PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1290479
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1290479
Global Epoxy Adhesive Market is valued at approximately USD 9.2 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5% over the forecast period 2023-2030. Epoxy is used to adhere or join a range of surfaces together with a strong, permanent, and robust bond. Epoxy is used to bond a wide range of substances such as metal, glass, wood, ceramics, tile, and concrete. The growing demand in the automotive and Construction industry are the key factors responsible for the market growth over the forecast period 2023-2030.
The primary key factor anticipated to accelerate the growth of the Epoxy Adhesive Market is higher demand in the automotive and Construction industry. According to the Global Construction 2030 Report, the construction industry across the globe is expected to grow by 85% and is projected to reach USD 15.5 trillion by 2030. and According to the automobile dealers association, In Sep 2020, automotive retail sales in India increased by 11.66%. Also, increasing investment in infrastructure development is creating a lucrative growth prospectus for the market over the forecast period. Moreover, increasing digitalization in the chemical industry and increasing technological adoption and internet availability are anticipated to create a positive outlook for the market. However, strict rules and regulations to produce chemical products stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Epoxy Adhesive Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia-Pacific dominated the market in terms of revenue owing to factors such as Increasing investments in the energy and automotive industries and increased technological advancement in mechanical equipment in the region. North America is the fastest-growing region due to the increasing demand in the End user industry and increasing demand for electrical devices such as smartphones, healthcare, and electric cars etc.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable