Lucintel Forecasts Adhesives In The Global Composites Market To Reach $3 Billion By 2030

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According to a market report by Lucintel, the future of adhesives in the global composites market looks promising with opportunities in the transportation, electrical & electronics, and construction industries. The adhesives in the global composites market is expected to reach an estimated $3 billion by 2030 from $2 billion in 2023 at a CAGR of 8% from 2023 to 2030. The major drivers for this market are increasing use of lightweight materials in transportation, and performance benefits, such as lower corrosion in construction and higher thermal resistance in E&E industries.
Browse 140 figures/charts and 97 tables in this 205-page report to understand trends, opportunity and forecast of adhesives in the global composites market to 2030 by application (automotive & transportation, aerospace & defense, electrical & electronics, construction & infrastructure and others), product (epoxy, polyurethane, cyanoacrylate, acrylic and others), and region (North America, Europe, Asia Pacific and the Rest of the World).
Lucintel forecasts that in this market, transportation will remain the largest end use ...
... supported by growing automotive production and increasing focus on lightweight materials. Pickup truck boxes, deck lids, fenders, hoods, and bumpers are some of the major applications of adhesives in the global composite in the transportation industry. Construction is expected to witness the highest growth over the forecast period.
Epoxy based adhesives in the global composite will remain the largest segment over the forecast period supported by its high performance characteristics and it is also expected to witness the highest growth over the forecast period.
Download sample by clicking on adhesives in the global composite market.
Asia Pacific is expected to remain the largest market by value and volume. ROW is expected to witness the highest growth over the forecast period because of growing demand from construction and other end uses.
3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, Master Bond Inc., Parker Hannifin Corp (Lord Corporation), Parsons Corporation, Permabond LLC, Pidilite Industries Ltd, Sika AG are the major suppliers in the adhesives in the global composite market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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