Composite Adhesives Market Size, Share, Sales, Analysis, Forecast, Industry Competition & Player Profiles 2023 - 2032

The composite adhesives market will witness major growth in the near future, as according to the global infrastructure hub, the world requires $15 trillion investment by 2040. Many emerging countries including India, China, among others have announced major push for infrastructure development. For example, India plans to invest $1.4 trillion on infrastructure during 2019-2023 period. The Indian government’s spending on railway infrastructure alone will amount to over $750 billion. The growing investment in bridges, railways, infrastructure like windows, and panels for railways will be a major driver for growth for players in the composite adhesives market. Moreover, China has announced a major push for its signature belt and road initiative. The Chinese government will connect nearly 70 trading partners with the belt and road initiative. According to a report from OECD, China will likely infuse over $1 trillion in growth of the BRI initiative during 2017-2027. The rising infrastructure activity, subsequent boost for the economy, and construction industry will be a major driver for growth in the composite adhesives market.

3D Printing Remains a Major Promise for Growth in the Europe, and North America  

3D printing will likely take many industries including key sectors like automotive, defense and aerospace, manufacturing, and construction by storm. 3D printing promises many advantages to manufacturers including lower-cost margins, more product customizations, product advancements, and more. The 3D printing revolution has already began in technological advanced nations like the US. For example, today doctors have access to 3D printed prosthetics to develop customized prosthetics, which are key to achieve the goal of personalized medicine set by the healthcare authorities in the US. Moreover, the technology has reduced production and waiting times significantly, thanks to growing in-house manufacturing at clinics. 3D printing is also rising in use in the defense, and aerospace sector to manufacture smaller, and lighter components to provide them with more stability, and reduce fuel-costs.

Growing Demand for Composite Adhesives in Wind Generation to Drive Growth

The demand for composite adhesives remains a promising prospect for many industries, thanks to their environment-friendly properties. Moreover, their demand is expected to rise as automotive industries continue to be under the radar for carbon-emissions, and fuel-usage. Moreover, composite adhesives have also shown promise in application of rotor blades in wind electricity generation. Their application promises prolonged use of rotor blades, and sustainable pressure. The alternatives for these remain less than ideal, and growing reliance, subsidies for wind-based electricity generation will likely propel demand for composite adhesives market in the near future. According to the International Energy Agency, onshore wind electricity generation increased by 12% in 2019. Moreover, thanks to expansion of offshore wind generation facilities from Europe, in new regions, the cost-benefits of the advanced technology will likely expand to new locations. The growing demand for energy in regions like Asia Pacific, and continuous growth of renewables remains a major promise for growth for players in the composite adhesives market. The composite adhesives market landscape will remain competitive, thanks to major investment in research, and innovation. The landscape will promise low barriers to entry to new players during the forecast period.

The key players of this market are 3M, Arkema group, H.B. Fuller Company, Sika AG, and Henkel AG & Co. KGaA and others.

The Composite Adhesives Market Report is segmented as below:

By Resin

• Epoxy
• Polyurethane
• Others

By Component

• One-Component
• Two-Component

By Application

• Automotive & Transportation
• Marine
• Wind Energy
• Aerospace
• Others

By Region

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Australia
• Rest of APAC
• South America
• Brazil
• Rest of South America
• Middle East & Africa
• UAE
• South Africa
• Saudi Arabia
• Rest of MEA