The global Composite Adhesives Market 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 global Composite Adhesives Market 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).
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.
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.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
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, and Huntsman Corp.
The global Composite Adhesives Market is segmented as follows:
By Product
By End-Use
By Region
Request the coronavirus impact analysis across industries and markets
Rise in demand for product in manufacture of FRP bathtubs, doors, windows, and panels will steer composite adhesives industry growth. Surge 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.
According to Zion market research report, the global Composite Adhesives Market 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.
Asia Pacific will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge 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 key market participants include Lord Corp., Henkel AG & Co. KGaA, Bostik, Illinois Tool Works Inc., Dow Inc., Ashland Inc., The 3M Company, Permanbond LLC, and Huntsman Corp.
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