High Temperature Adhesives and Sealants Market Size (2023 – 2030)

The Global High-Temperature Adhesives and Sealants Market was estimated to be worth USD 6.74 billion in 2022 and is projected to reach a value of USD 10.91 billion by 2030, growing at a CAGR of 6.2% during the forecast period 2023-2030.

A compound called a high-temperature sealant is used to stop fluids from passing through joints or surfaces in materials. It is used for emergency on-the-spot repairs on a range of metal surfaces, including tin, iron, steel, and aluminum. The product also features capabilities for solvent resistance, adaptability, toughness, modulus compositions, and tear resistance. Due to these advantages, it is frequently used as an alternative to adhesives in the industrial sector. Additional uses for the items include the installation of ceramic flue liners, high-temperature plasterboards, fire prevention apparatus, construction, and joint vermiculite.

Key Market Insights:

Due to growing demand from industries including the automotive and electrical industries, China has experienced a substantial expansion in the high-temperature adhesives and sealants market.  High-temperature adhesives and sealants market growth is mostly due to properties like lightweight, strong adhesion, durability, and temperature resistance. Because they have little to no environmental effect compared to conventional adhesives, high-temperature silicone adhesives and sealants are growing in popularity.

The market will continue to rise as a result of rising product demand from a variety of sectors, including the construction, automotive, and electronics industries. High-temperature sealants are a favored option in these industries because of their qualities including great bond strength, high durability, and temperature resistance. The usage of high-temperature sealants will increase due to the increased demand for electronic goods and the booming automotive sector. These elements will thus support market expansion throughout the course of the projected period.

Global High-Temperature Adhesives and Sealants Market Drivers:

The market for high-temperature adhesives and sealants may experience rapid expansion due to rising demand in several end-use industries:

The market for high-temperature adhesives and sealants is expanding due to rising demand in the automotive and electrical appliance industries. In industrial sectors, high-temperature adhesives and sealants are used to dress or create gaskets, making the seams sturdy and leak-proof. Their capacity to stick to nearly all metal and non-metal surfaces, including glass, aluminum, plastics, iron, etc., is anticipated to support the expansion of their market.

High-Temperature Adhesives and Sealants Market Growth is Predicted to Be Driven by Medical Industry Growth:

Over the past few decades, the global healthcare industry has experienced substantial growth. All related sectors have prospered as a result, including the medical adhesives industry. Medical adhesives come in a wide variety of alternatives and uses, from silicones and epoxies to acrylic-based adhesives. Medical adhesives have flourished alongside the development of new medical procedures and technology, finding their way into the designs of a variety of medical devices. Due to their wide range of applications, medical adhesives are now utilized to successfully assemble components from materials that were previously challenging to bind. The COVID-19 epidemic has brought attention to the value of a strong healthcare system. People are becoming more informed and cognizant of the healthcare services they get on a global scale. During the projected period, it is predicted that the healthcare sector will increase, especially in emerging economies like China and India where the market is untapped and has tremendous growth potential. The medical adhesive market will profit from and be fueled by the rising global healthcare sector.

Global High-Temperature Adhesives and Sealants Market Challenges:

The High-Temperature Adhesives and Sealants Market may have growth challenges due to fluctuating raw material prices:

Although silicone-based adhesives and sealants are more expensive than acrylic and epoxy-based sealants, high-temperature silicone sealants are widely utilized and have many applications in end-use industries. For instance, Momentive raised the price of some silicone sealants in February as a result of rising raw materials, energy, and other expenses. The market for high-temperature adhesives and sealants is constrained in its expansion by the fluctuation in silicone costs.

Global High-Temperature Adhesives and Sealants Market Opportunities:

Expansion opportunities include the rising need for high-temperature sealants in the automobile industry:

Because they work well to bind items like thermostat housing, valve covers, and fuel pumps in a hot engine, high-temperature sealants are widely utilized in vehicles. The automobile sector is anticipated to expand globally to less than nine trillion CJS dollars by 2030, according to the industrial analysis. About 38% of this value will come from sales of new cars. As a result, the market for high-temperature sealants will benefit from the expansion of the automobile industry. Additionally, the development of sealants with adhesive qualities and the rising demand for high-temperature sealants from developing countries will provide several brand-new growth prospects for the market throughout the course of the projected year.

GLOBAL HIGH-TEMPERATURE ADHESIVES AND SEALANTS MARKET REPORT COVERAGE:

Global High-Temperature Adhesives and Sealants Market Segmentation: By Adhesive Resin Type

• Epoxy

• Silicone

• Polyurethane

• Acrylic

• Other Resin Types

The market for high-temperature adhesives and sealants has the biggest resin-based share of more than 30% in the silicon sector. High-temperature silicone sealants are resistant to aging, abrasion, and solvents and can withstand extremely high temperatures. High-rise building and bridge joints are frequently sealed with high-temperature silicone sealants. High-temperature epoxy glue and sealants have had remarkable expansion after silicon.  Because they provide high structural integrity, epoxy sealants are widely employed in the automotive, aerospace, and marine sectors.

Global High-Temperature Adhesives and Sealants Market Segmentation: By Sealant Product Type

• Silicone

• Polyurethane

• Acrylic

• Polyvinyl Acetate

• Other Product Types

Since silicone sealant is the most often used sealer, it commands a 32% market share. As they provide benefits including flexibility, temperature resistance, water resistance, oil & and chemical resistance, superior binding characteristics, and inertness, these sealants are essential parts of hundreds of products. The building and construction industry is where silicone sealant is mostly used, and demand is anticipated to rise throughout the forecast period as a result of global infrastructure advancements.

In the global market, the polyurethane sealant sector dominates. Silicone and polyurethane sealants are two examples of elastomeric material types that are used to close gaps and keep water and air out. Despite these similarities, they differ chemically, have a varied lifetime, are more expensive, and are used for various purposes. Due to its characteristics, such as rapid drying and moisture resistance, polyurethane sealant is employed in sectors including building & and construction and automotive.

Global High-Temperature Adhesives and Sealants Market Segmentation: By End-user Industry

• Electrical and Electronics

• Building and Construction

• Automotive

• Medical Devices and Instruments

• Aerospace and Defense

• Other End-user Industries

The market for high-temperature adhesives and sealants is dominated by the electrical and electronics industry, which accounts for over 30% of total sales. Due to their capacity to carry electricity, retain bondage at high temperatures, and absorb shocks and vibrations, high-temperature sealants are used in the electrical sector to link electrical components. The automobile sector has experienced tremendous expansion in addition to the electrical sector. High-temperature adhesives and sealants are used to link pieces instead of welding or soldering since the weight of the vehicle has a significant impact on the engine's efficiency in the automotive industry.

The market for sealants is led by the building and construction sector. This market is expanding and consistently reporting significant revenue increases. As a consequence, there is a growing need for construction materials, which raises the demand for sealants and, in turn, propels market expansion. Sealants are used in a variety of places, including flooring, glazing, walls, ceilings, and windows; as a result, the market will rise as the building and construction sector develops.

Global High-Temperature Adhesives and Sealants Market Segmentation: By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle East and Africa

With a share of more than 35%, APAC led the high-temperature adhesives and sealants market, which was then headed by North America and Europe. Increased demand for autos and technological devices as a result of rising disposable income and population expansion has fueled the development of high-temperature adhesives and sealants. High-temperature sealants are utilized in a variety of engine, radiator, battery, and gearbox component applications in addition to joining plastics. The market for high-temperature adhesives and sealants is also expanding quickly due to rising industrialization and urbanization.

The electrical and electronics industry's growing use of silicone-based high-temperature sealants will support market expansion in North America, where the US and Canada are the two largest nations. The rise in Europe is a result of the product's expanding use in the automobile sector. Due to the use of epoxy-based high-temperature sealants in industrial applications, the Middle East and Africa are likely to experience substantial development.

COVID-19 Impact on Global High-Temperature Adhesives and Sealants Market:

The market for high-temperature adhesives and sealants has been affected by COVID-19. The world's transport and supply chains have been hampered by the coronavirus pandemic. Throughout the world, industries are being shut down. The automobile and aviation industries were severely damaged by the decline in purchasing power, which in turn reduced demand for high-temperature adhesives and sealants. According to the Society of India Automobile Manufacturers (SIAM), sales of passenger cars fell by 51% to 143,014 units in March 2020, while those of commercial cars fell by 88%, further reducing demand from the automotive sector for high-temperature and sealants.

Global High-Temperature Adhesives and Sealants Market Recent developments:

The key issues that the players in the High-Temperature Adhesives and Sealants industry must deal with over the short and medium-term forecast include shifting consumer preferences in a scenario of projected economic downturn, changes to industrial policies to reflect growing environmental concerns, enormous fluctuations in raw material costs caused by current geo-political tensions, and anticipated economic turbulences.

Investments made by market participants in high-temperature adhesives and sealants will go towards acquiring new technologies, obtaining raw materials, maximizing efficiency in purchasing and inventory management, bolstering product portfolios, and utilizing skills to sustain growth in difficult economic times. Manufacturers of high-temperature adhesives and sealants and other related firms are concentrating on developing country-specific strategies because it is well known that the economic and social issues vary greatly between different markets and nations.

The market for high-temperature adhesives and sealants is becoming increasingly concerned about crude oil prices shifting by $60 per barrel in a single year since fuel and chemical prices are affecting many other market sectors.

Key Players:

1. Dow Corning Corporation

2. Wacker Chemie AG

3. Henkel AG & Co.

4. Sika AG

5. 3M Company

6. Bostik SA

7. H.B. Fuller

8. PPG Industries Inc.

9. CSW Industrials Inc.

10. Nitto Denko Corporation

In May 2021: A new line of high-temperature-resistant silicone sealants for industrial uses, including gaskets, oven doors, heating components, and industrial furnaces, has been introduced by Henkel AG & Co. KGaA. At temperatures as high as 300°C, the new materials provide exceptional adhesion, flexibility, and durability.

In March 2021: Hematite, a top Japanese producer of adhesives and sealants for the construction and transportation sectors, was purchased by Sika AG. The purchase will improve Sika's position in the Japanese market and enable it to increase the number of high-performance products it offers for bonding and sealing uses.