Market Highlights
Marine adhesives are specialized adhesive products designed for use in marine environments. These adhesives are formulated to provide strong and durable bonds in conditions commonly encountered in marine applications, including exposure to water, saltwater, UV radiation, and other harsh environmental factors. Marine adhesives find extensive use in boat building, ship repair, and various other marine-related construction and maintenance projects.
A key driver behind the development and widespread use of marine adhesives is the need for robust bonding solutions in the maritime industry. These adhesives exhibit exceptional water resistance, shielding structures from the corrosive effects of saltwater and ensuring enduring bonds even in the presence of moisture. The ability to resist UV radiation is another critical driver, as marine structures are often exposed to intense sunlight. Flexibility is incorporated to accommodate the dynamic movements and vibrations experienced in marine applications, enhancing the longevity of bonded joints. Further, the capacity to withstand a range of temperatures, from freezing cold to scorching heat, contributes to the stability of marine adhesive bonds. Overall, the marine adhesives market is likely to rebound at a promising CAGR of 5.1% in the long run to reach US$481.7 Million in 2028.
Segments Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Resin-Type Analysis
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Epoxy, Polyurethane, Acrylic, and Others
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Polyurethane is anticipated to remain the biggest demand generator in the years to come.
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Substrate-Type Analysis
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Metals, Composites, Plastics, and Others
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Metals substrate type is dominating in marine adhesives market.
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Vessel Analysis
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Cargo, Passenger, Boats, and Others
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Boats holds the largest market share in marine adhesives market.
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Application Analysis
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Deck Systems, Glazing, Panel Bonding, and Others
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Deck Systems has the largest market in the forecasted period.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Asia-Pacific is expected to remain the largest market over the next five years.
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Based on the resin type, the marine adhesives market is segmented into epoxy, polyurethane, acrylic and others. Polyurethane is expected to remain the largest resin type in the market during the forecast period due to its unique combination of properties that align well with the demanding conditions of marine environments. One of the key drivers behind the increasing use of polyurethane adhesives is their remarkable flexibility. In marine applications where structures are subjected to constant movement, vibrations, and dynamic forces, polyurethane adhesives can maintain strong bonds without becoming brittle or compromising integrity. Additionally, polyurethane adhesives exhibit excellent water resistance, crucial for withstanding the persistent exposure to saltwater and moisture prevalent in marine settings.
Based on the vessel, the market is segmented into cargo, passenger, boats and others. Boats is expected to remain the dominant vessel in the market due to their ability to collectively enhance the efficiency, durability, and performance of boat construction and repair. One significant driver is the increasing demand for lightweight yet structurally robust materials in boat manufacturing. Marine adhesives, particularly advanced formulations like epoxy and polyurethane adhesives, contribute to this trend by providing strong bonding capabilities without the added weight associated with traditional mechanical fastening methods. Moreover, the versatility of marine adhesives enables effective bonding across a variety of materials commonly used in boat construction, including fiberglass, wood, and metal. The desire for improved aesthetics also plays a role, as marine adhesives facilitate smooth and seamless bonding, eliminating the need for visible fasteners and enhancing the overall appearance of boat surfaces.
In terms of regions, Asia-Pacific is expected to remain the largest market for marine adhesives during the forecast period. This region has an expanding maritime industry and rising demand for advanced bonding solutions. One of the primary drivers is the robust economic development in key APAC countries, including China, South Korea, and Japan, leading to increased investments in marine infrastructure, shipbuilding, and repair activities. As these nations emerge as global leaders in maritime commerce, there is a parallel surge in the demand for high-performance marine adhesives to ensure the structural integrity and longevity of vessels and marine structures. Moreover, the thriving manufacturing sector in APAC, particularly in boat and ship production, fuels the need for cutting-edge adhesives that offer versatility, durability, and resistance to the harsh marine environment.
Key Players
The following are the key players in the marine adhesives market:
- Henkel
- 3M
- Sika
- ITW
- Huntsman
- H.B. Fuller
- Ashland
- Bostik
- LORD Corporation
- Scott Bader
- MAPEI
- Permabond
Research Methodology
This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s marine adhesives market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for existing and new players
- Key success factors
The marine adhesives market is segmented into the following categories.
Marine Adhesives Market, by Resin Type
- Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Polyurethane (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Acrylic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Marine Adhesives Market, by Substrate Type
- Metals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Plastics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Marine Adhesives Market, by Vessel
- Cargo (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Passenger (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Boats (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Marine Adhesives Market, by Application
- Deck Systems (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Glazing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Panel Bonding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Marine Adhesives Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.
