Epoxy Adhesives Market (By Technology: One Component, Two Component; By Application: Automotive & Transportation, Building & Construction, Power & Energy, Electrical & Electronics) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Published Date : Oct 2021 | No. of Pages : 150+ Pages | Category : Chemical and Material

The global epoxy adhesives market size is expected to be worth around US$ 12.5 billion by 2030, according to a new report by Vision Research Reports.

The global epoxy adhesives market size was valued at US$ 7.8 billion in 2020 and is anticipated to grow at a CAGR of 6.5% during forecast period 2021 to 2030.

Report Coverage

Report Scope Details
Market Size USD 12.5 billion by 2030
Growth Rate CAGR of 6.5% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Technology, application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned 3M; Ashland; Bostik; Dow; H.B. Fuller Company; Henkel AG & Co. KGaA; Mapei S.P.A; Parker Hannifin Corp; Permabond LLC; Sika AG

Growth Factors

The growth in major end-use industries such as energy, construction, and automotive is expected to boost the demand for epoxy adhesives over the forecast period. Increasing focus on infrastructural developments to propel economic growth, coupled with growing investments in producing Electric Vehicles (EVs) and incorporation of lightweight materials in the automotive industry, is expected to benefit market growth across the forecast period.

A growing focus on sustainable solutions and increasing usage of mass timber in the construction industry is expected to bolster the consumption of adhesives, which is further anticipated to offer lucrative growth opportunities for the market. Furthermore, a surge in DIY home improvement activities has been witnessed during the COVID period, as people were spending more time at home. Thus, wide-scope applications in various industries make the market more lucrative.

By Technology Analysis

The two component segment accounted for a volume share of more than 45.0% in 2020. The high share can be attributed to its preference, owing to advantages such as vibration & shock resistance, tolerance to thermal cycling, long-term durability, strong adhesion to different substrates, uniform stress distribution, fast curing at ambient temperatures, ease of application, and dimensional stability. 

The one component segment is expected to witness a faster growth rate of 7.2%, in terms of revenue, during the forecast period. It is used in applications for structural bonding, repairing, hemming adhesion, bonding, and others in various industries including automotive, aerospace, electronics, and metal fabrication industries.

The others’ segment includes waterborne and radiation-cured epoxy adhesives. The waterborne epoxy adhesives are gaining preference owing to stringent regulations against solvent-based adhesives due to their harmful VOCs. Waterborne epoxy resins also offer high performance and reduce the risk of VOCs and enhance worker safety.

By Application Analysis

Based on application, the automotive and transportation segment accounted for the largest revenue share of more than 43.0% in 2020. Epoxy adhesives adhere to a variety of substrates and offer strong bonds, which makes them applicable in vehicles and aircraft.

The building and construction segment is another major application of the market, where epoxy adhesives are used as structural adhesives owing to their high performance. They provide versatility, long durability, and a high degree of heat resistance for binding a wide range of materials including wood, metal, plastic, and masonry.

The power and energy segment is expected to be the fastest-growing segment in the epoxy adhesives market over the forecast period. Growth in wind power installations accelerates the usage of epoxy adhesives; for instance, wind turbine blade assemblies are made of many bonded and fastened elements

By Regional Analysis

Asia Pacific is expected to witness a revenue-based CAGR of 7.2% over the forecast period. The region holds potential growth opportunities from the construction and automotive industries.

Europe held the second-largest revenue share of the market for epoxy adhesives in 2020. The focus on reducing CO2 emissions in Europe by the implementation of Euro 6d emission standards in 2020 is creating a strong growth potential for lightweight materials in the region. 

Key Players

  • 3M

  • Ashland

  • Bostik

  • Dow

  • H.B. Fuller Company

  • Henkel AG & Co. KGaA

  • Mapei S.P.A

  • Parker Hannifin Corp

  • Permabond LLC

  • Sika AG

Market Segmentation

  • By Technology

    • One Component

    • Two Component

    • Others

  • By Application

    • Automotive & Transportation

    • Building & Construction

    • Power & Energy

    • Electrical & Electronics

    • Others

  • Regional

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • France

      • U.K.

      • Italy

      • Turkey

    • Asia Pacific

      • China

      • Japan

      • India

      • South Korea

    • Central & South America

      • Brazil

    • Middle East & Africa

      • GCC

The Epoxy Adhesives market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Epoxy Adhesives market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Epoxy Adhesives market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Epoxy Adhesives market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Epoxy Adhesives market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Epoxy Adhesives capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Epoxy Adhesives by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Epoxy Adhesives market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Epoxy Adhesives market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Epoxy Adhesives market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Epoxy Adhesives industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Epoxy Adhesives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Epoxy Adhesives market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Epoxy Adhesives market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Epoxy Adhesives market. These factors have benefited the growth of the global market for Epoxy Adhesives. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Epoxy Adhesives. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Epoxy Adhesives are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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