Global Composite Adhesives Market, By Resin (Epoxy, Polyurethane, Others), Type (Structural, Synthetic), Component (One-Component, Two-Component), Application (Automotive and Transportation, Marine, Aerospace, Wind Energy), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The composite adhesives market is expected to witness market growth at a rate of 8.90% in the forecast period of 2021 to 2028. Data Bridge Market Research report on composite adhesives market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of composite adhesives market.
Composite adhesives refer to the type of adhesives that are utilized for bonding joints or attaching of composite materials such as woods, plastics, and metal. These composites are utilized for numerous high tech applications needing lighter weight and higher strength. These products are available as liquid form, pastes, and films for fulfilling the requirements of the customers.
The increase in delivery of new aircraft across the globe acts as one of the major factors driving the growth of composite adhesives market. The increase in demand for lightweight materials in industries, including automotive and aerospace, and high demand for lightweight and low carbon emitting vehicles owning to consciousness regarding environment accelerate the market growth. The rise in adoption of the product in aerospace and automotive industries, as the usage of traditional bonding methods such as mechanical fasteners, and development of composites for the automotive industry because of the rising emphasis on fuel economy and emission regulations further influence the market. Additionally, high investments, expansion of end use industries and rise in concerns regarding environment positively affect the composite adhesives market. Furthermore, increase in demand for low VOC, green, and sustainable adhesives extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, environmental regulations in North American and European Countries, and unstable economic cycles are expected to obstruct the market growth. The negative impact of COVID19 on various industries is projected to challenge the composite adhesives market in the forecast period of 2021-2028.
This composite adhesives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on composite adhesives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Composite Adhesives Market Scope and Market Size
The composite adhesives market is segmented on the basis of resin, type, component and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of resin, the composite adhesives market is segmented into epoxy, polyurethane and others.
- On the basis of type, the composite adhesives market is segmented into structural and synthetic.
- On the basis of component, the composite adhesives market is segmented into one-component, and two-component.
- On the basis of application, the composite adhesives market is segmented into automotive and transportation, marine, aerospace and wind energy.
Composite Adhesives Market Country Level Analysis
The composite adhesives market is analyzed and market size, volume information is provided by country, resin, type, component and application as referenced above.
The countries covered in the composite adhesives market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the composite adhesives market due to the increase in new adhesive manufacturing facility and high investments within the region. North America is expected to be the fastest growing market during the forecast period of 2021 to 2028 because of the rise in demand from the wind energy, aerospace, and consumer electronic sectors in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Composite Adhesives Market Share Analysis
The composite adhesives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to composite adhesives market.
The major players covered in the composite adhesives market report are Henkel AG & Co. KGaA, 3M, Huntsman International LLC, Sika AG, DOW, LORD Corporation, Bostik, Ashland, Royal Adhesives & Sealants, Integra Adhesives, Arkema Group, SCIGRIP, Dymax Corporation, H.B. Fuller Company, Scott Bader Company Ltd, HERNON Manufacturing, Inc., Gurit, Hybond Inc, and Permabond LLC., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.