Global Composite Adhesive Market, By Component, By Application, By Products, By Geography

Description

The global composite adhesive market size is valued at US$ 3.58 Billion in 2024 and is expected to grow at a CAGR of 6.6% during the forecast period.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2023/2024:	US$ 3.58 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 - 2031
Forecast Period 2023/2024 to 2030/2031 CAGR:	6.60%	2030/2031 Value Projection:	US$ 5.61 Bn

Figure 1. Composite adhesives Market Share (%), by Region, 2023

The composite adhesive market has seen significant growth over the past few years owing to increased adoption across various end-use industries like transportation, building and construction, marine, wind energy, and aerospace. Composite adhesives help bond composite materials like carbon fiber and glass fiber, which are increasingly being used as replacements for metals in many applications due to advantages such as a high strength-to-weight ratio, durability, and corrosion resistance. Moreover, stringent fuel emission norms have necessitated a weight reduction of vehicles, further propelling the use of lightweight composite materials and composite adhesives. Some of the key players operating in the composite adhesive market are Bostik, Dow, Henkel AG & Co. KGaA, and Huntsman Corporation LLC, among others. The market is segmented by product outlook, application outlook, and regional outlook. The major drivers for the market are the increasing investments in electric vehicle production and the construction industry.

Market Dynamics:

The composite adhesive market is driven by factors such as growing consumption of composites in the transportation and wind energy industries, stringent regulations regarding fuel emissions and vehicles weight reduction, and increased adoption of composites as a replacement for metals. However, the high cost of advanced composites and volatility in raw material prices are expected to restrain market growth. The market provides opportunities for material innovation, the development of bio-based and recyclable adhesives, and expansion in emerging economies. The global market has witnessed remarkable growth, primarily driven by the increasing demand for lightweight and fuel-efficient vehicles, the rise in infrastructure development projects, and the growing adoption of composites in different end-use industries.

Key features of the study:

This report provides in-depth analysis of the global composite adhesive market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global composite adhesive market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Henkel AG & Co. KGaA, Master Bond Inc, The Dow Chemical Company, Huntsman Corporation, LORD Corporation, Illinois Tool Works Incorporation-Plexus., Hernon Manufacturing, Inc ., Scott Bader Company Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global composite adhesive market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global composite adhesive market

Detailed Segmentation:

Global Composite Adhesive Market

By component
- One component
- Two component
By Application
- Automotive and Transportation
- Aerospace
- Wind energy
- Marine
- Others
By Products
- Epoxy
- Polyurethane
- Acrylic
- Polyimide
- Phenolic
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Top Companies in the Global Composite Adhesive Market:
- Henkel AG & Co. KGaA,
- SIKA AG,
- Master Bond Inc,
- The Dow Chemical Company,
- Huntsman Corporation,
- LORD Corporation,
- Illinois Tool Works Incorporation-Plexus.
- Hernon Manufacturing, Inc.
- Scott Bader Company Ltd.

Product Code: CMI6598

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Overview

Report Description
- Market Definition and Scope
Executive Summary
- Composite Adhesive Market, By Application
- Composite Adhesive Market, By Product
- Composite Adhesive Market, By Component
- Composite Adhesive Market, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
The growing demand from various end-use
Escalating demand from aerospace and defense industry
- Restraints
Volatility in raw material
Stringent environmental regulations
- Opportunities
New product innovations
Emerging applications in marine and wind energy industries
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Composite Adhesive Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Composite Adhesive Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Energy Storage Systems (ESS)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031, (US$ Bn)
Industrial Applications
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031,(US$ Bn)

6. Composite Adhesive Market, By Component, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Renewable Energy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031, (US$ Bn)
Utilities
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031, (US$ Bn)
Manufacturing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031, (US$ Bn)

7. Composite Adhesive Market, By Product, 2019-2031,(US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Direct Sales
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031, (US$ Bn)
Distributors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031, (US$ Bn)

8. Composite Adhesive Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2024 -2031
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2024-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2024-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2024-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By country, 2024-2031,(US$ Bn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2024-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2024-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2024-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2024-2031, (US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2024-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2024-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2024-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2024-2031, (US$ Bn)
China
India
Japan
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2024-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2024-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Component , 2024-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country , 2024-2031,(US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2024-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2024-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2024-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2024-2031, (US$ Bn)
GCC Countries
Israel
South Africa
North Africa
Central Africa
Rest of Middle East

9. Competitive Landscape

Scott Bader Company Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
LORD Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Illinois Tool Works Incorporation-Plexus
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
The Dow Chemical Company
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Huntsman Corporation.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Hernon Manufacturing, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Master Bond Inc
SIKA AG
Henkel AG & Co. KGaA
Analyst Views

10. Section

Research Methodology
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