Marine Adhesives Market Size, Share, Trends, Growth 2032
Marine Adhesives Market By Resin Type (Polyurethane, Acrylic, Epoxy, and Others), By Substrate Type (Metals, Composites, Plastics, and Others), By Vessel (Cargo Ships, Passenger Ships, Boats, and Others), By Application (Panel Bonding, Glazing, Deck Systems, and Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032-
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 110.93 Billion | USD 163.44 Billion | 4.4% | 2023 |
Marine Adhesives Market Insights
According to Zion Market Research, the global Marine Adhesives Market was worth USD 110.93 Billion in 2023. The market is forecast to reach USD 163.44 Billion by 2032, growing at a compound annual growth rate (CAGR) of 4.4% during the forecast period 2024-2032.
The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Marine Adhesives industry over the next decade.
The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on value (USD Billion).
Marine Adhesives Market : Overview
Marine adhesives are employed for marine applications. Furthermore, the product offers high bonding strength to materials, resistance against UV rays, capacity to absorb vibrations, and high paint compatibility. In addition to this, the product has proved to be effective in environments that get exposed to moisture.
Apart from this, these compounds are massively utilized in the construction & repairing of commercial boats, cruise ships, and leisure boats & yachts. The product imparts strength, durability, weather resistance, and stability to the teakwood-artificial deck bonding, inflatable bonding, and portholes & windows as well as deck-to-spider hulls bonds.
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Marine Adhesives Market : Growth Dynamics
Humungous utility of marine adhesives for bonding metal, composites, and plastic surfaces is anticipated to espouse market growth over the forthcoming years. Apart from this, a prominent surge in the popularity of amended passenger vessels will prop up the industry expansion over the years ahead. The massive popularity of underwater adventure sports activities coupled with a surge in expenditure on modification activities will proliferate the use of marine adhesives in the shipping industry over the ensuing years.
In addition to this, large-scale utilization of polyurethane adhesives for various bonding purposes will proliferate the expansion of the marine adhesive industry over the assessment timeline. Nevertheless, a large number of marine adhesives possess a specific temperature interval and can only be utilized within that temperature range and this is likely to create hurdles in the market growth path over the forthcoming years.
Marine Adhesives Market: Report Scope
| Report Attributes | Report Details |
|---|---|
| Report Name | Marine Adhesives Market |
| Market Size in 2023 | USD 110.93 Billion |
| Market Forecast in 2032 | USD 163.44 Billion |
| Growth Rate | CAGR of 4.4% |
| Number of Pages | 110 |
| Key Companies Covered | H.B. Fuller, Chemique Adhesives & Sealants, Engineered Bonding Solutions, Scott Bader, LORD Corporation, Henkel, 3M, Sika, ITW, Huntsman, WEICON, Bostik, Ashland, and MAPEI |
| Segments Covered | By Resin Type, By Substrate Type, By Vessel, By Application And By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2023 |
| Historical Year | 2018 to 2022 |
| Forecast Year | 2024 - 2032 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Asia Pacific To Contribute Majorly Towards Overall Market Share By 2032
The growth of the market in the region over the estimated timeline is due to the large-scale usage of the product in the region. In addition to this, economies like Taiwan, China, Vietnam, South Korea, Philippines, and Japan are some of the major manufacturers of the ships and water boats. This will further create lucrative growth avenues for the marine adhesives industry in Asia Pacific zone over the forecast timespan.
Marine Adhesives Market: Competitive Analysis
The global marine adhesives market is dominated by players like:
- H.B. Fuller
- Chemique Adhesives & Sealants
- Engineered Bonding Solutions
- Scott Bader
- LORD Corporation
- Henkel
- 3M
- Sika
- ITW
- Huntsman
- WEICON
- Bostik
- Ashland
- MAPEI
The global marine adhesives market is segmented as follows:
By Resin Type
- Epoxy
- Polyurethane
- Acrylic
- Others
By Substrate Type
- Plastics
- Composites
- Metals
- Others
By Vessel
- Boats
- Passenger Ships
- Cargo Ships
- Others
By Application
- Glazing
- Deck Systems
- Panel Bonding
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content
Methodology
FrequentlyAsked Questions
Marine adhesives are adhesives that are specifically engineered for use in maritime environments. They are designed to endure extreme temperatures, moisture, and salinity. Marine adhesives are employed in a variety of marine vessel applications, such as bonding, sealing, and repairing, including yachts, ships, and other marine vessels.
The demand for high-performance adhesives for new builds, maintenance, and repairs is driven by the expansion of the marine and shipping sectors, which includes commercial shipping and recreational watercraft.
According to Zion Market Research, the global Marine Adhesives Market was worth USD 110.93 Billion in 2023. The market is forecast to reach USD 163.44 Billion by 2032.
According to Zion Market Research, the global Marine Adhesives Market a compound annual growth rate (CAGR) of 4.4% during the forecast period 2024-2032.
The growth of the market in the region over the estimated timeline is due to the large-scale usage of the product in the region. In addition to this, economies like Taiwan, China, Vietnam, South Korea, Philippines, and Japan are some of the major manufacturers of the ships and water boats. This will further create lucrative growth avenues for the marine adhesives industry in Asia Pacific zone over the forecast timespan.
Key players influencing the market growth and profiled in the report include H.B. Fuller, Chemique Adhesives & Sealants, Engineered Bonding Solutions, Scott Bader, LORD Corporation, Henkel, 3M, Sika, ITW, Huntsman, WEICON, Bostik, Ashland, and MAPEI.
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