Press release
Composite Adhesives Market 2018-2024 | key players Azom, Master Bond, 3M, Permabond Engineering Adhesives, Henkel, Hexcel Corporation, Romeo RIM, Inc., LORD Corporation and SEM
Composite Adhesives Market
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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. Positive growth drivers pertaining to demand for composite materials in automotive & aircraft manufacturing industry should propel demand for composite adhesives. Rising application scope for these adhesives due to replacement of conventional adhering techniques by use of lightweight composites in lieu of reducing weight & improved performance should drive product demand. Modern aircrafts are manufactured by utilizing over 50% composite materials adopted by major aerospace OEM’s including Boeing, Airbus and Bombardier.
Growing application of replacing conventional adhering and binding techniques employing mechanical bolts, fasteners and welds in construction, automotive and wind energy industry should drive product demand. Use of composite adhesives also reduces production cycle time, eliminates drilling process on assemblies enhancing structural strength, reducing weight and cost saving.
One component composite adhesives market for medical application sizes to surpass USD 25 million by 2024. Upsurge in technology development to enhance product application portfolio with introduction of application scope in medical and packaging industry should reinforce product demand. Development of a comprehensive line of epoxies, polyurethane, cyanoacrylates and silicone structural adhesives with the ability to adhere similar & similar substrates and ability to fill gap should boost industry growth. These products are widely used in endoscopes, infusion pumps, IV kits, catheters, imaging equipment and surgical instruments.
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North America composite adhesives market size should witness significant gains during forecast period owing to its stringent regulatory regimes and growing consumer inclination towards green and renewable energy in advancing automotive and aircraft industry. Rising demand for high-quality structural adhesives with superior product properties should trigger higher product demand in the region.
Global composite adhesives industry share is moderately concentrated with presence of industry players like 3M, Permabond, Hexcel, Sika AG, Bostik and DYMAX. These companies usually adopt strategies like mergers & acquisition, joint venture and partnerships to expand their regional presence and production capacity. The companies also heavily invest in R&D for product & application innovations along with reducing production cost.
Partial Chapter of the Table of Content
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
3.3.1.1. Role
3.3.1.2. Product
3.3.1.3. Regional Presence
3.3.2. Distribution channel analysis
3.3.3. Profit margin analysis
3.4. Regulatory landscape
3.4.1. U.S.
3.4.2. Europe
3.4.3. China
3.5. Raw material analysis
3.6. Technology Landscape
3.7. Pricing analysis
3.7.1. North America
3.7.2. Europe
3.7.3. Asia Pacific
3.7.4. LATAM
3.7.5. Middle East & Africa
3.8. Cost Structure Analysis
3.8.1. Labor cost
3.8.2. Material cost
3.8.3. Consumables
3.8.4. Maintenance cost
3.9. Industry impact forces
3.9.1. Growth drivers
3.9.1.1. Asia Pacific: Increasing application of composite adhesives in lightweight construction structures
3.9.1.2. North America: Design advantage of composites in aerospace & wind energy
3.9.1.3. North America: Stringent regulatory regimes regarding carbon emission & supportive policies of government for environment protection
3.9.1.4. Europe: Increasing usage of composites in passenger car production & OEM
3.9.2. Industry pitfalls & challenges
3.9.2.1. High cost & supply chain risk associated with composite materials
3.9.2.2. 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
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About Global Market Insights:
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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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
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