Market Overview
| Study Period | 2017 - 2028 |
|---|---|
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2028 |
| Market Size (2024) | USD 2.59 Billion |
| Market Size (2028) | USD 3.31 Billion |
| Growth Rate (2024 - 2028) | 6.31% CAGR |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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Asia-Pacific Epoxy Adhesive Market Analysis by Mordor Intelligence
The Asia-Pacific Epoxy Adhesive Market size is estimated at 2.59 billion USD in 2024, and is expected to reach 3.31 billion USD by 2028, growing at a CAGR of 6.31% during the forecast period (2024-2028).
The Asia-Pacific epoxy adhesives industry is experiencing significant transformation driven by technological advancements and evolving manufacturing processes. Epoxy adhesives are increasingly replacing traditional mechanical fastening methods across industries due to their superior bonding properties and ability to reduce overall product weight. These industrial adhesives demonstrate exceptional chemical and heat resistance while providing excellent adhesion to various substrates, including metals, plastics, ceramics, and composites. The automotive sector remains the dominant consumer of epoxy adhesives, accounting for approximately 35.7% of total consumption, as manufacturers seek lightweight automotive adhesives solutions that can withstand harsh operating conditions while meeting stringent quality standards.
The construction industry represents a major growth catalyst for epoxy adhesives, with Asia-Pacific accounting for approximately 45% of global construction spending. The region's rapid urbanization and infrastructure development have created substantial demand for high-performance bonding solutions in both residential and commercial applications. China's construction market alone represents 20% of global construction investments, highlighting the scale of opportunity in the region. The increasing adoption of sustainable building practices and the need for energy-efficient construction methods have further accelerated the uptake of advanced construction adhesives solutions.
The electronics and medical device sectors are emerging as significant growth drivers for specialized epoxy adhesives. The medical device market in the region is projected to reach USD 161.38 billion by 2027, creating substantial opportunities for high-performance adhesive applications in medical equipment manufacturing. Manufacturers are developing innovative formulations that meet stringent medical-grade requirements while offering superior bonding strength and chemical resistance. The rise of electric vehicles has also spurred demand for specialized electronic adhesives in battery assembly and electronic component manufacturing, particularly in thermal management applications.
The market is witnessing a notable shift toward environmentally sustainable solutions and advanced curing technologies. Manufacturers are investing in research and development to create low-VOC formulations and water-based alternatives that comply with increasingly stringent environmental regulations. The e-commerce sector's robust growth, with a projected CAGR of 7.58% during 2022-2025, has also influenced product development and distribution strategies. This has led to innovations in packaging and application methods, making epoxy adhesives more accessible to a broader range of end-users while maintaining their high-performance characteristics.
Asia-Pacific Epoxy Adhesive Market Trends and Insights
Increasing adoption of electric vehicles to drive the industry
- The Asia-Pacific automotive industry is one of the leading industries in the market, as the sales of automotive vehicles are largely increasing. Among all the countries, China is the largest automotive producer, accounting for about 57% of the regional production, followed by Japan with 17%, India with 10%, and South Korea with 8%.
- Vehicle sales in the region have majorly declined along with production, owing to which the utilization of adhesives has been impacted. While the Y-o-Y variation in 2017-18 was -1.8%, it fell further by -6.4% in 2018-19. In 2019-20, regional production was again impacted negatively and recorded a -10.2% decline from the previous year due to the COVID-19 pandemic. The shutdown of manufacturing facilities and the shortage of vehicle components due to disruptions in the supply chain constrained the production level. However, in 2021, the demand for automobiles rose again and is expected to continue, thereby increasing the utilization of adhesives across the region over the forecast period.
- The EV market in Asia-Pacific offers another opportunity for the adhesives market to grow. The rising production and adoption of EVs and hybrid vehicles are boosting the usage of adhesives for electronic component assembly in vehicles. China is the largest producer of EVs globally as well as across the region. From 2016 to 2021, the volume of commercial electric vehicles increased from 562,603 to 1,116,382 units, recording a growth rate of about 98%. These factors are expected to increase the demand for adhesives and result in the higher market growth over the forecast period.
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Raising investment to expand infrastructural activities will augment the industry size
- Asia-Pacific is driven by the world's major economies, such as China, Japan, and India. China is promoting and undergoing a process of continuous urbanization, with a target rate of 70% for 2030. The increased living spaces required in the urban areas resulting from increasing urbanization and the desire of middle-income urban residents to improve their living conditions may impact the housing market and, thereby, increase the residential constructions in the country.
- Non-residential infrastructure is likely to expand significantly. The Chinese government approved 26 infrastructure projects worth approximately USD 142 billion in 2019, with completion due in 2023. The country has the largest construction market globally, accounting for 20% of all worldwide construction investments. By 2030, the government plans to spend over USD 13 trillion on construction. Thus, the construction market is expected to register a 4.48% CAGR during the forecast period (2022-2028).
- The construction industry is one of the largest industries in Asia-Pacific and recorded promising growth in 2019. The industry continues to grow as the region constitutes many developing countries such as Vietnam, Malaysia, Indonesia, Thailand, and other South Asian countries. However, due to the COVID-19 pandemic, the construction sector witnessed a significant decline owing to lockdowns by governments across the region, which severely affected developing countries, including India, China, Japan, and ASEAN countries.
- The Asia-Pacific region is also witnessing significant interest from international investors in the construction space. Foreign Direct Investment (FDI) in the construction development sector is increasing as developing countries provide better returns and opportunities for investors.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rapid growth of civil aviation will propel the aerospace industry
- Fast paced growth of e-commerce industry in developing nations to augment the industry
- Large concentration of footwear exporters in the Asia-Pacific region will facilitate the industry growth
- High presence of furniture manufacturers in the Asia-Pacific region will propel the industry
Segment Analysis: End User Industry
Automotive Segment in Asia-Pacific Epoxy Adhesives Market
The automotive segment dominates the Asia-Pacific epoxy adhesives market, accounting for approximately 35% of the total market volume in 2024. This significant market share is driven by the extensive use of automotive adhesives in vehicle manufacturing, particularly in structural bonding applications and electronic component assembly. The segment's dominance is further strengthened by the rapid growth of electric vehicle production in the region, especially in countries like China, Japan, and South Korea. Epoxy adhesives are increasingly replacing traditional mechanical fasteners in automotive applications due to their superior bonding strength of 35-41 N/mm2, which is the highest among all adhesive types. The automotive industry's focus on lightweight vehicle construction and improved fuel efficiency has also contributed to the increased adoption of epoxy bonding, as they offer significant weight reduction compared to traditional joining methods.
Healthcare Segment in Asia-Pacific Epoxy Adhesives Market
The healthcare segment is emerging as the fastest-growing segment in the Asia-Pacific epoxy adhesives market, with a projected growth rate of approximately 8% during 2024-2029. This remarkable growth is primarily attributed to the increasing adoption of specialty adhesives in medical device manufacturing and healthcare equipment assembly. The segment's growth is driven by the superior properties of medical-grade epoxy adhesives, which are typically 100% solid, contain no solvents, and are non-toxic, making them ideal for healthcare applications. The rising demand for advanced medical devices, coupled with stringent safety requirements in healthcare applications, is fueling the segment's growth. Additionally, the expansion of healthcare infrastructure across the region and the growing trend towards minimally invasive medical procedures are creating new opportunities for epoxy bonding applications in medical device manufacturing.
Remaining Segments in End User Industry
The other significant segments in the Asia-Pacific epoxy adhesives market include building and construction, woodworking and joinery, aerospace, packaging, and footwear industries. The building and construction segment maintains a strong presence due to the extensive use of industrial adhesives in structural applications and floor repairs. The woodworking and joinery segment benefits from the growing furniture industry and increasing wooden construction projects. The aerospace segment, though smaller, is crucial due to the high-performance requirements in aircraft assembly. The packaging segment is driven by the growth in e-commerce and sustainable packaging solutions, while the footwear segment primarily uses thermosetting adhesives in specialized applications like military and safety shoes. Each of these segments contributes uniquely to the market's diversity and overall growth potential.
Segment Analysis: Technology
Reactive Segment in Asia-Pacific Epoxy Adhesives Market
The reactive technology segment dominates the Asia-Pacific epoxy adhesives market, holding approximately 64% market share in 2024. Reactive epoxy adhesives are extensively used across various applications ranging from general industry and construction to electronics assembly, automobile production, and the aerospace industry. These adhesives are particularly popular in the automotive sector due to their ability to effectively bond between substrates at room temperature while providing long-lasting, permanent resilience and temperature resistance. The construction industry's rapid growth in the region, particularly in China, which accounts for about 20% of global construction investment, has significantly boosted the demand for reactive epoxy adhesives. These adhesives are preferred for their ability to cure at typical room temperatures and their suitability for heavy loads requiring high-strength adherence and durability.
Water-borne Segment in Asia-Pacific Epoxy Adhesives Market
The water-borne epoxy adhesives segment is emerging as the fastest-growing technology segment in the Asia-Pacific market, with an expected growth rate of approximately 8% during 2024-2029. Water-borne epoxy adhesives, formulated as dispersions or emulsions with polymer particles typically ranging from 50-300 nm in diameter, are gaining significant traction due to their eco-friendly nature and very low VOC emissions. The segment's growth is primarily driven by increasing adoption in the healthcare industry and rising environmental regulations across the region. These adhesives are particularly favored by automotive, aerospace, and healthcare industries due to their quick processing capabilities and strong adhesion to various substrates, especially plastic materials. The rising demand for environment-friendly adhesives and their applications in medical devices, including medical tapes and labeling, is expected to further accelerate the segment's growth.
Remaining Segments in Technology
The solvent-borne and UV-cured segments complete the technology landscape of the Asia-Pacific epoxy adhesives market. Solvent-borne epoxy adhesives are particularly significant in electronics applications and the aerospace industry due to their high shear strength and ability to withstand extreme temperatures. UV-cured epoxy adhesives, known for their strong bonding and fast curing times, have carved a niche in specialized applications across aerospace, healthcare, and automotive industries. While these segments face some challenges from environmental regulations, particularly regarding VOC emissions in the case of solvent-borne adhesives, they continue to maintain their importance in specific high-performance applications where their unique properties are essential.
Asia-Pacific Epoxy Adhesive Market Geography Segment Analysis
Epoxy Adhesives Market in China
China dominates the Asia-Pacific epoxy adhesives market, holding approximately 57% of the total market value in 2024. The country's market is primarily driven by its robust construction industry, which continues to be the largest globally, accounting for a significant portion of worldwide construction investments. The growing emphasis on sustainable building practices and the increasing adoption of advanced structural adhesives technologies in construction applications have further strengthened China's position in the market. The country's automotive sector, particularly the electric vehicle segment, has emerged as a crucial growth driver for epoxy adhesives, with manufacturers increasingly utilizing these adhesives for structural bonding and assembly operations. Additionally, China's aerospace and electronics industries have shown substantial demand for high-performance epoxy adhesives, particularly in applications requiring precise bonding and superior mechanical properties. The country's strong manufacturing base, coupled with its extensive distribution network and the presence of major industry players, continues to reinforce its leadership position in the regional market.
Epoxy Adhesives Market in India
India's epoxy adhesives market is positioned for remarkable growth, with a projected CAGR of approximately 7% during 2024-2029. The country's market expansion is being fueled by rapid industrialization and significant investments in infrastructure development projects. The automotive sector, particularly the electric vehicle segment, has emerged as a key growth driver, with manufacturers increasingly adopting epoxy adhesives for various applications, including structural bonding and electronic component assembly. India's construction industry, which is experiencing substantial growth due to urbanization and government infrastructure initiatives, has created significant opportunities for epoxy adhesive manufacturers. The country's electronics manufacturing sector, supported by various government initiatives promoting domestic production, has also contributed to increased demand for specialized epoxy adhesives. Furthermore, the aerospace and defense sectors have shown growing interest in high-performance aerospace adhesives, particularly for critical structural applications. The presence of both domestic and international manufacturers, coupled with increasing investments in research and development, has created a competitive market environment fostering innovation and market growth.
Epoxy Adhesives Market in Japan
Japan's epoxy adhesives market is characterized by its strong focus on technological innovation and high-quality standards. The country's automotive industry, particularly its advanced electric vehicle sector, continues to be a major consumer of epoxy adhesives, with manufacturers emphasizing lightweight construction and enhanced structural integrity. Japan's electronics industry, known for its precision and innovation, drives significant demand for specialized epoxy adhesives in various applications, from consumer electronics to industrial equipment. The country's construction sector, particularly in seismic-resistant building applications, has shown consistent demand for high-performance epoxy adhesives. Japanese manufacturers have been at the forefront of developing eco-friendly epoxy adhesive formulations, responding to stringent environmental regulations and growing sustainability concerns. The presence of major automotive and electronics manufacturers, combined with robust research and development activities, continues to drive market advancement. Additionally, Japan's aerospace and defense sectors maintain steady demand for high-performance aerospace adhesives, particularly in critical structural applications.
Epoxy Adhesives Market in South Korea
South Korea's epoxy adhesives market is driven by its strong industrial base, particularly in electronics and automotive manufacturing. The country's position as a global leader in electronics manufacturing has created substantial demand for specialized epoxy adhesives in applications ranging from consumer devices to industrial equipment. The automotive sector, with its focus on electric vehicle production, continues to be a significant consumer of epoxy adhesives for various structural and assembly applications. South Korea's construction industry, particularly in commercial and industrial sectors, maintains steady demand for high-performance epoxy adhesives. The country's manufacturers have shown increasing interest in developing innovative epoxy adhesive solutions, particularly focusing on improved performance characteristics and environmental sustainability. The presence of major industrial conglomerates and their extensive supply chains has created a sophisticated market ecosystem. Furthermore, the country's aerospace and defense sectors contribute to the demand for specialized epoxy adhesive formulations.
Epoxy Adhesives Market in Other Countries
The epoxy adhesives market in other Asia-Pacific countries, including Australia, Indonesia, Malaysia, Singapore, and Thailand, demonstrates diverse growth patterns influenced by their respective industrial bases and economic development stages. These markets are characterized by increasing industrialization, growing construction activities, and expanding manufacturing sectors. Australia's market is primarily driven by its construction and mining sectors, while Indonesia shows strong growth potential in automotive and electronics manufacturing. Malaysia and Singapore, with their focus on high-tech manufacturing and electronics, demonstrate sophisticated demand patterns for specialized epoxy adhesives. Thailand's automotive manufacturing sector continues to be a significant consumer of epoxy adhesives. These countries show varying levels of market maturity, with some focusing on basic industrial applications while others advance into high-tech and specialized applications. The presence of both regional and international manufacturers has created competitive market environments, fostering innovation and market development across these countries.
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Competitive Landscape
Top Companies in Asia-Pacific Epoxy Adhesives Market
The leading manufacturers in the market are focusing on continuous product innovation to meet evolving industry demands, particularly in automotive and electronics applications. Companies are investing significantly in research and development to develop sustainable and environmentally friendly epoxy adhesives solutions while expanding their manufacturing capabilities across the region. Strategic moves like mergers, acquisitions, and partnerships have become increasingly common as companies aim to strengthen their market position and expand their geographical presence. Manufacturers are also emphasizing operational agility through investments in advanced manufacturing technologies and digitalization initiatives. The expansion of distribution networks and establishment of technical centers across key markets has emerged as a crucial strategy to enhance customer service and support. Additionally, companies are diversifying their product portfolios through both organic growth and strategic acquisitions to cater to various end-user industries.
Market Dominated by Global Chemical Conglomerates
The Asia-Pacific epoxy adhesives market structure is characterized by the strong presence of global chemical conglomerates who leverage their extensive research capabilities and established distribution networks. These multinational companies compete with regional specialists who have deep local market knowledge and established customer relationships in specific industries. The market demonstrates a moderate level of fragmentation, with the top five companies accounting for a significant share while numerous smaller players serve niche applications and local markets.
The competitive landscape is witnessing increased consolidation through strategic acquisitions and partnerships, particularly in high-growth markets like China and India. Global players are acquiring local manufacturers to strengthen their regional presence and expand their customer base, while domestic companies are forming strategic alliances to enhance their technological capabilities and market reach. The market also sees active participation from Japanese and South Korean manufacturers who have strong technological expertise in specialized applications for the electronics and automotive sectors.
Innovation and Sustainability Drive Future Success
For incumbent companies to maintain and increase their market share, developing innovative products with enhanced performance characteristics while meeting sustainability requirements will be crucial. Companies need to focus on building strong relationships with key automotive and electronics manufacturers, as these industries drive significant demand for industrial adhesives. Investment in local manufacturing facilities and technical support centers will be essential to provide customized solutions and rapid response to customer needs. Additionally, developing eco-friendly products that comply with increasingly stringent environmental regulations while maintaining performance standards will be a key differentiator.
New entrants and smaller players can gain ground by focusing on specific industry verticals or geographical markets where they can build expertise and strong customer relationships. Success will depend on developing specialized products for high-growth applications while establishing efficient distribution networks. Companies must also consider the increasing importance of technical support services and the ability to provide customized solutions. The rising emphasis on sustainable products and circular economy principles presents opportunities for innovative companies to capture market share through eco-friendly solutions. Building strategic partnerships with raw material suppliers and end-users will be crucial for long-term success in this competitive market, particularly in the realm of specialty adhesives and engineering adhesives.
Asia-Pacific Epoxy Adhesive Industry Leaders
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3M
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H.B. Fuller Company
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Henkel AG & Co. KGaA
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Hubei Huitian New Materials Co. Ltd
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Sika AG
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- December 2021: Sika planned to establish a new technology center and manufacturing factory for high-quality adhesives and sealants in Pune, India. The company primarily manufactures products for the transportation and construction industries through its three new production lines.
- July 2021: H.B. Fuller announced a strategic agreement with Covestro to offer sustainable adhesives in the market.
- June 2021: H.B. Fuller signed a distribution agreement with Jubilant Agri and Consumer Products to promote its adhesive solutions in the Indian woodworking segment.
Asia-Pacific Epoxy Adhesive Market Report Scope
Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery are covered as segments by End User Industry. Reactive, Solvent-borne, UV Cured Adhesives, Water-borne are covered as segments by Technology. Australia, China, India, Indonesia, Japan, Malaysia, Singapore, South Korea, Thailand are covered as segments by Country.
End User Industry
| Aerospace |
| Automotive |
| Building and Construction |
| Footwear and Leather |
| Healthcare |
| Packaging |
| Woodworking and Joinery |
| Other End-user Industries |
Technology
| Reactive |
| Solvent-borne |
| UV Cured Adhesives |
| Water-borne |
Country
| Australia |
| China |
| India |
| Indonesia |
| Japan |
| Malaysia |
| Singapore |
| South Korea |
| Thailand |
| Rest of Asia-Pacific |
| End User Industry | Aerospace |
| Automotive | |
| Building and Construction | |
| Footwear and Leather | |
| Healthcare | |
| Packaging | |
| Woodworking and Joinery | |
| Other End-user Industries | |
| Technology | Reactive |
| Solvent-borne | |
| UV Cured Adhesives | |
| Water-borne | |
| Country | Australia |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Malaysia | |
| Singapore | |
| South Korea | |
| Thailand | |
| Rest of Asia-Pacific |
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Market Definition
- End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Woodworking & Joinery, Footwear & Leather, Healthcare, and Others are the end-user industries considered under the epoxy adhesives market.
- Product - All epoxy adhesive products are considered in the market studied
- Resin - Under the scope of the study, one component and two component based epoxies are considered
- Technology - For the purpose of this study, Water-borne, Solvent-borne, Reactive, and UV Cured adhesive technologies are taken into consideration.
| Keyword | Definition |
|---|---|
| Hot-melt Adhesive | Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed. |
| Reactive Adhesive | A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Solvent-borne Adhesive | Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers). |
| Water-borne Adhesive | Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent. |
| UV Cured Adhesive | UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives. |
| Heat-resistant Adhesive | Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage. |
| Reshoring | Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this. |
| Oleochemicals | Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats. |
| Nonporous Materials | Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow. |
| EU-Vietnam Free Trade Agreement | A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019. |
| VOC content | Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants. |
| Emulsion Polymerization | Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product. |
| 2025 National Packaging Targets | In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025. |
| Russian Government’s Import Substitution Policy | The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015. |
| Paper Substrate | Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered. |
| Insulation Material | A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils. |
| Thermal Shock | A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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