Global Composite Adhesive Market

Composite Adhesives Market Size, Share, Growth Analysis, By Product Type(Acrylic, Epoxy, Urethane and Others), By Application(Electrical & electronics, Construction & Infrastructure, Automotive and Others), By Component(One-Component, Two-Component), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15E2415 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 89 |Figures: 76

Composite Adhesives Market Insights

Composite Adhesive Market size was valued at USD 3.35 billion in 2021 and is poised to grow from USD 3.51 billion in 2022 to USD 5.30 billion by 2030, at a CAGR of 4.7% during the forecast period (2023-2030).

In recent years, 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 aerospace and defense applications. Manufacturers and end-users are increasingly recognizing the benefits of composite adhesives, such as enhanced structural integrity, reduced material weight, and improved overall performance. The market expansion can also be attributed to ongoing research and development efforts, leading to the introduction of advanced adhesives with superior properties like high-temperature resistance, flexibility, and environmental sustainability. Additionally, stringent regulations promoting eco-friendly and energy-efficient solutions have fueled the adoption of composite adhesives as an environmentally responsible alternative to traditional joining techniques. As the market continues to evolve, key players in the composite adhesives industry are actively focusing on strategic collaborations, product innovations, and geographic expansions to gain a competitive edge. Furthermore, the shift towards automation and Industry 4.0 technologies in manufacturing processes is expected to further accelerate the demand for composite adhesives, fostering technological advancements in the sector. In conclusion, the global market represents a promising landscape with substantial growth opportunities. As industries across the globe seek lightweight, durable, and sustainable solutions, composite adhesives are poised to play an increasingly integral role in shaping the future of manufacturing and engineering applications.

US Composite Adhesives Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 3.35 billion

Largest Segment

Epoxy

Fastest Growth

Epoxy

Growth Rate

4.7% CAGR

Global Composite Adhesives Market ($ Bn)
Country Share for North America Region (%)

To get more reports on the above market click here to Buy The Report

Composite Adhesives Market Segmental Analysis

The global Composite Adhesive market is segmented on the basis of product type, application, Component and region. By Product Type, the market is segmented into Acrylic, Epoxy, Urethane and Others. By application, the market is segmented into Electrical & electronics, Construction & Infrastructure, Automotive and Others. by Component, the market is segmented into One-Component and Two-Component. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Composite Adhesive Market Analysis By Product

The global Composite Adhesives market can be segmented based on product types, including Acrylic and Epoxy. Epoxy-based composite adhesives dominated the global market. This segment's dominance can be attributed to the exceptional bonding properties and versatility of epoxy adhesives in joining various composite materials. Epoxy adhesives offer high bonding strength, excellent chemical resistance, and outstanding adhesion to a wide range of substrates, making them ideal for critical applications in industries like aerospace, automotive, and marine. Epoxy-based composite adhesives are favored in industries where structural integrity and reliability are paramount. They provide exceptional performance in load-bearing applications, effectively distributing stress and maintaining long-term bond durability. Their ability to withstand harsh environmental conditions, temperature variations, and exposure to chemicals further enhances their appeal in demanding industries.

The acrylic-based composite adhesives segment is the fastest-growing in the global market. Acrylic adhesives have gained significant traction due to their ability to bond various materials quickly and efficiently. Their rapid curing properties reduce assembly time, leading to increased production efficiency in various industries. One of the key factors driving the growth of acrylic-based composite adhesives is their superior flexibility and resistance to impact and vibration. These adhesives provide excellent peel and shear strength, making them well-suited for applications where materials may experience movement or stress.

Composite Adhesive Market Analysis By Application

The global composite adhesives market can also be segmented based on the type of application, including Electrical & electronics and Construction & Infrastructure. The Construction & Infrastructure segment holds a dominant position in the Global Composite Adhesives Market due to the increasing demand for sustainable and high-performance bonding solutions in the construction industry. Composite adhesives play a pivotal role in joining various construction materials, including composites, metals, and plastics, to create durable and lightweight structures. The segment's dominance is attributed to the surge in infrastructure development projects worldwide, particularly in emerging economies, where rapid urbanization and industrialization drive the need for reliable and efficient bonding solutions. Moreover, the emphasis on green building practices and eco-friendly construction materials has boosted the adoption of composite adhesives, as they offer advantages like reduced material waste and enhanced energy efficiency. The rising investments in modernizing infrastructure and the growing use of composites in applications like bridges, facades, and prefabricated buildings further contribute to the dominance of this segment.

The Electrical & Electronics segment is the fastest growing in the Global Composite Adhesives Market, driven by the rapid advancements in electronic technologies and the increasing use of composite materials in this sector. Composite adhesives find widespread applications in electrical and electronic devices, including circuit boards, sensors, displays, and high-performance electronics. The segment's growth is propelled by the demand for lighter and more compact electronic components, where composite materials and adhesives play a crucial role in reducing weight and enabling miniaturization. Additionally, the escalating adoption of electric vehicles (EVs) and the increasing use of composites in automotive electronics further fuel the demand for composite adhesives in this segment. Moreover, the growing trend of 5G and other advanced communication technologies necessitates reliable and efficient bonding solutions for high-frequency electronic components. As a result, the Electrical & Electronics segment is witnessing rapid growth, with manufacturers and consumers alike recognizing the benefits of composite adhesives in achieving high-performance, lightweight, and sustainable electronic products.

Global Composite Adhesives Market By Type, 2023 (%)

To get detailed analysis on other segments, Request For Free Sample Report

Composite Adhesives Market Regional Insights

North America holds a significant share in the Global Composite Adhesives Market, primarily driven by the region's well-established aerospace, automotive, and wind energy industries. The presence of major aircraft manufacturers, automobile companies, and wind turbine producers in countries like the United States and Canada fuels the demand for lightweight and high-performance bonding solutions. Moreover, stringent regulations promoting lightweight and fuel-efficient vehicles further boost the adoption of composite adhesives in the automotive sector. Additionally, North America's continuous focus on research and development activities, coupled with technological advancements, enables the introduction of advanced composite adhesive solutions tailored for specific applications. The robust economic growth and increasing infrastructure projects in the region also contribute to the market's dominance in North America.

Asia Pacific is witnessing rapid growth in the Global Composite Adhesives Market, emerging as the fastest-growing segment. The region's expanding automotive and aerospace industries, along with rising infrastructure development, are key drivers for the increased demand for composite adhesives. Countries like China, Japan, and India are experiencing significant growth in automotive production and aerospace activities, leading to higher consumption of lightweight materials and composite adhesives for bonding purposes. Moreover, the increasing focus on electric vehicles (EVs) and renewable energy sources, such as wind power, has propelled the demand for composite adhesives in battery assembly and wind turbine manufacturing. Additionally, favorable government policies encouraging sustainable and eco-friendly practices further stimulate the adoption of composite adhesives in various industries. As the region continues to witness rapid industrialization and economic growth, the Asia Pacific segment is expected to maintain its momentum as the fastest-growing market for composite adhesives.

Global Composite Adhesives Market By Geography, 2024-2031
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Composite Adhesives Market Dynamics

Composite Adhesive Market Drivers

Increasing Growing Adoption of Composites

  • The use of composite materials, such as carbon fiber-reinforced plastics (CFRP) and glass fiber-reinforced plastics (GFRP), is on the rise due to their high strength-to-weight ratio and corrosion resistance. As composites become more prevalent in various applications, the demand for effective and reliable composite adhesives increases.

Expansion of Infrastructure Projects

  • The construction industry is witnessing a surge in infrastructure development projects, particularly in emerging economies. Composite adhesives play a vital role in bonding components in infrastructure projects, such as bridges, buildings, and wind turbines, thereby contributing to the market's growth.

Composite Adhesive Market Restraints

High Initial Investment

  • The adoption of composite adhesives often requires a significant initial investment in research, development, and manufacturing processes. The high costs associated with advanced adhesive technologies can deter small and medium-sized enterprises (SMEs) from entering the market, limiting their access to these innovative solutions.

Complex Application Processes

  • Composite adhesives demand precise application techniques and strict adherence to bonding procedures to achieve optimal results. The complexity of application processes may require specialized training and equipment, leading to additional expenses and potential challenges for end-users.

Request Free Customization of this report to help us to meet your business objectives.

Composite Adhesives Market Competitive Landscape

The competitive landscape of the Global Composite Adhesives Market is characterized by the presence of several prominent players, each striving to gain a competitive edge and expand their market share. Established adhesive manufacturers such as Henkel AG & Co. KGaA, 3M Company, and Sika AG continue to dominate the market with their wide product portfolios and global reach. These companies leverage their extensive research and development capabilities to introduce innovative adhesive solutions tailored to specific industries and applications. Additionally, strategic partnerships and acquisitions have become common strategies for market players to strengthen their position and broaden their offerings. New entrants and regional players also contribute to the competition, focusing on niche applications and innovative adhesive formulations. With increasing demand for lightweight materials and sustainable bonding solutions, the competition intensifies as companies invest in technological advancements, customer-focused R&D, and marketing initiatives to meet the evolving needs of industries worldwide. As the market continues to grow, the competitive landscape is likely to witness further consolidation and expansion of offerings, fostering a dynamic and ever-evolving marketplace.

Composite Adhesive Market Top Player’s Company Profiles

  • LORD Corporation (US)
  • H.B. Fuller Company (US)
  • Huntsman Corporation (US)
  • Arkema S.A. (France)
  • Scott Bader Company Ltd. (United Kingdom)
  • Permabond LLC (US)
  • L&L Products, Inc. (US)
  • Master Bond Inc. (US)
  • Panacol-Elosol GmbH (Germany)
  • Gurit Holding AG (Switzerland)
  • Permabond Engineering Adhesives Ltd. (UK)
  • SCIGRIP (US)
  • ITW Engineered Polymers (US)
  • Hexcel Corporation (US)
  • Solvay S.A. (Belgium)
  • Ashland Global Holdings Inc. (US)
  • Cyberbond, LLC (US)

Composite Adhesive Market Recent Developments

  • In March 2022, 3M, a diversified technology company, unveiled its new Scotch-Weld Multi-Material Composite Urethane Adhesive DP6310NS. This adhesive is designed for bonding a wide range of composite materials and offers excellent impact resistance and durability.
  • In November 2021, Sika AG, a leading specialty chemicals company, launched a new range of composite bonding solutions called Sikadur Forceflex. These adhesives provide high-strength bonding for various composite materials used in infrastructure projects, such as bridges and buildings.

Composite Adhesives Key Market Trends

  • Shift Growing Demand for Lightweight Materials: The increasing emphasis on fuel efficiency and environmental sustainability has led to a rising demand for lightweight materials in various industries. Composite adhesives offer a viable solution for joining lightweight materials together, making them indispensable in sectors like automotive, aerospace, and wind energy.
  • Advancements in Material Science: Ongoing research and development in material science have led to the introduction of advanced composite adhesives with superior properties, such as high-temperature resistance, flexibility, and enhanced bonding strength. These innovations cater to the evolving needs of industries seeking high-performance adhesives for critical applications.

Composite Adhesives Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our Global Composite Adhesives Market analysis, the market is a thriving industry that caters to various sectors like aerospace, automotive, and construction by providing advanced bonding solutions for lightweight, high-strength structures. The market growth is fueled by the demand for fuel-efficient vehicles, infrastructure projects, and aerospace applications. Research and development efforts have led to the introduction of environmentally friendly, high-performance adhesives. Key players focus on innovation, strategic collaborations, and geographic expansions. With the increasing adoption of Industry 4.0 technologies, the demand for composite adhesives is expected to rise further. As industries worldwide seek durable and sustainable solutions, composite adhesives are set to play a crucial role in shaping the future of manufacturing and engineering applications.

Report Metric Details
Market size value in 2023 USD 3.35 billion
Market size value in 2031 USD 5.30 billion
Growth Rate 4.7%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product Type
    • Acrylic, Epoxy, Urethane and Others
  • Application
    • Electrical & electronics, Construction & Infrastructure, Automotive and Others
  • Component
    • One-Component, Two-Component
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • LORD Corporation (US)
  • H.B. Fuller Company (US)
  • Huntsman Corporation (US)
  • Arkema S.A. (France)
  • Scott Bader Company Ltd. (United Kingdom)
  • Permabond LLC (US)
  • L&L Products, Inc. (US)
  • Master Bond Inc. (US)
  • Panacol-Elosol GmbH (Germany)
  • Gurit Holding AG (Switzerland)
  • Permabond Engineering Adhesives Ltd. (UK)
  • SCIGRIP (US)
  • ITW Engineered Polymers (US)
  • Hexcel Corporation (US)
  • Solvay S.A. (Belgium)
  • Ashland Global Holdings Inc. (US)
  • Cyberbond, LLC (US)
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Composite Adhesives Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Composite Adhesives Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Composite Adhesives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Composite Adhesives Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Composite Adhesives Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Composite Adhesives Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Composite Adhesive Market size was valued at USD 3.35 billion in 2021 and is poised to grow from USD 3.51 billion in 2022 to USD 5.30 billion by 2030, at a CAGR of 4.7% during the forecast period (2023-2030).

The competitive landscape of the Composite Adhesives Market is characterized by the presence of several prominent players, each striving to gain a competitive edge and expand their market share. Established adhesive manufacturers such as Henkel AG & Co. KGaA, 3M Company, and Sika AG continue to dominate the market with their wide product portfolios and reach. These companies leverage their extensive research and development capabilities to introduce innovative adhesive solutions tailored to specific industries and applications. Additionally, strategic partnerships and acquisitions have become common strategies for market players to strengthen their position and broaden their offerings. New entrants and regional players also contribute to the competition, focusing on niche applications and innovative adhesive formulations. With increasing demand for lightweight materials and sustainable bonding solutions, the competition intensifies as companies invest in technological advancements, customer-focused R&D, and marketing initiatives to meet the evolving needs of industries worldwide. As the market continues to grow, the competitive landscape is likely to witness further consolidation and expansion of offerings, fostering a dynamic and ever-evolving marketplace. 'Henkel AG & Co. KGaA (Germany)', '3M Company (US)', 'Sika AG (Switzerland)', 'LORD Corporation (US)', 'H.B. Fuller Company (US)', 'Huntsman Corporation (US)', 'Arkema S.A. (France)', 'Scott Bader Company Ltd. (United Kingdom)', 'Permabond LLC (US)', 'L&L Products, Inc. (US)', 'Master Bond Inc. (US)', 'Panacol-Elosol GmbH (Germany)', 'Gurit Holding AG (Switzerland)', 'Permabond Engineering Adhesives Ltd. (UK)', 'SCIGRIP (US)', 'ITW Engineered Polymers (US)', 'Hexcel Corporation (US)', 'Solvay S.A. (Belgium)', 'Ashland Holdings Inc. (US)', 'Cyberbond, LLC (US)'

The use of composite materials, such as carbon fiber-reinforced plastics (CFRP) and glass fiber-reinforced plastics (GFRP), is on the rise due to their high strength-to-weight ratio and corrosion resistance. As composites become more prevalent in various applications, the demand for effective and reliable composite adhesives increases.

Shift Growing Demand for Lightweight Materials: The increasing emphasis on fuel efficiency and environmental sustainability has led to a rising demand for lightweight materials in various industries. Composite adhesives offer a viable solution for joining lightweight materials together, making them indispensable in sectors like automotive, aerospace, and wind energy.

North America holds a significant share in the Composite Adhesives Market, primarily driven by the region's well-established aerospace, automotive, and wind energy industries. The presence of major aircraft manufacturers, automobile companies, and wind turbine producers in countries like the United States and Canada fuels the demand for lightweight and high-performance bonding solutions. Moreover, stringent regulations promoting lightweight and fuel-efficient vehicles further boost the adoption of composite adhesives in the automotive sector. Additionally, North America's continuous focus on research and development activities, coupled with technological advancements, enables the introduction of advanced composite adhesive solutions tailored for specific applications. The robust economic growth and increasing infrastructure projects in the region also contribute to the market's dominance in North America.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Composite Adhesive Market

Product ID: SQMIG15E2415

$5,300
BUY NOW GET FREE SAMPLE