PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1175993
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1175993
The epoxy adhesives market is projected to grow from USD 9.2 billion in 2022 and is projected to reach USD 11.7 billion by 2027, at a CAGR of 5.0%, between 2022 and 2027 period. Two-component epoxy adhesives, by type segment in Asia Pacific region is expecting a boom in the forecasted period and will lead to an increase in the demand for epoxy adhesives market.
" Two-component epoxy adhesives accounted for the largest segment of epoxy adhesives market."
Two-component epoxy adhesives account for the largest market share in terms of value. These adhesives offer a unique versatility in application and performance. They consist of a resin and a hardener formulated to offer mechanical, thermal, optical, and electrical properties. One-component epoxy adhesive is a fast-growing segment in the overall epoxy adhesives market because of its advanced properties, which include instant curing properties, solvent-less system, and superior resistance against loads or pressure.
"Asia Pacific is forecasted to be the fastest-growing epoxy adhesives market during the forecast period."
Asia Pacific remains the highest growing region, with key large adhesive producers establishing their manufacturing bases here. The production of manufactured goods is increasing to meet the increasing demand driven by improving living standards, especially in the consumer product and disposable markets, which use large volumes of commodity adhesives. Many new production facilities- export-oriented and for domestic markets-use the latest manufacturing processes designed for using adhesives instead of the older mechanical fastening equipment that manufacturers first used in developed regions.
The key companies profiled in this report are Henkel AG & Co. KGaA (Germany), Sika Group (Switzerland), 3M (US), H.B. Fuller Company (US), DuPont (US).
The epoxy adhesives market has been segmented based on by Type (One-Component, Two-Component, and Others), By End-use Industry (Building & Construction, Transportation, Marine, Automotive, Wind Energy, Electrical & Electronics, and Others), and by Region (Asia Pacific, North America, Europe, South America, and Middle East & Africa).
Reasons to Buy the Report
From an insight perspective, this research report focuses on various levels of analyses - industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))**