Composite Adhesives Market Overview:
End-user Industries to Drive Global Composite Adhesives Market Ahead: MRFR
Composite adhesives market is picking up space as end-user industries are preferring this component more for its high strength to weight ratio. The global composite adhesives market is expected to scale up substantially during the forecast period (2018-2023), reveals Market Research Future in an in-depth analysis of the composite adhesives market. High mechanical strength and excellent performance in extreme conditions have made these composite adhesives the choicest option for sectors that requires easy fabrication and depends on cost-effectiveness.
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For instance, automotive industry uses composite adhesives in the manufacturing and assembling process of components such as steering wheel, energy absorber, dashboard, instrument cluster, roof, interior and exterior panel, and intelligent lighting systems fabricated by composite materials as it backs the demand for lightweight vehicles. The composite adhesives market can be seen thriving based on such widespread usage.
On the flip side, governments are operating with a firm grip over the composite adhesives market which can prohibit the market growth of composite adhesives. Europe and North America are particularly stringent about the utility of composite adhesives. Furthermore, the volatile market price of the raw materials can bog down the regular growth rate of the composite adhesives market.
Hexcel’s adhesives are doing wonder in industries such as wind blade, marine sector, automotive, molding materials, and automotive. Its latest products such as HexMC-I, HexPly, and HexPly M79 are all using this adhesive for better results.
The global composite adhesives market can be segmented by component, form, product type, end-use industry, and region.
Based on component, the composite adhesives market includes one component and two components.
Form-wise, the global composite adhesives market is segmented into liquid, paste, film, and others.
Based on product type, the global composite adhesives market is segmented into the epoxy, acrylic, polyurethane, methyl methacrylate, polyimide, phenolic, cyanoacrylate, silicone, and others.
Based on the end-user industry, the global composite adhesives market comprises automotive & transportation, aerospace, healthcare, military & defense, electrical & electronics, wind energy, construction, marine, and others.
Region-specific analysis of the composite adhesives market includes Asia Pacific (APAC), North America, Europe, Latin America (LATAM), and the Middle East & Africa (MEA).
North American composite adhesives market is currently leading the global market. The region has infrastructural superiority which helps in the growth of all the industries. The component particularly has drawn attention of sectors such as aerospace, wind energy, electrical & electronics, healthcare, construction & infrastructure, and military & defense.
Europe is also expected to scale the same standard of growth and its industries such as automotive & transportation, electrical & electronics, wind energy, and construction & infrastructure can fuel the growth and ensure prospects of the composite adhesives market. Meanwhile, the APAC market is the fastest growing region, and it can attain substantial revenue during the forecast period. Burgeoning industries in emerging economies can help the market attain unprecedented growth. The construction industry in the LATAM and the MEA are expected to drive the market forward during the assessment period.
The thriving composite adhesives market banks on the prospects fetched by mergers, acquisitions, collaborations, and other strategic methods that companies implement to stay afloat. For instance, Sika AG acquires majority stake in Index Construction Systems and Products, a company based out of Italy with expertise in roofing and waterproofing systems. This would help Sika in expanding their business. H.B. Fuller Company, on the other hand, has acquired Royal Adhesives & Sealants,
Some of the major players operating in the global composite adhesives market are Arkema SA (France), Huntsman International LLC. (U.S.), 3M (U.S.), Ashland. (U.S.), Sika AG (Switzerland), ITW Engineered Polymers GmbH (Germany), Permabond.com (U.S.), Henkel AG & Co. KGaA (Germany), LORD Corporation (U.S.), H.B. Fuller Company. (U.S.), Master Bond Inc (U.S.), and others.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.4 End Users
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Intensity Of Competitive Rivalry
LIST OF TABLES
Table 1 Global Composite Adhesives Market: By Region, 2018-2023
Table 2 North America Composite Adhesives Market: By Country, 2018-2023
Table 3 Europe Composite Adhesives Market: By Country, 2018-2023
Table 4 Asia-Pacific Composite Adhesives Market: By Country, 2018-2023
Table 5 Middle East & Africa Composite Adhesives Market: By Country, 2018-2023
Table 6 Latin America Composite Adhesives Market: By Country, 2018-2023
Table 7 Global Composite Adhesives Component Market: By Regions, 2018-2023
Table 8 North America Composite Adhesives Component Market: By Country, 2018-2023
Table 9 Europe Composite Adhesives Component Market: By Country, 2018-2023
Table10 Asia-Pacific Composite Adhesives Component Market: By Country, 2018-2023
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