Reports > Chemicals And Materials > Marine Adhesives Market Report
Marine Adhesives Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Marine Adhesives market, exploring key trends, market size, segmentation, technology impacts, and forecasts for 2023 to 2033. Insights on regional performance and major players in the industry are also included.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $2.50 Billion |
| CAGR (2023-2033) | 5.7% |
| 2033 Market Size | $4.41 Billion |
| Top Companies | 3M Company, Henkel AG, Gorilla Glue, Sika AG, Bostik SA |
| Last Modified Date | 15 Nov 2024 |
Marine Adhesives Market Report (2023 - 2033)
Marine Adhesives Market Overview
What is the Market Size & CAGR of Marine Adhesives market in 2023?
Marine Adhesives Industry Analysis
Marine Adhesives Market Segmentation and Scope
Request a custom research report for industry.
Marine Adhesives Market Analysis Report by Region
Europe Marine Adhesives Market Report:
Europe will witness growth from 0.65 billion USD in 2023 to 1.15 billion USD by 2033, supported by a high number of boat registrations and demand for high-performance adhesives as the region adapts to sustainability standards.Asia Pacific Marine Adhesives Market Report:
The Asia Pacific region exhibits strong growth potential, with a market size projected to reach approximately 0.86 billion USD by 2033 from 0.49 billion USD in 2023. Growing boat manufacturing in countries like China and Japan coupled with rising disposable incomes fuels demand for marine adhesives.North America Marine Adhesives Market Report:
In North America, the market size is projected to grow from 0.91 billion USD in 2023 to 1.60 billion USD by 2033. A strong recreational boating sector and innovative product developments in adhesive technologies are key factors in this region's growth.South America Marine Adhesives Market Report:
In South America, the marine adhesives market is expanding, expected to grow from 0.19 billion USD in 2023 to 0.34 billion USD by 2033. Increased investments in maritime infrastructure and rising tourism in coastal areas drive this growth.Middle East & Africa Marine Adhesives Market Report:
The Middle East and Africa market is expected to rise from 0.27 billion USD in 2023 to 0.47 billion USD by 2033. Key developments include government initiatives to boost maritime industries and increased defense spending in the region.Request a custom research report for industry.
Marine Adhesives Market Analysis By Type
Global Marine Adhesives Market, By Type Market Analysis (2023 - 2033)
In 2023, the Marine Adhesives market by type consists predominantly of polymer-based adhesives, valued at 1.59 billion USD, retaining a market share of 63.5%. Projected to reach 2.80 billion USD by 2033, this segment underscores the durability and versatility needed in harsh marine environments. Solvent-based adhesives, currently valued at 0.60 billion USD with a share of 24.15%, are expected to rise to 1.06 billion USD by 2033. Water-based adhesives are forecasted to expand from 0.31 billion USD in 2023 to 0.54 billion USD by 2033, reflecting growing consumer preference for environmentally friendly products.
Marine Adhesives Market Analysis By Application
Global Marine Adhesives Market, By Application Market Analysis (2023 - 2033)
The marine adhesives market by application reveals a strong preference for boat building, which accounts for 1.59 billion USD in 2023 and is expected to grow to 2.80 billion USD by 2033, representing a significant area of usage. Repair and maintenance applications, starting at 0.60 billion USD, are projected to reach 1.06 billion USD by the same year. Crafts and model making, although smaller at 0.31 billion USD in 2023, will also experience growth extending to 0.54 billion USD.
Marine Adhesives Market Analysis By Technology
Global Marine Adhesives Market, By Technology Market Analysis (2023 - 2033)
Hot melt technology leads the market with a size of 1.59 billion USD in 2023, currently commanding 63.5% of the market share and expected to grow to 2.80 billion USD by 2033. Reactive technology segments boast a 0.60 billion USD value and are projected to double to 1.06 billion USD. Pressure-sensitive technologies, valued at 0.31 billion USD, are also positioned for growth, reaching 0.54 billion USD by 2033.
Marine Adhesives Market Analysis By End Use
Global Marine Adhesives Market, By End-Use Industry Market Analysis (2023 - 2033)
In terms of end-use, the market relies heavily on commercial vessels, which represent 1.59 billion USD in share and are anticipated to hit 2.80 billion USD by 2033. Similarly, leisure boats, currently at a size of 0.60 billion USD, are set to grow significantly, achieving 1.06 billion USD. The defense segment, though smaller, is expected to reach 0.54 billion USD from 0.31 billion USD, demonstrating steady growth.
Marine Adhesives Market Trends and Future Forecast
Request a custom research report for industry.
Global Market Leaders and Top Companies in Marine Adhesives Industry
3M Company:
A global leader in adhesive technologies, 3M offers innovative solutions tailored for marine applications, focusing on durability and performance.Henkel AG:
Known for its expertise in adhesives and sealants, Henkel provides high-quality products for the marine industry, committed to sustainability initiatives.Gorilla Glue:
Gorilla Glue is renowned for its strong and versatile adhesives suitable for various marine applications, catering to both manufacturers and DIY enthusiasts.Sika AG:
Sika is recognized for its pioneering technologies in marine adhesives, offering solutions that comply with environmental and performance standards.Bostik SA:
Bostik provides innovative adhesives with a focus on advanced formulation and application methods for the marine sector.We're grateful to work with incredible clients.
