The report "Composite Adhesives Market by Resin (Epoxy, Polyurethane), Component (One-Component, Two-Component), Application (Automotive & Transportation, Marine, Aerospace, Wind Energy), and Region - Global Forecast to 2022", The global composite adhesives market was valued at USD 1.13 Billion in 2016 and is projected to reach USD 1.78 Billion by 2022, at a CAGR of 7.9% from 2017 to 2022.
Browse 104 market data tables and 39 figures spread through 177 pages and in-depth TOC on "Composite Adhesives Market by Resin (Epoxy, Polyurethane), Component (One-Component, Two-Component), Application (Automotive & Transportation, Marine, Aerospace, Wind Energy), and Region - Global Forecast to 2022"
Early buyers will receive 10% customization on reports.
The market is driven by the growing trend of lightweight vehicles and renewable & eco-friendly wind energy generation, along with continuous improvements in the aerospace industry.
Epoxy: Largest Resin Type of the Composite Adhesives Market
In 2016, the epoxy resin type segment accounted for the largest market share in terms of volume, followed by the polyurethane segment. Epoxy resins, which are best suited for rigid bonding, are widely used for bonding components, such as rotor blades of wind turbines, car hoods and doors, cockpits in aircraft, floorings, and aircraft fairings.
One-Component: The Fastest-growing Component Segment of the Composite Adhesives Market
The demand for one-component adhesives is high among all the clean energy sectors. The use of one-component adhesives has increased because they do not require mixing of two components. They just require either high temperature or media (light, humidity) from the surroundings to initiate the curing mechanism. They are more efficient and take lesser time to cure than two-component adhesives.
North America: The Largest Market for Composite adhesives
Currently, the North America region is the largest market for composite adhesives, in terms of both value and volume. The U.S. is the largest market for composite adhesives and Mexico is the fastest-growing market for composite adhesives in the North America region.
The following factors are the main driving forces for the composite adhesives market in the North America region:
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.) are some of the key players in the composite adhesives market.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: [email protected]