IRVING, Texas, Aug. 13, 2014 /PRNewswire-iReach/ — Adhesives in global composites market is expected to reach an estimated value of $1,170 million by 2019. The major drivers for adhesives in composites market are growth in end user industry such as automotive, aerospace, and wind energy industry, and increasing penetration of composite materials in those industries. Development of new passenger cars, light commercial vehicles, and new aircraft programs with high penetration of composite materials will drive the demand for adhesives in composites industry. APAC is the largest region in terms of demand for adhesives in composites industry and depicted highest growth rate during the last five years (2008-2013).
Photo – http://photos.prnewswire.com/prnh/20140731/132108
Lucintel, a leading global management consulting and market research firm, has analyzed the adhesives market for global composites industry by segments and region, and has come up with a comprehensive research report “Growth Opportunities for Adhesives in Global Composites Industry 2014-2019: Trend, Forecast, and Opportunity Analysis.” This report provides an analysis of adhesive consumption in global composites industry including analysis of the market trends, competitive landscape, company profiles, mergers and acquisitions, emerging trends, and key drivers of industry growth. The study also includes market forecasts for adhesives in composites industry through 2019, segmented by regions, by applications, and by chemical products as follows.
Adhesives in global composites market by regions:
- North America
- Europe
- Asia Pacific
- Rest of World
Adhesives in global composites market by applications:
- Automotive
- Marine
- Aerospace
- Wind Energy
- Others
Adhesives in global composites market by chemical products:
- Epoxy Adhesive
- Polyurethane Adhesive
- Other Adhesives
On the basis of its comprehensive research, Lucintel forecasts that adhesives in composites industry will grow moderately in 2014-2019. Epoxy based adhesive is expected to remain the dominant adhesive over the forecast period (2014-2019). Henkel AG & Company, 3M Co., Momentive, Dow Chemical Co., Huntsman Corporation, Hexcel Corporation, Cytec Industries Inc., Sika AG, etc. are among the major suppliers of adhesives in composites industry. Regular innovation of products is very important for companies to sustain their successful positions in the market. To gain competitive advantage, materials suppliers have to focus on growth opportunities through new/improved applications, competence in process development, a customer-oriented and innovation driven growth strategy. Lucintel’s comprehensive analysis unlocks an opportunity to cater adhesive market in composites industry.
This 168-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com . You can also contact us through Live Chat in its website to answer your questions in real time.
About Lucintel
Lucintel, the premier global management consulting and market research firm creates winning strategy for growth—whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M & A and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.