The global Epoxy Adhesives Market is likely to grow at a CAGR of 6% owing to its high demand in the construction industry from 2020 to 2025.
Demands from mining, automotive, and transportation industries are also driving the growth in this segment.
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.
Reasons Dragging Back the Epoxy Adhesives Market
The epoxy adhesives technique is extremely useful and is growing at a high rate but at the same time, it is costly. In addition to this, the volatility in prices also impedes growth.
This cost ineffectiveness is acting as a major challenge in this industry. The industry also is supposed to invest a lot into research and development to keep improving the quality of the polymers to meet the standard demands which are in line with the environmental regulations. The availability of raw materials can also hinder growth.
Epoxy Adhesives Market - By Type
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
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
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. Automotive and transport sectors in the region are planning huge investments in the Epoxy industry in the upcoming years which will augment its demand.
Key Market Players:
Henkel AG & Co.
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%.
1.1 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
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 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
6.2.5 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
7.2.2 By Type
7.2.3 By Application
7.3.1 By Country
188.8.131.52 Rest of Europe
7.3.2 By Type
7.3.3 By Application
7.4 Asia Pacific
7.4.1 By Country
184.108.40.206 South Korea
220.127.116.11 South East Asia
18.104.22.168 Australia & NZ
22.214.171.124 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Application
7.5 Latin America
7.5.1 By Country
126.96.36.199 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
188.8.131.52 Middle East
7.6.2 By Type
7.6.3 By Application
8. Key Player Analysis
8.1 HB Fuller
8.1.1 Business Description
8.1.4 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
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of by end user,by application,by region, along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Epoxy Adhesives Market By Region, From 2020-2025 ( USD Billion )
Global Epoxy Adhesives Market By Type, From 2020-2025 ( USD Billion )
Global One Component Market By Region, From 2020-2025 ( USD Billion )
Global Two Component Market By Region, From 2020-2025 ( USD Billion )
Global Epoxy Adhesives Market By Application, From 2020-2025 ( USD Billion )
Global Building & Construction Market By Region, From 2020-2025 ( USD Billion )
Global Automotive Market By Region, From 2020-2025 ( USD Billion )
Global Transportation Market By Region, From 2020-2025 ( USD Billion )
Global Marine Market By Region, From 2020-2025 ( USD Billion )
Global Wind Energy Market By Region, From 2020-2025 ( USD Billion )