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The global Composite Adhesives market is expected to reach USD 2.67 billion by 2025 at a CAGR of 7.42% from 2018 to 2025. Major factors fueling this growth are primarily increasing use of composite adhesives in automotive, aerospace, marine and renewable energy (especially Wind energy) industries.
Market Overview:
Composite Adhesives are utilized mainly for their better adhesion and bonding ability with dissimilar materials. They also look better aesthetically compared to fasteners and welds. Composite also provide better impact resistance and mechanical strength. Owing to aforementioned properties Composite Adhesives will have immense utilization value in next generation of electric vehicle where weight is going to be an immense factor.
Report Description:
Market Dynamics:
Drivers:
Restrains:
Opportunities:
Challenges:
Global Composite Adhesive Market Key Findings:
All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
Segmentation Analysis:
The Composite Adhesives market is segmented on the basis of Resin, component, and application.
The resin segment is further subcategorized into Epoxy, Polyurethanes and other composites. Epoxy based composite adhesives held the largest market share and are bound to witness the fastest growth based on huge demand from automotive, aircraft and wind energy industry. The market Epoxy based composite adhesives is forecasted to grow at a CAGR of 8.92%. Polyurethane Adhesives segment is also witnessing increased demand for marine applications due to its ability to bond in high moisture conditions, superior bonding quality with a non-porous substance like wood, as well as high UV resistance.
Component Segment is divided into one part composite and two part composite adhesives. One-part composite adhesives market is expected to witness growth at a CAGR of 8.14% during the projected period. The reason for this significant growth being, these products do not require any mixing thus simplifying the application process. Epoxy, PU and acrylic are widely used one-part composite adhesives. Two-part composite adhesives market is expected to grow at a significant pace by 2025 due to strong scope for its applications in construction, aerospace, marine and automotive industry. Two part composites are self-curing due to their chemical reaction. Two-part adhesives are preferred for applications that require very high strength adhesion with coated, painted, bare or pre-treated metals and composite materials like glass reinforced plastics.
Application of composite adhesives are further segmented into automotive, aerospace, marine and wind energy industry. Automotive applications market share of composite adhesives market is expected to the mark of USD 969.50 million owing to increasing demand for lightweight fuel efficient cars. Aerospace segment is also bound to witness robust growth as almost half of the aircraft components are joined together with the help of Composite Adhesives. Huge pent-up demand for passenger aircrafts by budget carrier airlines in Asia Pacific region is expected to provide a major boost for Composite Adhesives market.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America leads the global composite adhesives market with total share of 32.28% by revenue followed closely by Asia Pacific and Europe.
Global Composite Adhesives Market Competitive analysis:
Key players in composite adhesives market are Henkel AG & Co. KGaA (Germany), SIKA AG (Switzerland), 3M Company (U.S.), The Dow Chemical Company (U.S.), Huntsman Corporation (U.S.), LORD Corporation (U.S.), and Illinois Tool Works Incorporation-Plexus (U.S.), ITW Engineered Polymers GmbH (Germany), Master Bond Inc (U.S.), Arkema SA (France), and H.B. Fuller Company. (U.S.). To fulfill the automotive and aerospace industry demand for cutting down production cycle time is driving these firms to develop and introduce improved composite adhesives. For instance Henkel AG has developed Loctite UK 2032 and Loctite UK 2015 that are specifically designed to meet automotive performance requirements as well as high volume production demands.
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Scope
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Key Points |
Information |
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Evaluate Market Potential |
Growth Rates (CAGR %) Value (USD Billion) {Market Size} Volume (Kilotons) |
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USP of Report |
Industry and Technology Trends Market Evolution Value Chain Analysis Company Share Analysis Competitive & Vendor landscape SWOT Analysis of Each Company Profit Margin Analysis Analysis of More than 30 Countries for Each Segment |
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Base Year |
2017 |
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Historical Years |
2015-2016 |
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Forecast Period |
2018-2025 |
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Regional Analysis |
North America, Europe, Asia Pacific, South America, and Middle East and Africa |
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Countries Analysis |
U.S., Canada, Mexico, Germany, France, Sweden, Netherlands, U.K., Italy, Spain, Turkey, Switzerland, Belgium, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Brazil, Saudi Arabia, UAE, Egypt, Nigeria, South Africa |
This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global composite adhesives on the basis of below mentioned segments:
Global Composite Adhesives Market by Resins:
Global Composite Adhesives Market by Component:
Global Composite Adhesives Market by Applications:
Global Composite Adhesives Market by Region:
List of Table
List of Figures
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Hi John,
Thanks for the report. We've been going through it and see some good data on the market and players. –
Hi Rahul,
Thank You for the report it is good and beneficial for me.
Thank You in Advance
Dear Siddhartha,
Thank you for your fast reply. The report arrived safe and sound, evrything looks all right.
Thank you very much for your assitance and I will be looking forward to another opportunity for cooperation.
Dear Siddhartha, The report looks good, and we believe the material mix is more realistic now. It is good to know you report “Net” Manufacturing Selling Price, as that can make a difference in how we view the numbers. The reports were great and we appreciate your working with us. Thanks for all your help!
Hi Siddhartha-san, Many thanks for sending trade map with final report. Best regards,
Hello Sapna,
Thanks for the report. We've been going through it and see some good data on the market and players.
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