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)--Feb 11, 2020--
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:
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
5.2 Market Dynamics
126.96.36.199 Growing Demand for Lightweight and Low Carbon-Emitting Vehicles
188.8.131.52 High Demand for Epoxy Adhesives in Aerospace Industry
184.108.40.206 Increasing Demand for Epoxy Adhesives in Building & Construction and Wind Energy Industries
220.127.116.11 Stringent Environmental Regulations in North American and European Countries
18.104.22.168 Characteristic Limitations of Epoxy Adhesives
22.214.171.124 Increasing Demand for Non-Hazardous, Green, and Sustainable Adhesives
126.96.36.199 Limited Opportunities in Developed Countries
188.8.131.52 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
6.3.1 Ultralight and Light Aircraft
6.3.2 Continued Technological Advancement
6.3.3 Unmanned Aircraft Systems (UAS) Or Drones
6.4.1 Wearable Medical Devices
6.4.2 Microfluidics-Based POC and LOC Diagnostic Devices for Laboratory Testing
6.5.2 Artificial Intelligence
6.5.3 Augmented Reality
7 Epoxy Adhesives Market, By Type
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
8.2 Building & Construction
8.2.1 Epoxy Adhesive Widely Used in Building & Construction for Its Strength, Aesthetics, and Reduced Manufacturing Costs
8.3.1 Aerospace Segment is Biggest Consumer of Epoxy Adhesives in Transportation Industry
8.3.2 Bus and Truck
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
8.6.1 Advancement in Electric Vehicles to Increase Demand for Epoxy Adhesives in Automotive Industry
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
9.3 North America
9.5 South America
9.6 Middle East & Africa
10 Competitive Landscape
10.2 Competitive Leadership Mapping
10.2.1 Visionary Leaders
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
10.7.2 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.
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INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING
SOURCE: Research and Markets
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PUB: 02/11/2020 05:10 AM/DISC: 02/11/2020 05:10 AM