Global Composite Adhesives Market is projected to grow at a CAGR of 8.0% during the forecast by 2024
Definition:
Composite adhesives are used for joining, attaching or bonding joints in composite materials such as metal, woods and plastics. These are available as pastes, liquid form and films to meet the demands of a wide range of customers. They are known for good performances in extreme conditions due to their strong mechanical strength.
Analysis of Global Composite Adhesives Market report:
The Global Composite Adhesives Market accounted for USD 1.15 billion in 2016 and is projected to grow at a CAGR of 8.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major Market Drivers:
Increasing usage in the wind energy production
Growing demand for recyclable plastics
Growing R&D in the aerospace sector boosting the demand for composite adhesives
Restraints:
Strict environmental regulations
Leading Key players profiled in this report are:
Some of the major players operating in global composite adhesives market are Henkel AG & Co. KGaA, 3M, Huntsman International LLC, Sika AG, The DOW Chemical Company, LORD Corporation, Bostik, Ashland, Illinois Tool Works Incorporation-Plexus, Royal Adhesives & Sealants, Integra Adhesives, Arkema Group, SCIGRIP, Dymax Corporation, H.B. Fuller Company, Scott Bader Company Ltd, HERNON Manufacturing, Inc., Gurit, HYBOND, Permabond LLC. and DELO Industrial Adhesives, LLC among others.
Global Composite Adhesives Market Segmentation:
On the basis of type, global composite adhesives market is segmented into structural and synthetic composite adhesives.
On the basis component, global composite adhesives market is segmented into one-component composite adhesives and two-component composite adhesives.
On the basis of resins, global composite adhesives market is segmented into epoxy, polyurethane, polyamide and others.
On the basis of applications, global composite adhesives market is segmented into automotive & transportation, wind energy, marine and aerospace.
On the basis of geography, global composite adhesives market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
Competitive Analysis: Global Composite Adhesives Market
The global composite adhesives market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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The Global Composite Adhesives Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Composite Adhesives market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.
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