Report Id: SNS/C&M/1460 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Epoxy Adhesives Market has a registered size of USD 7.51 Billion in 2022 and is excepted to reach USD 11.79 Billion by 2030, with a CAGR of 5.8 % from 2023 to 2030. 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 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.
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.
By End-Use industry:
Building & Construction
Electrical & Electronics
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 7.51 Billion|
|Market Size by 2030||US$ 11.79 Billion|
|CAGR||CAGR of 5.8% From 2023 to 2030|
|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
Regulatory authorities, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
220.127.116.11 United Kingdom
18.104.22.168 South Korea
22.214.171.124 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Epoxy Adhesives Market, By Type
9. Global Epoxy Adhesives Market, By End-Use Industry
9.1 Building & Construction
9.11 Wind Energy
9.12 Electrical & Electronics
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profiles
11.1 Henkel AG (Germany)
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Sika AG (Switzerland)
11.3 3M Company (US)
11.4 H.B. Fuller (US)
11.5 DuPont (US)
11.6 Illinois Tool Works Incorporation (US)
11.7 Ashland (US), RPM International (US)
11.8 Lord Corporation (US)
11.9 Huntsman Corporation (US)
11.10 Mapie S.p.A. (Italy)
11.11 Panacol-Elosol GmBH (Germany)
11.12 Permabond LLC. (UK)
11.13 Delo Industrie Klebstoffe GmBH & Co. KGAA (Germany)
11.14 Masterbond Inc. (US), Weicon GmBH & Co. KG (Germany)
11.15 Hernon Manufacturing Inc. (US)
11.16 Hubei Huitian New Materials Co. Ltd. (China)
11.17 Parson Adhesives Inc. (US)
11.18 Uniseal Inc. (US)
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share analysis
12.3 Recent Developments
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