Composite Adhesives Market future trends to 2024 key players 3M, Solvay, Henkel, Permabond, Sika AG, LORD Group, Bostik, SciGRIP & Covestro

The massive growth witnessed in the automotive and aerospace sectors is likely to emerge as a prominent driver for composite adhesives market. Numerous other firms in other application arenas have also been depicting a keen interest to adopt composites instead of regular material. As research continues to take an upper stand in composites adhesives industry as far as weight reduction is concerned, this business space is forecast to gain massive proceeds in the years ahead. As per estimates, global composite adhesives market size has been projected to cross USD 2 billion by 2024.

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The last decade has witnessed an increased use of composites in structural applications, that has paved the way for composite adhesives market in the construction domain. Particularly in the aerospace and automotive sectors, composite materials are prominently used for achieving higher fuel efficiency and better strength. On these grounds, numerous composite adhesives industry players have been striving to develop highly advanced and effective adhesive solutions for structural composite materials.

In fact, they are mainly focusing on developing products having non-VOC content. In this regard, it is also important to mention that myriad regional governments have also framed stringent regulatory norms to reduce VOC content in environment. In consequence, companies have been aggressively spending capital on extensive research and development activities, which are likely to stimulate composite adhesives market outlook in the ensuing years. For the record, in 2016, overall composite adhesives industry collected a revenue of USD 1.4 billion.

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Customization has now occupied a prominent position in most industries. In order to obtain customized adhesive solutions, many automakers have been inking collaborations with core composite adhesive suppliers. For instance, Aston Martin has recently signed a technical partnership with Dow Automotive Systems to develop and implement innovative and customized solutions in powertrain efficiency and vehicle electrification.

Through this agreement, the company looks forward to stimulating engineering excellence and innovation in composite adhesives market. As automotive sector marks a paradigm shift toward advanced mobility solutions, such strategic partnerships are likely to gain momentum and will help automakers demonstrate next-generation product ranges.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. 3M
2. Permabond
3. Masterbond
4. Hexcel
5. Henkel Adhesives
6. Sika AG
7. The Dow Chemical Company
8. LORD Corp
9. Ashland Inc.
10. Bostik
11. Scott Bader
12. SciGRIP
13. Parson Adhesives, Inc.
14. L&L Products
15. Delo Industrial Adhesives, LLC
16. DYMAX
17. Hernon Manufacturing, Inc.
18. Hybond
19. Loxeal
20. Gurit Holdings
21. PRF Composite Materials
22. Huntsman
23. Covestro
24. Lincoln Composite Materials
25. Argosy International
26. Acralock
27. Chemique
28. Elantis
29. Allnex
30. Solvay
31. Aditya Birla Group
32. Plexus
33. ASI Adhesives
34. Hybond
35. Rubberlite

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