The Epoxy Adhesives Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Epoxy Adhesives Global Market Report 2024, The epoxy adhesives market size has grown strongly in recent years. It will grow from $8.35 billion in 2023 to $8.87 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to industrial and construction growth, repair and maintenance needs, consumer electronics demand, automotive lightweighting, smart manufacturing.
The epoxy adhesives market size is expected to see strong growth in the next few years. It will grow to $11.27 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to sustainability and environmental concerns, electric vehicle (ev) growth, renewable energy infrastructure, aerospace expansion, advanced composite materials. Major trends in the forecast period include technological advancements, sustainable formulations, bio-based epoxy adhesives, miniaturization and microelectronics, hybrid epoxy systems.
The rising urbanization is expected to propel the growth of the epoxy adhesive market going forward. Urbanization is the process of more people moving into urban areas. Urbanization results in an increase in the population of cities and the size of urban regions are mostly caused by people moving from rural to urban areas. The rise in urbanization will lead to the growth of epoxy adhesives which are used in building and construction, automotive and transportation, marine, electrical, and electronics industries. For instance, according to The World Bank, a US-based international financial institution that provides loans and grants to the governments of low- and middle-income countries to pursue capital projects, in 2022 more than 50% of the world's population reside in cities. The number of people living in cities would be more than double to 6 billion by 2045. Therefore, the rising urbanization in the epoxy adhesive is expected to drive the growth of the epoxy adhesive market.
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The epoxy adhesives market covered in this report is segmented –
1) By Type: One Component, Two Component, Other Types
2) By Distribution Channel: Online, Offline
3) By End User: Building and Construction, Transportation, Marine, Automotive, Wind Energy, Electrical and Electronics, Other End Users
Top Major Players
3M Company
Ashland Inc.
Bostik SA
H B Fuller Company
Henkel AG
Technological innovation is the key trend gaining popularity in the epoxy adhesives market. Major companies operating in the epoxy adhesives market are focused on developing new and innovative products to sustain and strengthen their market position. For instance, in June 2022, Toyo-Morton Ltd., a Japan-based manufacturer of laminating adhesives launched a laminating adhesives portfolio with food-safe products that are free of epoxy silanes and organic tin compounds. Both the solvent-based TOMOFLEX and the solvent-free ECOAD family of laminating adhesives are part of the updated portfolio, and both are appropriate for a variety of applications for multilayer flexible packaging, including dry food, liquid pouches, and high-performance retorts. In multilayer flexible packaging constructions, epoxy silane is frequently used as an adhesion promoter to strengthen the bond between layers and lengthen the shelf life of the packaged goods.
The epoxy adhesives market report table of contents includes:
1. Executive Summary
2. Epoxy Adhesives Market Characteristics
3. Epoxy Adhesives Market Trends And Strategies
4. Epoxy Adhesives Market - Macro Economic Scenario
5. Global Epoxy Adhesives Market Size and Growth
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31. Global Epoxy Adhesives Market Competitive Benchmarking
32. Global Epoxy Adhesives Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Epoxy Adhesives Market
34. Epoxy Adhesives Market Future Outlook and Potential Analysis
35. Appendix
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