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Global Composite Adhesive Market Size, Share & Trends Analysis Report by Product (Acrylic, Epoxy, Polyurethane, Cyanoacrylate), Application (Automotive & Transportation, Aerospace & Defense), Region, and Segment Forecasts, 2024-2030

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    Report

  • 150 Pages
  • December 2023
  • Region: Global
  • Grand View Research
  • ID: 5595870
Description Jump to:
The global composite adhesive market size is estimated to reach USD 5.08 billion by, registering a CAGR of 5.2% from 2024 to 2030, according to the study.. The incorporation of lightweight materials in the production/ manufacturing of automotives and aircraft is propelling the market growth exponentially. The adoption of composite adhesives is increasing in numerous end-use industries such as automotive, aerospace, and packaging over mechanical fasteners such as nuts & bolts. The use of adhesives instead of conventional equipment offers a reduction in the final product weight, which has become a vital point of interest in aerospace and automotive industries over recent years.

Further, the EV industry is an emerging key end-user of the market, where composite adhesives are finding applications in the production of battery as well as body components, along with other related applications. The rising population and increasing disposable incomes of consumers in these economies are significantly driving automobile production. In addition, a significant rise in the production of EVs is expected to provide a lucrative opportunity for the growth of the global composite adhesives market.

On the contrary, the adhesives market has always been under strict scrutiny from various regional and national level regulatory bodies across the globe. For instance, in the U.S., the Environmental Protection Agency (EPA) mandates manufacturers and suppliers of adhesives to comply with the established VOC standards. Furthermore, Air Resources Board (ARB) issued a document for determining Reasonably Available Control Technology (RACT) to keep a check on pollution caused due to adhesive application. Such regulations and potential threats to the environment can hamper the growth of the global market.

Composite Adhesive Market Report Highlights

  • Acrylic emerged as the fastest-growing product with a CAGR of 5.9% from 2024 to 2030 due to their excessive usage in various rigid and semi-rigid bonding applications such as automotive and medical, as they provide high-strength bonds to composites along with high peel strength
  • Aerospace & Defense emerged as the fastest growing application with a high CAGR of 5.8% from 2024 to 2030, on account of growing applications of composite adhesive in the aerospace & defense sector owing to their ability to provide strong bonding to the composite materials
  • North America emerged as the fastest-growing region with a CAGR of 6.0% over the forecast period, due to the rising investments in the production of EV and batteries in Canada, which is anticipated to positively influence the demand for composite adhesives in the country
  • The key players in the market include 3M, Dow, Henkel, Huntsman, H.B. Fuller, and Sika which are catering to the composites industry. These players are focusing on new product launches and acquisitions in order to gain a higher share of the market
  • Recent innovations in the adhesives industry include the introduction of a new silyl modified polymer (MS polymer) adhesive technology, which is expected to significantly improve the performance of adhesives. Such advancements in technology drive the demand for the product in the global market

Table of Contents

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 Internal database
1.4 Information analysis
1.5 Market formulation & data visualization
1.6 Data validation & publishing
1.6.1 Research scope and assumptions
1.6.2 List to Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 Composite Adhesive: Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Global Adhesives Market Outlook:
3.2 Industry Value Chain Analysis
3.2.1 Manufacturing/Technology Trends
3.2.2 Sales Channel Analysis
3.3 Vendor Landscape
3.3.1 List of Potential End-users
3.4 Regulatory Framework
3.5 Global Price Trend Analysis, 2018-2030 (USD/kg)
3.5.1 Factors Influencing Prices
3.6 Market Dynamics
3.6.1 Market Driver Analysis
3.6.2 Market Restraint ANalysis
3.6.3 Industry Challenges
3.6.4 Industry Opportunities
3.7 Impact of COVID-19 Pandemic
3.8 Impact of European Geopolitical Conflict
3.9 Industry Analysis Tools
3.9.1 PORTER’s Analysis
3.9.2 Macroeconomic Analysis - PESTLE Analysis
Chapter 4 Composite Adhesive Market: Supplier Portfolio Analysis
4.1 List of Raw Material Suppliers
4.2 Raw Material Trends
4.3 Portfolio Analysis/ Kraljic Matric
4.4 Engagement Model
4.5 Negotiation Strategies
4.6 Sourcing Best Practices
Chapter 5 Composite Adhesive Market: Product Estimates & Trend Analysis
5.1 Product Movement Analysis & Market Share, 2023 & 2030
5.1.1 Acrylic
5.1.2 Epoxy
5.1.3 Polyurethane
5.1.4 Cyanoacrylate
5.1.5 Other Products
Chapter 6 Composite Adhesive Market: Application Estimates & Trend Analysis
6.1 Application Movement Analysis & Market Share, 2023 & 2030
6.1.1 Automotive & Transportation
6.1.2 Aerospace & Defense
6.1.3 Electrical & Electronics
6.1.4 Construction & Infrastructure
6.1.5 Other Applications
Chapter 7 Composite Adhesive Market: Regional Estimates & Trend Analysis
7.1 Composite Adhesive Market: Regional Outlook
7.2 North America
7.2.1 North america Composite Adhesive Market Estimates & Forecasts, 2018-2030 (USD Million)
7.2.2 U.S.
7.2.2.1 Key country dynamics
7.2.2.2 U.S. Composite Adhesive Market Estimates & Forecasts, 2018-2030 (USD Million)
7.2.3 Canada
7.2.3.1 Key country dynamics
7.2.3.2 Canada Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
7.2.4 Mexico
7.2.4.1 Key country dynamics
7.2.4.2 Mexico Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
7.3 Europe
7.3.1 Europe Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
7.3.2 Germany
7.3.2.1 Key country dynamics
7.3.2.2 Germany Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
7.3.3 UK
7.3.3.1 Key country dynamics
7.3.3.2 UK Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
7.3.4 France
7.3.4.1 Key country dynamics
7.3.4.2 France Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
7.3.5 Italy
7.3.5.1 Key country dynamics
7.3.5.2 Italy Composite Adhesive Market Estimates & Forecasts, 2018-2030 (MillionTons) (USD Million)
7.3.6 Spain
7.3.6.1 Key country dynamics
7.3.6.2 Spain Composite Adhesive Market Estimates & Forecasts and Trend Analysis, 2018-2030 (Kilotons) (USD Million)
7.4 Asia-Pacific
7.4.1 Asia-Pacific Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
7.4.2 China
7.4.2.1 Key country dynamics
7.4.2.2 China Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
7.4.3 India
7.4.3.1 Key country dynamics
7.4.3.2 India Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Million Tons) (USD Million)
7.4.4 Japan
7.4.4.1 Key country dynamics
7.4.4.2 Japan Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
7.4.5 South Korea
7.4.5.1 Key country dynamics
7.4.5.2 South Korea Composite Adhesive Market Estimates & Forecasts and Trend Analysis, 2018-2030 (Kilotons) (USD Million)
7.5 Central & South America
7.5.1 Central & South America Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
7.5.2 Brazil
7.5.2.1 Key country dynamics
7.5.2.2 Brazil Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
7.5.3 Argentina
7.5.3.1 Key country dynamics
7.5.3.2 Argentina Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
7.6 Middle East & Africa
7.6.1 Middle East & Africa Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
7.6.2 Saudi Arabia
7.6.2.1 Key country dynamics
7.6.2.2 Saudi Arabia Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Tons) (USD Million)
7.6.3 South Africa
7.6.3.1 Key country dynamics
7.6.3.2 South Africa Composite Adhesive Market Estimates & Forecasts and Trend Analysis, 2018-2030 (KiloTons) (USD Million)
Chapter 8 Competitive Landscape
8.1 Company/Competition Categorization
8.2 Company Market Share Analysis, 2023
8.3 Company Heat Map Analysis
8.4 Strategy Mapping
8.4.1 Expansions
8.4.2 Mergers & Acquisition
8.4.3 Partnership
8.4.4 New Product Launches
8.5 Company Listing (Business Overview, Financial Performance, Product Benchmarking)
8.5.1 3M
8.5.2 Bostik
8.5.3 Dow
8.5.4 Henkel AG & Co. KGaA
8.5.5 H.B. Fuller Company
8.5.6 Huntsman International LLC
8.5.7 Illinois Tool Works Incorporation
8.5.8 Permabond LLC
8.5.9 Parker Hannifin Corp
8.5.10 Sika AG
List of Tables
Table 1 List of Potential End-Users
Table 2 List of Raw Material Suppliers
Table 3 U.S. macro-economic outlay
Table 4 Canada macro-economic outlay
Table 5 Mexico macro-economic outlay
Table 6 Germany macro-economic outlay
Table 7 UK macro-economic outlay
Table 8 France macro-economic outlay
Table 9 Italy macro-economic outlay
Table 10 Spain macro-economic outlay
Table 11 China macro-economic outlay
Table 12 India macro-economic outlay
Table 13 Japan macro-economic outlay
Table 14 South Korea macro-economic outlay
Table 15 Brazil macro-economic outlay
Table 16 Argentina macro-economic outlay
Table 17 Saudi Arabia macro-economic outlay
Table 18 South Africa Macro-Economic Outlay
Table 19 Market Participant’s Overview
Table 20 Financial Performance
Table 21 Product Benchmarking
Table 22 Company Heat Map Analysis
Table 23 Key Companies undergoing expansions.
Table 24 Key Companies involved in M&As
Table 25 Key Companies undergoing partnership.
Table 26 Key Companies launching new products.
List of Figures
Figure 1 Composite Adhesive Market Segmentation & Scope
Figure 2 Information procurement
Figure 3 Data analysis models
Figure 4 Market formulation and validation
Figure 5 Data validating & publishing
Figure 6 Composite Adhesive Market Snapshot
Figure 7 Composite Adhesive Market Segment Snapshot
Figure 8 Composite Adhesive Market Competitive Landscape Snapshot
Figure 9 Global Adhesive & Composite Adhesive Market, 2023 (USD Billion)
Figure 10 Composite Adhesive Market - Value Chain Analysis
Figure 11 Composite Adhesive Market: Price Trend Analysis, 2018-2030 (USD/kg)
Figure 12 Composite Adhesive Market Dynamics
Figure 13 Global E.V. Car Sales - 2018-2030 (Thousand Unit)
Figure 1 Global Construction Industry Size, 2020-2022 (USD Trillion)
Figure 2 Composite Adhesive Market: PORTER’s Analysis
Figure 3 Composite Adhesive Market: PESTLE Analysis
Figure 4 Composite Adhesive Market: Portfolio Analysis/ Kraljic Matric, By Raw Material
Figure 5 Composite Adhesive Market Estimates & Forecasts, by Product: Key Takeaways
Figure 6 Composite Adhesive Market Share, By Product, 2023 & 2030
Figure 7 Acrylic Composite Adhesive Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 8 Epoxy Composite Adhesive Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 9 Polyurethane Composite Adhesive Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 10 Cyanoacrylate Composite Adhesive Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 11 Other Products Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 12 Composite Adhesive Market Estimates & Forecasts, by Application: Key Takeaways
Figure 13 Composite Adhesive Market Share, By Application, 2023 & 2030
Figure 14 Composite Adhesive Market Estimates & Forecasts, in Automotive and Transportation 2018-2030 (USD Million)
Figure 15 Composite Adhesive Market Estimates & Forecasts, in Aerospace & Defense, 2018-2030 (USD Million)
Figure 16 Composite Adhesive Market Estimates & Forecasts, in Electrical & Electronics, 2018-2030 (USD Million)
Figure 17 Composite Adhesive Market Estimates & Forecasts, in Construction & Infrastructure, 2018-2030 (USD Million)
Figure 18 Composite Adhesive Market Estimates & Forecasts, in Other Applications, 2018-2030 (USD Million)
Figure 19 Composite Adhesive Market Revenue, by Region, 2023 & 2030 (USD Million)
Figure 20 North America Composite Adhesive Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 21 U.S. Composite Adhesive Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 22 Canada Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
Figure 23 Mexico Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
Figure 24 Europe Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
Figure 25 Germany Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
Figure 26 UK Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
Figure 27 France Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
Figure 28 Italy Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
Figure 29 Spain Composite Adhesive Market Estimates & Forecasts and Trend Analysis, 2018-2030 (Kilotons) (USD Million)
Figure 30 Asia-Pacific Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
Figure 31 China Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
Figure 32 India Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
Figure 33 Japan Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
Figure 34 South Korea Composite Adhesive Market Estimates & Forecasts and Trend Analysis, 2018-2030 (Kilotons) (USD Million)
Figure 35 Central & South America Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
Figure 36 Brazil Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
Figure 37 Argentina Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
Figure 38 Middle East & Africa Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
Figure 39 Saudi Arabia Composite Adhesive Market Estimates & Forecasts, 2018-2030 (Tons) (USD Million)
Figure 40 South Africa Composite Adhesive Market Estimates & Forecasts and Trend Analysis, 2018-2030 (Kilotons) (USD Million)
Figure 41 Key Company/Competition Categorization
Figure 42 Key Company Market Share Analysis, 2023

Companies Mentioned

  • 3M
  • Bostik
  • Dow
  • Henkel AG & Co. KGaA
  • H.B. Fuller Company
  • Huntsman International LLC
  • Illinois Tool Works Incorporation
  • Permabond LLC
  • Parker Hannifin Corp
  • Sika AG

Methodology

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Table Information

Report AttributeDetails
No. of Pages150
PublishedDecember 2023
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 3.61 Billion
Forecasted Market Value ( USD ) by 2030 $ 5.08 Billion
Compound Annual Growth Rate5.2%
Regions CoveredGlobal
No. of Companies Mentioned10

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