The Global Composite Adhesives Market is projected to reach USD 1.78 Billion by 2022, at a CAGR of 7.9% from 2017 to 2022. The market is driven by the pent-up demand for composite adhesives from end-use industries, specifically automotive & transportation, wind energy, and aerospace industries.

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The market is driven by the growing trend of lightweight vehicles and renewable & eco-friendly wind energy generation, along with continuous improvements in the aerospace industry.

Epoxy: Largest Resin Type of the Composite Adhesives Market

the epoxy resin type segment accounted for the largest market share in terms of volume, followed by the polyurethane segment. The major driver for the epoxy segment is its increasing use in wind blade composites bonding and aircraft. This segment is also boosted by the increasing use of fiber-reinforced materials for fabricating components for rail, automotive, wind energy, marine, and building & construction applications.

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.

North America, Europe, Asia-Pacific, South America, and Middle East & Africa are considered the main regions for the composite adhesives market. The North America region leads the composite adhesives market, in terms of both value and volume, owing to the increased demand for green and renewable energy as well as aircraft, and the advancing automotive sector. The rising demand for high-quality composite adhesives products with superior properties has triggered the demand for composite adhesives. Increasing composite applications are also contributing to the growing demand for composite adhesives in the North America region.

Increasing demand for lightweight vehicles, renewable energy, and advanced aircraft solutions for aerospace industry are expected to lead to the growth of the composite adhesives market in the coming years. On the contrary, environmental regulations and unstable economic cycles are the major restraints for the composite adhesives market.

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