Composite Adhesives Market to be worth more than $2 Billion by 2024| Top Players Azom, MasterBond, 3M, Permabond, Henkel, Hexcel

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.

Cyanoacrylate based composite adhesives will signify robust growth during the projected timeframe due to its instant adhering properties. These grades of adhesives are highly viscous, surface insensitive, low odor and non-blooming in nature. They are self-curing and sets in between 10 to 15 seconds and commonly used to adhere substrates including polypropylene, polyethylene, PTFE and other polyolefins which are difficult to bond.

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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.

Acrylic composite adhesives demand will witness significant gains at over 5% during forecast period. This growth in demand for acrylic based products can be ascribed to its increasing application scope in binding truck hoods, raised-roof assemblies and in automobiles to bond composites for roofs, doors, liftgates and hoods. Acrylics offer high bond strength on plastics, composites & metals and performs well even on oily surfaces at lower surface temperature than epoxies.

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Rapid industrial & infrastructural growth along with increasing renovation project incurring huge spending in Brazil, India, Vietnam and China should bolster demand for composite materials thus driving structural adhesives market size. Shifting trends towards adopting composites replacing traditional building materials like brick, wood, mortar and stones should further strengthen industry growth. Composite adhesives are used to bond materials which need to withstand high stresses and loads without compromising structural integrity.

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.

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Cyanoacrylate based composite adhesives will signify robust growth during the projected timeframe due to its instant adhering properties. These grades of adhesives are highly viscous, surface insensitive, low odor and non-blooming in nature. They are self-curing and sets in between 10 to 15 seconds and commonly used to adhere substrates including polypropylene, polyethylene, PTFE and other polyolefins which are difficult to bond.

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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