Global Composite Adhesives Market Perspective by Comprehensive Analysis, Growth Prediction to 2024
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Composite Adhesives Market size should surpass USD 2 billion by 2024; according to a new research report by Global Market Insights, Inc. Increasing application for replacing conventional binding and adhering techniques like mechanical bolt, fasteners and welds in automotive, marine, construction and aerospace industry should impel composite adhesives market size.
Its growing popularity for various industrial application can be attributed to significant reduction in structural weight, fuel consumption and cost savings. Use of structural adhesives also shortens production cycle time and eliminate drilling hole on assemblies enhancing its structural strength.
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Growing demand of composites in manufacturing aircrafts for commercial and defense sectors propels adhesives demand. These products are commonly used to attach joints to cured parts like stingers and uncured parts like wing skins due to its inherent characteristics of offering toughness, strength, stiffness and high temperature performance to fixtures and joints. Focus for existing participant to renovate or buy new models to enhance passenger safety and comfort should also drive product demand.
Some of major chapters from Table of Contents:
Chapter 2. Executive Summary
2.1. Composite Adhesives market 3600 synopsis, 2017 –2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. Regional trends
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Chapter 3. Composite Adhesives Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
220.127.116.11. Regional Presence
3.3.2. Distribution channel analysis
3.3.3. Profit margin analysis
3.4. Regulatory landscape
3.5. Raw material analysis
3.6. Technology Landscape
3.7. Pricing analysis
3.7.1. North America
3.7.3. Asia Pacific
3.7.5. Middle East & Africa
3.8. Cost Structure Analysis
3.8.1. Labor cost
3.8.2. Material cost
3.8.4. Maintenance cost
3.9. Industry impact forces
3.9.1. Growth drivers
18.104.22.168. Asia Pacific: Increasing application of composite adhesives in lightweight construction structures
22.214.171.124. North America: Design advantage of composites in aerospace & wind energy
126.96.36.199. North America: Stringent regulatory regimes regarding carbon emission & supportive policies of government for environment protection
188.8.131.52. Europe: Increasing usage of composites in passenger car production & OEM
3.9.2. Industry pitfalls & challenges
184.108.40.206. High cost & supply chain risk associated with composite materials
220.127.116.11. Shortfalls of adhesives over other bonding techniques
3.10. Innovation & sustainability
3.11. Growth potential analysis, 2016
3.11.1. Emerging business models
3.12. Porter's analysis
3.12.1. Buyer’s power
3.12.2. Supplier power
3.12.3. Threat of substitute
3.12.4. Threat of new entrants
3.12.5. Degree of competition
3.13. Competitive landscape, 2016
3.13.1. Strategic dashboard
3.14. PESTEL analysis
North America, led by U.S. composite adhesives industry size, is anticipated to grow at a rate of about 4% during projected timeframe. Rising utilization of composite adhesives in medical devices, cascade for engine, leaf spring, machinery and welded tube application should drive industry growth. Growing demand for high-quality composite adhesive which offer superior properties should fuel regional product demand.
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Global composite adhesives industry share is fairly consolidated with participants including 3M, Henkel, Permabond, Sika AG, LORD Group, Bostik, SciGRIP and Covestro. Other key industry players include Hybond, Gurit, Huntsman, Argosy, Allnex, Solvay and ASI. Companies manufacturing these adhesives focus to enlarge their production capacity by investing on facility upgradation. They also adopt strategies like merger, acquisition and partnership with other players to enhance their product application portfolio through increasing R&D spending.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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