High Temperature Sealant Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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High Temperature Sealant Market Analysis
The high temperature sealant market is expected to record a CAGR of about 3% globally during the forecast period. Increasing demand from the electrical and electronics industry and growing demand owing to its wide range of applications are driving the market growth. On the flip side, stringent environmental regulations is expected to hinder the market growth.
- High temperature sealant market is expected to grow during the forecast period owing to the increasing demand from the electrical and electronics segment.
- Asia-Pacific region dominated the market across the world with the largest consumption from the countries, such as China, India, and Japan.
High Temperature Sealant Market Trends
This section covers the major market trends shaping the High Temperature Sealant Market according to our research experts:
Increasing Demand from Electrical & Electronics Industry
- High temperature sealant is a high-performance sealant designed especially for extremely high temperature applications. It provides a long-lasting, weather-resistant seal with supreme adhesion, flexibility, and durability. It adheres to most common building materials and remains flexible in a wide range of temperatures and substrates.
- In the electrical and electronics industry, these high temperature sealants are used in printed circuit boards, semiconductor bonding, pyrolytically deposited films, microelectronic substrates, electrical connectors, high power resistors, ceramic filled cartridge heaters, and others where it has wide range of applications
- The Cabinet of India has approved National Policy on Electronics 2019 for the Electronics System Design and Manufacturing (ESDM) sector of India aiming for a turnover of USD 400 billion in domestic electronics manufacturing industry by 2025.
- According to WSTS, it is estimated that the annual global sales of semiconductors will increase by about 5.4% in 2020 increasing the scope for this market during the coming years.
- Hence, owing to the growing applications in the electrical and electronics industry especially in Asia-Pacific and North American countries, the demand for high temperature sealants is expected to increase over the forecast period.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region is expected to dominate the market for high temperature sealants during the forecast period. Due to the high demand application in countries like China, India, and Japan, the market for high temperature sealants has been increasing.
- The largest producers of high temperature sealants are located in Asia-Pacific region. Some of the leading companies in the production of high temperature sealants are 3M, Arkema Group, Henkel Adhesives Technologies India Private Limited, Pidilite Industries Limited, MAPEI S.p.A.
- Chinese pharmaceutical industry which is valued at about USD 145 billion currently, represents the biggest emerging market with growth tipped to reach about USD 200 billion by 2022, thus increasing the scope of the market.
- The 'Made in China 2025' policy, published in May 2015, mentions specific targets to increase self-sufficiency in Integrated Circuits production to 40% in 2020 and 70% by 2025 increasing the scope for this market in the coming years.
- The aforementioned factors, coupled with government support, are contributing to the increasing demand for high temperature sealant market during the forecast period.
High Temperature Sealant Industry Overview
The global high temperature sealant market is fragmented with players accounting for a marginal share of the market. Few companies include 3M, Dow, PPG Industries Inc., MAPEI SpA, Arkema Group.
High Temperature Sealant Market Leaders
3M
Dow
MAPEI S.p.A
Arkema Group
PPG Industries, Inc.
*Disclaimer: Major Players sorted in no particular order
High Temperature Sealant Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Demand from the Electrical and Electronics Industry
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4.1.2 Growing Demand owing to its Wide Range of Applications
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4.2 Restraints
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4.2.1 Stringent Environmental Regulations
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Chemistry
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5.1.1 Epoxy
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5.1.2 Silicone
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5.1.3 Others
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5.2 End-user Industry
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5.2.1 Electrical and Electronics
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5.2.2 Automotive and Transportation
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5.2.3 Chemical and Pharmaceutical
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5.2.4 Building and Construction
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5.2.5 Other End-user Industries
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 3M
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6.4.2 American Sealants Inc.
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6.4.3 Arkema Group
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6.4.4 Bond It
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6.4.5 Dow
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6.4.6 H.B. Fuller Company
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6.4.7 Henkel AG & Co. KGaA
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6.4.8 MAPEI S.p.A
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6.4.9 Pidilite Industries Limited
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6.4.10 PPG Industries Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Development of Sealants with High Adhesion
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High Temperature Sealant Industry Segmentation
The high temperature sealant market report include:
| Chemistry | |
| Epoxy | |
| Silicone | |
| Others |
| End-user Industry | |
| Electrical and Electronics | |
| Automotive and Transportation | |
| Chemical and Pharmaceutical | |
| Building and Construction | |
| Other End-user Industries |
| Geography | |||||||
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High Temperature Sealant Market Research FAQs
What is the current High Temperature Sealant Market size?
The High Temperature Sealant Market is projected to register a CAGR of 3% during the forecast period (2024-2029)
Who are the key players in High Temperature Sealant Market?
3M, Dow, MAPEI S.p.A, Arkema Group and PPG Industries, Inc. are the major companies operating in the High Temperature Sealant Market.
Which is the fastest growing region in High Temperature Sealant Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in High Temperature Sealant Market?
In 2024, the Asia Pacific accounts for the largest market share in High Temperature Sealant Market.
What years does this High Temperature Sealant Market cover?
The report covers the High Temperature Sealant Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the High Temperature Sealant Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
High Temperature Sealant Industry Report
Statistics for the 2024 High Temperature Sealant market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. High Temperature Sealant analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
