The global epoxy adhesives market size is projected to grow from USD 7.2 billion in 2019 to USD 9.6 billion by 2024, at a CAGR of 6.0%. Increasing urbanization and growing usage of composites, plastics, and other higher strength metals in the construction industry is driving the global epoxy adhesives market. Epoxy adhesives offer the ability to adhere strongly, with exceptional mechanical & electrical insulating properties and chemical and heat resistance.
One-component type is expected to withess the highest growth
The one-component based epoxy adhesives market is estimated to grow at the highest CAGR from 2019 to 2024, in terms of volume. The excellent properties of the one-component type adhesives such as, quick curing time, a solvent-less system, and consumer friendly usage, is driving the demand in this segment.
Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=142980020
Building & construction is projected to be the largest end user of epoxy adhesives.
The building & construction industry accounted for the largest share of the overall epoxy ahdesives market, in terms of volume, followed by the automotive industry. The building & construction industry started using epoxy adhesives with the increasing usage of composites, plastics, and other higher strength metals. Growing urbanization is fueling the growth of the construction sector, which is driving the epoxy adhesives market.
Epoxy adhesives market in APAC is projected to witness the highest CAGR
APAC is projected to be the fastest-growing epoxy adhesives market during the forecast period. China is the largest market for epoxy adhesives in the region. However, India and Thailand are the fastest-growing markets for epoxy adhesives in the region. Owing to increased government investments in developing countries for infrastructure, such as public utilities, commercial, and entertainment structures, and housing demands to cater to the steadily-growing population, the demand for epoxy adhesives in this region is expected to growth significantly.
The key epoxy adhesive market players are Henkel AG (Germany), Sika AG (Switzerland), 3M Company (US), H.B. Fuller (US), DuPont (US), Illinois Tool Works Incorporation (US), Ashland (US), RPM International (US), Lord Corporation (US), Huntsman Corporation (US), Mapie S.p.A. (Italy), Panacol-Elosol GmBH (Germany), Permabond LLC. (UK), Delo Industrie Klebstoffe GmBH & Co. KGAA (Germany), Masterbond Inc. (US), Weicon GmBH & Co. KG (Germany), Hernon Manufacturing Inc. (US), Hubei Huitian New Materials Co. Ltd. (China), Parson Adhesives Inc. (US), and Uniseal Inc. (US). These players have adopted growth strategies, such as new product development, merger & acquisition, and investment & expansion, to expand their geographical presence and broaden their product portfolio.
Henkel AG (Germany) is one of the leading solution providers for adhesives, sealants, and functional coatings. The company has three business segments, namely, adhesive technologies, laundry & home care, and beauty care. The company manufactures epoxy adhesives under its adhesive technologies segment. Henkel offers a multitude of products to cater to the needs of different target groups: consumers, craftsmen, and industrial businesses. Henkel Adhesive Technologies is a global leader in adhesives, sealants, and functional coatings, worldwide. The complete solution of the company is organized into five technology cluster brands-LOCTITE, BONDERITE, TECHNOMELT, TEROSON, and AQUENCE. It has a strong network for distributing and manufacturing adhesives with 185 production sites in 56 countries to meet the changing demands of the market. The company continuously focuses on its organic & inorganic growth.
The second-most active company in the epoxy adhesives market is Sika AG (Switzerland). It is a manufacturer and supplier of specialty chemicals with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building and motor vehicles industries. Sika has a strong customer base and a wide geographical presence. It has subsidiaries in 101 countries and 300 manufacturing facilities, globally. The company has good depth in its product portfolio. There have been significant investments by the company in terms of product innovation. It continuously focuses on organic and inorganic growth for epoxy adhesive systems to increase its presence and revenue, globally. The company has adopted growth strategies such as investment & expansion and merger & acquisitions. In 2018, it established 20 global technology centers, 37 new manufacturing plants, 11 subsidiaries, and completed 20 acquisitions, globally. These developments are expected to help the company achieve a significant share in the epoxy adhesives market. .
Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=142980020
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/epoxy-adhesive-market-142980020.html