Global Epoxy Adhesive Market, By Type (One-Component, Two-Component, Others), Technology (Reactive, Solvent-Borne, UV Cured Adhesives, Water-borne), Distribution Channel (Online, Offline), End User Industry (Defense and Aerospace, Semiconductor, Automotive, Marine, Electrical and Electronics, Building and Construction, Footwear and Leather, Healthcare, Energy and Power, Packaging, Woodworking, Joinery, Transportation, Others) - Industry Trends and Forecast to 2023 to 2030.
Epoxy Adhesive Market Analysis and Size
Some essential factors contributing to the growth of the epoxy adhesive market in the forecast period of 2023 to 2020 include the increasing use in end-use sectors such as energy, construction segment, and automotive. Rising focus on infrastructure development to fuel economic growth, growing investments in electric vehicles (EVs) production, and the adoption of lightweight materials into the automotive sector are also contributing to the growth of the epoxy adhesive market. It is used in applications for structural bonding, repairing, hemming adhesion, electronics, metal fabrication industries, and hemming adhesion. This extensive use of epoxy adhesives various industries is significantly contributing in the market’s growth.
Data Bridge Market Research analyses that the epoxy adhesive market which was USD 7.61 billion in 2022, is expected to reach USD 11.93 billion by 2030, growing at a CAGR of 5.79% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Epoxy Adhesive Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (One-Component, Two-Component, Others), Technology (Reactive, Solvent-Borne, UV Cured Adhesives, Water-borne), Distribution Channel (Online, Offline), End User Industry (Defense and Aerospace, Semiconductor, Automotive, Marine, Electrical and Electronics, Building and Construction, Footwear and Leather, Healthcare, Energy and Power, Packaging, Woodworking, Joinery, Transportation, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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3M (U.S.), Arkema (France), Bostik (France), Dow (U.S.), H.B. Fuller Company (U.S.), Henkel AG & Co. KGaA (Germany), Mapei S.p.A (Italy), PARKER HANNIFIN CORP (U.S.), Permabond (U.S.), Sika AG (Switzerland), Ashland (U.S.), Avery Denison Corporation (U.S.), Pidilite Industries Ltd. (India), Huntsman International LLC (U.S.), Wacker Chemie AG (Germany), RPM International Inc. (U.S.), Hernon Manufacturing (U.S.), AdCo (UK) Ltd (U.K.), Panacol-Elosol GmbH (Germany), Weicon Gmbh & Co. KG (Germany)
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Market Opportunities
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Market Definition
Epoxy adhesive is a type of thermosetting adhesive which is made byepoxy polymer or resin along with a hardener. It is used to adhere a range of surfaces or materials with a strong, permanent bond capable of tolerating extreme stress and weather conditions. Epoxy is a tough kind of adhesive. It is majorly adopted in the manufacturing of aircraft and automobiles. For strengthening the timber glue, epoxy can be used as a subsequent adhesive. Epoxy adhesives are applied to laminate fiberglass with plywood. Epoxy gum is a majorly used substitute for covering countertops and other moist wood exteriors.
Global Epoxy Adhesive Market Dynamics
Drivers
- Growing applications in the construction industry
Epoxy adhesives are used in the construction industry, such as for flooring, roofing, wooden, and others. The building and construction is one of the major applications of the epoxy adhesive market. Epoxy adhesives are used as structural adhesives in the construction industry due to their high performance. They provide a number of benefits, such as versatility, durability, and a high degree of heat resistance for binding materials, including wood, metal, plastic, and others. Thus, the extensive use of epoxy adhesives in the construction industry is a major growth driving factor.
- Growing demand in the automotive industry
Epoxy adhesives are widely used in the automotive industry because of their application to the surfaces such as metal, glass, plastic, and painted surfaces. They are helpful in the automotive industry for strong bonding, durability, and long-lasting. Epoxy adhesives are used in engines and car gaskets. This growing use in the automotive industry is expected to increase the demand for automotive epoxy adhesives in the forecast period of 2023 to 2030.
Opportunities
- Increasing applications in packaging
The packaging industry is a major consumer of epoxy adhesives in the most of the country due to their useful applications in bonding plastics, metals, and paper & cardboard packaging. Waterborne adhesives are majorly consumed in the industry due to their cheap cost and high bonding strength which is required in the packaging industry. A huge number of water-borne adhesives are consumed in the packaging industry, significantly creating a number of opportunities in the market.
- Increasing demand in the electronics sector
Epoxy adhesives are used for sticking sensors and cables. The thermal and electrical conductive properties of epoxy adhesives have increased the usage of epoxy adhesives in the electronics sector. Electrically conductive adhesives provide vital components and joints to gain long-term and steady performance from electronics. This is anticipated to fuel the demand for epoxy adhesives in the electrical & electronics industry.
Restraints/Challenges
- Hazardous effects of chemicals used in manufacturing
The manufacturing of epoxy adhesives uses harmful chemicals and gases which are considered hazardous to health when inhaled.. . As epoxy adhesives uses harmful chemicals in manufacturing with respect to environmental and health concerns consumers are avoiding the use of epoxy adhesives in many countries and shifting towards safer alternatives. The health hazards caused by epoxy adhesives resulted in the implementation of strict laws and rules across regions and nations, and becoming a major challenge for the epoxy adhesive market’s growth.
- Growing use of other alternatives
There are multiple alternatives to epoxy adhesives, particularly in construction. The adhesion of two substrates is done using techniques such as welding, riveting, and bolting. Since the construction industry’s substrates are usually tougher. Thus, disassembling of two adhered substrates, as disjoint surfaces are often distorted or destroyed beyond applicability. People are shifting towards other useful alternatives fulfilling their desired requirement, these alternatives are becoming significant restraint for the epoxy adhesives market growth.
This epoxy adhesive market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the epoxy adhesive market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In July 2022, Mapei started the construction of its third manufacturing facility in Kosi, Mathura, to cater to the demand generated from Northern India. This will help Mapei India to fulfil the growing demand for its products & services in Northern India and speed up the market time for its products, as the site is well-connected with Northern India through rail and roadways.
- In August 2020, Henkel a market leader of impact solutions in adhesives recently broke ground for a new, state-of-the-art production area for UV-curable acrylic pressure sensitive adhesives (PSA) at the site in Salisbury, North Carolina. This expansion broadened the company’s capabilities to provide more sustainable and innovative pressure sensitive adhesive solutions in the market.
Global Epoxy Adhesive Market Scope
The epoxy adhesive market is segmented on the basis of type, technology, distribution channel and end user industry. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- One-Component
- Two-Component
- Others
Technology
- Reactive
- Solvent-Borne
- UV Cured Adhesives
- Water-borne
Distribution Channel
- Online
- Offline
End User Industry
- Aerospace
- Automotive
- Building and Construction
- Footwear and Leather
- Healthcare
- Packaging
- Woodworking
- Joinery
- Semiconductor
- Marine
- Electrical and Electronics
- Energy and Power
- Wind Energy
- Transportation
- Others
Global Epoxy Adhesive Market Regional Analysis/Insights
The epoxy adhesive market is analysed and market size insights and trends are provided by type, technology, distribution channel and end user industry as referenced above.
The countries covered in the emollient esters market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia Pacific region dominates the market with a revenue share of 41.2% in 2022. There are growing end-use industries in the region which are driving the growth of the epoxy adhesive market during the forecast period of 2023 to 2030. The COVID-19 pandemic created impact on various industries such as textile & garments, construction, and automotive in 2020. The export trade was also majorly impacted. After the pandemic the market has shown a positive and constantly rising recovery since the third quarter of 2020 and gained smooth momentum during 2021.
The market in Europe and North America regions is also expected to witness profitable growth in the forecast period of 2023 to 2030. The increasing use of epoxy adhesives in the regions by the end user industries such as electrical and electronics, healthcare, packaging and others is contributing to the market’s growth. The rapid development in the aerospace and automobile sector in the major countries of Europe and North America is significantly fueling the market’s growth in the regions.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Epoxy Adhesive Market Share Analysis
The epoxy adhesive market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to epoxy adhesive market.
Some of the major players operating in the epoxy adhesive market are:
- 3M (U.S.)
- Arkema (France)
- Bostik (France)
- Dow (U.S.)
- H.B. Fuller Company (U.S.)
- Henkel AG & Co. KGaA (Germany)
- Mapei S.p.A (Italy)
- PARKER HANNIFIN CORP U.S.)
- Permabond (U.S.)
- Sika AG (Switzerland)
- Ashland (U.S.)
- Avery Denison Corporation (U.S.)
- Pidilite Industries Ltd. (India)
- Huntsman International LLC (U.S.)
- Wacker Chemie AG (Germany)
- RPM International Inc. (U.S.)
- Hernon Manufacturing (U.S.)
- AdCo (UK) Ltd. (U.K.)
- Panacol-Elosol GmbH (Germany)
- Weicon Gmbh & Co. KG (Germany)
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