Global Epoxy Adhesives Market Size To Worth USD 14.5 Billion by 2032 | CAGR of 6.4%

Global Epoxy Adhesives Market Size To Worth USD 14.5 Billion by 2032

According to a research report published by Spherical Insights & Consulting, the Global Epoxy Adhesives Market Size to Grow from USD 8.2 Billion in 2022 to USD 14.5 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period.

Browse key industry insights spread across 200 pages with 110 market data tables and figures & charts from the report on the "Global Epoxy Adhesives Market Size, Share, and COVID-19 Impact, By Type (One Component, Two Component), By Application (Building And Construction, Transportation, Electrical And Electronics), by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032."Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/epoxy-adhesives-market

A specific type of glue called an epoxy adhesive uses epoxy resin as its primary adhesive. Epoxy resins are versatile building materials with exceptional strength, durability, and resistance to a range of environmental factors. Epoxy adhesives are widely used in many industries and applications because of their ability to successfully bond a wide range of materials. Because they have high tensile and shear strengths, epoxy adhesives are fantastic for applications needing strong bonding. They are extensively used in structural bonding and load-bearing applications. A variety of materials, including composites, metals, plastics, ceramics, wood, and glass, can be joined with epoxy adhesives. They are adaptable and great for a wide range of applications.

COVID 19 Impact

In the early stages of the pandemic (early 2020), various industries experienced production and supply chain issues as a result of restrictions, lockdowns, and a labour shortage. This pause most likely had an impact on the production and supply of epoxy adhesives. Industries including manufacturing, automotive, electronics, and construction are just a few that could have an impact on the need for epoxy adhesives. These locations were affected differently by the pandemic. The demand for adhesives used in vehicle assembly, for instance, decreased as a result of a decline in the automotive industry's sales. The construction industry is affected by lockdowns and delays in major projects. Some construction projects were postponed or abandoned as a result of government stimulus plans, while others were continued or even accelerated.

In the automotive and aerospace industries, epoxy adhesives are crucial for lightweighting, connecting composite materials, and assembling crucial components. As these industries place a focus on fuel efficiency and lightweight design, there is expected to be a Growth in the demand for sophisticated epoxy adhesives with high strength and durability. The electronics industry necessitates smaller and more compact devices. PCB assembly, semiconductor packaging, and the attachment of electronic components all include the usage of epoxy adhesives. As electronics Grow more integrated and smaller, there is expected to be an increase in the demand for high-performance epoxy adhesives. Due to the strong correlation between many of the aforementioned businesses and overall economic performance, economic Growth and stability can have a significant impact on the demand for epoxy adhesives.

Epoxy resins and curing agents are two examples of the raw materials used to create epoxy adhesive formulations and whose prices might fluctuate. This upheaval could have an effect on production costs, which in turn affects the price of epoxy adhesive. The epoxy adhesives industry is competitive, with several manufacturers providing a wide range of products. Competition may lead to pressure on prices and the need for constant innovation to distinguish products. Good adhesion to various substrates, such as plastics, composites, and low-energy surfaces, can be challenging to accomplish. Formulas for epoxy adhesives need to be changed and enhanced in order to address these problems effectively.

Type Insights

One component type segment is dominating the market over the forecast period

On the basis of type, the global epoxy adhesives market is segmented into One Component, Two Component, And Others. Among these, one component type segment is dominating the market over the forecast period. One-component epoxy adhesives are easier to use and handle than two-component systems, which need precise mixing. This simplicity may result in better adoption, particularly in situations where speed and convenience are crucial. These adhesives are employed in a number of sectors, including the manufacture of consumer goods, electronics, and vehicles. As different industries Grow and demand adhesives that fulfil specific performance criteria, one-component epoxy adhesives can be designed to meet those needs. Along with industries like electronics and automotive, the demand for high-performance adhesives is increasing. One-component epoxy adhesives stand a fair possibility of dominating in these emerging markets.

Application Insights

Building and construction segment holds the highest market share over the forecast period

Based on the application, the global epoxy adhesives market is segmented into Building and Construction, Transportation, Electrical and Electronics, and Others. Among these, the building and construction segment holds the highest market share over the forecast period. A wide range of materials, including concrete, steel, glass, wood, and polymers, can be joined with epoxy adhesives. They are quite adaptable. They are utilised in construction projects for a number of functions, such as structural bonding, anchoring, and sealing, due to their versatility. Frequently, epoxy adhesives are used in concrete restoration and repair projects. They can be used to connect new concrete to existing structures, repair cracks and spalls, and restore the structural integrity of historic buildings and infrastructure. Because they are resistant to heavy loads and bad weather, epoxy adhesives are utilised in infrastructure projects including highways, bridges, and tunnels.

Regional Insights

Asia Pacific region is dominating the market over the forecast period

Asia Pacific is dominating the market with the largest market share over the forecast period. The APAC region has been a centre for infrastructure development because of its quick urbanisation and economic Growth. In the construction business, epoxy adhesives are frequently used for sealing and bonding jobs like waterproofing, structural adhesion, and concrete bonding. Some of the largest vehicle markets in the world are found in Asia-Pacific, particularly in countries like China, Japan, South Korea, and India. Epoxy adhesives are employed in the manufacture of automobiles for a number of purposes, including the joining of lightweight components, the assembly of components, and the maintenance of finished goods' structural soundness. Asia-Pacific is a prominent centre for the production of electrical and electronic goods. Because they provide electrical insulation, epoxy adhesives are necessary in the production of electronic parts, circuit boards, and semiconductor devices.

North America is witnessing the fastest market Growth over the forecast period. Epoxy adhesives have a sizable and continually Growing market in North America. Construction projects, infrastructure expansion, and the demand for creative adhesive solutions in the manufacturing sector are some of the factors influencing it. Many different vehicle components, including body panels, composite materials, and interior pieces, are attached using epoxy adhesives. The benefits of epoxy adhesives' small weight and high strength contribute to lighter vehicles and improved fuel efficiency. Electrical components are bonded, encased, and potted in the electronics sector using epoxy adhesives. They provide electrical insulation and weather protection for sensitive electronic equipment.

List of Key Companies

• Sika AG
• The DOW Chemical Company
• Ashland Inc
• Illinois Tool Works Incorporation
• Permabond LLC.
• Henkel AG & Co. KGaA

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global Epoxy Adhesives Market based on the below-mentioned segments:

Epoxy Adhesives Market, Type Analysis

• One Component
• Two Component
• Others

Epoxy Adhesives Market, Application Analysis

• Building and Construction
• Transportation
• Electrical and Electronics
• Others

Epoxy Adhesives Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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