Epoxy Adhesives Market | Covid-19 Impact Analysis

Epoxy Adhesives Market Insights

Epoxy Adhesives Market is likely to witness an impressive CAGR of 5.8% during the forecast period. The usage of composites, plastics, and other metals having higher strength is growing in the construction industry which is driving the growth of the epoxy adhesives market globally. Further, properties such as strong bonding, excellent mechanical & electrical insulating features, and heat & chemical resistance, are the major factors for epoxy adhesives being broadly used in the construction industry.

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Market Share Analysis

Epoxy Adhesives Market Share: By Type

Based on the type, the market is segmented as 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, makes them more effective and they are easier to control as compared to two-component epoxy adhesives.

Epoxy Adhesives Market Share: By End-Use Industry Type

Based on the end-use industry type, the epoxy adhesives market is segmented as 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 of the market during the forecast period. There is an ongoing development process for making the blade lighter and taller. The continuous development in the blades 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 installation of windmills in different areas is also fueling the growth of the epoxy adhesives market.

Epoxy Adhesives Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the fastest-growing epoxy adhesives 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 is 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.

Some of the major players in manufacturing epoxy adhesives 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

Market Scope & Segmentation

Epoxy adhesives are copolymers which 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 and two-component, and room temperature curing systems.

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.

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The epoxy adhesives market is segmented into the following categories. 

Epoxy Adhesives Market Size, Share, & Forecast, by Type:

• One-Component Epoxy Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Two-Component Epoxy Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Other Epoxy Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Epoxy Adhesives Market Size, Share, & Forecast, by End-Use Industry Type:

• Building & Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Transportation
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (End-Use Industry Type Analysis: Bus and Truck, Railways, and Aerospace)
• Wind Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Electrical & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Automotive
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (End-Use Industry Type Analysis: OEM and Aftermarket)
• Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Other End-Use Industries (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Epoxy Adhesives Market Size, Share, & Forecast, 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)

Research Methodology

This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the 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 the market dynamics and will enable strategic decision making for the 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, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report 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 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by end-use industry type.  

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 at [email protected].