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Epoxy Adhesives Market

Epoxy Adhesives Market Size, Share & Segment By type (One-component, Two-component, Others), By End-Use industry(Building & Construction, Transportation, Bus, Truck, Rail, Aerospace, Marine, Automotive, OEM, Aftermarket, Wind Energy, Electrical & Electronics, Others) , and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/C&M/1460 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Epoxy Adhesives Market has a registered size of USD 7.1 Billion in 2021 and is excepted to reach USD 10.6 Billion by 2028, with a CAGR of 5.8 % from 2022 to 2028. The global epoxy adhesives market is being driven by rising urbanisation and increased use of composites, plastics, and other higher strength metals in the building industry. Epoxy adhesives are widely utilised in this industry due to their excellent bonding qualities, mechanical and electrical insulating properties, chemical and chemical, heat resistance. 

Epoxy Adhesives Market Revenue Graph

MARKET DYNAMICS: 

Epoxy Adhesives are used in diverse industries such as defence and aerospace, automotive,  construction, energy and  marine, power, electrical & electronics, and others. In 2019, the construction industry had the largest share of the market. During the projected period, however, the energy and power category is expected to develop at a high rate. Consumers are increasingly turning to solar, wind, hydropower, and fuel cells as a result of rising environmental consciousness and government initiatives. These renewable systems can survive hostile conditions, intense temperatures, chemical abrasion, and mechanical loads because to the use of epoxy adhesives.  The copolymer created by combining two chemicals, resins, and hardeners is known as Epoxy Adhesive. This substance has excellent mechanical and electrical insulating qualities, as well as exceptional chemical and heat resistivity, and great adhesion and water resistance. Epoxy adhesives are rigid glues that are made by mixing a resin and a hardener. They have a high strength and load resistance. It's a common structural adhesive that comes in one-component, two-component, heat-curing, and room-temperature curing systems. Epoxy adhesives are widely used in a variety of industries, including aerospace and semiconductors, which are two of the largest consumers of epoxy adhesives.

IMPACT OF COVID-19: 

The advent of the COVID-19 pandemic continues to be a concern for the sector, resulting in a drop in market growth in 2020. The pandemic has had a severe impact on a variety of industries, which saw a considerable drop in the first half of 2020. New obstacles for sectors have emerged as a result of the crisis, including raw material price increases, supply chain disruptions, production halts, and worker capacity reductions.

In the second half of 2020, the market scenario began to improve. Restrictions were evident in the first quarter of 2021, however, due to the virus's continued second and third waves. Demand from end-use industries, along with transportation constraints and low output, resulted in an increase in material prices.

Key Players:

Henkel AG, 3M Company, H.B. Fuller,  DuPont, Illinois Tool Works Incorporation, Ashland, RPM International, Huntsman Corporation, Mapie S.p.A., Panacol-Elosol GmBH, Permabond LLC., Masterbond Inc., Weicon  Hernon Manufacturing Inc., Hubei Huitian New Materials Co. Ltd., Parson Adhesives Inc., and Uniseal Inc., GmBH & Co. KG, Lord Corporation, Delo Industrie Klebstoffe GmBH & Co. KGAA, and other players.

The market is divided into three types: one-component, two-component, and others. During the forecast period, the one-component type segment is expected to grow at the fastest rate. The demand for this category is being driven by reasons such as its short curing time and solvent-free and user-friendly qualities.

The market is divided into four categories based on end use industry: building and construction, transportation, electrical and electronics, and others. During the projected period, the wind energy category is expected to grow at the fastest rate. The demand for this category is being fueled by reasons such as ongoing advances in the structure of blades and other wind turbine components.

Market Segmentation:

By Type:

  • One-component

  • Two-component

  • Others

By End-Use industry:

  • Building & Construction

  • Transportation

  • Bus

  • Truck

  • Rail

  • Aerospace

  • Marine

  • Automotive

  • OEM

  • Aftermarket

  • Wind Energy

  • Electrical & Electronics

  • Others

Epoxy Adhesives Market Segment Pie Chart

Regional Analysis:

In 2021, Asia Pacific led the global market, and this trend is likely to continue over the forecast period. Market expansion in this region is supported by rising industrial growth, urbanisation, and growth in the automotive sector. Epoxy adhesives are in higher demand in Asia-Pacific due to growing uses in construction, defence and aerospace, and marine industries. This region's growth is fueled by rising demand for miniaturised and high-performance electronics, as well as rising awareness about the adoption of electric vehicles. To take advantage of the growing potential presented by China, Japan, India, and South Korea, major global businesses are extending their presence in these countries.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Epoxy Adhesives Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 7.1 Billion
Market Size by 2028 US$ 10.6 Billion
CAGR CAGR of 5.8% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By type (One-component, Two-component, Others)
• By End-Use industry(Building & Construction, Transportation, Bus, Truck, Rail, Aerospace, Marine, Automotive, OEM, Aftermarket, Wind Energy, Electrical & Electronics, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Henkel AG, 3M Company, H.B. Fuller,  DuPont, Illinois Tool Works Incorporation, Ashland, RPM International, Huntsman Corporation, Mapie S.p.A., Panacol-Elosol GmBH, Permabond LLC., Masterbond Inc., Weicon  Hernon Manufacturing Inc., Hubei Huitian New Materials Co. Ltd., Parson Adhesives Inc., and Uniseal Inc., GmBH & Co. KG, Lord Corporation, Delo Industrie Klebstoffe GmBH & Co. KGAA, and other players.


Frequently Asked Questions (FAQ) :

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

 

Ans: Key Stakeholders Considered in the study:
Raw material vendors
Distributors/traders/wholesalers/suppliers
Regulatory authorities, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade/Industrial associations
End-use industries are the stakeholder in this report

Ans: The Asia Pacific has the highest share of the antimicrobial plastics market.

Ans: One-component, Two-component And Others are the sub-segments of by type segment.

Ans: Epoxy Adhesives Market size was valued at USD 8.9 Billion in 2022 and is projected to reach USD 11.88 Billion by 2028, growing at a CAGR of 6.2 % from 2022 to 2028.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. The SNS Graph

 

9. Global Epoxy Adhesives Market, By Type

9.1 One-component

9.2 Two-component

9.3 Others

 

10. Global Epoxy Adhesives Market, By End-Use Industry

10.1 Building & Construction

10.2 Transportation

10.3 Bus

10.4 Truck

10.5 Rail

10.6 Aerospace

10.7 Marine

10.8 Automotive

10.9 OEM

10.10 Aftermarket

10.11 Wind Energy

10.12 Electrical & Electronics

10.13 Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6  Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company Profiles

12.1 Henkel AG (Germany)

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Sika AG (Switzerland)

12.3 3M Company (US)

12.4 H.B. Fuller (US)

12.5 DuPont (US)

12.6 Illinois Tool Works Incorporation (US)

12.7 Ashland (US), RPM International (US)

12.8 Lord Corporation (US)

12.9 Huntsman Corporation (US)

12.10 Mapie S.p.A. (Italy)

12.11 Panacol-Elosol GmBH (Germany)

12.12 Permabond LLC. (UK)

12.13 Delo Industrie Klebstoffe GmBH & Co. KGAA (Germany)

12.14 Masterbond Inc. (US), Weicon GmBH & Co. KG (Germany)

12.15 Hernon Manufacturing Inc. (US)

12.16 Hubei Huitian New Materials Co. Ltd. (China)

12.17 Parson Adhesives Inc. (US)

12.18 Uniseal Inc. (US)

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

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Secondary Research

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