High Temperature Adhesives & Sealants Industry Forecast and Size Analysis 2019-2025
Global High Temperature Adhesives & Sealants Industry was valued at USD 2.84 Billion in the year 2017. Global High Temperature Adhesives & Sealants Industry is further estimated to grow at a CAGR of 4.7 % from 2019 to reach USD 4.09 Billion by the year 2025. The North America region holds the highest Industry share in 2017 and the Asia Pacific is considered as the fastest growing Industry in the forecasted period. At a country level, US, China and U.S. are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development. Major market players in High Temperature Adhesives & Sealants Industry are Dow Corning Corp., Wacker Chemie AG, Henkel AG & Co. KGaA, Sika AG, 3M Company, Bostik SA, H.B. Fuller, PPG Industries Inc., CSW Industrials Inc., Illinois Tool Works Company, and brief overview of 10 companies is also provided in the report. Rising research and development expenses are catering to changing demand of end users. Similarly, growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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SWOT analysis of High Temperature Adhesives & Sealants Industry: Strength: Increasing Automobile Production Weakness: Stringent Government Regulations and Standards