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Epoxy Adhesives Market Segmentation By Type (One Component, Two Component), By Application (Building & Construction, Automotive, Transportation, Marine, Wind Energy, Electrical & Electronics, etc.), and By Region (North America, Latin America, Europe, APAC, MEA) – Forecast to 2027

Published: January, 2022
ID: 10487
Pages: 175

Epoxy Adhesives Market is likely to grow at a CAGR of 6% owing to its high demand in the construction industry from 2021 to 2026.

Recent Developments in the Epoxy Adhesives Industry:

  • Sika completed the purchase of Modern Waterproofing Group, an Egyptian leading company in waterproofing and roofing systems.

  • During August’2020, 3M and Mitsubishi Paper Mills finished their patent license agreement for the former’s Metal Mesh Technology that is aimed to generate sales of about USD 23 billion.

  • Henkel joined the U.S plastic pact and is committed to achieving circular economy goals by the end of 2025.

Drivers and Restraints of Epoxy Adhesives Market

Epoxy adhesives are having a huge call in the construction sector, especially for concrete repair and anchoring.  They are also used in industries such as woodworking and carpentry applications to improve the strength of adhesion with wooden surfaces in constructions. Epoxy adhesives are usually used to bond steel, to reinforce plates or carbon laminates, and to strengthen beams and columns. In addition to this, they are also used for bonding segments in bridges and viaducts, where they may completely substitute metal screws or bolts, providing an effective resistance to the continuous load on the road and the various temperature ranges.

The rapid expansion of the global construction sector due to private and government funding is igniting the demand for Epoxy adhesives used in the cement & aggregate industry for repair and maintenance of conveyor belts, pulleys, and rollers. Consequently, increasing demand for Epoxy Adhesives from different industry verticals such as cement, aggregate, and mining - quarrying industries is expected to boost the global Epoxy Adhesives market during the outlook period.

Epoxy Adhesives Market Segmentation:

Epoxy Adhesives Market - By Type

  1. One Component
  2. Two-Component

The one-component type is expected to grow at the highest CAGR, in terms of value because of its quick curing time and solvent-free and user-friendly features, one-component epoxy adhesive is more efficient and easier compared to two-component variants.

Epoxy Adhesives Market - By Application

  1. Building and Construction
  2. Transportation
  3. Automotive
  4. Marine
  5. Wind Energy
  6. Electrical and Electronics

The market in the wind energy industry is projected to grow at the highest CAGR during the forecasted period of 2020 to 2025, in terms of value. This high growth is attributed to the perennial improvements in the structure of blades and other wind turbine components. There are developments going on for making the wind turbine blades lighter and taller which improves the overall efficiency of the turbine. Epoxy adhesives are the best solution for the adhesion of blade parts and are dominantly used in the preparation of turbine blades. The increasing use of renewable energy and installation of windmills is expected to drive the epoxy adhesives market in the near future.

Epoxy Adhesives Market - By Region

  1. North America

  2. Latin America

  3. Europe

  4. Asia Pacific

  5. Middle East & Africa

Asia Pacific region (APAC) is expected to dominate the global Epoxy Adhesives market in terms of value during the forecast period of 2020 to 2025. Previously, it led the Epoxy adhesives market due to the presence of established mining & quarrying, automotive, and transportation end-use industries in the region. The above-mentioned industries utilize Epoxy adhesives for a variety of their products. The epoxy adhesives market in APAC is led by the nations of China, Japan, India, and Australia. Amidst the incessant technological growth, the demand for high performing Epoxy adhesives is increasing. This has led to developments in the APAC Epoxy adhesives market.

North American region is also a huge market for Epoxy adhesive. In North America, the USA is supposed to dominate the market. It has become one of the production powerhouses of the world and is one of the strongest economies. The automotive and transport sectors in the region are planning huge investments in the Epoxy industry in the upcoming years which will augment its demand.

Epoxy Adhesives Market Key Market Players:

  1. HB Fuller

  2. Arkema Group

  3. Henkel AG & Co.

  4. Sika AG

  5. 3M

Impact of COVID-19 on the Global Epoxy adhesives Market:

Coronavirus has exposed severe challenges for the coatings market by impacting end-user sectors. Major economies around the world are affected due to the COVID-19 pandemic. The Epoxy adhesives market saw a diminutive growth in this period owing to the increased demand for the packaging industry. However, decreased transportation and manufacturing activities have resulted in low demand which has negatively impacted the industry. More investments are being made towards bio-based Epoxy adhesives to reduce the harmful environmental effects of their synthetic counterparts. Post the pandemic, the market is likely to grow at a similar rate if not more at a CAGR of 4-5%.

1. Introduction                             

      1.1 Market Definition            

      1.2 Scope of the report                       

      1.3 Study Assumptions                      

      1.4 Base Currency, Base Year and Forecast Periods            

2. Research Methodology                        

      2.1 Analysis Design               

      2.2 Research Phases               

                  2.2.1 Secondary Research      

                  2.2.2 Primary Research          

                  2.2.3 Data Modelling 

                  2.2.4 Expert Validation         

      2.3 Study Timeline                 

3. Report Overview                                 

      3.1 Executive Summary                     

      3.2 Key Inferencees               

4. Market Dynamics                                 

      4.1 Impact Analysis               

                  4.1.1 Drivers  

                  4.1.2 Restaints

                  4.1.3 Opportunities    

      4.2 Regulatory Environment             

      4.3 Technology Timeline & Recent Trends              

5. Competitor Benchmarking Analysis                            

      5.1 Key Player Benchmarking                       

                  5.1.1 Market share analysis    

                  5.1.2 Products/Service           

                  5.1.3 Regional Presence         

      5.2 Mergers & Acquistion Landscape                       

      5.3 Joint Ventures & Collaborations              

6. Market Segmentation                           

      6.1 Epoxy Adhesives Market, By Type                     

                  6.1.1 One Component

                  6.1.2 Two Component           

                  6.1.3 Market Size Estimations & Forecasts (2019-2024)      

                  6.1.4 Y-o-Y Growth Rate Analysis   

                  6.1.5 Market Attractiveness Index    

      6.2 Epoxy Adhesives Market, By Application                      

                  6.2.1 Building & Construction          

                  6.2.2 Automotive       

                  6.2.3 Transportation   

                  6.2.4 Marine   

                  6.2.5 Wind Energy     

                  6.2.6 Market Size Estimations & Forecasts (2019-2024)      

                  6.2.7 Y-o-Y Growth Rate Analysis   

                  6.2.8 Market Attractiveness Index    

7. Geographical Landscape                                 

      7.1 Global Identity Governance and Administration Market, by Region                 

      7.2 North America - Market Analysis (2018 - 2024)            

                  7.2.1 By Country       

                              7.2.1.1 USA

                              7.2.1.2 Canada

                  7.2.2 By Type

                  7.2.3 By Application  

      7.3 Europe                  

                  7.3.1 By Country       

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                  7.3.2 By Type

                  7.3.3 By Application  

      7.4 Asia Pacific                      

                  7.4.1 By Country       

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                  7.4.2 By Type

                  7.4.3 By Application  

      7.5 Latin America                  

                  7.5.1 By Country       

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                  7.5.2 By Type

                  7.5.3 By Application  

      7.6 Middle East and Africa                

                  7.6.1 By Country       

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                  7.6.2 By Type

                  7.6.3 By Application  

8. Key Player Analysis                            

      8.1 HB Fuller             

                  8.1.1 Business Description    

                  8.1.2 Products/Service           

                  8.1.3 Financials          

                  8.1.4 SWOT Analysis

                  8.1.5 Recent Developments   

                  8.1.6 Analyst Overview         

      8.2 Arkema Group                 

      8.3 Henkel AG & Co.            

      8.4 Sika AG               

      8.5 3M            

9. Market Outlook & Investment Opportunities                          

Appendix                         

      List of Tables             

      List of Figures            

  1. Global Epoxy Adhesives Market By Region, From 2022 - 2027 ( USD Billion )

  2. Global Epoxy Adhesives Market By Type, From 2022 - 2027 ( USD Billion )

  3. Global One Component Market By Region, From 2022 - 2027 ( USD Billion )

  4. Global Two Component Market By Region, From 2022 - 2027 ( USD Billion )

  5. Global Epoxy Adhesives Market By Application, From 2022 - 2027 ( USD Billion )

  6. Global Building & Construction Market By Region, From 2022 - 2027 ( USD Billion )

  7. Global Automotive Market By Region, From 2022 - 2027 ( USD Billion )

  8. Global Transportation Market By Region, From 2022 - 2027 ( USD Billion )

  9. Global Marine Market By Region, From 2022 - 2027 ( USD Billion )

  10. Global Wind Energy Market By Region, From 2022 - 2027 ( USD Billion )

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