Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.99 Billion | USD 3.44 Billion | 5.63% | 2024 |
The global Composite Adhesives Market size was worth around USD 1.99 Billion in 2024 and is predicted to grow to around USD 3.44 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 5.63% between 2025 and 2034. The report analyzes the global composite adhesives market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the composite adhesives industry.
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 2024 to 2034 based on revenue (USD Billion).
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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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.
Report Attributes | Report Details |
---|---|
Report Name | Composite Adhesives Market |
Market Size in 2024 | USD 1.99 Billion |
Market Forecast in 2034 | USD 3.44 Billion |
Growth Rate | CAGR of 5.63% |
Number of Pages | 187 |
Key Companies Covered | BASF SE (Germany), 3M Company (U.S.), Huntsman Corporation (U.S.), ExxonMobil Corporation (U.S.), and The Dow Chemical Company (U.S.), 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.), and others. |
Segments Covered | By Resin, By Component, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific To Dominate Composite Adhesives Market Over 2025 and 2034
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.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the composite adhesives market on a global and regional basis.
Key players influencing growth of composite adhesives market and profiled in report are
By Product
By End-Use
By Region
FrequentlyAsked Questions
The global composite adhesives market is expected to grow due to increasing demand for lightweight and high-strength materials in the automotive and aerospace industries for improved fuel efficiency and performance, the growing adoption of composites in wind energy and marine applications, and advancements in adhesive technology offering enhanced bonding capabilities for diverse composite materials.
According to a study, the global composite adhesives market size was worth around USD 1.99 Billion in 2024 and is expected to reach USD 3.44 Billion by 2034.
The global composite adhesives market is expected to grow at a CAGR of 5.63% during the forecast period.
North America is expected to dominate the composite adhesives market over the forecast period.
Leading players in the global composite adhesives market include BASF SE (Germany), 3M Company (U.S.), Huntsman Corporation (U.S.), ExxonMobil Corporation (U.S.), and The Dow Chemical Company (U.S.), 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.), among others.
The report explores crucial aspects of the composite adhesives market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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