Epoxy Adhesives - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Epoxy Adhesives Market is accounted for $6.40 billion in 2018 and is expected to reach $11.76 billion by 2027 growing at a CAGR of 7.0% during the forecast period. Rising demand for lightweight, low carbon-emitting vehicles and epoxy adhesives in building & construction and wind energy industries are the factors driving the market growth. However, stringent environmental regulations in North America and European countries are some of the factors restraining the market growth.
Epoxy adhesive is a high strength adhesive largely used in numerous end-use industries. It is made up of epoxy resins and is used on various substrates such as plastics, wood, stones, metals and glass. The epoxy adhesive takes the time to set after application; they can be set fast with the help of heat or exposure to ultraviolet light. Epoxy adhesive is cured by exposing it to the ultraviolet light and then they are used in the manufacturing of optics and optoelectronics. They are the most commonly used structural adhesives owing to its strong adhesion property.
Based on end user, building & construction segment is going to have a lucrative growth due to increasing usage of composites, plastics, and other higher strength metals. Growing urbanization is fueling the growth of the construction sector, which is driving the epoxy adhesives market. By geography, Asia Pacific is likely to have a huge demand due to increased government investments in developing countries for infrastructure, such as public utilities, commercial, and entertainment structures, and housing demands to cater to the steadily-growing population, the demand for epoxy adhesives in this region is expected to growth significantly.
Some of the key players in Global Epoxy Adhesives Market include Weicon GmbH & Co KG, Sika AG, RPM International Inc, Permabond LLC, Panacol-Elosol GmbH, Masterbond Inc, Mapei S.P.A, Lord Corporation, Illinois Tool Works Incorporation, Huntsman Corporation, Henkel AG, H.B. Fuller, DuPont, Delo Industrie Klebstoffe GmbH & Co KGaA, Ashland Inc, 3M.
• One-Component Epoxy Adhesives
• Two-Component Epoxy Adhesives
• Other Types
End Users Covered:
• Building & Construction
• Wind Energy
• Electrical & Electronics
• Sports Equipment Industry
• Energy and Power
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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