Composite Adhesives Market size 2024: Future Growth and Market size Insights of Leading Key Players Like 3M, Permabond, Hexcel, Sika AG, Bostik and DYMAX and more

The Composite Adhesives Market size report add detailed competitive landscape of the global Market size. It includes company Market size share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the Global Composite Adhesives Market size based on product segment, technology, end user segment and region.

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.

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Two component composite adhesives market by aerospace application should witness gains at over 6% during forecast period. These adhesives are widely used to attach cured parts to joints like stringers and cured parts such as wing skins in aerospace industry due to its properties such as toughness, stiffness, strength and high-temperature performance. Entry of new players in the aircraft industry will increase production of aircraft owing to rise in demand for aircraft travel along with improved consumer safety and comfort should enhance industry growth prospects of composite adhesives industry.

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.

Stringent regulatory regimes in North America and Europe pertaining to environment protection and construction methodologies by government agencies and authorities should strengthen composite adhesives market. Automotive agencies like FMVSS and AAPC have laid manufacturing standard operation process (SOP) for industry participants with a view to reduce automotive weight to improve fuel efficiency and reduce emissions.

Composite Adhesives market should surpass USD 2 Billion by 2024; according to a new research report.
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.

North America composite adhesives market 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.

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One component composite adhesives industry should surpass USD 800 million by 2024. Growing demand for one-component adhesives in all clean energy sectors due to its ease of application. It just requires either high temperature for curing or other media such as light and humidity from the surrounding to initiate curing mechanism. These forms of adhesives are highly efficient which takes lesser time for application and cure compared to two component adhesives.

Epoxy based composite adhesives market should witness strong gains at over 5.5% during projected period which can be ascribed to its large quantity demand in automotive, marine and aerospace industry. These products show high strength, temperature resistance, relative low curing time, low shrinkage and cost, thus propelling product demand. Ease of application epoxy-based adhesives should also strengthen product demand.

MMA based composite adhesives industry should grow at a rate of over 4% during projected timeframe. Rising demand for these forms of adhesives in medical and dental application owing to its emulsifying application should drive product demand. MMA have also witnessed concerns regarding its potential toxicity in dental use which may cause mucosal irritation or allergic reaction which may hamper industry growth. Companies producing this form of adhesives have recently developed technologies to reduce these ill-effects thus propelling industry.

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.

Report Content

Chapter 1. Methodology and Scope

1.1. Research methodology

1.1.1. Methodology

1.1.2. Market Definitions

1.1.3. Market estimates & forecast parameters

1.2. Data sources

1.2.1. Primary

1.2.2. Secondary

1.2.2.1. Paid sources

1.2.2.2. Public sources

Chapter 2. Executive Summary

2.1. Composite Adhesives market 360 degree synopsis, 2017 -2024

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Application trends

2.1.4. Regional trends

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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