The report "Composite Adhesives Market by Resin (Epoxy, Polyurethane), Component (One-Component, Two-Component), Application (Automotive & Transportation, Marine, Aerospace, Wind Energy), and Region - Global Forecast to 2022", The global composite adhesives market was valued at USD 1.13 Billion in 2016 and is projected to reach USD 1.78 Billion by 2022, at a CAGR of 7.9% from 2017 to 2022.

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The global composite adhesives market is led by companies such as, Henkel AG & Co. KGaA (Germany), SIKA AG (Switzerland), 3M Company (U.S.), The Dow Chemical Company (U.S.), Huntsman Corporation (U.S.), LORD Corporation (U.S.), and Illinois Tool Works Incorporation-Plexus (U.S.). Diverse product portfolios, strategically positioned R&D centers, adoption of development strategies, and technological advancements have helped these companies strengthen their position in the composite adhesives market. These companies are adopting various organic and inorganic growth strategies, such as expansions, partnerships, and new product launches to enhance their market share.

On the Basis of Resin:

Epoxy
Polyurethane
Others
On the Basis of Component:

One-Component
Two-Component
On the Basis of Application:

Automotive & Transportation
Marine
Wind Energy
Aerospace
Others
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Epoxy: Largest Resin Type of the Composite Adhesives Market

In 2016, the epoxy resin type segment accounted for the largest market share in terms of volume, followed by the polyurethane segment. Epoxy resins, which are best suited for rigid bonding, are widely used for bonding components, such as rotor blades of wind turbines, car hoods and doors, cockpits in aircraft, floorings, and aircraft fairings.

One-Component: The Fastest-growing Component Segment of the Composite Adhesives Market

The demand for one-component adhesives is high among all the clean energy sectors. The use of one-component adhesives has increased because they do not require mixing of two components. They just require either high temperature or media (light, humidity) from the surroundings to initiate the curing mechanism. They are more efficient and take lesser time to cure than two-component adhesives.

North America: The Largest Market for Composite adhesives

Currently, the North America region is the largest market for composite adhesives, in terms of both value and volume. The U.S. is the largest market for composite adhesives and Mexico is the fastest-growing market for composite adhesives in the North America region.

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