Report Code: CMI41687

Published Date: February 2024

Pages: 320+

Category: Chemicals And Materials

Report Snapshot

CAGR: 5.4%
3.5B
2022
3.9B
2023
6.6B
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Henkel AG & Co. KGaA
  • 3M Company
  • Sika AG
  • Huntsman Corporation
  • B. Fuller Company
  • Others

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Reports Description

Global Composite Adhesives Market was valued at USD 3.9 Billion in 2023 and is expected to reach USD 6.6 Billion by 2032, at a CAGR of 5.4% during the forecast period 2023 – 2032.

Composite adhesive is a type of glue designed particularly for attaching composite materials. Composite materials are designed materials built from two or more constituent materials having considerably distinct chemical or physical properties, which when combined, generate a material with qualities that differ from the separate components.

Composite Adhesives Market: Growth Factors

Rising adoption of composites in aerospace and defense applications

The increasing use of composite substances in aerospace and defense applications has a substantial influence on the composite adhesive industry.

Composite materials provide various benefits, including a substantial strength-to-weight ratio, corrosion resistance, and design flexibility, which makes them excellent for use in aviation and military systems where performance and dependability are critical.

As the need for lighter, more fuel-efficient aircraft and innovative military technology increases, so does the need for dependable bonding solutions to connect these composite components.

Composite adhesives play an important role in maintaining the integrity and longevity of these structures by forming strong, lightweight, and long-lasting connections.

The expanding use of composite in aerospace and defense applications stimulates the demand for specialist composite adhesives that evolved to the rigorous meet the stringent performance requirements of these industries, thereby driving the growth of the composite adhesive market.

For instance, The US Department of Defense revealed a $3.7 million contract with Qarbon to assist with the development and building of revolutionary lightweight continuous fibre thermoplastic composite structures for national defense aviation applications.

The use of composites reduces the loss of efficiency usually associated with traditional bleed-air systems and allows great flexibility when optimizing the assembly for different components or aircraft. It also offers increased manufacturing, durability, dependability, and simplicity of maintenance.

Emerging applications in the marine and wind energy industries

Emerging applications in the maritime and wind power industries are major drivers of the composite adhesive industry. Composite materials are increasingly employed in boat construction because of their lightweight, corrosion-resistant, and high strength qualities.

Composite adhesives are vital in attaching these components, guaranteeing structural integrity and longevity in hostile maritime conditions. Furthermore, in the wind energy industry, composite components are widely used in the production of wind turbine blades to improve effectiveness and durability.

Composite adhesives make it easier to attach diverse composite components to these blades, resulting in greater structural stability and endurance. As the need for renewable energy sources develops, notably offshore wind farms, the necessity for dependable composite adhesives will continue to climb, pushing innovation and growth in the composite adhesive market.

For instance, the study conducted by the Subcomponent Validation of Composite Joints for the Marine Energy Advanced Materials Project. The study gathered much-needed information on the benefits and drawbacks of around 300 distinct specimens made from materials typically utilized in marine energy devices.

These include steel and fiberglass composites (made up of glass fibers and polymers that may harden permanently), as well as the adhesives that hold them together.

Composite Adhesives Market: Restraints

Fluctuating prices of raw materials

Raw material price fluctuations have a substantial impact on the composite adhesive industry in a variety of ways.  Sharp rises in raw material prices might raise composite adhesive production costs, thus limiting manufacturers’ profit margins.

This can lead to higher pricing for customers, making composite adhesives less competitive when compared to other bonding methods. In addition, fluctuating raw material costs can cause market uncertainty, making it difficult for firms to plan their schedules and properly control inventory levels.

This uncertainty may also cause changes in supply and demand, affecting the overall stability of the composite adhesive market. Henceforth above mentioned factors hinder the global composite adhesive market.

Global Composite Adhesives Market 2023–2032 (By Component)

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Composite Adhesives Market: Opportunities

Continuous innovation and the development in adhesive

Continuous research and development are critical to fostering the expansion of the composite adhesive industry. As sectors such as aerospace, automotive, and construction use composite materials more often for their lightweight and high-strength qualities, the need for improved adhesive solutions grows.

Manufacturers engage in R&D to produce composite adhesives with high bonding strength, endurance, and compatibility with a variety of composite substrates. Improvements in formulation and application procedures result in sealants that can survive harsh weather conditions, temperature changes, and mechanical loads.

Furthermore, advances in nanotechnology and materials science help to increase adhesive qualities, such as stickiness and fatigue resistance.

These continuous developments do not solely serve current industry demands as well as predict future requirements, promoting market expansion and allowing the widespread adoption of composite materials across diverse industries.

For instance, Bostik recently released the R-SAF line, which is a new generation of recyclable structural MMA adhesives. This range may be reused in conjunction with Elium® resin-based composites using mechanical or chemical methods, enabling the Group to provide a one-of-a-kind solution for true circular composites.

Arkema has partnered with 9T Labs (Zurich), a start-up specialized in 3D printing and thermoplastic composites, to provide its outstanding performance polymer Kepstan® PEKK. 9T Labs has created a technique that automates composite production with additive manufacturing (AM) and powerful software techniques.

Global Composite Adhesives Market 2023–2032 (By Application)

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Composite Adhesives Market: Segmentation Analysis

The global Composite Adhesives market is segmented by resin, application, and region.  Based on resin, the market is classified into epoxy, polyurethane, acrylic, polyimide, phenolic, and others. Epoxy dominated the market in 2022 with a market share of 40% and is expected to keep its dominance during the forecast period 2024-2032.

Epoxy-based composite adhesives have substantially driven the synthetic adhesive market due to their outstanding bonding properties and versatility.

Epoxy adhesives have great strength, and good adhesion to a broad range of substrates, including composites, metals, and plastics, and are resistant to a variety of environmental conditions such as moisture, chemicals, and severe temperatures.

These features make epoxy adhesives perfect for attaching composite materials in sectors that include aerospace, automotive, marine, and construction. In addition, epoxy adhesives may be modified with additives to improve certain performance qualities such as flexibility or heat conductivity, hence broadening their application.

The increased need for lightweight, high-performance materials in a variety of sectors has accelerated the use of epoxy-based composite glues, resulting in market expansion and domination in the composites adhesive sector.

Based on application, the market is classified into automotive, aerospace, wind energy, marine, and others. The automotive segment dominated the market in 2022 with a market share of 45% and is expected to keep its dominance during the forecast period 2024-2032.

The automotive sector is a major driver of the composite adhesive market, owing to the growing need for lightweight materials to enhance fuel economy and decrease emissions. Composite materials, such as carbon fiber and fiberglass, provide a tempting answer to this requirement since they are both lightweight and robust.

Composite adhesives serve an important role in binding these materials, assuring strength and longevity in automobile components such as body panels, chassis, and interior trim.

Furthermore, composite adhesives have features like as corrosion resistance, vibration damping, and design flexibility, making them more appealing to automobile producers. As the automotive industry prioritizes reducing weight and sustainability, demand for composite adhesives is likely to rise, fuelling creativity and advances in this market sector.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 3.9 Billion
Projected Market Size in 2032 USD 6.6 Billion
Market Size in 2022 USD 3.5 Billion
CAGR Growth Rate 5.4% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Resin, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Composite Adhesives Market: Regional Analysis

By region, Composite Adhesives market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.

The Asia-Pacific dominated the global Composite Adhesives market in 2022 with a market share of 45% in 2022 and is expected to keep its dominance during the forecast period 2024-2032.

The region is seeing tremendous industrialization and infrastructural development, which is driving up the need for inexpensive and high-performance substances like composites in industries such as automotive, aircraft, construction, and wind energy.

In addition, the increased emphasis on fuel efficiency and sustainability is boosting the development of composite materials, which in turn increases the demand for specialist adhesives to successfully glue these materials together.

Furthermore, the existence of major manufacturing center in countries such as South Korea, China, Japan, and India drives market expansion by creating a favourable environment for composite adhesive research, development, and manufacture.

Furthermore, increasing expenditures in technical developments and the growth of end-user industries in the region contribute to the continued expansion of the composite adhesive market in the Asia-Pacific region.

Global Composite Adhesives Market 2023–2032 (By Billion)

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 Composite Adhesives Market: Recent Developments

  • In February 2022, Venturi Aviation collaborated with Airborne, a business that provides innovative composite solutions, to use lightweight composite structures for an all-electric commuter aircraft, Echelon 01.
  • In February 2023, Henkel AG & Co. KGaA announced a collaboration with the International Centre for Industrial Transformation’s participation program. The business’s adhesive technologies business department wants to employ INCIT’s tools and frameworks to accelerate its processes’ digital transformation by joining INCIT’s partner network.
  • In March 2022, 3M, a diversified technology business, introduced their new Scotch-Weld Multi-Material Composite Urethane Adhesive DP6310NS. This glue is intended for attaching a variety of composite components and has good impact resistance and durability.

List of the prominent players in the Composite Adhesives Market:

  • Henkel AG & Co. KGaA
  • 3M Company
  • Sika AG
  • Huntsman Corporation
  • B. Fuller Company
  • LORD Corporation
  • Permabond Engineering Adhesives
  • L&L Products Inc.
  • Scott Bader Company Ltd.
  • Gurit Holding AG
  • Hexcel Corporation
  • Dow Chemical Company
  • Arkema Group
  • Ashland Global Holdings Inc.
  • Avery Dennison Corporation
  • Mitsubishi Chemical Corporation
  • Toray Industries, Inc.
  • Solvay S.A.
  • ITW Performance Polymers
  • Jowat SE
  • Others

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

The Composite Adhesives Market is segmented as follows:

By Resin

  • Epoxy
  • Polyurethane
  • Acrylic
  • Polyimide
  • Phenolic
  • Others

By Application

  • Automotive
  • Aerospace
  • Wind Energy
  • Marine
  • Others

By Component

  • One-Component
  • Two-Component

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Composite Adhesives Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Composite Adhesives Market: snapshot
  • Chapter 3. Global Composite Adhesives Market – Industry Analysis
    • 3.1 Composite Adhesives Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rising adoption of composites in aerospace and defense applications
      • 3.2.2 Emerging applications in the marine and wind energy industries
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Resin
      • 3.7.2 Market Attractiveness Analysis By Application
  • Chapter 4. Global Composite Adhesives Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Composite Adhesives Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Composite Adhesives Market – Resin Analysis
    • 5.1 Global Composite Adhesives Market Overview: By Resin
      • 5.1.1 Global Composite Adhesives Market Share, By Resin, 2022 and – 2033
    • 5.2 Epoxy
      • 5.2.1 Global Composite Adhesives Market by Epoxy, 2024 – 2033 (USD Billion)
    • 5.3 Polyurethane
      • 5.3.1 Global Composite Adhesives Market by Polyurethane, 2024 – 2033 (USD Billion)
    • 5.4 Acrylic
      • 5.4.1 Global Composite Adhesives Market by Acrylic, 2024 – 2033 (USD Billion)
    • 5.5 Polyimide
      • 5.5.1 Global Composite Adhesives Market by Polyimide, 2024 – 2033 (USD Billion)
    • 5.6 Phenolic
      • 5.6.1 Global Composite Adhesives Market by Phenolic, 2024 – 2033 (USD Billion)
    • 5.7 Others
      • 5.7.1 Global Composite Adhesives Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Composite Adhesives Market – Application Analysis
    • 6.1 Global Composite Adhesives Market Overview: By Application
      • 6.1.1 Global Composite Adhesives Market Share, By Application, 2022 and – 2033
    • 6.2 Automotive
      • 6.2.1 Global Composite Adhesives Market by Automotive, 2024 – 2033 (USD Billion)
    • 6.3 Aerospace
      • 6.3.1 Global Composite Adhesives Market by Aerospace, 2024 – 2033 (USD Billion)
    • 6.4 Wind energy
      • 6.4.1 Global Composite Adhesives Market by Wind Energy, 2024 – 2033 (USD Billion)
    • 6.5 Marine
      • 6.5.1 Global Composite Adhesives Market by Marine, 2024 – 2033 (USD Billion)
    • 6.6 Others
      • 6.6.1 Global Composite Adhesives Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 7. Composite Adhesives Market – Regional Analysis
    • 7.1 Global Composite Adhesives Market Regional Overview
    • 7.2 Global Composite Adhesives Market Share, by Region, 2022 & – 2033 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Composite Adhesives Market, 2024 – 2033 (USD Billion)
        • 7.3.1.1 North America Composite Adhesives Market, by Country, 2024 – 2033 (USD Billion)
    • 7.4 North America Composite Adhesives Market, by Resin, 2024 – 2033
      • 7.4.1 North America Composite Adhesives Market, by Resin, 2024 – 2033 (USD Billion)
    • 7.5 North America Composite Adhesives Market, by Application, 2024 – 2033
      • 7.5.1 North America Composite Adhesives Market, by Application, 2024 – 2033 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Composite Adhesives Market, 2024 – 2033 (USD Billion)
        • 7.6.1.1 Europe Composite Adhesives Market, by Country, 2024 – 2033 (USD Billion)
    • 7.7 Europe Composite Adhesives Market, by Resin, 2024 – 2033
      • 7.7.1 Europe Composite Adhesives Market, by Resin, 2024 – 2033 (USD Billion)
    • 7.8 Europe Composite Adhesives Market, by Application, 2024 – 2033
      • 7.8.1 Europe Composite Adhesives Market, by Application, 2024 – 2033 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Composite Adhesives Market, 2024 – 2033 (USD Billion)
        • 7.9.1.1 Asia Pacific Composite Adhesives Market, by Country, 2024 – 2033 (USD Billion)
    • 7.10 Asia Pacific Composite Adhesives Market, by Resin, 2024 – 2033
      • 7.10.1 Asia Pacific Composite Adhesives Market, by Resin, 2024 – 2033 (USD Billion)
    • 7.11 Asia Pacific Composite Adhesives Market, by Application, 2024 – 2033
      • 7.11.1 Asia Pacific Composite Adhesives Market, by Application, 2024 – 2033 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Composite Adhesives Market, 2024 – 2033 (USD Billion)
        • 7.12.1.1 Latin America Composite Adhesives Market, by Country, 2024 – 2033 (USD Billion)
    • 7.13 Latin America Composite Adhesives Market, by Resin, 2024 – 2033
      • 7.13.1 Latin America Composite Adhesives Market, by Resin, 2024 – 2033 (USD Billion)
    • 7.14 Latin America Composite Adhesives Market, by Application, 2024 – 2033
      • 7.14.1 Latin America Composite Adhesives Market, by Application, 2024 – 2033 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Composite Adhesives Market, 2024 – 2033 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Composite Adhesives Market, by Country, 2024 – 2033 (USD Billion)
    • 7.16 The Middle-East and Africa Composite Adhesives Market, by Resin, 2024 – 2033
      • 7.16.1 The Middle-East and Africa Composite Adhesives Market, by Resin, 2024 – 2033 (USD Billion)
    • 7.17 The Middle-East and Africa Composite Adhesives Market, by Application, 2024 – 2033
      • 7.17.1 The Middle-East and Africa Composite Adhesives Market, by Application, 2024 – 2033 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Henkel AG & Co. KGaA
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 3M Company
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Sika AG
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Huntsman Corporation
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 H.B. Fuller Company
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 LORD Corporation
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Permabond Engineering Adhesives
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 L&L Products Inc.
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Scott Bader Company Ltd.
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Gurit Holding AG
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Hexcel Corporation
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 Dow Chemical Company
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments
    • 8.13 Arkema Group
      • 8.13.1 Overview
      • 8.13.2 Financials
      • 8.13.3 Product Portfolio
      • 8.13.4 Business Strategy
      • 8.13.5 Recent Developments
    • 8.14 Ashland Global Holdings Inc.
      • 8.14.1 Overview
      • 8.14.2 Financials
      • 8.14.3 Product Portfolio
      • 8.14.4 Business Strategy
      • 8.14.5 Recent Developments
    • 8.15 Avery Dennison Corporation
      • 8.15.1 Overview
      • 8.15.2 Financials
      • 8.15.3 Product Portfolio
      • 8.15.4 Business Strategy
      • 8.15.5 Recent Developments
    • 8.16 Mitsubishi Chemical Corporation
      • 8.16.1 Overview
      • 8.16.2 Financials
      • 8.16.3 Product Portfolio
      • 8.16.4 Business Strategy
      • 8.16.5 Recent Developments
    • 8.17 Toray Industries Inc.
      • 8.17.1 Overview
      • 8.17.2 Financials
      • 8.17.3 Product Portfolio
      • 8.17.4 Business Strategy
      • 8.17.5 Recent Developments
    • 8.18 Solvay S.A.
      • 8.18.1 Overview
      • 8.18.2 Financials
      • 8.18.3 Product Portfolio
      • 8.18.4 Business Strategy
      • 8.18.5 Recent Developments
    • 8.19 ITW Performance Polymers
      • 8.19.1 Overview
      • 8.19.2 Financials
      • 8.19.3 Product Portfolio
      • 8.19.4 Business Strategy
      • 8.19.5 Recent Developments
    • 8.20 Jowat SE
      • 8.20.1 Overview
      • 8.20.2 Financials
      • 8.20.3 Product Portfolio
      • 8.20.4 Business Strategy
      • 8.20.5 Recent Developments
    • 8.21 Others.
      • 8.21.1 Overview
      • 8.21.2 Financials
      • 8.21.3 Product Portfolio
      • 8.21.4 Business Strategy
      • 8.21.5 Recent Developments
List Of Figures

Figures No 1 to 25

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Henkel AG & Co. KGaA
  • 3M Company
  • Sika AG
  • Huntsman Corporation
  • B. Fuller Company
  • LORD Corporation
  • Permabond Engineering Adhesives
  • L&L Products Inc.
  • Scott Bader Company Ltd.
  • Gurit Holding AG
  • Hexcel Corporation
  • Dow Chemical Company
  • Arkema Group
  • Ashland Global Holdings Inc.
  • Avery Dennison Corporation
  • Mitsubishi Chemical Corporation
  • Toray Industries, Inc.
  • Solvay S.A.
  • ITW Performance Polymers
  • Jowat SE
  • Others

FAQs

The restraints of the Composite Adhesives market is fluctuating prices of raw materials.

The major driver for the Composite Adhesives market is rising adoption of composites in aerospace and defense applications and emerging applications in the marine and wind energy industries.

The “Epoxy” category dominated the market in 2022.

The key players in the market are Henkel AG & Co. KGaA, 3M Company, Sika AG, Huntsman Corporation, H.B. Fuller Company, LORD Corporation, Permabond Engineering Adhesives, L&L Products Inc., Scott Bader Company Ltd., Gurit Holding AG, Hexcel Corporation, Dow Chemical Company, Arkema Group, Ashland Global Holdings Inc., Avery Dennison Corporation, Mitsubishi Chemical Corporation, Toray Industries, Inc., Solvay S.A., ITW Performance Polymers, Jowat SE, Others.

“Asia-Pacific” had the largest share in the Composite Adhesives Market.

The global market is projected to grow at a CAGR of 5.4% during the forecast period, 2023-2032.

The Composite Adhesives Market size was valued at USD 3.9 Billion in 2023.

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