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The market trends of the Composite Adhesives industry have been witnessing significant developments, driven by a combination of technological advancements, increasing demand from end-use industries, and a growing emphasis on lightweight and high-performance materials. One notable trend is the rising adoption of composite materials across various sectors, including automotive, aerospace, construction, and electronics. This surge in demand is attributed to the unique properties of composite adhesives, such as high strength, durability, and corrosion resistance, making them an ideal choice for applications requiring structural integrity.
In recent years, the automotive sector has emerged as a key driver for the Composite Adhesives market. With an increasing focus on fuel efficiency and emission reduction, automotive manufacturers are turning to lightweight materials to enhance the performance of vehicles. Composite adhesives play a crucial role in this shift, as they contribute to the overall weight reduction of vehicles while maintaining structural integrity. The aerospace industry is another significant contributor to the market's growth, as composite adhesives are extensively used in the manufacturing of aircraft components, providing a balance between strength and weight.
The construction industry is also witnessing a surge in the use of composite adhesives, especially in applications where traditional materials may not offer the desired combination of strength and flexibility. The trend towards sustainable and eco-friendly construction practices has further propelled the adoption of composite materials, and the associated adhesives play a pivotal role in ensuring the durability and longevity of these structures.
Moreover, the electronics sector has recognized the benefits of composite adhesives in the assembly and bonding of electronic components. The miniaturization trend in electronics demands materials that can provide both mechanical strength and reliable bonding, and composite adhesives fit the bill perfectly. This has led to an increased integration of these adhesives in the manufacturing of electronic devices, contributing to the overall growth of the market.
In addition to end-use industries, technological advancements in the field of composite adhesives are shaping market trends. Manufacturers are continually investing in research and development to enhance the properties of these adhesives, such as improved thermal stability, flame resistance, and faster curing times. This focus on innovation is not only expanding the application areas of composite adhesives but also making them more adaptable to diverse operating conditions.
The Composite Adhesives market is also witnessing a geographical shift in terms of demand. While developed regions like North America and Europe continue to be significant markets, the Asia-Pacific region is emerging as a major growth driver. Rapid industrialization, urbanization, and increasing investments in infrastructure projects in countries like China and India are fueling the demand for composite adhesives in the region.
However, challenges such as volatile raw material prices and the availability of alternative bonding technologies pose potential constraints to market growth. Manufacturers are responding by exploring sustainable sourcing strategies and developing cost-effective formulations to mitigate these challenges.
Composite Adhesives Market Highlights:
Composite Adhesives Market Overview
 The global composite adhesive market size was valued at USD 3.38 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2030. The Composite Adhesives Market is expected to grow at a moderate rate over the next few years. Composite adhesives are the substances used to adhere composites to one another and to a variety of substrates. They come in a variety of forms, including liquid, paste, and film. Based on the number of components, adhesives are divided into two categories. Two-component adhesives consist of a resin and a hardener that can cure at room temperature or at high temperatures. Pre-mixed one-component adhesives can only be cured at high temperatures (usually 250-300°F). Even when exposed to harsh environments, composite adhesives deliver unrivalled mechanical strength and performance. Epoxy adhesives offer good bonding with a variety of substrates, as well as excellent durability and strength with low shrinkage, chemical, heat, and weather resistance, and electrical insulation. Polyurethane adhesives are popular in marine applications because of their ability to bond even in high moisture environments, excellent bonding with non-porous materials like wood, strong UV resistance, and low VOC content. Faster cure, high adhesion, and a strong thermoplastic with great resistance to shear, peel, and impact stresses are all advantages of methyl methacrylate adhesives. The global composite adhesives market is likely to be driven by the rising popularity of composites in various end-use sectors due to their high strength-to-weight ratio, low cost, and ease of manufacturing.
Global Composite Adhesives Market Share in 2017, by Product Type
 
Source: MRFR AnalysisKey Players
Some of the major players operating in the global composite adhesives market are Huntsman International LLC. (U.S.), Ashland. (U.S.), 3M (U.S.), Sika AG (Switzerland), ITW Engineered Polymers GmbH (Germany), Master Bond Inc (U.S.), Henkel AG & Co. KGaA (Germany), LORD Corporation (U.S.), Arkema SA (France), Permabond.com (U.S.), and H.B. Fuller Company. (U.S.).Market Segmentation
The global composite adhesives market is segmented by component, form, product type, end-use industry, and region.
On the basis of the component, the global composite adhesives market is segmented into one component and two component.
On the basis of the form, the global composite adhesives market is segmented into liquid, paste, film, and others.
On the basis of the product type, the global composite adhesives market is segmented into the epoxy, acrylic, polyurethane, methyl methacrylate, polyimide, phenolic, cyanoacrylate, silicone, and others. On the basis of the end-user industry, the global composite adhesives market is segmented into automotive & transportation, aerospace, healthcare, military & defense, electrical & electronics, wind energy, construction, marine, and others. On the basis of the region, the global composite adhesives market is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Regional Analysis
The global composite adhesives market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.Â
North America accounted to have the major market share of the global composite adhesives market in 2017 owing to strong demand from different end-use industries such as aerospace, wind energy, electrical & electronics, healthcare, construction & infrastructure, and military & defense and is expected to exhibit steady growth over the forecast period 2018-2023. Europe was the second largest composite adhesives market after North America in 2017 owing to high demand from end-use industries such automotive & transportation, electrical & electronics, wind energy, and construction & infrastructure and is expected to show steady growth during the forecast period. Asia Pacific is expected to be the fastest growing market for composite adhesives due to rising demand for composites from the growing end-user industries such as automotive & transportation, military & defense, electrical & electronics, wind energy, healthcare, construction & infrastructure, marine & oil & gas and is expected to show bolstering demand over the forecast period. The Middle East & Africa is expected to drive demand mainly from the growing construction & infrastructural industry over the forecast period. Latin America is expected to show high demand mainly from the growing construction industry over the forecast period.
Recent Development
Pidilite Lanka Pvt Limited, a subsidiary of Pidilite Industries Ltd and a recognised manufacturer of adhesives, construction chemicals, and sealants, has introduced Araldite, an epoxy glue line, to the Sri Lankan market in November 2021. Araldite epoxy adhesives are the preferred choice for a wide range of industries and applications. In October 2021, Scott Bader, a well-known chemical company, has purchased a manufacturing facility in Mocksville, Texas, in order to meet the growing local and global demand for composite adhesives and gelcoats.
Intended Audience
- Composite adhesives manufacturers
- Traders and distributors of composite adhesives
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratory
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