Global Epoxy Adhesives Market Outlook & Forecasts 2022-2027: Growing Demand from Aerospace Industry, Replacing Mechanical Fasteners, & Increasing Demand from Consumer Electronics Industry - ResearchAndMarkets.com

·5 min read

DUBLIN, January 26, 2022--(BUSINESS WIRE)--The "Epoxy Adhesives Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The demand for epoxy adhesives is increasing at a fast pace across all sectors. Construction and automotive are the two major end-users in epoxy adhesives.

The prominent reasons for the broad acceptance of epoxy adhesive in this diverse market are due to their outstanding physical properties such as resistance to corrosion and chemicals, releases no volatiles during curing, compatible with numerous surfaces such as metal, plastic, wood, and ceramic, and offers high durability & strength. Despite its performance capabilities, ease of use is also the prime reason driving the global epoxy adhesives market demand.

EPOXY ADHESIVE MARKET SEGMENTATION

One-component epoxy adhesive is being used in place of brazing joints or wielding, thus, reducing the manpower cost and the threat associated with t labor-intensive welding process. Therefore, it is one of the major reasons for the increasing use of one-component epoxy adhesive in the adhesive industry.

The penetration of offline mode is high compared to online. Moving forward, the online channel of distribution is expected to grow faster due to the increasing digitalization in the chemical industry. Due to increasing technological adoption and internet availability, vendors promote and sell their products via online distribution channels.

GEOGRAPHICAL ANALYSIS

North America: The electronics industry will be one of the fastest-growing segments in the region amongst all the major end-user industries. This is due to the rise in demand for various electronic devices, the onset of 5G technology, smartphones, healthcare and lifestyle devices, electric cars, etc.

Latin America: In Latin America, in 2021, around 228 properties are under construction, over 106 hotels are likely to be completed by 2022, and another 55 hotel projects are in the pipeline for 2023. So, with the existing opportunities in the construction industry, the market for epoxy adhesive will rise in the region in the forecast period.

VENDOR LANDSCAPE

The key players in the epoxy adhesive market are Henkel, B. Fuller, 3M, Sika, and Permabond.

Companies must enter collaborative partnerships as a key strategy to ensure a sustainable presence in the market. Such associations or acquisitions will ensure mutual transfer of technologies and delivery of a better product.

Henkel acquired Aislantes Nicionales and Union Tecnico Comercial SRL in 2019. The company is looking forward to expanding its operations to all parts of Latin America and exploring its market scope.

KEY MARKET DRIVERS

  • Increasing Spending on Building & Construction

  • Rising Home Improvement Activity

  • Increasing Demand for Bio-based Epoxy Adhesive

  • Growing Demand from Aerospace Industry

  • Epoxy Adhesive Replacing Mechanical Fasteners

  • Increasing Demand from Consumer Electronics Industry

KEY HIGHLIGHTS

  • According to a report by the Joint Center of Housing Studies of Harvard University, boomers are expected to account for 56% of all residential remodeling spending by 2025, increasing 31% from 2025. This factor will drive the demand for epoxy adhesives in the construction sector.

  • Sustainable development has become one of the prime objectives in the manufacturing sector. As a result, the demand for bio-based polymers such as cellulose, starch, protein, or lignin is increasing as a replacement for petroleum-based adhesives.

Key Vendors

  • Henkel

  • H.B. Fuller

  • 3M

  • Sika AG

  • Permabond

Other Prominent Vendors

  • Pidilite Industries

  • ITW

  • Ashland Global Speciality Chemicals

  • Delo Industrial Adhesives

  • Huntsman International LLC

  • Parson adhesive

  • Dymax

  • Flamemaster Corporation

  • Permatex

  • Master Bond

  • Solvay Chemicals

  • Beacon adhesives

  • Jowat

  • Hernon Manufacturing

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

4.1 Market Definition

4.2 Base Year

4.3 Scope Of The Study

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Currency Conversion

5.3 Market Derivation

6 Market at a Glance

7 Introduction

7.1 Overview

7.1.1 Key Insights

7.2 New Product Development

7.3 Covid-19 Impact

8 Frequently Asked Questions

8.1 How Will The Epoxy Adhesives Market Perform In The Coming Years?

8.2 What Are The Major Factors Driving The Demand For Epoxy Adhesives?

8.3 What Is The Most Profitable & Preferred Epoxy Adhesive Type?

8.4 Which End-User Segment Generates The Highest Revenue For Epoxy Adhesive Vendors?

8.5 Which Is The Largest Regional Market For Epoxy Adhesives?

8.6 Who Are The Major Players Operating In The Epoxy Adhesives Market?

9 Growth Opportunity By Segment

9.1 Type

9.2 Distribution Channel

9.3 End-User

9.4 Geography

10 Market Opportunities & Trends

10.1 Increasing Spending On Building & Construction

10.2 Rising Home Renovation Activities

10.3 Increasing Demand For Bio-Based Epoxy Adhesives

11 Market Growth Enablers

11.1 Growing Demand From Aerospace Industry

11.2 Epoxy Adhesives Replacing Mechanical Fasteners

11.3 Increasing Demand From Consumer Electronics Industry

12 Market Growth Restraints

12.1 Volatility In Raw Material Prices

12.2 Variability In End-User

12.3 Increasing Competition From Acrylic Adhesives

13 Market Landscape

13.1 Market Overview

13.2 Geographic Landscape

13.3 Market Size & Forecast

13.4 Five Forces Analysis

14 Epoxy Adhesive Type

14.1 Market Snapshot & Growth Engine

14.2 Market Overview

14.3 One-Component

14.4 Two-Component

15 Distribution Channel

15.1 Market Snapshot & Growth Engine

15.2 Market Overview

15.3 Online

15.4 Offline

16 End-User

16.1 Market Snapshot & Growth Engine

16.3 Market Overview

16.4 Building & Construction

16.5 Automotive & Transportation

16.6 Aerospace

16.7 Semiconductor

16.8 Electrical & Electronics

16.9 Wind Energy

17 Geography

17.1 Market Snapshot & Growth Engine

17.2 Geographic Overview

17.3 Type

17.4 End-User

17.5 Distribution Channel

17.6 Key Countries

For more information about this report visit https://www.researchandmarkets.com/r/a9libu

View source version on businesswire.com: https://www.businesswire.com/news/home/20220126005607/en/

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900