2K Epoxy Adhesives Market Size, By End Use (Building & Construction, Transportation, Automotive, Aerospace OEM, Wind Energy, Marine, Electronics, Others), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share

2K Epoxy Adhesives Market Size, By End Use (Building & Construction, Transportation, Automotive, Aerospace OEM, Wind Energy, Marine, Electronics, Others), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2030

The global 2K epoxy adhesives market is slated to grow at a significant rate through 2030. These adhesives have widespread applications across electronics, transportation, marine, automotive, electronics, and other sectors. The advent of electric mobility and the growing focus on limiting CO2 emissions is expected to fuel the demand for epoxy adhesive solutions in the automotive sector.

Companies specializing in epoxy adhesive solutions are forming strategic partnerships with other firms to develop products specific to the EV domain. For instance, in January 2019, Henkel Adhesive Solutions, a leading provider of adhesives, sealants and functional coatings, signed a partnership with RLE International to design new e-mobility concepts and lightweight innovations as well as further strengthen its position in the adhesives landscape.

Two-component (2K) epoxy adhesives are gaining traction owing to their various benefits and favorable physical properties. These adhesives are extremely strong and ensure high fatigue resistance. They also have high chemical inertness and are widely used in filling gaps or proving electrical insulation.

Various 2K epoxy adhesive manufacturers are developing novel products to best cater to end-user industries. In March 2022, Arkema launched a new CLEARSTRENGTH XT® 151, an innovative and high-performance component that focuses on improving the durability of epoxy formulators with higher production capabilities, improved dispersion, and lower energy and production costs.

The 2K epoxy adhesives market is categorized into end-use and region.

With respect to end-use, the industry is fragmented into building & construction, marine, electronics, wind energy, electronics, automotive, aerospace OEM, transportation, and others. Surging demand for lightweight materials for the production of passenger cars will drive the need for 2K epoxy adhesives. In 2021, the automotive sector accounted for 50 kilo tons of 2K epoxy adhesives consumption.

With growing per capita income and robust consumer spending all across the globe, the automotive sector will witness substantial growth in auto sales, especially across emerging economies. Epoxy adhesives can effectively hold a variety of materials including metals, glass, rubber, plastics along with a range of fabrics. Surging demand for corrosion-resistant materials will complement its demand in the automobile sector.

In the regional landscape, Europe 2K epoxy adhesives market is projected to exhibit a CAGR of 2.5% from 2022 to 2030. With rising government investments to boost infrastructure development and surging population, the demand for PVA-based adhesive and two-component solutions will soar considerably in the construction sector across Europe. Increasing renovation activities including floor and panel installation will propel product demand in the coming years.