Composite Adhesives Market Outlook and Analysis to 2024 – Leading Top Companies are Ashland, 3M, Hexcel Corporation, Henkel, Sika, The Dow Chemical Company, LORD Corporation, Bostik, Covestro, allnex, Solvay, Aditya Birla Group

According to a new research report by Global Market Insights, Inc. Composite Adhesives Market should surpass USD 2 billion by 2024. 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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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.

- Composite Adhesives Market, By Application

• Automotive & transportation
• Rail carriage panels
• Wind energy
• Bicycles
• Aerospace
• Marine
• Construction
o Metal to metal sandwich
o In-situ pipeline repair
o Perforated panel assembly
• Leisure
• Storage tanks
• Packaging
• Medical
o Orthopedic
o Bone cement
• Dental
• Electronics
• Stationary
• Others

- Composite Adhesives Market, By Component

• One component (1K)
• Two component (2K)

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MMA composite adhesives market size should surpass USD 360 million by 2024 owing to its ardent demand in aerospace industry. Its fairly high tolerance to poor surface condition (such as oil contamination), high strength performance, greater freedom of material choice like metals, magnets, glass, wood and composite along with bondability with dissimilar materials as well as improved finish should drive product demand.

Stringent regulatory framework in U.S. and Europe pertaining to VOC levels, emission control and improved fuel efficiency should substantiate composite adhesives industry growth. European Commission developed CARS 2020 action plan to reinforce automotive industry competitiveness along with addressing climatic, environmental and societal challenges. The plan is built around four major areas of financial innovations, improving market condition, facilitating internationalization and response to technological changes.

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.

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Composite adhesives industry size from dental application should grow at a rate of over 4% during forecast period. The combination of adhesive composite resin and acid-etched enamel affords the benefits of reducing or eliminating microleakage of the enamel margins along with reducing sensitivity, lowered discoloration of margins, lower rates of recurrent margins and improved retention of restoration.

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.

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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