GLOBAL COMPOSITE ADHESIVE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

Global Composite Adhesive Market Regional Insights:

• Asia Pacific region has emerged as the fastest-growing market for composite adhesives in recent years. Expanding manufacturing activity, along with the rising export focus of industries like aerospace, is a key factor. Countries like China, Japan, and India are global manufacturing hubs with a significant presence of automotive, industrial equipment, and electronics sectors that utilize composite parts. Substantial foreign investments by leading aircraft and automobile brands have led to the establishment of new production plants. For instance, several automakers have set up local facilities to cater to the large domestic market in China. This is increasing the in-country consumption of composites and adhesives. Rising composite exports from the region are another growth accelerator. Chinese composite manufacturers are major exporters of wind turbine blades to Europe and boat hulls to North America. The export momentum is encouraging adhesive suppliers to establish local production and supply chains to minimize transportation costs and ensure just-in-time deliveries.
• North America has been the dominant regional market for composite adhesives globally. The region is home to well-established and technologically advanced aerospace, transportation, and industrial manufacturing industries that are major end-users of composite materials. Composite parts are increasingly being used in aircraft components like empennage, wings, and fuselage to reduce weight. Leading commercial aircraft OEMs like Boeing and Airbus have major production facilities in the U.S. and Canada, which drives the demand for adhesives. Further, automotive manufacturers are incorporating composite body panels, bumpers, and roofs to reduce vehicle weight and meet stringent fuel efficiency norms.
• The Middle East and Africa is expected to drive demand mainly from the growing construction and infrastructure industries over the forecast period. The growth of the construction sector in the region is largely attributed to continuous investments in infrastructure projects, rapid urbanization, population growth, and government initiatives toward infrastructure development. For instance, 100% of foreign direct investment in the construction industry under automatic routes is permitted in malls and shopping complexes. The reintroduced Innovative Materials for America’s Growth and Infrastructure Newly Expanded is also propelling the incorporation of composites in construction applications. Composite adhesives are used in construction applications as they provide strong adhesion for meeting the requirements of these expanding construction projects.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East:  GCC Countries, Israel,  and Rest of Middle East
• Africa:  South Africa, North Africa, and Central Africa