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  • Epoxy Adhesives Market Growth Analysis | 2023-2028

    Epoxy Adhesives Market Growth Analysis | 2023-2028

    Epoxy Adhesives Market Growth Analysis | 2023-2028
    Report code - SRAM391 Delivery - 2 Weeks
    Epoxy Adhesives Market Size, Share, Trends, Forecast, & Growth Analysis - 2023-2028
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    Market Insights

    The epoxy adhesives market was estimated at USD 7.73 billion in 2022 and is likely to grow at a CAGR of 5.78% during 2023-2028 to reach USD 10.83 billion in 2028.

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    What are epoxy adhesives?

    Epoxy adhesives are copolymers that are formed by the process of mixing a resin and a hardener together. Epoxy adhesives offer excellent features such as high strength, capacity to adhere to a wide variety of materials, and chemical and environmental resistivity, due to which they are the most widely used structural adhesives.

    These adhesives are available in different forms such as one-component, heat-curing two-component, and room-temperature curing systems.

    Epoxy Adhesives Market Report Highlights

    Market Size in 2022

    USD 7.73 billion

    Market Size in 2028

    USD 10.83 billion

    Market Growth (2023-2028)

    5.78% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Dynamics

    The epoxy adhesives market is influenced by several drivers that contribute to its growth and development. Here are some key drivers:

    • Superior bonding properties – Epoxy adhesives possess high strength and durability and offer excellent bonding properties. These properties make epoxy adhesives suitable for applications in industries like aerospace, electronics, marine, construction, etc. The increasing demand for lightweight materials and adhesive components in these sectors also drives the demand for epoxy adhesives.
    • Growing demand for sustainable adhesives – There is a growing demand for non-hazardous, green, and sustainable adhesives. Epoxy adhesives are generally considered to be environment friendly compared to other types of adhesives since they have low volatile organic compound (VOC) content. Hence, there is a growing demand for epoxy adhesives.
    • Rising demand for high-performance adhesives in the electronics and aerospace industries – Electronics and aerospace are two such industries that are growing rapidly. These growing industries require high-performance adhesives to provide a high level of durability and strength to their products. Epoxy adhesives are used to bond components in electronic devices and are also used in fixing or sealing joints in aircraft.

    Epoxy-Adhesives-Market-Dynamics

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    Segments Analysis

    By Type

    The epoxy adhesives market is segmented into one-component epoxy adhesives, two-component epoxy adhesives, and other epoxy adhesives. One-component epoxy adhesives are estimated to witness the highest growth in the market during the forecast period. The solvent-free and user-friendly features, and the quick curing time of one-component adhesives, make them more effective and they are easier to control as compared to two-component epoxy adhesives.

    By End-Use Industry Type

    The market is segmented into building & construction, transportation, wind energy, electrical & electronics, automotive, marine, and other end-use industries. Wind energy is estimated to be the fastest-growing end-use industry in the market during the forecast period. There is an ongoing development process for making the blade lighter and taller. The continuous development in the blade structure and other turbine components is driving the growth of wind energy.

    Epoxy adhesives are dominantly used in manufacturing turbine blades and are the most effective solution for the adhesion of blade parts. The growing usage of renewable energy and the installation of windmills in different areas is also fueling the growth of the epoxy adhesives market.

    Regional Insights

    Asia-Pacific is estimated to be the fastest-growing market during the forecast period. The growth of the market is driven by the growth of various end-use industries, such as building & construction, transportation, wind energy, electrical & electronics, automotive, marine, and others, out of which, building & construction is majorly contributing to the rising demand for epoxy adhesives in the Asia-Pacific region.

    The investments in the infrastructure development for government and private sectors are growing, which in turn, will give rise to the improvement of the building & construction industry in countries, such as India and China, driving the demand for epoxy adhesives in the region during the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Epoxy-Adhesives-Market-Regional-Insights

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    Critical Questions Answered in the Report

    • What are the key trends in the market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The epoxy adhesives market is segmented into the following categories.

    By Type

    • One-Component Epoxy Adhesives
    • Two-Component Epoxy Adhesives
    • Other Epoxy Adhesives

    By End-Use Industry Type

    • Building & Construction
    • Transportation
    • Wind Energy
    • Electrical & Electronics
    • Automotive
    • Marine
    • Others

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Epoxy-Adhesives-Market-Segmentation

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    Key Players

    Some of the major players in the market are-

    • Ashland Inc.
    • DuPont de Nemours, Inc.
    • H.B. Fuller
    • Henkel AG & Company
    • KGaA
    • Huntsman Corporation
    • Illinois Tool Works Incorporation
    • LORD Corporation
    • RPM International Inc.
    • Sika AG
    • The 3M Company

    Target Audience

    The following is a list of the customers that the market aims to convert the most:

    • Manufacturers
    • Suppliers
    • Distributors
    • Organizations
    • Government bodies

    Research Methodology

    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 the 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 most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Epoxy Adhesives Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Customization Option

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 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.

    Frequently Asked Questions (FAQs)

    Epoxy adhesives are copolymers that are formed by the process of mixing a resin and a hardener together. Epoxy adhesives offer excellent features such as high strength, capacity to adhere to a wide variety of materials, and chemical and environmental resistivity, due to which they are the most widely used structural adhesives. These adhesives are available in different forms such as one-component, heat-curing two-component, and room-temperature curing systems.

    The epoxy adhesives market was estimated at USD 7.73 billion in 2022.

    The epoxy adhesives market is likely to reach USD 10.83 billion in 2028.

    The epoxy adhesives market is likely to grow at a CAGR of 5.78% during 2023-2028.

    Some of the major players in the market are Ashland Inc., DuPont de Nemours, Inc., H.B. Fuller, Henkel AG & Company, KGaA, Huntsman Corporation, Illinois Tool Works Incorporation, LORD Corporation, RPM International Inc., Sika AG, and the 3M Company.

    Asia-Pacific is estimated to be the fastest-growing market during the forecast period.

    The epoxy adhesives market is influenced by several drivers that contribute to its growth and development. Here are some key drivers: 1. Superior bonding properties Epoxy adhesives possess high strength and durability and offer excellent bonding properties. These properties make epoxy adhesives suitable for applications in industries like aerospace, electronics, marine, construction, etc. The increasing demand for lightweight materials and adhesive components in these sectors also drives the demand for epoxy adhesives. 2. Growing demand for sustainable adhesives There is a growing demand for non-hazardous, green, and sustainable adhesives. Epoxy adhesives are generally considered to be environment friendly compared to other types of adhesives since they have low volatile organic compound (VOC) content. Hence, there is a growing demand for epoxy adhesives. 3. Rising demand for high-performance adhesives in the electronics and aerospace industries Electronics and aerospace are two such industries that are growing rapidly. These growing industries require high-performance adhesives to provide a high level of durability and strength to their products. Epoxy adhesives are used to bond components in electronic devices and are also used in fixing or sealing joints in aircraft.

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