Epoxy Adhesive is a synthetic mixture of epoxy polymer/resin and a hardener used to attach various surfaces with a strong, durable, and resilient thermosetting bond that can withstand extreme stress and environmental conditions. According to BlueQuark Research & Consulting, the global Epoxy Adhesive market is expected to witness a significant growth rate during the forecasted period. Factors like the growing usage of composites, plastics, and other higher strength metals in the building & construction industry are expected to drive the global Epoxy Adhesive market in the forecasted period. Further, the increasing demand for lightweight materials in the automotive and transportation industry is projected to drive the Epoxy Adhesive market in the forecasted period. Furthermore, the increased use of Epoxy Adhesive in the Electrical and Electronics market due to its attractive properties like electrical insulation, heat resistance, etc., is expected to drive the global Epoxy Adhesive market in the forecasted period. However, factors like stringent regulation by government bodies are expected to hinder the growth of the Global Epoxy Adhesive market in the forecasted period.
Epoxy Adhesive is used for building residential and commercial facilities, shopping malls, freezing chambers, warehouses, airports, hospitals, garages, vehicles, showrooms, etc. It can be used on substrates like rubber, plastic, ceramics, glass, wood, etc.
The Primary use of Epoxy Adhesives is in the Building and Construction Industry. The desirable properties of Epoxy Adhesives, like quick-drying in ambient temperature, Chemical resistance, temperature resistance, abrasion resistance, scratch resistance, strong bonding characteristics, high mechanical strength, and superior finishing, are expected to drive the global Epoxy Adhesives market. Its primary usage could be found in concrete repair, anchoring purposes, woodworking, and carpentry applications to increase the strength of adhesives with the wooden surface in construction. These adhesives are generally used to bond steel, reinforcing plates, or carbon laminates and strengthen beams and columns. Further, they are used in bonding segments in bridges & viaducts, where they substitute entirely metal screws or bolts, providing an effective resistance to constant load on the road & different temperature ranges, thereby supporting the growth of the Epoxy Adhesive market. Furthermore, it is widely used in the bonding of fasteners. It protects fastening materials such as bolts from stress & corrosion, anchoring bolts & steel bars in concrete, and joining ends of metal pipes for the sewage system. They are also commonly used to bond steel and reinforcements to strength beams and columns. They are also worn in woodworking and carpentry applications to increase adhesion strength with wooden surfaces in construction. Epoxy adhesives are extensively employed in public infrastructures, like bridges for joining precast materials, and are also used for bonding steel reinforcement components and carbon laminates for columns and slabs. Anchoring bolts and steel bars in concrete and joining the ends of concrete or metal pipes for sewage systems are other applications involving epoxy adhesives. These are the factors projected to drive the growth of the Global Epoxy Adhesive market.
The Asia-Pacific region is expected to be a market leader in the future as it is one of the fastest-growing markets for Epoxy Adhesive. Increasing government and private sector investment in infrastructure development combined with rapid urbanization in emerging countries have boosted the growth of the Building & Construction Industry, thereby driving the Asia-Pacific market. China and India are the primary consumers in Asia Pacific Region, with China holding a sizeable economic GDP. Increasing focus on infrastructural developments to drive economic growth, coupled with growing investments in producing Electric Vehicles and incorporation of lightweight materials in the automotive industry, is expected to benefit market growth across the forecast period. Further, the increase in the construction industry in China due to its central government's push for infrastructure development to sustain economic growth, with China's already existing largest automotive sector, is projected to drive the market for Epoxy Adhesives. The development of the aerospace industry is a vital driver of the development of the epoxy adhesives market. The blades of the aircraft are joined using epoxy adhesives. Due to the exclusive mechanical properties of epoxy adhesives, like resistance to creep under sustained load, pressure variations, and temperature, they are the adhesives of choice for the aerospace sector. The semiconductor industry uses epoxy adhesives to manufacture printed circuit boards, integrated circuits, and transistors. The semiconductor sector is growing exponentially due to the increase in the usage of electronic gadgets. Furthermore, the Indian government's initiative to attract FDI in the automotive sector by allowing 100% FDI under the automatic route and introducing the Green Urban Transport scheme to boost low carbon path urban transport is estimated to drive the Epoxy Adhesive Market in this region. Moreover, Epoxy Adhesive has been widely employed in public infrastructure like bridges for bonding steel reinforce components & carbon lamination for columns and slabs. Growth in wind power installations accelerates the use of epoxy adhesives. For instance, wind turbine blade assemblies are made of many bonded and fastened elements. Other applications consist of bonding, metal insert attachment, thread locking, and joining of external parts and components. Growth in wind power installations is anticipated to augment the growth of the market for epoxy adhesives over the forecast period. Factors like these have made Asia-Pacific an essential scope for the global Epoxy Adhesive market.
Some of the market's key players are Henkel AG, Sika AG, 3M Company, DuPont, The Arkema Group, and RPM International.
In Oct 2021, Hexion Holdings planned to separate as two independent companies.
In Oct 2021, New EP62-1HTMed Epoxy with 12 to 24 hours working life.
The Global Epoxy Adhesive Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Epoxy Adhesive market by segmenting based on product type (1K, 2K, others), End-User Industry (Building & Construction, Automotive, Transportation, Electrical & Electronics & Others). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
Global Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
North America Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
United States Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Canada Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Mexico Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Europe Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
United Kingdom Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Germany Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Italy Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
France Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Other Supporting Charts
Rest of Europe Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
South America Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Brazil Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Argentina Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Rest of South America Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Asia-Pacific Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
China Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
India Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Japan Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
South Korea Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Rest of Asia-Pacific Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Middle East & Africa Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Saudi Arabia Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
South Africa Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Rest of Middle-East & Africa Epoxy Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027