased technological & infrastructural developments and consumer awareness in the region. Research institutions along with various manufacturers are taking initiatives and making huge investments to develop durable low-cost high-performance adhesives, and to improve the properties of high-performance adhesives for end-use industries.

The medical segment is projected to be the fastest-growing end-use industry segment of the high-performance adhesives market during the forecast period. The increasing aging population and advancements in medical devices will continue to fuel the use of UV curable and cyanoacrylic high-performance adhesives in medical devices, including IV delivery systems, catheters, syringes, hearing aids, and silicone rubber components, among others. Such developments and advancements are expected to propel the growth of the high-performance adhesives market globally.

The epoxy segment of the high-performance adhesives market accounts for the largest share of the overall high-performance adhesives market due to its easy availability and wide acceptability in end-use industries. The solvent-based segment of the high-performance adhesives market is the largest formulating technology segment, in terms of both value and volume. The increasing demand for VOC-free adhesives has given rise to the use of water-based high-performance adhesives in mature markets such as North America and Europe.

Asia Pacific is the largest and fastest-growing market for high-performance adhesives. The increasing use of high-performance adhesives in the transportation, construction, and medical end-use industries is expected to provide new growth opportunities to the market. High economic growth, growth in manufacturing industries, availability of cheap labor, growing end-use markets, and the global shift of production facilities from developed markets to emerging markets are some of the key factors driving the high-performance adhesives market in Asia Pacific.

Environmental regulations in European countries is the main factor restraining growth in the high-performance adhesives market. In Europe, the high-performance adhesives market is heavily regulated with regards to health, safety and environmental protection, climate change, and energy issues. Key manufacturers of high-performance adhesives include Henkel (Germany), 3M (U.S.), Bostik (France), H.B. Fuller (U.S.), Illinois Tool Works (U.S.), Avery Dennison (U.S.), Sika (Switzerland), and Royal Adhesives & Sealants (U.S.).

Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.

Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.

Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.

Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.