Epoxy Adhesives Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Product Type (One-component and Two-component), End-user Industry (Aerospace and Defense, Automotive, Marine, Electrical and Electronics, Construction, Energy and Power, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Market Snapshot

epoxy adhesives market

Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

Greater Than 5.5 %

Major Players:

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Market Overview

The market for epoxy adhesives is expected to register a CAGR of over 5.5% during the forecast period. Major factors driving the market studied are the increasing demand for miniaturized and lightweight electronics. Stringent environmental regulations are expected to hinder the growth of the market studied.

  • Increasing applications and rising awareness of structural adhesives are likely to act as an opportunity in the future.
  • Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and Japan.

Scope of the Report

The epoxy adhesives market report includes:

Product Type
One-component
Two-component
End-user Industry
Aerospace and Defense
Automotive
Marine
Electrical and Electronics
Construction
Energy and Power
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Italy
France
Spain
Russia
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
United Arab Emirates
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from the Construction Industry

  • Epoxy adhesives are used in construction applications, majorly for concrete repair and anchoring purposes.  They are also used in woodworking and carpentry applications to increase the strength of adhesion with wooden surfaces in constructions.
  • These adhesives are commonly used to bond steel, to reinforce plates or carbon laminates, and to strengthen beams and columns. 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 constant load on the road and the different temperature ranges.
  • Epoxies are exclusively used for bonding of fasteners, where they protect the fastening materials, such as bolts from stresses and corrosion, in turn strengthening the bond.
  • Epoxy adhesives are widely employed in public infrastructures, such as bridges for joining precast materials. They are also used for bonding of steel reinforcement components and carbon laminates for columns and slabs. Anchoring of bolts and steel bars in concrete and joining the ends of concrete or metal pipes for sewage systems are other applications that involve the usage of epoxy adhesives.
  • Such factors are boosting the demand for epoxy adhesives in the construction sector.
Epoxy Adhesives Market Trends

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Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region dominated the global market share. In Asia-Pacific, China is the largest economy in terms of GDP. China’s 13th Five Year Plan started in 2016, as it was an important year for the country’s engineering, procurement, and construction (EPC) industry. In addition, the country ventured into new business models, domestically and internationally, during the year. Although the construction sector slowed down after 2013, it is still a major contributor to the GDP of the country.
  • China’s construction industry developed rapidly, due to the central government’s push for infrastructure investment as a means to sustain economic growth. Also, the Chinese automotive manufacturing industry is the largest in the world.
  • Furthermore, the Indian government has been taking initiatives to attract FDI in the automotive industry, allowing 100% FDI under the automatic route. The government also has plans to introduce a new Green Urban Transport Scheme, with central assistance of about USD 3,600 million, in order to boost the growth of urban transport along the low-carbon path, with an aim to reduce air pollution substantially. Such factors are boosting the demand for the market studied in the region.
Epoxy Adhesives Market Regional Trends

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Competitive Landscape

The epoxy adhesives market is fragmented in nature. The diverse product portfolio of Henkel helps it maintain the dominating position in the market studied. Other prominent players include Henkel Limited, 3M, SIKA AG, HB Fuller (Cyberbond L.L.C.), and Arkema, among others.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Accelerating Demand from the Automotive Industry

      2. 4.1.2 Increasing Demand for Miniaturized and Lightweight Electronics

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environmental Regulations Regarding VOCs

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Raw Material Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 One-component

      2. 5.1.2 Two-component

    2. 5.2 End-user Industry

      1. 5.2.1 Aerospace and Defense

      2. 5.2.2 Automotive

      3. 5.2.3 Marine

      4. 5.2.4 Electrical and Electronics

      5. 5.2.5 Construction

      6. 5.2.6 Energy and Power

      7. 5.2.7 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

        4. 5.3.2.4 Rest of North America

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Spain

        6. 5.3.3.6 Russia

        7. 5.3.3.7 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 United Arab Emirates

        4. 5.3.5.4 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M Co.

      2. 6.4.2 AdCo UK Limited

      3. 6.4.3 Adhesive Technologies Corp.

      4. 6.4.4 Alfa International Corporation

      5. 6.4.5 American Chemical Inc.

      6. 6.4.6 Arkema Group (Bostik SA)

      7. 6.4.7 Ashland Inc.

      8. 6.4.8 Benson Polymers Ltd

      9. 6.4.9 Collano Adhesives AG

      10. 6.4.10 DELO Industrial Adhesives

      11. 6.4.11 Dow Chemical Co.

      12. 6.4.12 Dymax

      13. 6.4.13 H.B. Fuller Co.

      14. 6.4.14 Helmitin Adhesives

      15. 6.4.15 Henkel Limited

      16. 6.4.16 Hexcel Corporation

      17. 6.4.17 Super Glue Corp.

      18. 6.4.18 Huntsman Corp.

      19. 6.4.19 ITW Performance Polymers (Illinois Tool Works Inc.)

      20. 6.4.20 Jowat AG

      21. 6.4.21 LORD Corp.

      22. 6.4.22 Mapei Spa

      23. 6.4.23 Master Bond

      24. 6.4.24 Permabond Engineering Adhesives Ltd

      25. 6.4.25 Pidilite Industries Ltd

      26. 6.4.26 RPM International

      27. 6.4.27 Sika AG

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Applications and Rising Awareness of Structural Adhesives

* List Not Exhaustive

** Subject to Availability

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