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Renewable energy & automotive sectors to drive composite adhesives market

Global composite adhesives market to reach $ 1.78 billion by 2022, says MarketsandMarkets report

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BS B2B Bureau Pune (India)
The growing trend of lightweight vehicles, renewable & eco-friendly wind energy generation, and continuous improvements in the aerospace industry are driving the demand for composite adhesives worldwide. According to the latest MarketsandMarkets report, the global composite adhesives market, valued at $ 1.13 billion in 2016, is projected to reach $ 1.78 billion by 2022, at a CAGR of 7.9 percent from 2017 to 2022.

“Increasing demand for lightweight vehicles, renewable energy, and advanced aircraft solutions for aerospace industry are expected to lead to the growth of the composite adhesives market in the coming years. On the contrary, environmental regulations and unstable