Composite Adhesives Market – Segmentation Analysis and Forecasts by Technavio

September 28, 2017

LONDON–(BUSINESS WIRE)–#AdhesivesandSealants–According to the latest market study released by Technavio,
the global composite adhesives market is expected to grow at a CAGR of
more than 7% during the predicted period.

This research report titled ‘Global
Composite Adhesives Market 2017-2021’ provides an in-depth analysis
of the market in terms of revenue and emerging market trends. This
market research report also includes up to date analysis and forecasts
for various market segments and all geographical regions.

The global composite adhesives market is expected to grow during the
forecast period. Increasing use of composite adhesives in industries
such as the automotive and transportation, marine, aerospace, and wind
energy augments growth in the global composite adhesives market. Based
on the resin type, epoxy is the leading segment in the market.
Epoxy-based composite adhesives help create strong joints and are widely
used in the wind energy sector. These adhesives bond the blades and
strengthen them to withstand strong winds.

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Technavio’s analysts categorize the global composite adhesives market
into five major segments by application. They are:

Automotive and transportation
Aerospace
Wind energy
Marine
Others

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The top three segments based on application for the global composite
adhesives market are discussed below:

Global composite adhesives market for automotive and transportation

One of the major factors contributing to the growth of the global
composite adhesives market is the increasing use of composite adhesives
in automotive and transportation sectors. These are lightweight
materials used for joining composites and plastics. Adhesives help
reduce weight, control emissions, and improve the impact resistance of
the vehicles.

According to Chandrakumar Badala Jaganathan, a lead additive,
adhesives, sealants research analyst from Technavio, “Governments
across the world mandate the production of lightweight vehicles to
decrease fuel consumption. Growing automotive industries in APAC and
Europe drive the demand for composite adhesives. Stringent government
regulations on limiting carbon dioxide emissions will increase the
demand for lightweight vehicles, which will further lead to growth in
the global composite adhesives market during the forecast period.”

Global composite adhesives market for aerospace

Composite
adhesives are used in various aerospace bonding applications that
use bonded composites and composites bonded to metals. They are
lightweight and offer resistance, strength, durability, and stiffness.
These are used as bonding agents in airframes and interior parts. The
composite adhesives are used in special applications such as surfacing
films, lightning strike protection, and shims.

“Growth in the aerospace industry leads to a subsequent growth in the
global composite adhesives market. Entry of new players in the aerospace
industry has led to an increase in aircraft manufacturing, which has
fueled the demand for composite adhesives,” says Chandrakumar.

Global composite adhesives market for wind energy

Composite adhesives, especially epoxy adhesive, are used in rotor blades
of wind turbines owing to their properties such as excellent stiffness
and durability. High demand for green and renewable energy in North
America and Europe drive the composite adhesives market. Epoxy resins
are popularly used in the wind energy sector.

Composite adhesives are used in infusion, bonding, hand lamination, and
tooling. High compressive strength, low weight, low density, and
corrosion resistance enhance the effectiveness of composite adhesives.

The top vendors highlighted by Technavio’s research analysts in this
report are:

Huntsman International
3M
Ashland
The Dow Chemical Company
Sika

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