Composite Adhesives Market future growth opportunities by 2019-2024
Category: #business  By Sachin Pashte  Date: 2019-08-14
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Composite Adhesives Market future growth opportunities by 2019-2024

The latest trending report on global Composite Adhesives Market research offered by Global Market Insights, inc is an informative study covering the market with detailed analysis, the report will assist reader with better understanding and decision making.

Positive growth drivers pertaining to demand for composite materials in automotive & aircraft manufacturing industry should propel demand for composite adhesives. Rising application scope for these adhesives due to replacement of conventional adhering techniques by use of lightweight composites in lieu of reducing weight & improved performance should drive product demand. Modern aircrafts are manufactured by utilizing over 50% composite materials adopted by major aerospace OEM's including Boeing, Airbus and Bombardier.

Two component composite adhesives market by aerospace application should witness gains at over 6% during forecast period. These adhesives are widely used to attach cured parts to joints like stringers and cured parts such as wing skins in aerospace industry due to its properties such as toughness, stiffness, strength and high-temperature performance. Entry of new players in the aircraft industry will increase production of aircraft owing to rise in demand for aircraft travel along with improved consumer safety and comfort should enhance industry growth prospects of composite adhesives industry.

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One component composite adhesives market for medical application sizes to surpass USD 25 million by 2024. Upsurge in technology development to enhance product application portfolio with introduction of application scope in medical and packaging industry should reinforce product demand. Development of a comprehensive line of epoxies, polyurethane, cyanoacrylates and silicone structural adhesives with the ability to adhere similar & similar substrates and ability to fill gap should boost industry growth. These products are widely used in endoscopes, infusion pumps, IV kits, catheters, imaging equipment and surgical instruments.

North America composite adhesives market should witness significant gains during forecast period owing to its stringent regulatory regimes and growing consumer inclination towards green and renewable energy in advancing automotive and aircraft industry. Rising demand for high-quality structural adhesives with superior product properties should trigger higher product demand in the region.

One component composite adhesives industry should surpass USD 800 million by 2024. Growing demand for one-component adhesives in all clean energy sectors due to its ease of application. It just requires either high temperature for curing or other media such as light and humidity from the surrounding to initiate curing mechanism. These forms of adhesives are highly efficient which takes lesser time for application and cure compared to two component adhesives.

Epoxy based composite adhesives market should witness strong gains at over 5.5% during projected period which can be ascribed to its large quantity demand in automotive, marine and aerospace industry. These products show high strength, temperature resistance, relative low curing time, low shrinkage and cost, thus propelling product demand. Ease of application epoxy-based adhesives should also strengthen product demand.

MMA based composite adhesives industry should grow at a rate of over 4% during projected timeframe. Rising demand for these forms of adhesives in medical and dental application owing to its emulsifying application should drive product demand. MMA have also witnessed concerns regarding its potential toxicity in dental use which may cause mucosal irritation or allergic reaction which may hamper industry growth. Companies producing this form of adhesives have recently developed technologies to reduce these ill-effects thus propelling industry.

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Global composite adhesives industry share is moderately concentrated with presence of industry players like 3M, Permabond, Hexcel, Sika AG, Bostik and DYMAX. These companies usually adopt strategies like mergers & acquisition, joint venture and partnerships to expand their regional presence and production capacity. The companies also heavily invest in R&D for product & application innovations along with reducing production cost.

Partial Chapter of the Table of Content

Chapter 4.  Composite Adhesives Market, By Product

4.1. Global composite adhesives market share by product, 2016 & 2024

4.2. Epoxy

4.2.1. Market estimates and forecast, 2013-2024

4.2.2. Market estimates and forecast, by region, 2013–2024

4.2.3. Market estimates and forecast, by component

4.2.4. Market estimates and forecast, component by application 2013–2024

4.3. Polyurethane

4.3.1. Market estimates and forecast, 2013-2024

4.3.2. Market estimates and forecast, by region, 2013–2024

4.3.3. Market estimates and forecast, by component

4.3.4. Market estimates and forecast, component by application 2013–2024

4.4. Acrylic

4.4.1. Market estimates and forecast, 2013-2024

4.4.2. Market estimates and forecast, by region, 2013–2024

4.4.3. Market estimates and forecast, by component

4.4.4. Market estimates and forecast, component by application 2013–2024

4.5. Silicones

4.5.1. Market estimates and forecast, 2013-2024

4.5.2. Market estimates and forecast, by region, 2013–2024

4.5.3. Market estimates and forecast, by component

4.5.4. Market estimates and forecast, component by application 2013–2024

4.6. Polyimides (BMI)

4.6.1. Market estimates and forecast, 2013-2024

4.6.2. Market estimates and forecast, by region, 2013–2024

4.6.3. Market estimates and forecast, by component

4.6.4. Market estimates and forecast, component by application 2013–2024

4.7. Phenolic

4.7.1. Market estimates and forecast, 2013-2024

4.7.2. Market estimates and forecast, by region, 2013–2024

4.7.3. Market estimates and forecast, by component

4.7.4. Market estimates and forecast, component by application 2013–2024

4.8. MMA

4.8.1. Market estimates and forecast, 2013-2024

4.8.2. Market estimates and forecast, by region, 2013–2024

4.8.3. Market estimates and forecast, by component

4.8.4. Market estimates and forecast, component by application 2013–2024

4.9. Cynoacrylate

4.9.1. Market estimates and forecast, 2013-2024

4.9.2. Market estimates and forecast, by region, 2013–2024

4.9.3. Market estimates and forecast, by component

4.9.4. Market estimates and forecast, component by application 2013–2024

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About Author

Sachin Pashte    

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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