Composite Adhesives Market Analysis

Composite Adhesives Market Analysis

One component composite adhesives market size should witness gains at over 5.3% during projected period. These products do not require mixing & simplifies processing, while being available in paste, liquid and solid forms. One-part adhesive compounds usually require UV light cure, thermal curing and dual curing systems to meet demand specifications. They are designed to eliminate waste, improve productivity along with alleviating mix ratio, working life, weight and shelf life concerns. Epoxy, PU and acrylic structural adhesives are widely used one-part compounds.
 

Two-part composite adhesives market size will grow significantly by 2024 owing to strong application scope in construction, aerospace, marine and automotive industry. They are also known as reactive sealants and are characterized by its ability to self-cure due to its chemical reaction. These structural adhesives are preferred solution for application demanding very high strength from coated, painted, bare or pre-treated metals and composite materials like glass reinforced plastics hence propelling industry size.
 

Composite adhesives market size from epoxy-based compounds should grow at over 5.5% during forecast timeframe pertaining to its large quantity demand from automotive, aerospace and marine industry. Epoxy based compounds are widely popular which can be attributed to its high strength and temperature resistance, relatively low cure temperatures, ease of application, low shrinkage and low cost.
 

Composite adhesives market size from methyl methacrylate (MMA) compounds should generate revenue surpassing USD 360 million by 2024. This growth in product demand can be attributed to its unique property of being able to cure fully and reach full strength at room temperature. MMA excel in bonding metals like stainless steel & aluminum, thermostat composites and thermoplastics. These products also require less surface preparation to obtain optimal bonding along with offering durability, reduced weight, corrosion free, better aesthetics and even distribution of stress over bonded surface. 
 

One-part composite adhesives market size from aerospace application should witness very high gains at over 6% by 2024 owing to growing demand for commercial aircraft in countries like India, China and Brazil. Growing consumer expectations along with progressing air travel demand driven by wealth creation in Asia Pacific and Middle East region should drive commercial aircraft manufacturing sector. Rising global tension and conflicting inter-country relationships have led to growth in demand for defense and military aircrafts driving consumption for composite adhesives.
 

Two-part structural adhesives industry size from automotive joinery application will generate revenues surpassing USD 1 billion by 2024. Strict regulatory regimes in Europe and North America pertaining to emission control and improving fuel efficiency essentially replaces fasteners with sealants driving product demand. Germany automotive industry accounts over 30% of global passenger car production and produced over 15 million vehicles in 2015.
 

Germany polyurethane structural adhesives market size should witness gains at over 3% during projected period. This growth in regional demand can be attributed to its prevalent automotive manufacturing and OEM industry. Germany holds the status of being major automotive manufacturer producing over 5 million passenger cars and over 325,000 trucks and buses. Stringent regional regulatory regimes regarding emission & VOC control along with strong R&D investments surpassing USD 24 billion should propel regional product demand.
 

China acrylic composite adhesives market size should grow significantly at over 7% by 2024. Strong application scope for acrylic based structural adhesives in marine, aerospace and construction industry should drive regional product demand. China construction industry grows at a massive rate of over 17% owing to increasing population and strong infrastructural growth owing to increase in construction for bridges, dams, airports and roads driving regional product demand.