What is Global Epoxy Adhesive Market?
The Global Epoxy Adhesive Market is a vast and dynamic sector that deals with the production, distribution, and application of epoxy adhesives. These adhesives are a type of high-performance adhesive that are used in a variety of industries due to their superior bonding capabilities, resistance to high temperatures, and ability to withstand harsh chemical environments. The market for these adhesives is truly global, with demand stemming from various corners of the world. The market was valued at a substantial US$ 2800 million in 2022, and it is projected to grow even further to reach US$ 3381.6 million by 2029. This represents a compound annual growth rate (CAGR) of 2.7% during the forecast period from 2023 to 2029.
One-component, Two-component in the Global Epoxy Adhesive Market:
The Global Epoxy Adhesive Market is segmented into one-component and two-component based on the type of epoxy adhesive. One-component epoxy adhesives are pre-mixed and cured at higher temperatures, which makes them ideal for industrial applications where high-strength bonds are required. On the other hand, two-component epoxy adhesives consist of an epoxy resin and a hardener, which are mixed together before application. These adhesives have a longer working time than one-component adhesives, making them suitable for applications that require precise alignment. The two-component segment is the largest in the market, accounting for over 75% of the total market share.
Automotive, Construction, Industrial Equipment, Electrical & Electronics, Energy & Power in the Global Epoxy Adhesive Market:
The Global Epoxy Adhesive Market finds usage in a variety of sectors including Automotive, Construction, Industrial Equipment, Electrical & Electronics, and Energy & Power. In the automotive industry, epoxy adhesives are used in the assembly of various parts such as doors, windows, and engine components. In the construction sector, these adhesives are used for bonding concrete, wood, and other construction materials. Industrial equipment manufacturers use epoxy adhesives for the assembly of machinery and equipment. In the electrical and electronics sector, these adhesives are used for bonding components in devices such as computers, mobile phones, and televisions. Lastly, in the energy and power sector, epoxy adhesives are used in the assembly of solar panels and wind turbines.
Global Epoxy Adhesive Market Outlook:
To rephrase the market outlook, the Global Epoxy Adhesive Market, which was worth US$ 2800 million in 2022, is expected to grow at a CAGR of 2.7% from 2023 to 2029, reaching a value of US$ 3381.6 million. The market is dominated by the top five manufacturers who collectively hold a market share of about 27%. The two-component segment is the largest product segment in the market, accounting for over 75% of the total market share.
| Report Metric | Details |
| Report Name | Epoxy Adhesive Market |
| Accounted market size in 2023 | US$ 2882 million |
| Forecasted market size in 2029 | US$ 3381.6 million |
| CAGR | 2.7 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Henkel, Hexion, Sika, DuPont, Shanghai Kangda New Materials, H.B. Fuller, Bostik, 3M, Lord Corporation, Huntsman, Mapei, Ashland, MasterBond, ITW Performance Polymers, Adhesives Technology Corp, Jowat Adhesives, Permabond |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
