The Global Composite Adhesives Market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.
North America was the largest market for Composite Adhesives in 2017 and is expected to show steady growth over the forecast period. Strong emphasis on R&D activities has outlined the advantages of composites such as high strength, low weight, low cost, and easy fabrication and therefore, aerospace and wind energy sector are majorly consuming composites for the wide range of applications. High budget allocation for healthcare sector in U.S. is further driving the Composite Adhesives Market for various healthcare applications. Furthermore, construction & renovation industry and military & defense are also majorly contributing to the growth of the regional Composite Adhesives Market.
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Europe was the second largest Composite Adhesives Market across the globe after North America in 2017 owing to growing preference for technologically advanced products and is expected to show considerable growth during the forecast period. Automobile industry is expected to ensure the steady revenue source for Composite Adhesives owing to shift in trend towards replacing metals with composites to increase the fuel efficiency. Similarly, microelectronics industry are majorly consuming composites and thus is expected to drive the Composite Adhesives Market to a large extent during the forecast period. Furthermore, end-use industries such as wind energy, and construction& renovation industry are also contributing significantly to the growth of the Composite Adhesives Market.
Asia Pacific is expected to be the fastest growing market of Composite Adhesives over the forecast period and is expected to grow exponentially over the forecast period. Rising demand of composites In different end-use industries is the key driver to the growth of the Composite Adhesives Market. Countries such as China, India, Japan, South Korea, Taiwan are the major consumers of the regional Composite Adhesives Market owing to their rapid industrialization & urbanization, growing automobile and electrical & electronics industry, relaxed investment norms, low labor cost, growing healthcare sector, and rising disposable income.
The Middle East & Africa is expected to drive the demand for Composite Adhesives mainly from the growing construction & infrastructural industry due to ongoing infrastructural activities in the UAE, Qatar, and Saudi Arabia.
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Latin America is expected to show high demand of Composites Adhesives over the forecast period. Evolving construction industry in Brazil, Mexico, and Venezuela are primarily contributing to the market growth.
Some of the key players 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.).
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.
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