Composite Adhesive Market SWOT Analysis, Trends and Growth Forecast by 2032

 high cost of raw materials, scarcity of experienced labor, and intricate production procedures, are major factors, which could restrain market revenue growth.

The global Composite Adhesive Market size was USD 3.48 Billion in 2022 and is expected to reach USD 4.95 Billion in 2032, and register a rapid revenue CAGR of 4% during the forecast period.

Rising demand for lightweight and high-performance materials in various end-use industries, including aerospace, automotive, and construction, is a major factor driving market revenue growth. Composite adhesives have a number of advantages in comparison to conventional fastening techniques such as welding, riveting, and bolting. These benefits include increased design flexibility, improved strength and durability, and decreased weight, which improves the fuel efficiency of vehicles and aircraft.

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Competitive Landscape:

The global composite adhesive market is highly fragmented, with several large and medium-sized players accounting for a majority of market revenue. Major players are implementing various strategies, such as mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective products to gain a competitive edge. Some of the major companies included in the global composite adhesive market report are:

  • Henkel AG & Co. KGaA
  • 3M
  • Sika AG
  • Dow Chemical Company
  • Huntsman Corporation
  • LORD Corporation
  • AkzoNobel N.V.
  • Arkema Group
  • Bostik
  • Permabond LLC

 Key questions addressed in the report:

·         What is the expected market size of the global Composite Adhesive market during the forecast period?

·         What CAGR is the global market expected to register during the forecast period?

·         Which key factors are expected to boost global market growth between 2021 and 2028?

·         What are the key restraints that are expected to hamper global market growth?

·         Which regional market is expected to register robust CAGR during the forecast period?

·         Which key players are operating the global Composite Adhesive market?

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Composite Adhesive Market Segmentation:

Type Outlook:

  • Epoxy
  • Polyurethane
  • Acrylic
  • Silicone
  • Others

By Application Outlook: 

  • Automotive & Transportation
  • Aerospace & Defense
  • Wind Energy
  • Marine
  • Construction
  • Others

 

Key Regional Markets Covered in the Report:

·         North America (U.S.A., Canada, Mexico)

·         Europe (Italy, U.K., Germany, France, Rest of Europe)

·         Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)

·         Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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