Global Epoxy Adhesive Market Size study & Forecast, by End User (Aerospace, Automotive, Building And Construction, Footwear and Leather, Healthcare, Packaging, Woodworking And Joinery), by Technology (Reactive, Solvent-borne, UV Cured Adhesives, Water-borne) and Regional Analysis, 2023-2030
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.
Major market player included in this report are:3M Company
Arkema S.A. Group
H.B. Fuller Company
Henkel AG & Co. KGaA
Sika AG
Permabond Engineering Adhesives Limited
Dupont de Nemours, Inc
The Dow chemical company
Pidilite Industries Limited
Mapei S.P.A.
Recent Developments in the Market:In Dec 2020, Mepei S.A. began the construction of its third production facility in Mathura, to meet demand from northern India.
In Feb 2022, H.B. Fuller announced the acquisition of Fourny NV to boost its European construction adhesives business.
Global Epoxy Adhesive Market Report Scope:Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - End User, Technology, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
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: By End User:
Aerospace
Automotive
Building And Construction
Footwear And Leather
Healthcare
Packaging
Woodworking
Joinery
By Technology:
Reactive
Solvent-borne
UV Cured Adhesives
Water-borne
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Companies Mentioned3M Company
Arkema S.A. Group
H.B. Fuller Company
Henkel AG & Co. KGaA
Sika AG
Permabond Engineering Adhesives Limited
Dupont de Nemours, Inc
The Dow chemical company
Pidilite Industries Limited
Mapei S.P.A.
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