Global Composite Adhesive Market Size study, by Resin (Epoxy, Polyurethane), by Component (One-Component, Two-Component), by Application (Automotive & Transportation, Marine, Aerospace, Wind Energy), and Regional Forecasts 2022-2032

Description

The Global Composite Adhesive Market is valued approximately at USD 1.92 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.90% over the forecast period 2024-2032. Composite adhesives have redefined the manufacturing landscape with their robust bonding capabilities, enabling the integration of diverse materials into high-performance structures. These adhesives offer superior strength-to-weight ratios, durability, and resistance to environmental factors, making them indispensable in industries such as aerospace, automotive, and wind energy. The growing emphasis on lightweight and fuel-efficient designs further propels the demand for composite adhesives, positioning them as pivotal components in advancing sustainable manufacturing practices.

The surging adoption of composite adhesives is driven by their widespread applicability across critical sectors. In the automotive and aerospace industries, these adhesives contribute significantly to weight reduction, enhancing fuel efficiency and reducing carbon emissions. Similarly, the wind energy sector leverages composite adhesives to construct durable, lightweight blades capable of withstanding harsh environmental conditions. Innovations in adhesive formulations, such as the development of eco-friendly and high-temperature-resistant variants, continue to unlock new possibilities for industry players, fostering market expansion.

Regionally, North America stands at the forefront of the composite adhesive market, benefiting from a mature industrial base and robust investments in research and development. The region's aerospace and automotive sectors have particularly embraced these adhesives for their unparalleled efficiency and performance. On the other hand, the Asia Pacific region is experiencing unprecedented growth, propelled by rapid industrialization, rising investments in renewable energy, and burgeoning automotive production. This regional diversity underscores the evolving global demand and strategic opportunities within the composite adhesive market.

Leading market players are actively engaging in innovative practices to stay ahead in this competitive landscape. These strategies include extensive R&D initiatives, collaborations, and mergers and acquisitions aimed at enhancing product portfolios and broadening market reach. With advancements in resin formulations and application technologies, companies are poised to address the dynamic requirements of end-use industries effectively.

Major market players included in this report are:

Henkel AG & Co. KGaA
3M Company
Huntsman Corporation
Bostik SA
Lord Corporation
Sika AG
Scott Bader Co., Ltd.
Permabond LLC
Ashland Global Holdings Inc.
Dymax Corporation
Royal Adhesives & Sealants LLC
Delo Industrial Adhesives
H.B. Fuller Company
Arkema Group
Parson Adhesives Inc.

The detailed segments and sub-segment of the market are explained below:

By Resin:

Epoxy
Polyurethane

By Component:

One-Component
Two-Component

By Application:

Automotive & Transportation
Marine
Aerospace
Wind Energy

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Detailed market estimates and forecasts spanning a decade from 2022 to 2032.
Annualized revenue analysis and granular regional insights for all segments.
Comprehensive geographical breakdown with in-depth country-level analysis.
Insights into competitive dynamics, highlighting key players and their strategies.
Analysis of market trends, opportunities, and challenges, with actionable recommendations.

Chapter 1. Global Composite Adhesive Market Executive Summary 1.1. Global Composite Adhesive Market Size & Forecast (2022-2032)

1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Resin
- 1.3.2. By Component
- 1.3.3. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Composite Adhesive Market Definition and Research Assumptions 2.1. Research Objective

2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Composite Adhesive Market Dynamics 3.1. Market Drivers

3.1.1. Increasing Demand for Lightweight and Fuel-Efficient Designs
3.1.2. Advancements in Resin Formulations
3.1.3. Growing Automotive and Aerospace Industries

3.2. Market Challenges
- 3.2.1. High Production Costs
- 3.2.2. Technical Complexities in Application
3.3. Market Opportunities
- 3.3.1. Expansion in Renewable Energy Sector
- 3.3.2. Innovations in Eco-Friendly Adhesives
- 3.3.3. Growth in Emerging Markets

Chapter 4. Global Composite Adhesive Market Industry Analysis 4.1. Porter's 5 Force Model

4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model
4.1.7. Porter's 5 Force Impact Analysis

4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Composite Adhesive Market Size & Forecasts by Resin 2022-2032 5.1. Segment Dashboard

5.2. Global Composite Adhesive Market: Resin Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Epoxy
- 5.2.2. Polyurethane

Chapter 6. Global Composite Adhesive Market Size & Forecasts by Component 2022-2032 6.1. Segment Dashboard

6.2. Global Composite Adhesive Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. One-Component
- 6.2.2. Two-Component

Chapter 7. Global Composite Adhesive Market Size & Forecasts by Application 2022-2032 7.1. Segment Dashboard

7.2. Global Composite Adhesive Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 7.2.1. Automotive & Transportation
- 7.2.2. Marine
- 7.2.3. Aerospace
- 7.2.4. Wind Energy

Chapter 8. Global Composite Adhesive Market Size & Forecasts by Region 2022-2032 8.1. North America Composite Adhesive Market

8.1.1. U.S. Composite Adhesive Market
- 8.1.1.1. Resin Breakdown Size & Forecasts, 2022-2032
- 8.1.1.2. Component Breakdown Size & Forecasts, 2022-2032
8.1.2. Canada Composite Adhesive Market

8.2. Europe Composite Adhesive Market
- 8.2.1. UK Composite Adhesive Market
- 8.2.2. Germany Composite Adhesive Market
- 8.2.3. France Composite Adhesive Market
- 8.2.4. Spain Composite Adhesive Market
- 8.2.5. Italy Composite Adhesive Market
- 8.2.6. Rest of Europe Composite Adhesive Market
8.3. Asia-Pacific Composite Adhesive Market
- 8.3.1. China Composite Adhesive Market
- 8.3.2. India Composite Adhesive Market
- 8.3.3. Japan Composite Adhesive Market
- 8.3.4. Australia Composite Adhesive Market
- 8.3.5. South Korea Composite Adhesive Market
- 8.3.6. Rest of Asia Pacific Composite Adhesive Market
8.4. Latin America Composite Adhesive Market
- 8.4.1. Brazil Composite Adhesive Market
- 8.4.2. Mexico Composite Adhesive Market
- 8.4.3. Rest of Latin America Composite Adhesive Market
8.5. Middle East & Africa Composite Adhesive Market
- 8.5.1. Saudi Arabia Composite Adhesive Market
- 8.5.2. South Africa Composite Adhesive Market
- 8.5.3. Rest of Middle East & Africa Composite Adhesive Market

Chapter 9. Competitive Intelligence 9.1. Key Company SWOT Analysis

9.1.1. Henkel AG & Co. KGaA
9.1.2. 3M Company
9.1.3. Huntsman Corporation

9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Henkel AG & Co. KGaA
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. 3M Company
- 9.3.3. Huntsman Corporation
- 9.3.4. Bostik SA
- 9.3.5. Lord Corporation
- 9.3.6. Sika AG
- 9.3.7. Scott Bader Co., Ltd.
- 9.3.8. Permabond LLC

Chapter 10. Research Process 10.1. Research Process

10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing

10.2. Research Attributes