Market Size of Composite Adhesives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Composite Adhesives Market Analysis
The market for composite adhesives is expected to grow at a CAGR of over 5% during the forecast period. The major factor driving the growth of the market studied is the increasing demand for adhesives over conventional binding techniques in various end-user industries. On the flip side, the slowdown in global automotive production is hindering the growth of the market.
- In construction, automotive and transportation industries components manufactured need to be light and they should have high mechanical strength. Composite adhesives cater to this need of the industries.
- Epoxy resin type is expected to dominate the market over the forecast period.
- Asia-Pacific region is forecasted to be the largest and the fastest-growing market owing to the increasing consumption from major countries such as China, India, and Japan.
