Industry News

Epoxy Adhesive Market to be Worth USD 2.25 Billion by 2020: MarketsandMarkets

Published on 2015-10-22. Author : SpecialChem

The report “Epoxy Adhesive Market by Type (One Component, Two Component & Others), by Material Type (Composite & Non Composite), by Application (Transportation, Automotive, Wind Energy, Marine, and Electrical & Electronics) - Global Forecasts to 2020”, report analyzes the global epoxy adhesive market with respect to the market drivers, restraints, opportunities, and challenges in different regions.

Fig. 1: MarketsandMarkets

Epoxy adhesives are adhesives which have their base polymer formed by the epoxy chemical group. Epoxy adhesives are available in one and two component variants. The major advantage of one component epoxy adhesives over two component epoxy adhesive is the fast rate of cure. It also has superior resistance against heavy loads or pressure. This superior resistance of one component epoxy is because of the heat energy applied to create a highly cross-linked structure in a short span of time.

The major driver identified for the global epoxy adhesive market is the growing transportation, automotive, and wind energy industries. The increasing penetration of composites in the automotive, transportation, and marine industries is driving the use of epoxy adhesives in these industries. Countries such as China, the U.S., and India are the major markets of epoxy adhesives. The market in the Middle East and Africa are also growing. In developed countries such as the U.S., Germany, Japan, and Italy, the market is growing at a low-to-moderate rate. The restraints for the market include volatility in raw material prices and regulations curbing the use of hazardous chemicals. The opportunities for the epoxy adhesives industry are growing demand for lightweight and fuel efficient vehicles. This report also covers important developments, expansions, partnerships & agreements, and mergers & acquisitions executed by leading global companies in the market.

The market size of epoxy adhesives, in terms of value, is estimated at USD 1.66 Billion in 2015 and is projected to reach USD 2.25 Billion by 2020, registering a CAGR of 6.3% between 2015 and 2020.

Asia-Pacific is the largest market for epoxy adhesives, both in terms of volume and value, followed by North America and Western Europe. The key players in this market are Henkel AG (Germany), Huntsman (U.S.), the Dow Chemical company (U.S.), 3M Company (U.S.), Ashland Inc. (U.S.), Sika A.G. (Switzerland), Permabond (U.S.), Lord Corporation (U.S.), Illinois Tool Works Incorporation (U.S.), Weicon GmbH (Germany), and others.

About MarketsandMarkets

MarketsandMarkets annually publishes premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. MarketsandMarkets specializes in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. MarketsandMarkets’s 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

Source: MarketsandMarkets

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