Composite Adhesives Market Summary
As per Market Research Future Analysis, the global composite adhesive market was valued at USD 3.38 billion in 2022 and is projected to grow at a CAGR of 4.9% from 2022 to 2030. Composite adhesives are essential for bonding composites and various substrates, available in liquid, paste, and film forms. They are categorized into one-component and two-component adhesives, with applications across multiple industries including automotive, aerospace, healthcare, and construction. The market is driven by the increasing use of composites due to their strength-to-weight ratio and cost-effectiveness. Key players include Huntsman International LLC, 3M, and Sika AG, among others.
Key Market Trends & Highlights
The composite adhesives market is witnessing significant growth driven by various factors.
- Market size in 2022: USD 3.38 billion.
- CAGR from 2022 to 2030: 4.9%.
- North America held the largest market share in 2017, driven by demand in aerospace and construction.
- Asia Pacific is expected to be the fastest-growing region due to rising demand in multiple industries.
Market Size & Forecast
Market Size in 2022: USD 3.38 billion
Expected CAGR from 2022 to 2030: 4.9%
Major market share in 2017: North America
Fastest growing region: Asia Pacific.
Major Players
Huntsman International LLC, Ashland, 3M, Sika AG, ITW Engineered Polymers GmbH, Master Bond Inc, Henkel AG & Co. KGaA, LORD Corporation, Arkema SA, Permabond.com, H.B. Fuller Company.
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The global composite adhesive market size was valued at USD 3.38 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2030. The Composite Adhesives Market is expected to grow at a moderate rate over the next few years. Composite adhesives are the substances used to adhere composites to one another and to a variety of substrates. They come in a variety of forms, including liquid, paste, and film. Based on the number of components, adhesives are divided into two categories. Two-component adhesives consist of a resin and a hardener that can cure at room temperature or at high temperatures. Pre-mixed one-component adhesives can only be cured at high temperatures (usually 250-300°F). Even when exposed to harsh environments, composite adhesives deliver unrivalled mechanical strength and performance. Epoxy adhesives offer good bonding with a variety of substrates, as well as excellent durability and strength with low shrinkage, chemical, heat, and weather resistance, and electrical insulation. Polyurethane adhesives are popular in marine applications because of their ability to bond even in high moisture environments, excellent bonding with non-porous materials like wood, strong UV resistance, and low VOC content. Faster cure, high adhesion, and a strong thermoplastic with great resistance to shear, peel, and impact stresses are all advantages of methyl methacrylate adhesives. The global composite adhesives market is likely to be driven by the rising popularity of composites in various end-use sectors due to their high strength-to-weight ratio, low cost, and ease of manufacturing.
Global Composite Adhesives Market Share in 2017, by Product Type
 
Source: MRFR Analysis
Key Players
Some of the major players operating in the global composite adhesives market are Huntsman International LLC. (U.S.), Ashland. (U.S.), 3M (U.S.), Sika AG (Switzerland), ITW Engineered Polymers GmbH (Germany), Master Bond Inc (U.S.), Henkel AG & Co. KGaA (Germany), LORD Corporation (U.S.), Arkema SA (France), Permabond.com (U.S.), and H.B. Fuller Company. (U.S.).
Market Segmentation
The global composite adhesives market is segmented by component, form, product type, end-use industry, and region.
On the basis of the component, the global composite adhesives market is segmented into one component and two component.
On the basis of the form, the global composite adhesives market is segmented into liquid, paste, film, and others.
On the basis of the product type, the global composite adhesives market is segmented into the epoxy, acrylic, polyurethane, methyl methacrylate, polyimide, phenolic, cyanoacrylate, silicone, and others. On the basis of the end-user industry, the global composite adhesives market is segmented into automotive & transportation, aerospace, healthcare, military & defense, electrical & electronics, wind energy, construction, marine, and others. On the basis of the region, the global composite adhesives market is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Regional Analysis
The global composite adhesives market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.Â
North America accounted to have the major market share of the global composite adhesives market in 2017 owing to strong demand from different end-use industries such as aerospace, wind energy, electrical & electronics, healthcare, construction & infrastructure, and military & defense and is expected to exhibit steady growth over the forecast period 2018-2023. Europe was the second largest composite adhesives market after North America in 2017 owing to high demand from end-use industries such automotive & transportation, electrical & electronics, wind energy, and construction & infrastructure and is expected to show steady growth during the forecast period. Asia Pacific is expected to be the fastest growing market for composite adhesives due to rising demand for composites from the growing end-user industries such as automotive & transportation, military & defense, electrical & electronics, wind energy, healthcare, construction & infrastructure, marine & oil & gas and is expected to show bolstering demand over the forecast period. The Middle East & Africa is expected to drive demand mainly from the growing construction & infrastructural industry over the forecast period. Latin America is expected to show high demand mainly from the growing construction industry over the forecast period.
Composite Adhesives Market Industry Developments
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Q2 2024: Henkel opens new composite adhesives production facility in India Henkel inaugurated a new manufacturing plant in Pune, India, dedicated to the production of advanced composite adhesives for automotive and aerospace applications. The facility aims to meet growing demand in the Asia-Pacific region.
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Q2 2024: Dow launches next-generation epoxy composite adhesive for wind energy sector Dow introduced a new epoxy-based composite adhesive designed for use in wind turbine blade manufacturing, offering improved strength and faster curing times to support renewable energy projects.
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Q3 2024: 3M announces strategic partnership with Airbus for sustainable composite adhesives 3M and Airbus entered a multi-year partnership to co-develop bio-based composite adhesives for use in next-generation aircraft, focusing on reducing carbon footprint and enhancing performance.
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Q2 2024: Bostik unveils new low-VOC composite adhesive for automotive lightweighting Bostik launched a low-VOC, high-strength composite adhesive targeting automotive manufacturers seeking to reduce vehicle weight and comply with stricter emissions regulations.
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Q1 2025: Huntsman expands composite adhesives R&D center in Germany Huntsman announced the expansion of its R&D center in Duisburg, Germany, to accelerate innovation in composite adhesive technologies for aerospace and industrial markets.
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Q2 2025: ITW acquires specialty composite adhesives business from Permabond Illinois Tool Works completed the acquisition of Permabond’s specialty composite adhesives division, strengthening its portfolio in high-performance bonding solutions for transportation and electronics.
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Q1 2025: Ashland secures major contract to supply composite adhesives for electric vehicle battery enclosures Ashland signed a multi-year supply agreement with a leading EV manufacturer to provide advanced composite adhesives for battery enclosure assemblies, supporting the shift to electric mobility.
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Q3 2024: Lord Corporation wins contract for composite adhesives in new Boeing aircraft program Lord Corporation was awarded a contract to supply structural composite adhesives for Boeing’s next-generation commercial aircraft, reinforcing its position in the aerospace sector.
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Q2 2024: Dow receives regulatory approval for new composite adhesive plant in Texas Dow received final regulatory clearance to construct a new composite adhesives manufacturing facility in Freeport, Texas, aimed at serving North American automotive and wind energy markets.
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Q1 2025: Henkel appoints new Head of Global Composite Adhesives Division Henkel announced the appointment of Dr. Maria Schmidt as the new global head of its Composite Adhesives Division, signaling a strategic focus on innovation and sustainability.
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Q2 2025: 3M launches UV-curable composite adhesive for electronics assembly 3M introduced a UV-curable composite adhesive designed for high-speed electronics assembly, offering rapid curing and enhanced reliability for miniaturized devices.
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Q3 2024: Bostik opens new composite adhesives application center in China Bostik inaugurated a new application center in Shanghai to support customers in the Asia-Pacific region with technical services and product development for composite adhesives.
Intended Audience
- Composite adhesives manufacturers
- Traders and distributors of composite adhesives
- Research and development institutes
Report Attribute/Metric |
Details |
  Market Size |
  2030: Significant value |
  CAGR |
  2022-2030 : 4.9% CAGR |
  Base Year |
  2021 |
  Forecast Period |
  2022-2030 |
  Historical Data |
  2019 & 2020 |
  Forecast Units |
  Value (USD Million) |
  Report Coverage |
  Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
  Segments Covered |
  By Component, Product Type, End-Use Industry and Region |
  Geographies Covered |
  North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
  Key Vendors |
  Huntsman International LLC. (U.S.), Ashland. (U.S.), 3M (U.S.), Sika AG (Switzerland), ITW Engineered Polymers GmbH (Germany), Master Bond Inc (U.S.), Henkel AG & Co. KGaA (Germany), LORD Corporation (U.S.), Arkema SA (France), Permabond.com (U.S.), and H.B. Fuller Company. (U.S.). |
  Key Market Opportunities |
  Instrument cluster, roof, interior and exterior panel, and intelligent lighting systems are fabricated by composite materials on account of increasing demand for lightweight automotive components. |
  Key Market Drivers |
  Growing popularity of composites in different end-use industries owing to its high strength to weight ratio |
Composite Adhesives Market Highlights:
Frequently Asked Questions (FAQ):
Composite adhesives are available in liquid, paste, and film forms.
Major product types in the composite adhesives market include epoxy, acrylic, polyurethane, and methyl methacrylate, among others.
Growing usage of composites in various end use industries is likely to be the major driver for the composite adhesives market.
North America held the largest share in the global composite adhesive market.
Leading players in the composite adhesive market include Huntsman, Ashland, 3M, and Sika, among others.