Global Forecast on the Epoxy Adhesives Market (2018 to 2024) - the APAC Region is Projected to Lead the Market During the Forecast Period - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Epoxy Adhesives Market by Type (One-Component, Two-Component, And Others), End-Use Industry (Building & Construction, Transportation, Automotive, Wind Energy, Marine, Electrical & Electronics, and Others), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The global epoxy adhesives market size is projected to grow from USD 7.2 billion in 2019 to USD 9.6 billion by 2024, at a CAGR of 6.0.

The demand for lighter vehicles have had manufacturers switch from traditional mechanical fasteners to lightweight and more efficient adhesives, which is driving the global epoxy adhesives market. The stringent environmental regulations in the European countries are, however, restraining the epoxy adhesives market.

Two-component segment is expected to lead the overall epoxy adhesives market during the forecast period.

The two-component type accounted for the majority of the epoxy adhesives market in 2018 and the trend is expected to continue during the forecast period between 2019 and 2024. Epoxy adhesives have greater flexibility and higher bond strength to flexible substrates such as thermoplastics or substrates such as wood and cardboard that tends to change dimensions with the environment.

These epoxies offer unique versatility in application and performance. Two-component epoxy adhesives consist of a resin and a hardener, formulated to offer mechanical, thermal, optical, and electrical properties. These adhesives are generally cured under ambient conditions or moderately elevated temperatures.

Epoxy adhesives market is expected to witness highest growth in building & construction industry during the forecast period.

The market in the building & construction segment is projected to witness the highest CAGR during the forecast period. Epoxy adhesives provides impressively strong bonds for construction, consumer, and manufacturing industries. The post-cured characteristics of these adhesives show excellent resistance to high temperatures and minimal shrinkage. These adhesives also offer good chemical resistance, excellent adhesion and good mechanical properties when applied to well-prepared substrates, ease of application.

APAC is expected to lead the epoxy adhesives market during the forecast period.

The APAC region is projected to lead the epoxy adhesives market from 2019 to 2024, in terms of value. APAC has emerged as one of the leading producers as well as consumers of epoxy adhesives due to rapid industrialization and urbanization. The economic growth in the APAC region, particularly in emerging markets such as India, Taiwan, Indonesia, Malaysia, Thailand, and Vietnam, is contributing to the increase in the number of infrastructure projects. This is, subsequently, expected to drive the demand for epoxy adhesives in the building & construction industry.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Epoxy Adhesives Market

4.2 Epoxy Adhesives Market, By Type

4.3 Epoxy Adhesives Market, By End-Use Industry

4.4 Epoxy Adhesives Market: Developed vs. Developing Countries

4.5 APAC: Epoxy Adhesives Market, By Type and End-Use Industry

4.6 Epoxy Adhesives Market, By Country

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Growing Demand for Lightweight and Low Carbon-Emitting Vehicles

5.2.1.2 High Demand for Epoxy Adhesives in Aerospace Industry

5.2.1.3 Increasing Demand for Epoxy Adhesives in Building & Construction and Wind Energy Industries

5.2.2 Restraints

5.2.2.1 Stringent Environmental Regulations in North American and European Countries

5.2.2.2 Characteristic Limitations of Epoxy Adhesives

5.2.3 Opportunities

5.2.3.1 Increasing Demand for Non-Hazardous, Green, and Sustainable Adhesives

5.2.4 Challenges

5.2.4.1 Limited Opportunities in Developed Countries

5.2.4.2 Changing Regulatory Policies and Standards

5.3 Porter's Five Forces Analysis

5.4 Macroeconomic Indicators

6 Industry Megatrends

6.1 Effects of Future Trends and Technology Disruption on Epoxy Adhesives Manufacturers

6.2 Automotive & Transportation

6.2.1 Electric Vehicles

6.2.2 Shared Mobility

6.2.3 Innovation in Batteries to Power Electric Vehicles

6.2.4 Revolutionary Transformation in Autonomous Driving

6.3 Aerospace

6.3.1 Ultralight and Light Aircraft

6.3.2 Continued Technological Advancement

6.3.3 Unmanned Aircraft Systems (UAS) Or Drones

6.4 Healthcare

6.4.1 Wearable Medical Devices

6.4.2 Microfluidics-Based POC and LOC Diagnostic Devices for Laboratory Testing

6.5 Electronics

6.5.1 Digitalization

6.5.2 Artificial Intelligence

6.5.3 Augmented Reality

7 Epoxy Adhesives Market, By Type

7.1 Introduction

7.2 One-Component Epoxy Adhesives

7.2.1 One-Component Epoxy Adhesives Have Faster Curing Speed Than Two-Component System

7.3 Two-Component Epoxy Adhesives

7.3.1 Two-Component Epoxies More Widely Used in Various End-Use Industries

7.4 Other Epoxy Adhesives

8 Epoxy Adhesives Market, By End-Use Industry

8.1 Introduction

8.2 Building & Construction

8.2.1 Epoxy Adhesive Widely Used in Building & Construction for Its Strength, Aesthetics, and Reduced Manufacturing Costs

8.3 Transportation

8.3.1 Aerospace Segment is Biggest Consumer of Epoxy Adhesives in Transportation Industry

8.3.2 Bus and Truck

8.3.3 Railways

8.3.4 Aerospace

8.4 Wind Energy

8.4.1 Increasing Focus on Green Energy Sources Expected to Drive the Demand

8.5 Electrical & Electronics

8.5.1 Increasing Adoption of Multi-Functional Electronic Devices Propelling the Demand of Epoxy Adhesives

8.6 Automotive

8.6.1 Advancement in Electric Vehicles to Increase Demand for Epoxy Adhesives in Automotive Industry

8.6.2 OEM

8.6.3 Aftermarket

8.7 Marine

8.7.1 Increasing Use of Plastic and Composites in Fabricating Boats Fueling Demand for Epoxy Adhesives

8.8 Other End-Use Industries

9 Epoxy Adhesives Market, By Region

9.1 Introduction

9.2 APAC

9.3 North America

9.4 Europe

9.5 South America

9.6 Middle East & Africa

10 Competitive Landscape

10.1 Overview

10.2 Competitive Leadership Mapping

10.2.1 Visionary Leaders

10.2.2 Innovators

10.2.3 Dynamic Differentiators

10.2.4 Emerging Companies

10.3 Strength of Product Portfolio

10.4 Business Strategy Excellence

10.5 Market Ranking Analysis

10.6 Competitive Scenario

10.6.1 New Product Development/Launch

10.6.2 Investment & Expansion

10.6.3 Partnership/Joint Venture

10.6.4 Merger & Acquisition

10.7 Epoxy Adhesive Patent Analysis

10.7.1 Insight

10.7.2 Trend Analysis and Graphical Representation

10.7.3 Top Assignees (Global)

11 Company Profiles

11.1 Henkel AG

11.2 Sika AG

11.3 3M Company

11.4 H.B. Fuller

11.5 DuPont (DowDuPont)

11.6 Illinois Tool Works Incorporation

11.7 Ashland Inc.

11.8 RPM International Inc.

11.9 Lord Corporation

11.10 Huntsman Corporation

11.11 Other Key Companies

11.11.1 Mapei S.P.A.

11.11.2 Panacol-Elosol GmbH

11.11.3 Permabond LLC.

11.11.4 Delo Industrie Klebstoffe GmbH & Co. KGaA

11.11.5 Masterbond Inc.

11.11.6 Weicon GmbH & Co. KG

11.11.7 Hernon Manufacturing Inc.

11.11.8 Hubei Huitian New Materials Co., Ltd.

11.11.9 Parson Adhesives Inc.

11.11.10 Uniseal, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/foniah