Fact.MR Releases Report on Market for Two-Component Adhesives
Fact.MR has released a new adhesives market report, titled Two Component Adhesives Market By Composition (Polyurethane, Epoxy, Methyl Methacrylate (MMA), Silicone), By Application (Construction, Automotive, Aerospace, Electronics) & Region – Global Market Insights 2023 to 2033. According to the report, global demand for two-component adhesives is predicted to increase at a CAGR of 7.2% from 2023 to 2033. The global two-component adhesives market is valued at $7 billion in 2023, and is anticipated to a valuation of $14 billion by 2033.
The market is expected to grow as two-component adhesives are increasingly used to replace traditional adhering methods such as manual screwing and soldering. Over the projected period, there will be numerous opportunities for the two-component adhesives market to grow due to rising consumer demand for low-VOC and low-carbon-emitting adhesives to reduce the environmental impact as well as the rising adoption of lightweight vehicles.