Global Fiber Bonding Adhesives Market, 2014-2024: By Type (Acrylic, Epoxy, Polyurethane, and Others), and By Application (Aerospace, Automotive, Industrial, Medical, and Others)
Fiber bonding adhesives are specially employed in highly stressed applications. It offered high strength structural performance as well as color matched appearance. It also offers low viscosity clear. It has desired cure process, the desired environmental resistance, and the desired temperature resistance.
Fiber bonding adhesives can be categories into acrylic, epoxy, polyurethane, and others. Fiber bonding adhesives has wide area of end use industry applications included aerospace, automotive, industrial, medical, and others. Most of the automotive industry adopting the fiber bonding adhesives for joining purpose, which makes the vehicle light weight with safety and fuel efficient. These adhesive are also widely use medical appliances for the joining the fiber components. Epoxies have good strength, do not produce volatiles during curing and have low shrinkage. Polyurethane adhesives are chemically reactive formulations which may be one part or two part systems and are usually fast curing. They provide strong impact resistant joint sand have better low temperature strength than any other adhesive. It can be used in the application of aerospace sector.
The global fiber bonding adhesives market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global fiber bonding adhesives market is growing at a fast pace and increasing its geographical footprint rapidly. The global fiber bonding adhesives market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.
The growth is comparatively higher in APAC region due rising demand from end use industry. The major growth driver for fiber bonding adhesives market is the rising production and sales of the automotive. Rising demand form medical industry is also drive the growth of fiber bonding adhesives market globally.
The raw material price volatility is the major impediment to the expansion of global fiber bonding adhesives market.
Fiber bonding adhesives enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of fiber bonding adhesives market globally. The companies that lead global fiber bonding adhesives market are, 3M Corporation, Dow Automotive Systems, Henkel AG, Huntsman Advanced Materials, and others.
The research process includes the market segmentation of the global fiber bonding adhesives market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global fiber bonding adhesives market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below: