Two-Component Adhesives Market: Market Introduction
Reports and Insights deliver key insights on the two-component adhesives market. In terms of revenue, the Two-Component Adhesives Market is estimated to expand at a CAGR of 6.8% during the forecast period, owing to numerous factors, regarding which Reports and Insights offer thorough insights and forecasts in its report on the two-component adhesives market.
In order to join high-strength materials including pre-treated metals or coated metals, composites materials including Glass-reinforced plastics or carbon fiber-reinforced plastics, ceramics, and others, two-component adhesives as the main bonding agent lead the market globally. These adhesives are used for bonding purposes in automotive parts, the aircraft industry, construction, and electronics and electrical industries, owing to their excellent chemical resistance, heat and water resistance, and aging resistance.
Owing to the increasing demand for lightweight vehicles in the automotive industry and aerospace industry, and the demand for less fuel consumption, have led to an upsurge in the market for two-component adhesives. The longer shelf-life of the material after being adhered to, and the excellent mechanical and chemical properties of these adhesives, make them ideal for wide application and hence, it pushes the market for two-component adhesives towards an exponential growth rate.
Market Report Outlook
This report on the two-component adhesives market aims to discuss market dynamics, including market drivers, potential threats and challenges to the market, two-component adhesives market opportunities for the major players, two-component adhesives market trends, market segmentation outlook, regional outlook, two-component adhesives market size, market forecast, market share, as well as the major players operating in the two-component adhesives market.
Two-Component Adhesives Market: Dynamics
The automotive industry and aerospace industries have seen an increasing demand for these adhesives for bonding applications. This is attributed to factors including the reduced weight of vehicles’ parts, less CO2 emission requirements, and lightweight aircraft parts. Two-component adhesives are chemically resistant, resistant to water and heat, and possess exceptional wear resistance, owing to this, these adhesives have now replaced conventional adhesion technologies and have fueled the market for these adhesives globally.
Furthermore, increased demand for two-component adhesives from construction industries has propelled the growth of the market share of these adhesives globally. New sustainable innovations in the electronic industry have also driven the market of two-component adhesives globally.
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Two-Component Adhesives Market: Regional Outlook
North America, Asia-pacific, Europe, Latin America, the Middle East, and Africa are a few of the key regional areas to understand the global expansion of the market for surface protection tapes market.
North American region is expected to lead the market both in terms of manufacturing and usage in different substrates. Increased Investment in the research and development area and technological advancement are among the key factors behind this huge contribution to the market share for the two-adhesives market.
Asia-Pacific, after North America, is seeing rapid growth in the market contribution for these adhesives. This is attributable to factors including an upsurge in demand from construction and automotive sectors in developing economies, such as China, and India. These growing economies have upscaled their production process due to monetary benefits over the years. In addition, reduced labor charges and increased factory set-up, and a demand for sustainable products from consumers, will propel the market size and share of two-component adhesives in the forthcoming years.
Two-Component Adhesives Market: Key Players
Some of the major key players in the two-component adhesives market include Dow Chemical Company, Evonik Industries, Eastman Chemical, Sika AG, Bostik, Huntsman Corporation, Henkel AG, H.B Fuller, 3M company, Master bond Inc., Technicoll, and many others.
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Recent Developments by Key Players:
- In 2017, Henkel Adhesive Technologies India Ltd., launched “Loctite Hybrid Adhesives”, designed as next-generation universal structural bonders coupled with patented hybrid technology. Unparalleled strength, durability, and speed are some of the features of these innovative adhesives.
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