Composite Adhesives Market to Surpass $2 Billion by 2024
SHELBYVILLE, DE — According to a new research report by Global Market Insights Inc., the composite adhesives market should surpass $2 billion by 2024.
The increasing use of adhesives to replace conventional binding and adhering techniques like mechanical bolt, fasteners and welds in the automotive, marine, construction and aerospace industries should help to grow market size. Its growing popularity for various industrial applications can be attributed to a significant reduction in structural weight, fuel consumption and cost savings. Use of structural adhesives also shortens production cycle time and eliminates drilling hole on assemblies, enhancing structural strength.