The global demand for Epoxy Adhesives Market is presumed to reach the market size of nearly USD 22.51 BN by 2030 from USD 11.53 BN in 2022 with a CAGR of 8.72% under the study period 2023 - 2030.
Epoxy adhesives are industrial adhesives created around the epoxy molecule and are high strength adhesives that are widely utilized in various industries. They are composed of epoxy resins consisting of the chemical bisphenol A. Epoxy adhesives can be used to adhere to multiple substrates, including wood, metals, plastics, glass, and stones. Epoxy adhesives take time to cure or set after application.
Market Dynamics
Epoxy adhesives are flexible materials with various uses, including construction, automotive, aerospace, and electrical & electronics, among others. The expansion of the aerospace sector is a significant driver of the epoxy adhesives market. Epoxy adhesives are used to attach aeroplane blades. Because of its excellent mechanical qualities, such as resistance to creep under continuous load, temperature, and pressure fluctuations, epoxy adhesives are the adhesives of choice for the aerospace sector, indirectly driving the epoxy adhesives market. Epoxy adhesives are used in the semiconductor industry to build printed circuit boards, integrated circuits, and transistors. Because of the increased use of electronic devices, the semiconductor sector is expanding exponentially. This is propelling the epoxy adhesives industry. As environmental consciousness grows, consumers are increasingly turning to solar, wind, hydropower, and fuel cells. Epoxy adhesives allow these renewable systems to survive severe conditions, extreme temperatures, chemical abrasion, and mechanical strains. As a result, the epoxy adhesives market is expanding. Drone manufacturing is expected to rise because of the quick acceptance of drones in various nations' air forces and the rising recognition of drones' commercial and recreational value, thus, remaining another critical driver for the market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of epoxy adhesives. The growth and trends of epoxy adhesives industry provide a holistic approach to this study.
Market Segmentation
This section of the epoxy adhesives market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- One-Component
- Two-Component
- Others (Radiation Curable Epoxy Adhesives And Waterborne Epoxy Adhesives)
By End-Use Industry
- Building & Construction
- Transportation (Bus, Truck, Rail, Aerospace)
- Marine
- Automotive (Oem, Aftermarket)
- Wind Energy
- Electrical & Electronics
- Others (Medical Device Assembly And Agricultural Machinery Assembly)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Epoxy Adhesives market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Epoxy Adhesives Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the epoxy adhesives market include Henkel AG (Germany), Sika AG (Switzerland), 3M Company (US), H.B. Fuller (US), DuPont (US), Illinois Tool Works Incorporation (US), Ashland (US), RPM International (US), Lord Corporation (US), Huntsman Corporation (US), Mapie S.p.A. (Italy), Panacol-Elosol GmBH (Germany), Permabond LLC. (UK), Delo Industrie Klebstoffe GmBH & Co. KGAA (Germany), Masterbond Inc. (US), Weicon GmBH & Co. KG (Germany), Hernon Manufacturing Inc. (US), Hubei Huitian New Materials Co. Ltd. (China), Parson Adhesives Inc. (US), and Uniseal Inc. (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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