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Composite Adhesive Market Size, Share & Trends Analysis Report By Product (Acrylic, Epoxy), By Application (Automotive & Transportation, Aerospace & Defense), By Region, And Segment Forecasts, 2022 - 2030

April 2022 | 100 pages | ID: C1A3BDE235F7EN
Grand View Research, Inc.

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Composite Adhesive Market Growth & Trends

The global composite adhesive market size is expected to reach USD 5.07 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.7% during the forecast period. The increasing investments in the construction & infrastructure industry and favorable government policies propelling the manufacturing sector are driving the market growth.

In 2021, most economies around the world invested extensively to rebuild their infrastructure to recover from the COVID-19 pandemic. For instance, in 2021, the U.S passed a USD 1 trillion infrastructure bill to boost the infrastructure sector in the coming years. Such investments in the infrastructure industry are anticipated to propel the need for composite products and benefit adhesives demand over the forecast period.

The composite adhesive is a compound that bonds or adheres two or more substrates together. They are usually produced from either synthetic or natural sources. There are a variety of products available in the market such as epoxy, acrylic, polyurethane, and cyanoacrylate, which are used according to their application requirements. Based on product, epoxy held the largest revenue share of the global market in 2021 and this trend is expected to continue across the forecast period. Epoxy is preferred owing to the benefits it offers such as high strength, durability, and heat & chemical resistance.

Construction & infrastructure is one of the key end-use industries of epoxy adhesives owing to their high preferability in structural applications. Based on region, Asia Pacific accounted for the highest revenue share of the global market in 2021. In the region, China was the major market in 2021 but India is anticipated to register the fastest growth rate across the forecast period. The increasing demand for composite adhesive from various application industries such as construction, automotive, and electronics has pushed manufacturers to expand their capacity in the region.

For instance, in December 2021, Sika AG announced the opening of a new technology center and manufacturing plant to produce high-quality adhesives and sealants in Pune, Maharashtra, India. The investment is aimed to meet the growing demand from the transportation, construction, and renewable energy sectors.

The global market is highly competitive in nature. Key players of the industry are carrying out downstream integration for the development of their business. For instance, in April 2021, Comi Group acquired Neoflex SL, a manufacturer of polyurethane adhesives. This is expected to help Comi Group expand its presence in all those regions of the world wherein Neoflex SL has operations.

Composite Adhesive Market Report Highlights
  • Factors such as the emergence of coronavirus, currency fluctuations, high logistic costs, delay in deliveries, concerns regarding raw material supply, and unprecedented weather conditions have compelled companies to take steps to absorb the impact of soaring prices
  • For instance, in April 2021, Lecta increased the price of its self-adhesive. The increased range was between 8-10% depending on the format and product. This was done to offset the high manufacturing costs owing to the continuous rise in the prices of raw materials
  • Based on product, the acrylic segment is anticipated to register the fastest CAGR of 5.5%, in terms of revenue, from 2022 to 2030. The product is preferable in various end-use industries such as automotive, medical, and construction as it offers high-strength bonds to composites along with high peel strength
  • Based on application, the aerospace & defense segment is expected to grow at a CAGR of 5.4%, in terms of revenue, during the forecast period. This growth is attributable to the increasing penetration of lightweight composite-based products in aircraft manufacturing
  • Based on region, North America held a revenue share of over 21.0% in 2021 in the global market. Rising emphasis toward the EV industry and increasing production of composite products is propelling industry growth in the region
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Sources & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Insights
2.2. Market Snapshot
2.3. Segmental Outlook

CHAPTER 3. COMPOSITE ADHESIVE MARKET VARIABLES, TRENDS, AND SCOPE

3.1. Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
  3.3.1. Raw Material Trends
  3.3.2. Manufacturing Trends & Technology Overview
  3.3.3. Sales Channel Analysis
3.4. Regulatory Framework
3.5. Composite Adhesive Market Dynamics
  3.5.1. Market Driver Analysis
    3.5.1.1. Growth in the electric vehicle industry
    3.5.1.2. Growth in the building & construction industry
  3.5.2. Market Restraint Analysis
    3.5.2.1. Environmental and Health Hazard
  3.5.3.. Industry Challenges
    3.5.3.1. Impact of COVID-19
3.6. Composite Adhesive Industry Analysis - Porter’s Five Forces
  3.6.1. Bargaining Power of Suppliers
  3.6.2. Bargaining Power of Buyers
  3.6.3. Competitive Rivalry
  3.6.4. Threat of Substitutes
  3.6.5. Threat of New Entrants
3.7. Composite Adhesive Industry Analysis - PESTEL Analysis
  3.7.1. Political
  3.7.2. Economic
  3.7.3. Social
  3.7.4. Technological
  3.7.5. Environmental
  3.7.6. Legal

CHAPTER 4. COMPOSITE ADHESIVE MARKET: PRODUCT ESTIMATES & TREND ANALYSIS

4.1. Definition & Scope
4.2. Composite Adhesive Market: Product Movement Analysis, 2021 & 2030
4.3. Acrylic
  4.3.1. Market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
4.4. Epoxy
  4.4.1. Market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
4.5. Polyurethane
  4.5.1. Market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
4.6. Cyanoacrylate
  4.6.1. Market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
4.7. Others
  4.7.1. Market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)

CHAPTER 5. COMPOSITE ADHESIVE MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

5.1. Definition & Scope
5.2. Composite Adhesive Market: Application Movement Analysis, 2021 & 2030
5.3. Automotive & Transporation
  5.3.1. Market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
5.4. Aerospace & Defense
  5.4.1. Market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
5.5. Electrical & electronics
  5.5.1. Market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
5.6. Construction & Infrastructure
  5.6.1. Market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
5.7. Others
  5.7.1. Market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)

CHAPTER 6. COMPOSITE ADHESIVE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

6.1. Regional Snapshot
6.2. Regional Movement Analysis & Market Share, 2021 & 2030
6.3. North America
  6.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
  6.3.2. Market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
  6.3.3. Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
  6.3.4. U.S.
    6.3.4.1 Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
    6.3.4.1 Market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
    6.3.4.1 Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
6.4. Europe
  6.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
  6.4.2. Market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
  6.4.3. Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
  6.4.4. Germany
    6.4.4.1 Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
    6.4.4.1 Market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
    6.4.4.1 Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
  6.4.5. UK
    6.4.5.1 Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
    6.4.5.1 Market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
    6.4.5.1 Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
  6.4.6. France
    6.4.6.1 Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
    6.4.6.1 Market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
    6.4.6.1 Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
6.5. Asia Pacific
  6.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
  6.5.2. Market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
  6.5.3. Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
  6.5.4. China
    6.5.4.1 Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
    6.5.4.1 Market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
    6.5.4.1 Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
  6.5.5. India
    6.5.5.1 Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
    6.5.5.1 Market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
    6.5.5.1 Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
  6.5.6. Japan
    6.5.6.1 Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
    6.5.6.1 Market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
    6.5.6.1 Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
6.6. Central & South America
  6.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
  6.6.2. Market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
  6.6.3. Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
  6.6.4. Brazil
    6.6.4.1 Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
    6.6.4.1 Market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
    6.6.4.1 Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
6.7. Middle East & Africa
  6.7.1. Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
  6.7.2. Market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
  6.7.3. Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)

CHAPTER 7. COMPOSITE ADHESIVE MARKET: COMPETITIVE ANALYSIS

7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Vendor Landscape
  7.2.1. List of Raw Material Suppliers, Distributors, And Other Prominent Manufactures
  7.2.2. List of Potential Customers
  7.2.3. List of Prospective End-Users

CHAPTER 8. COMPANY PROFILES

8.1. 3M
  8.1.1. Company Overview
  8.1.2. Financial Performance
  8.1.3. Product Benchmarking
8.2. Bostik
  8.2.1. Company Overview
  8.2.2. Product Benchmarking
  8.2.3. Strategic Initiatives
8.3. Dow
  8.3.1. Company Overview
  8.3.2. Financial Performance
  8.3.3. Product Benchmarking
  8.3.4. Strategic Initiatives
8.4. Henkel AG & Co. KGaA.
  8.4.1. Company Overview
  8.4.2. Financial Performance
  8.4.3. Product Benchmarking
8.5. H.B. Fuller Company
  8.5.1. Company Overview
  8.5.2. Financial Performance
  8.5.3. Product Benchmarking
8.6. Huntsman Corporation LLC
  8.6.1. Company Overview
  8.6.2. Financial Performance
  8.6.3. Product Benchmarking
  8.6.4. Strategic Initiatives
8.7. Illinois Tool Work Inc
  8.7.1. Company Overview
  8.7.2. Financial Performance
  8.7.3. Product Benchmarking
8.8. Permabond LLC
  8.8.1. Company Overview
  8.8.2. Product Benchmarking
8.9. Parker Hannifin Corp
  8.9.1. Company Overview
  8.9.2. Financial Performance
  8.9.3. Product Benchmarking
8.10. Sika AGs
  8.10.1. Company Overview
  8.10.2. Financial Performance
  8.10.3. Product Benchmarking

LIST OF TABLES

Table 1 Composite adhesive market estimate and forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 2 Composite adhesive market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 3 Acrylic composite adhesive market estimate and forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 4 Epoxy composite adhesive market estimate and forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 5 Polyurethane composite adhesive market estimate and forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 6 Cyanoacrylate composite adhesive market estimate and forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 7 Composite adhesive market estimates & forecasts, by other products, 2017 - 2030 (USD Million) (Kilotons)
Table 8 Composite adhesive market estimates & forecasts, by automotive & transportation, 2017 - 2030 (USD Million) (Kilotons)
Table 9 Composite adhesive market estimates & forecasts, by aerospace & defense, 2017 - 2030 (USD Million) (Kilotons)
Table 10 Composite adhesive market estimates & forecasts, by electrical & electronics, 2017 - 2030 (USD Million) (Kilotons)
Table 11 Composite adhesive market estimates & forecasts, by construction & infrastructure, 2017 - 2030 (USD Million) (Kilotons)
Table 12 Composite adhesive market estimates & forecasts, by other applications. 2017 - 2030 (USD Million) (Kilotons)
Table 13 North America composite adhesive market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 14 North America composite adhesive market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 15 North America composite adhesive market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 16 North America composite adhesive market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 17 North America composite adhesive market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 18 U.S. composite adhesive market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 19 U.S. composite adhesive market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 20 U.S. composite adhesive market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 21 U.S. composite adhesive market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 22 U.S. composite adhesive market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 23 Europe composite adhesive market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 24 Europe composite adhesive market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 25 Europe composite adhesive market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 26 Europe composite adhesive market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 27 Europe composite adhesive market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 28 Germany composite adhesive market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 29 Germany composite adhesive market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 30 Germany composite adhesive market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 31 Germany composite adhesive market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 32 Germany composite adhesive market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 33 UK composite adhesive market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 34 UK composite adhesive market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 35 UK composite adhesive market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 36 UK composite adhesive market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 37 UK composite adhesive market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 38 France composite adhesive market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 39 France composite adhesive market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 40 France composite adhesive market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 41 France composite adhesive market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 42 France composite adhesive market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 43 Asia Pacific composite adhesive market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 44 Asia Pacific composite adhesive market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 45 Asia Pacific composite adhesive market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 46 Asia Pacific composite adhesive market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 47 Asia Pacific composite adhesive market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 48 China composite adhesive market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 49 China composite adhesive market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 50 China composite adhesive market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 51 China composite adhesive market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 52 China composite adhesive market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 53 India composite adhesive market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 54 India composite adhesive market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 55 India composite adhesive market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 56 India composite adhesive market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 57 India composite adhesive market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 58 Japan composite adhesive market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 59 Japan composite adhesive market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 60 Japan composite adhesive market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 61 Japan composite adhesive market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 62 Japan composite adhesive market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 63 Central & South America composite adhesive market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 64 Central & South America composite adhesive market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 65 Central & South America composite adhesive market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 66 Central & South America composite adhesive market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 67 Central & South America composite adhesive market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 68 Brazil composite adhesive market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 69 Brazil composite adhesive market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 70 Brazil composite adhesive market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 71 Brazil composite adhesive market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 72 Brazil composite adhesive market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 73 Middle East & Africa composite adhesive market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 74 Middle East & Africa composite adhesive market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 75 Middle East & Africa composite adhesive market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 76 Middle East & Africa composite adhesive market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 77 Middle East & Africa composite adhesive market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
LIST OF FIGURES

Fig. 1 Composite adhesive - Market segmentation & scope
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Primary research approaches
Fig. 6 Segmental outlook - Product & Application
Fig. 7 Segmental outlook - Regional
Fig. 8 Competitive Insights
Fig. 9 Composite adhesive market, 2017-2030 (USD Million) (Kilotons)
Fig. 10 Penetration & growth prospect mapping, by application, 2021
Fig. 11 Composite adhesive market - Value chain analysis
Fig. 12 Composite adhesive market - Sales channel analysis
Fig. 13 Market driver analysis
Fig. 14 Market restraint analysis
Fig. 15 Composite adhesive market: Product movement analysis, 2021 & 2030 (%) (USD Million)
Fig. 16 Composite adhesive market: Application movement analysis, 2021 & 2030 (%) (USD Million)
Fig. 17 Composite adhesive market: Regional snapshot
Fig. 18 Composite adhesive market: Regional movement analysis, 2021 & 2030 (%) (USD Million)


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