Sellbyville, DE -- (SBWIRE) -- 05/21/2019 -- Global Market Insights recently introduced new report on global Composite Adhesives market with an in-depth study providing complete analysis of the industry size, share and statistics for the period 2019 to 2024. It also provides complete overview of Composite Adhesives industry considering all the major industry trends, market dynamics and competitive scenario.

North America composite adhesives market should witness significant gains during forecast period owing to its stringent regulatory regimes and growing consumer inclination towards green and renewable energy in advancing automotive and aircraft industry. Rising demand for high-quality structural adhesives with superior product properties should trigger higher product demand in the region.

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Positive growth drivers pertaining to demand for composite materials in automotive & aircraft manufacturing industry should propel demand for composite adhesives. Rising application scope for these adhesives due to replacement of conventional adhering techniques by use of lightweight composites in lieu of reducing weight & improved performance should drive product demand. Modern aircrafts are manufactured by utilizing over 50% composite materials adopted by major aerospace OEM's including Boeing, Airbus and Bombardier.

Two component composite adhesives market by aerospace application should witness gains at over 6% during forecast period. These adhesives are widely used to attach cured parts to joints like stringers and cured parts such as wing skins in aerospace industry due to its properties such as toughness, stiffness, strength and high-temperature performance. Entry of new players in the aircraft industry will increase production of aircraft owing to rise in demand for aircraft travel along with improved consumer safety and comfort should enhance industry growth prospects of composite adhesives industry.

Growing application of replacing conventional adhering and binding techniques employing mechanical bolts, fasteners and welds in construction, automotive and wind energy industry should drive product demand. Use of composite adhesives also reduces production cycle time, eliminates drilling process on assemblies enhancing structural strength, reducing weight and cost saving.

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One component composite adhesives market for medical application sizes to surpass USD 25 million by 2024. Upsurge in technology development to enhance product application portfolio with introduction of application scope in medical and packaging industry should reinforce product demand. Development of a comprehensive line of epoxies, polyurethane, cyanoacrylates and silicone structural adhesives with the ability to adhere similar & similar substrates and ability to fill gap should boost industry growth. These products are widely used in endoscopes, infusion pumps, IV kits, catheters, imaging equipment and surgical instruments.

Stringent regulatory regimes in North America and Europe pertaining to environment protection and construction methodologies by government agencies and authorities should strengthen composite adhesives market. Automotive agencies like FMVSS and AAPC have laid manufacturing standard operation process (SOP) for industry participants with a view to reduce automotive weight to improve fuel efficiency and reduce emissions.

The Composite Adhesives market report offers detailed competitive landscape of the global market. It includes companies, industry statistics, market share analysis and product portfolio of the major industry participants. The report provides detailed segmentation of the Composite Adhesives market based on product, technology, end user and region.

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Global composite adhesives market share is moderately concentrated with presence of industry players like 3M, Permabond, Hexcel, Sika AG, Bostik and DYMAX. These companies usually adopt strategies like mergers & acquisition, joint venture and partnerships to expand their regional presence and production capacity. The companies also heavily invest in R&D for product & application innovations along with reducing production cost.

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