The composite adhesives market size is expected to surpass $2 billion by 2024, according to a research report by Global Market Insights Inc.
Increasing application for replacing conventional binding and adhering techniques like mechanical bolts, fasteners, and welds in automotive, marine, construction, and aerospace industry are predicted to impel the composite adhesives market size. Its growing popularity for various industrial applications can be attributed to significant reduction in structural weight, fuel consumption and cost savings. Use of structural adhesives also shortens production cycle time and can eliminate drilling hole on assemblies, enhancing its structural strength.
Acrylic composite adhesives demand will witness significant gains at over 5% during forecast period. This growth in demand for acrylic-based products can be ascribed to its increasing application scope in binding truck hoods, raised-roof assemblies and in automobiles to bond composites for roofs, doors, liftgates, and hoods. Acrylics offer high bond strength on plastics, composites and metals, and performs well even on oily surfaces at lower surface temperature than epoxies.
Cyanoacrylate-based composite adhesives will signify robust growth during the projected timeframe due to its instant adhering properties. These grades of adhesives are highly viscous, surface insensitive, low odor and non-blooming in nature. They are self-curing and sets in between 10-15 sec and commonly used to adhere substrates including polypropylene, polyethylene, PTFE, and other polyolefins, which are difficult to bond.
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