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Research analysis on the global composite adhesives market identifies that the rising need for new aircraft will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of more than 7% by 2021. The growth in the usage of composite products in manufacturing aircrafts increases the need for composite adhesives. Composite adhesives are widely used to attach joints to cured parts, such as stringers and uncured parts such as wing skins owing to their properties such as stiffness, strength, toughness, and high-temperature performance. With the entry of new players, the aircraft industry will witness an increase in the production of new aircraft. Additionally, the focus of the existing players to renovate or buy new models to improve the safety and comfort of the passengers will also enhance the growth prospects of this market.
In terms of geographic regions, the Americas will be the major revenue contributor of the composite adhesives market throughout the forecast period. The rising utilization of composite adhesives in applications such as industrial machinery, leaf spring, cascades for engines, replacement of welded tubes, and medical devices will drive the growth of the composite products market in the region. Additionally, the need for high-quality composite adhesives that offer superior properties has also fueled the growth of the composite adhesives market in the Americas.
Owing to the presence of many major and regional vendors, the composite adhesives market appears to be highly fragmented. One of the major vendors Huntsman International designs, manufactures, and markets many organic and inorganic chemical products all over the world. The company offers a comprehensive range of high-performance epoxy-, polyurethane-, and methyl methacrylate-based adhesives that are used in aerospace, industrial, and consumer applications.
The leading vendors in the market are -
The other prominent vendors in the market are Arkema, DELO, Dymax, Engineered Bonding Solutions, Gurit, H.B.Fuller, Hexcel, Hybond, LORD, Master Bond, Parson Adhesives, Permabond, SCIGRIP, and Scott Bader Company.
During 2016, the automotive and transportation segment accounted for the major shares of the composite adhesives market. The increasing usage of adhesives to join composites and plastics and their advantages that provide reduction in weight, control emissions, and provide better impact resistance, will contribute to the growth of this industry segment in the coming years.
According to this market research report, the epoxy resin segment will account for the maximum shares of the composite adhesives market until 2021. Epoxy adhesives are in high demand due to their properties such as superior chemical and heat resistance and electrical insulation capabilities. It is mostly used in application including building and constructions, in the rotor blades of wind turbines, aircraft fairing, car hoods and doors, and cockpits.
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The upcoming report on the global composite adhesives market is an integral part of Technavio's chemicals and materials industry which consists of numerous reports from similar markets such as additives, adhesives, and sealants. The upcoming research report on the global composite adhesives market explores the market size, market growth potential and emerging geographical regions to provide valuable decision inputs to the client.
Research analyst at Technavio involves in exhaustive secondary research activities by thoroughly analyzing proprietary tools and database, research journals, industry reports, and webinars and podcasts. After getting a composite overview of the market, they also carry out further primary research to analyze the upcoming trends, identify key drivers and challenges faced by vendors operating in this market.
The upcoming report on the global composite adhesives market also identifies key vendors as well as minor players affecting the competitive landscape such as Henkel, Sika, 3M, Dow, Lord, and Huntsman. The report also gathers detailed market information data and insights from geographic regions such as the Americas, APAC, and EMEA to present a complete geographic segmentation analysis of the global market. Our analysts believe that increasing demand for lightweight and low carbon emitting vehicles might raise the demand for composite adhesivess over the next few years.
The upcoming industry research report on the global composite adhesives market also analyzes other business intelligence factors such as profits, technology, product, distributions, as well as opportunities and challenges faced by the industry. Technavio also provides deep-dive market assessments into the sectors such as metals and minerals, plastics, polymers, and elastomers, and glass and ceramics.
Our market research methodology for the global composite adhesives market
Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Market segmentation by resin type
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
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