The global epoxy adhesives market size reached US$ 7.15 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.97 Billion by 2027, exhibiting a growth rate (CAGR) of 5.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Epoxy adhesives comprise epoxy resins and curing agents that are used to adhere or join surfaces together with a strong, permanent, and robust bond. They have high durability as epoxy adhesives maintain their resilience for an extended period. They do not melt when exposed to high temperatures as these adhesives provide enhanced thermosetting. They are used in underwater construction due to their no shrinkage and waterproof properties. As they offer good chemical resistance, high void-filling capabilities, electrical and thermal conductivity, and enhanced versatility, epoxy adhesives find extensive applications in construction, transportation, marine, automotive, and electrical industries.
Epoxy Adhesives Market Trends:
The growing investments in producing electric vehicles (EVs) to reduce the emissions of greenhouse gases represent one of the key factors driving the market. Besides this, there is a rise in the installation of lightweight materials in automobiles to reduce their weight and offer high efficiency. This, along with the burgeoning automotive sector, is contributing to the growth of the market. Moreover, several benefits offered by epoxy adhesives, such as vibration and shock resistance, tolerance to thermal cycling, long-term durability, strong adhesion to different substrates, uniform stress distribution, ease of application, and dimensional stability, are positively influencing the market. In addition, the increasing utilization of epoxy adhesives in the construction industry to bond metals, concrete, glass, ceramics, and various plastics is propelling the growth of the market. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce radiation-cured epoxy adhesives. They are also offering waterborne epoxy adhesives to reduce the risk of volatile organic compounds (VOCs) and enhance worker safety, which is expected to bolster the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global epoxy adhesives market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, distribution channel and end use industry.
Breakup by Product Type:
Breakup by Distribution Channel:
Breakup by End Use Industry:
- Aerospace and Defense
- Electrical and Electronics
- Energy and Power
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Bostik SA (Arkema S.A.), DELO Industrial Adhesives, DuPont de Nemours Inc., Helmitin Adhesives, Hexcel Corporation, Mapei S.p.A., Master Bond Inc., Parker Hannifin Corporation, Permabond LLC, Pidilite Industries Limited and Sika AG.
|Base Year of the Analysis
| Historical Period
||Product Type, Distribution Channel, End Use Industry, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||3M Company, Bostik SA (Arkema S.A.), DELO Industrial Adhesives, DuPont de Nemours Inc., Helmitin Adhesives, Hexcel Corporation, Mapei S.p.A., Master Bond Inc., Parker Hannifin Corporation, Permabond LLC, Pidilite Industries Limited and Sika AG.
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Key Questions Answered in This Report:
- How has the global epoxy adhesives market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global epoxy adhesives market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global epoxy adhesives market and who are the key players?
- What is the degree of competition in the industry?