Composite Adhesive Trends and Forecast
The future of the global composite adhesive market looks promising with opportunities in the automotive & transportation, aerospace & defense, electrical & electronics, and construction & infrastructure markets. The global composite adhesive market is expected to grow with a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are increasing inclination towards adhesives over conventional binding techniques in various end-user industries and growing adoption of lightweight composites with superior strength and low-density properties in the automotive and aerospace and defense industries.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Composite Adhesive by Segment
The study includes a forecast for the global composite adhesive by product, applications, and region.
Composite Adhesive Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Acrylic
• Epoxy
• Polyurethane
• Cyanoacrylate
• Others
Composite Adhesive Market by Applications [Shipment Analysis by Value from 2018 to 2030]:
• Automotive & Transportation
• Aerospace & Defense
• Electrical & Electronics
• Construction & Infrastructure
• Others
Composite Adhesive Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Composite Adhesive Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies composite adhesive companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the composite adhesive companies profiled in this report include-
• 3M
• Bostik
• Dow
• H.B. Fuller
• Huntsman International
• Illinois Tool Works
• Permabond
Composite Adhesive Market Insights
Lucintel forecasts that epoxy will remain the largest segment over the forecast period due to increasing utilization in numerous end-use industries owing to their ability to withstand extreme environmental conditions.
Within this market, aerospace & defense will remain the largest segment as these adhesive provides strong bonding to the composite materials.
APAC will remain the largest region over the forecast period due to growing requirement for composite-based products in EVs, renewables, aerospace & defense, and construction industries.
Features of the Global Composite Adhesive Market
Market Size Estimates: Composite adhesive market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Composite adhesive market size by product, applications, and region in terms of value ($B).
Regional Analysis: Composite adhesive market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, applications, and regions for the composite adhesive market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the composite adhesive market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for composite adhesive market?
Answer: The global composite adhesive market is expected to grow with a CAGR of 7.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the composite adhesive market?
Answer: The major drivers for this market are increasing inclination towards adhesives over conventional binding techniques in various end-user industries and growing adoption of lightweight composites with superior strength and low-density properties in the automotive and aerospace and defense industries.
Q3. What are the major segments for composite adhesive market?
Answer: The future of the composite adhesive market looks promising with opportunities in the automotive & transportation, aerospace & defense, electrical & electronics, and construction & infrastructure markets.
Q4. Who are the key composite adhesive market companies?
Answer: Some of the key composite adhesive companies are as follows:
• 3M
• Bostik
• Dow
• H.B. Fuller
• Huntsman International
• Illinois Tool Works
• Permabond
Q5. Which composite adhesive market segment will be the largest in future?
Answer: Lucintel forecasts that epoxy will remain the largest segment over the forecast period due to increasing utilization in numerous end-use industries owing to their ability to withstand extreme environmental conditions.
Q6. In composite adhesive market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to growing requirement for composite-based products in EVs, renewables, aerospace & defense, and construction industries.
Q.7 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the composite adhesive market by product (acrylic, epoxy, polyurethane, cyanoacrylate, and others), applications (automotive & transportation, aerospace & defense, electrical & electronics, construction & infrastructure, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Composite Adhesive Market, Composite Adhesive Market Size, Composite Adhesive Market Growth, Composite Adhesive Market Analysis, Composite Adhesive Market Report, Composite Adhesive Market Share, Composite Adhesive Market Trends, Composite Adhesive Market Forecast, Composite Adhesive Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.