DUBLIN, Aug. 26, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Growth Opportunities for Adhesives in Global Composites Industry 2014-2019: Trends, Forecasts and Opportunity Analysis" report to their offering.
According to a new market research, adhesives in global composites industry is likely to remain profitable over the forecast period (2014-2019) and expected to reach an estimated value of $1,170 million by 2019. APAC is the largest region of adhesives market and depicts highest growth rate. The major drivers for adhesives in composites industry are growth of end use applications and increasing penetration of composite materials.
This report provides an analysis of adhesive consumption in global composites industry including analysis of the market trend, the competitive landscape, company profiles, mergers and acquisitions, emerging trends, customer analysis, and key drivers of industry growth. The study also includes global trends and forecasts for adhesives in composites industry through 2019, segmented by four regions such as North America, Europe, Asia Pacific (APAC), and Rest of World (ROW) and by end use applications which includes automotive, marine, wind energy, aerospace, and others. Adhesives in global composites industry in this report has also been segmented by chemical product types such as epoxy adhesive, polyurethane adhesive, and other adhesives (methacrylate adhesive, acrylic adhesive, vinyl ester adhesive, etc.)
Adhesives are used in a variety of markets such as automotive, aerospace, marine, wind energy and other industry which have been the market drivers in the recent years, helping to gain widespread acceptance in the marketplace across all regions. Growth of end use applications, increasing penetration of composites in automotive and aerospace industry and replacement of adhesive with fasteners helps to drive the adhesives market. Despite various challenges, the market for adhesives is expected to grow over the forecast period.
On the basis of its comprehensive research, the author forecasts that adhesives in composites industry will grow moderately in 2014-2019. Automotive, aerospace, and wind energy segments will witness moderate growth during the forecast period. Epoxy adhesive is expected to remain the dominant adhesive over the forecast period (2014-2019).
Henkel, 3M, Momentive, Dow Chemical, Huntsman, Hexel, Cytec, Sika, etc. are among the major suppliers of adhesive in composites industry. Regular innovation of products is very important for companies to sustain their successful position in the market. To gain competitive advantage, materials suppliers have to focus on growth opportunities through new/improved applications, competence in process development and a customer-oriented and innovation driven growth strategy. The author's comprehensive analysis unlocks an opportunity to cater adhesive market in composites industry.
The challenges prevailing in the adhesive market for composites industry are rising oil prices and government is taking strict action for standardizing those adhesive products that transmit lower or no VOC to the environment. This unique report will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.
Key Topics Covered:
1. Executive Summary
2. Industry Background and Classifications
3. Market Trend and Forecast Analysis
4. Competitor Analysis
5. Growth Opportunity and Strategic Analysis
6. Company Profiles of Leading Players
7. Customer Analysis
- Dow Chemical
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SOURCE Research and Markets