The market for high temperature sealants market high temperature sealants is projected to reach USD 3.56 billion by 2022, at a CAGR of 4.6% during the forecast period, 2017 to 2022 in terms of value. The various superior properties offered by high temperature sealants are excellent temperature and chemical resistance and adhesion to a wide range of substrates, which drive their market in end-use applications.

The chemistries used in the manufacture of high temperature sealants are silicone, epoxy, and others. The demand for silicone based high temperature sealants is projected to grow at the highest rate as compared to other chemistries over the next five years owing to their unique properties such as high temperature resistance, excellent electrical properties, and wide range of applications across the electronics, construction, and automotive industries.

The high temperature sealants market is segmented on the basis of applications into electrical & electronics, transportation, industrial, construction, and others. Amongst these, the electrical & electronics segment is projected to grow at the highest CAGR over the forecast period due to the rising need for durable electronics products and increasing usage of electrical & electronic components in the automotive industry. Transportation is projected to be the second-fastest growing application owing to the increasing production of automobiles, backed by a wide range of applications of high temperature sealants in the automobile industry.

The Asia Pacific region market for high temperature sealants is projected to grow at the highest CAGR during the forecast period, 2017 to 2022. The demand for high temperature sealants in the region is expected to be supported by the rapid industrialization, growing electrical & electronics and construction industries, and major automobile manufacturing markets. Moreover, emerging countries such as India and China are investing to a high extent in construction activities, which in turn is expected to boost the usage of high temperature sealants in the construction industry. Favorable government policies and initiatives further attribute to the high growth trend in the region’s high temperature sealants market.

Rising demand from emerging economies and the development of sealants with adhesive properties are some of the key opportunities that are expected to propel market growth over the forecast period. The major players in the high temperature sealants market have begun leveraging these opportunities by developing high temperature sealants with adhesive properties and by expanding their operations in the emerging countries.