TAGS: Epoxy Adhesives
Research and Markets (RM) anticipates that the epoxy adhesives market is projected to grow from USD 9.2 billion in 2022 and is projected to reach USD 11.7 billion by 2027, at a CAGR of 5.0%, between 2022 and 2027 period.
Two-component epoxy adhesives, by type segment in Asia Pacific region is expecting a boom in the forecasted period and will lead to an increase in the demand for epoxy adhesives market.
Two-component Epoxy Adhesives: Largest Market Segment
Two-component epoxy adhesives account for the largest market share in terms of value. These adhesives offer a unique versatility in application and performance. They consist of a resin and a hardener formulated to offer mechanical, thermal, optical, and
electrical properties.
One-component epoxy adhesive is a fast-growing segment in the overall epoxy adhesives market because of its advanced properties, which include instant curing properties, solvent-less system, and superior resistance against loads or pressure.
View All 2 Component Epoxy Formulations
Highest Growth in Asia Pacific Region
Asia Pacific remains the highest growing region, with key large adhesive producers establishing their manufacturing bases here. The production of manufactured goods is increasing to meet the increasing demand driven by improving living standards, especially in the consumer product and disposable markets, which use large volumes of commodity adhesives.
Many new production facilities - export-oriented and for domestic markets - use the latest manufacturing processes designed for using adhesives instead of the older mechanical fastening equipment that manufacturers first used in developed regions.
Source: Research and Markets