DUBLIN, October 4, 2017 /PRNewswire/ --
The "Global Composite Adhesives Market 2017-2021" report has been added to Research and Markets' offering.
The report forecasts the global composite adhesives market to grow at a CAGR of 7.40% during the period 2017-2021.
The report, Global Composite Adhesives Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is growing demand for composite adhesives in wind energy sector. The wind turbine composite material market is expected to grow because of an increase in the number of wind energy projects in China and Europe. The market is exhibiting growth owing to the low costs associated with wind energy. In 2016, thermostats accounted for around 75% of the epoxy resins in the global wind turbine composites market, whereas glass fiber contributed to approximately 60% of the type of fibers used in wind turbines.
According to the report, one driver in the market is increasing demand for new aircraft. The rising demand for new aircraft is a key driver for the global composite adhesives. Increasing use of composite products in manufacturing aircraft drives the demand for composite adhesives. Composite adhesives are used to attach joints to cured parts, such as stringer, and uncured parts such as wings skin. The composite adhesives exhibit properties such as stiffness, strength, toughness, and high-temperature performance. The entry of new players in the aircraft industry has led to an increase in the production of new aircraft.
Further, the report states that one challenge in the market is volatile prices of raw materials. Fluctuations in the prices of raw materials used for manufacturing composite adhesives pose a serious challenge to the global composite adhesives market. The prices of raw materials, such as epoxy, polyurethane, and silicone, have experienced fluctuations in the past few years. Polyols that are used in the production of polyurethane are expensive as these are derived from crude oil that experiences frequent price fluctuations. Volatility in the prices leads to a shortage of raw materials. This leads to a significant increase in the price of resins, which drives the manufacturing cost and decreases the profit margins of the manufacturers.
- Huntsman international
- The Dow Chemical Company
Other prominent vendors
- Engineered Bonding Solutions
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Application
Part 07: Market Segmentation By Resin Type
Part 08: Geographical Segmentation
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/7lxwm8/global_composite
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SOURCE Research and Markets