Pune, India -- (SBWIRE) -- 10/03/2018 -- Composite Adhesives Market Research Report – Forecast to 2023
Composite adhesives are the substance applied to bind the composites to themselves and to numerous different substrates. They are available in different forms such as liquid, paste, and film. Adhesives are categorized into two types based on the number of components. Two-component adhesives are made up of resin and hardener and can be cured at room temperature or at elevated temperatures. One component adhesives are premixed and can be cured only at elevated temperatures only (typically 250-300°F).
Key Players
Some of the major players operating in the global composite adhesives market are Huntsman International LLC. (U.S.), Ashland. (U.S.), 3M (U.S.), Sika AG (Switzerland), ITW Engineered Polymers GmbH (Germany), Master Bond Inc (U.S.), Henkel AG & Co. KGaA (Germany), LORD Corporation (U.S.), Arkema SA (France), Permabond.com (U.S.), and H.B. Fuller Company. (U.S.).
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Composite adhesives provide high mechanical strength and peerless performance even upon exposure to extreme conditions. Various types of resins such as epoxy, acrylic, polyurethane, methyl methacrylate, polyimide, phenolic, cyanoacrylate, silicone, and others are used to make different types of adhesives. Epoxy adhesives provide superior bonding with different types of substrate, excellent durability & strength with low shrinkage, superior chemical, heat & weather resistance, and excellent electrical insulation properties. Polyurethane adhesives are widely used for marine applications owing to its ability to bond even in high moisture conditions, superior bonding with a non-porous substance such as wood, high UV resistance, and low VOC content. Methyl methacrylate adhesives provide faster curing, excellent adhesion, and material forms a strong thermoplastic with excellent resistance to shear, peel and impact stresses.
Intended Audience
Composite adhesives manufacturers
Traders and distributors of composite adhesives
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratory
Market Segmentation
On the basis of the product type, the global composite adhesives market is segmented into the epoxy, acrylic, polyurethane, methyl methacrylate, polyimide, phenolic, cyanoacrylate, silicone, and others. On the basis of the end-user industry, the global composite adhesives market is segmented into automotive & transportation, aerospace, healthcare, military & defense, electrical & electronics, wind energy, construction, marine, and others. On the basis of the region, the global composite adhesives market is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
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Regional Analysis
North America accounted to have the major market share of the global composite adhesives market in 2017 owing to strong demand from different end-use industries such as aerospace, wind energy, electrical & electronics, healthcare, construction & infrastructure, and military & defense and is expected to exhibit steady growth over the forecast period 2018-2023. Europe was the second largest composite adhesives market after North America in 2017 owing to high demand from end-use industries such automotive & transportation, electrical & electronics, wind energy, and construction & infrastructure and is expected to show steady growth during the forecast period.