Increasing application for replacing conventional binding and adhering techniques like mechanical bolt, fasteners and welds in automotive, marine, construction and aerospace industry should impel composite adhesives market size.

Sellbyville, DE -- (SBWire) -- 12/18/2018 --The qualitative research study conducted by Global Market Insights, Inc. titled "Composite Adhesives Market" provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global Composite Adhesives Market.

Composite Adhesives Market size should surpass USD 2 billion by 2024. Increasing application for replacing conventional binding and adhering techniques like mechanical bolt, fasteners and welds in automotive, marine, construction and aerospace industry should impel composite adhesives market size. Its growing popularity for various industrial application can be attributed to significant reduction in structural weight, fuel consumption and cost savings. Use of structural adhesives also shortens production cycle time and eliminate drilling hole on assemblies enhancing its structural strength.

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Acrylic composite adhesives demand will witness significant gains at over 5% during forecast period. This growth in demand for acrylic based products can be ascribed to its increasing application scope in binding truck hoods, raised-roof assemblies and in automobiles to bond composites for roofs, doors, liftgates and hoods. Acrylics offer high bond strength on plastics, composites & metals and performs well even on oily surfaces at lower surface temperature than epoxies.

Rapid industrial & infrastructural growth along with increasing renovation project incurring huge spending in Brazil, India, Vietnam and China should bolster demand for composite materials thus driving structural adhesives market size. Shifting trends towards adopting composites replacing traditional building materials like brick, wood, mortar and stones should further strengthen industry growth. Composite adhesives are used to bond materials which need to withstand high stresses and loads without compromising structural integrity.

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North America, led by U.S. composite adhesives industry size, is anticipated to grow at a rate of about 4% during projected timeframe. Rising utilization of composite adhesives in medical devices, cascade for engine, leaf spring, machinery and welded tube application should drive industry growth. Growing demand for high-quality composite adhesive which offer superior properties should fuel regional product demand.

One component composite adhesive market size should witness significant gains due to high demand in clean energy sectors. Rise in demand for one-part adhesives can be ascribed to its freedom of application offering high efficiency and lesser time for cure compared to two-part composite adhesives. One-part adhesives are convenient to use as it does not require mixing and can be applied directly to the substrate.

Composite adhesives industry size from dental application should grow at a rate of over 4% during forecast period. The combination of adhesive composite resin and acid-etched enamel affords the benefits of reducing or eliminating microleakage of the enamel margins along with reducing sensitivity, lowered discoloration of margins, lower rates of recurrent margins and improved retention of restoration.

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Global composite adhesives industry share is fairly consolidated with participants including 3M, Henkel, Permabond, Sika AG, LORD Group, Bostik, SciGRIP and Covestro. Other key industry players include Hybond, Gurit, Huntsman, Argosy, Allnex, Solvay and ASI. Companies manufacturing these adhesives focus to enlarge their production capacity by investing on facility upgradation. They also adopt strategies like merger, acquisition and partnership with other players to enhance their product application portfolio through increasing R&D spending.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.