Composite Adhesives Market Size, Share, Growth Report 2032

The global Composite Adhesives Market size accrued earnings worth approximately 3.4 (USD Billion) in 2020 and is predicted to gain revenue of about 5.7(USD Billion) by 2028, is set to record a CAGR of nearly 4.2% over the period from 2021 to 2028. The report offers assessment and analysis of the Composite Adhesives Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

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Composite Adhesives Market: Overview

Composite adhesives find plethora of applications in various end-use sectors such as construction, automotive, manufacturing, consumer goods, and aerospace. For the record, graphite, glass fiber, and carbon fiber are few of majorly used composite adhesives. Moreover, composite adhesives possess huge mechanical strength and are light in weight. The product offers strong bonding among themselves and to other substrates. Moreover, they demonstrate exceptional performance even after getting exposed to high temperatures.

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Composite Adhesives Market: Growth Drivers

Rise in demand for product in manufacture of FRP bathtubs, doors, windows, and panels will steer composite adhesives industry growth. Increase in allocation of funds from state authorities for construction activities will proliferate size of composite adhesives market in forthcoming years. Breakthroughs in additive manufacturing activities have proved to be beneficial for composites, thereby driving industry trends. With massive inclination towards use of green products in vehicle production and demand for low carbon vehicle emissions, the growth of market for composite adhesives is gaining momentum in recent years. Apparently, a prominent increase in utilization of composites in manufacture of wind power is likely to be a key factor of growth for composite adhesives industry in near future.

Furthermore, composite adhesives are also used in racing cars, orthopedic equipment, consumer goods packaging, storage tanks, and perforated panel assembly. This, in turn, will create lucrative growth opportunities for composite adhesive market in foreseeable future. However, onset of COVID-19 pandemic has staggered growth of composite adhesives market in last few years.

Composite Adhesives Market Report Scope:

Composite Adhesives Market: Regional Landscape

Asia Pacific To Dominate Composite Adhesives Market Over 2021-2028

Growth of composite adhesives market in Asia Pacific zone over assessment period is subject to prominent surge in use of product in lightweight constructions. Apart from this, large-scale use of composite adhesives in a slew of end-use industries in China & India and thriving construction sector with strong infrastructure will promulgate scope of market growth in sub-continent. Rise in population in sub-continent is projected to play a key role in leveraging growth of industry in region.

Competitive Landscape

Key players influencing growth of composite adhesives market and profiled in report are 

• Lord Corp.
• Henkel AG & Co. KGaA
• Bostik
• Illinois Tool Works Inc.
• Dow Inc.
• Ashland Inc.
• The 3M Company
• Permanbond LLC
• Huntsman Corp.

The global Composite Adhesives Market is segmented as follows:

By Product

• Acrylic
• Epoxy

By End-Use

• Automotive & Transportation
• Aerospace & Defense  
• Construction
• Electrical & Electronics

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