Epoxy Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Epoxy Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global epoxy adhesives market size reached US$ 7.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.

Epoxy adhesives comprise epoxy resins and curing agents that are used to adhere or join surfaces together with a strong, permanent, and robust bond. They have high durability as epoxy adhesives maintain their resilience for an extended period. They do not melt when exposed to high temperatures as these adhesives provide enhanced thermosetting. They are used in underwater construction due to their no shrinkage and waterproof properties. As they offer good chemical resistance, high void-filling capabilities, electrical and thermal conductivity, and enhanced versatility, epoxy adhesives find extensive applications in construction, transportation, marine, automotive, and electrical industries.

Epoxy Adhesives Market Trends:
The growing investments in producing electric vehicles (EVs) to reduce the emissions of greenhouse gases represent one of the key factors driving the market. Besides this, there is a rise in the installation of lightweight materials in automobiles to reduce their weight and offer high efficiency. This, along with the burgeoning automotive sector, is contributing to the growth of the market. Moreover, several benefits offered by epoxy adhesives, such as vibration and shock resistance, tolerance to thermal cycling, long-term durability, strong adhesion to different substrates, uniform stress distribution, ease of application, and dimensional stability, are positively influencing the market. In addition, the increasing utilization of epoxy adhesives in the construction industry to bond metals, concrete, glass, ceramics, and various plastics is propelling the growth of the market. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce radiation-cured epoxy adhesives. They are also offering waterborne epoxy adhesives to reduce the risk of volatile organic compounds (VOCs) and enhance worker safety, which is expected to bolster the growth of the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global epoxy adhesives market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, distribution channel and end use industry.

Breakup by Product Type:

One-component
Two-component
Others

Breakup by Distribution Channel:

Online
Offline

Breakup by End Use Industry:

Aerospace and Defense
Automotive
Marine
Electrical and Electronics
Construction
Energy and Power
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Bostik SA (Arkema S.A.), DELO Industrial Adhesives, DuPont de Nemours Inc., Helmitin Adhesives, Hexcel Corporation, Mapei S.p.A., Master Bond Inc., Parker Hannifin Corporation, Permabond LLC, Pidilite Industries Limited and Sika AG.

Key Questions Answered in This Report
1. What was the size of the global epoxy adhesives market in 2022?
2. What is the expected growth rate of the global epoxy adhesives market during 2023-2028?
3. What are the key factors driving the global epoxy adhesives market?
4. What has been the impact of COVID-19 on the global epoxy adhesives market?
5. What is the breakup of the global epoxy adhesives market based on the product type?
6. What are the key regions in the global epoxy adhesives market?
7. Who are the key players/companies in the global epoxy adhesives market?