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

The composite adhesive market has seen significant growth over the past few years owing to increased adoption across various end-use industries like transportation, building and construction, marine, wind energy, and aerospace. Composite adhesives help bond composite materials like carbon fiber and glass fiber, which are increasingly being used as replacements for metals in many applications due to advantages such as a high strength-to-weight ratio, durability, and corrosion resistance. Moreover, stringent fuel emission norms have necessitated a weight reduction of vehicles, further propelling the use of lightweight composite materials and composite adhesives. Some of the key players operating in the composite adhesive market are Bostik, Dow, Henkel AG & Co. KGaA, and Huntsman Corporation LLC, among others. The market is segmented by product outlook, application outlook, and regional outlook. The major drivers for the market are the increasing investments in electric vehicle production and the construction industry.

Market Dynamics:

The composite adhesive market is driven by factors such as growing consumption of composites in the transportation and wind energy industries, stringent regulations regarding fuel emissions and vehicles weight reduction, and increased adoption of composites as a replacement for metals. However, the high cost of advanced composites and volatility in raw material prices are expected to restrain market growth. The market provides opportunities for material innovation, the development of bio-based and recyclable adhesives, and expansion in emerging economies. The global market has witnessed remarkable growth, primarily driven by the increasing demand for lightweight and fuel-efficient vehicles, the rise in infrastructure development projects, and the growing adoption of composites in different end-use industries.

Key features of the study:

• This report provides in-depth analysis of the global composite adhesive market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global composite adhesive market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Henkel AG & Co. KGaA, Master Bond Inc, The Dow Chemical Company, Huntsman Corporation, LORD Corporation, Illinois Tool Works Incorporation-Plexus., Hernon Manufacturing, Inc ., Scott Bader Company Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global composite adhesive market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global composite adhesive market

Detailed Segmentation:

  Global Composite Adhesive Market

• By component
  • One component
  • Two component
• By Application
  • Automotive and Transportation
  • Aerospace
  • Wind energy
  • Marine
  • Others
• By Products
  • Epoxy
  • Polyurethane
  • Acrylic
  • Polyimide
  • Phenolic
  • Others
• By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa
• Top Companies in the Global Composite Adhesive Market:
• • Henkel AG & Co. KGaA,
  • SIKA AG,
  • Master Bond Inc,
  • The Dow Chemical Company,
  • Huntsman Corporation,
  • LORD Corporation,
  • Illinois Tool Works Incorporation-Plexus.
  • Hernon Manufacturing, Inc.
  • Scott Bader Company Ltd.