Epoxy Adhesives Market

Epoxy Adhesives Market size reached USD 7.6 billion in 2021 and is estimated to reach USD 11.8 billion in 2029 and the market is estimated to grow at a CAGR of 5.7%.

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Market Dynamic

Key Drivers and Emerging Trends

Rising urbanization across the countries coupled with the increasing infrastructure developments in the developing and developed countries like, China, India, Germany, are the factors that have majorly contributed to the overall growth of the market. For instance, in 2020 as stated by UN, World Water Development Report, European Investment Bank had invested more than Euro 105 million in water projects. Simultaneously, robust increase in applications for numerous industries are a factor that is driving the growth of the market. The rapid expansion of the semiconductor industry has substantially helped raise the demand for epoxy adhesives, thus changing the landscape of the overall market. For instance, The European government has stated to invest US$ 800 billion in the semiconductor industry for semiconductor chips aiming for providing 5G access and gigabyte internet connectivity by the end of 2030. This massive investment is anticipated to create a robust demand for epoxy adhesives, which may lead to the expansion of the epoxy adhesive market size.

Restraint in the Epoxy Adhesives Market

However, changing regulatory policies and norms is the factor that is expected to hamper the market’s growth over the forecast period.

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Product Type – Segment Analysis

Based on the product type, one-component is witnessed to grow at a higher CAGR in the market over the forecast period. This is due to the product’s several user-friendly attributes like being solvent free and faster curing time, which improves the efficacy of the product. In addition, it is easier to control and more efficient at the same time due to which it has been majorly adopted by the users, which has propelled the overall market growth.

End-Use Industry – Segment Analysis

Based on the end-use industry, the construction sector is anticipated to grow at a higher CAGR in the market over the forecast period. Epoxy adhesives are mostly used in the construction applications, mostly for anchoring purposes and concrete repair. Epoxy adhesives are extensively utilized in public infrastructures, such as bridges for connecting precast materials. They are also utilized for bonding of steel support components and carbon seals for slabs and columns. With the rapid globalization, a noticeable increase in construction activities has been witnessed which has shifted the paddles for the market.

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Regional – Segment Analysis:

Based on the regional coverage, Asia-Pacific is expected to grow at a higher CAGR in the market over the forecast period. This is due to the increasing construction activities and rising infrastructure investments in the market over the forecast period. For instance, the Indian government strategic initiatives to entice FDI in the automotive industry, allowing 100% FDI beneath the automatic route. The government has plans to launch a new Green Urban Transport Scheme, with central support of about USD 3,600 million, which has surged the growth of the market.

Top Market Players

Various notable players operating in the market, include, 3M, AdCo UK Limited, Adhesive Technologies Corp., Henkel, Arkema Group (Bostik SA), Ashland Inc., Benson Polymers Ltd, Collano Adhesives AG, American Chemical Inc., DELO Industrial Adhesives, among others. 

Key Developments:

• • In 2019, Henkel, invested more around US$ 39.4 billion and established a European hub for high-performing aerospace solutions in Spain, which helped in providing high-performance epoxy adhesive solutions.

Segments covered in the Report:

The global epoxy adhesives market has been segmented based on product type, end-use industry, and regions. Based on product type, the market is segmented into one component and two component. Based on end-use industry, the market is segmented into aerospace and defense, automotive, marine, electrical and electronics, construction, energy and power and others. 

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Key questions answered in this research report:

• • At what pace is global epoxy adhesives market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in epoxy adhesives market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global epoxy adhesives market?
  • Which product type generated maximum revenues in 2021 and identify the most promising product type during the forecast period?
  • What are the various end-use Industry areas of global epoxy adhesives market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 7.6 billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Product Type, By End-Use Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	3M, AdCo UK Limited, Adhesive Technologies Corp., Henkel, Arkema Group (Bostik SA), Ashland Inc., Benson Polymers Ltd, Collano Adhesives AG, American Chemical Inc., DELO Industrial Adhesives, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Epoxy Adhesives Market by Product Type

• • One Component
  • Two Component

Global Epoxy Adhesives Market by End-Use Industry

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

Global Epoxy Adhesives Market by Region

• • North America Epoxy Adhesives Market (Option 1: As a part of the free 25% customization)
    • By Product Type
    • By End-Use Industry
    • US Market All-Up
    • Canada Market All-Up
  • Europe Epoxy Adhesives Market (Option 2: As a part of the free 25% customization)
    • By Product Type
    • By End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Epoxy Adhesives Market (Option 3: As a part of the free 25% customization)
    • By Product Type
    • By End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Epoxy Adhesives Market (Option 4: As a part of the free 25% customization)
    • By Product Type
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Epoxy Adhesives (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 3M
  • AdCo UK Limited
  • Adhesive Technologies Corp.
  • Henkel
  • Arkema Group (Bostik SA)
  • Ashland Inc.
  • Benson Polymers Ltd
  • Collano Adhesives AG
  • American Chemical Inc.
  • DELO Industrial Adhesives