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The Composite Adhesives Market is experiencing dynamic shifts driven by a confluence of factors that are reshaping its landscape. Composite adhesives play a pivotal role in the manufacturing and assembly of composite materials, offering superior bonding properties and contributing to the overall structural integrity of the final products. One key driver of market dynamics is the increasing demand for lightweight materials across various industries, such as automotive, aerospace, and construction. As industries strive to enhance fuel efficiency, reduce emissions, and improve overall performance, the adoption of composite materials bonded with advanced adhesives becomes crucial.
In the automotive sector, stringent regulations on emissions and the pursuit of electric vehicles are pushing manufacturers to explore lightweight alternatives to traditional metal structures. Composite adhesives prove to be instrumental in achieving weight reduction without compromising on strength and durability. Similarly, in the aerospace industry, where every ounce matters for fuel efficiency, the use of composite materials bonded with high-performance adhesives is becoming more prevalent. The market dynamics are also influenced by the growing trend of sustainable and eco-friendly practices, as composite adhesives often contribute to energy efficiency and recyclability.
Another notable aspect of the market dynamics is the continuous innovation in adhesive technologies. Manufacturers are investing in research and development to formulate adhesives that offer improved strength, flexibility, and resistance to environmental factors. This pursuit of innovation is not only meeting current industry demands but is also future-proofing the market against emerging challenges. The development of bio-based adhesives, in particular, aligns with the broader sustainability goals of industries, further shaping the market dynamics.
The global nature of industries today has led to increased competition, prompting market players to focus on strategic collaborations and partnerships. Composite adhesive manufacturers are forming alliances with raw material suppliers, end-users, and research institutions to strengthen their market presence and gain a competitive edge. This collaborative approach is fostering knowledge exchange, enabling the development of tailored solutions, and expanding the application scope of composite adhesives.
Market dynamics are also influenced by regulatory frameworks that aim to ensure product safety, quality, and environmental compliance. Adhesive manufacturers are adapting to these regulations by incorporating eco-friendly and compliant formulations into their product portfolios. This not only meets regulatory requirements but also enhances market acceptance, as end-users increasingly prioritize sustainable and compliant materials.
The COVID-19 pandemic has introduced an additional layer of complexity to the market dynamics of composite adhesives. The disruptions in global supply chains, fluctuations in demand, and workforce challenges have impacted the production and distribution of these adhesives. However, the market has displayed resilience, with the recovery driven by pent-up demand, accelerated digitalization, and the renewed focus on domestic manufacturing capabilities.
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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