What Has Been the Progress and Growth of the Epoxy Adhesives Market in Recent Years?
The epoxy adhesives market has seen considerable growth due to a variety of factors.
• In recent years, there has been a robust expansion in the size of the epoxy adhesives market. The market is projected to increase from $8.81 billion in 2024 to $9.33 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%.
Factors that contributed to the growth in the historic period include industrial and construction development, the need for repair and maintenance, consumer electronics' high demand, the trend of automotive lightweighting, and the rise of smart manufacturing.
What Can Be Expected from the Epoxy Adhesives Market in the Coming Years?
The epoxy adhesives market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for epoxy adhesives is set to experience robust growth, with projections indicating it will reach $12.16 billion by 2029, recording a compound annual growth rate (CAGR) of 6.8%.
This growth for the forecasted period can be linked to factors such as environmental and sustainability concerns, the rise in electric vehicles, development in renewable energy infrastructure, expansion in the aerospace industry, and the advent of advanced composite materials. Technological advancements, eco-friendly formulations, bio-based epoxy adhesives, miniaturisation and microelectronics, along with hybrid epoxy systems, are anticipated to be the primary trends over the forecast period.
What Are the Critical Driver Fuelling the Epoxy Adhesives Market's Growth?
The epoxy adhesive market is anticipated to expand significantly due to growing urbanization. The term urbanization refers to the process of increasing population in city areas as people move from rural settings to cities. This progress in urbanization is predicted to promote the usage of epoxy adhesives, particularly in various sectors like building and construction, automotive and transportation, marine, electrical, and electronics industries. For example, The World Bank, an international financial institution based in the US, which offers loans and grants to the governments of low- and middle-income countries for capital projects, indicated that in 2022 more than half of the global population lived in cities. This city population is expected to more than double to 6 billion by the year 2045. Consequently, the epoxy adhesive market is likely to witness substantial growth due to escalating urbanization.
How Is the Epoxy Adhesives Market segmented?
The epoxy adhesives market covered in this report is segmented –
1) By Type: One Component, Two Component, Other Types
2) By Distribution Channel: Online, Offline
3) By End User: Building and Construction, Transportation, Marine, Automotive, Wind Energy, Electrical and Electronics, Other End Users
Subsegments:
1) By One Component: Heat-Curable One Component Epoxy, Moisture-Curable One Component Epoxy
2) By Two Component: Epoxy Resin And Hardener Systems, Fast-Curing Two Component Epoxy, Slow-Curing Two Component Epoxy
3) By Other Types: Conductive Epoxy Adhesives, Structural Epoxy Adhesives, Acrylic-Modified Epoxy Adhesives
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What New Trends Are Influencing the Epoxy Adhesives Market?
Technological advancements are becoming a prevalent trend in the epoxy adhesives industry. Major players in this market are concentrating on creating cutting-edge and inventive products to solidify their market standing. An illustrative example of this would be Toyo-Morton Ltd., a Japanese producer of laminating adhesives who announced the launch of a food-safe laminating adhesives series, devoid of epoxy silanes and organic tin compounds in June 2022. Alongside the solvent-based TOMOFLEX, the solvent-free ECOAD collection of laminating adhesives is also included in this revamped portfolio, serving a broad range of applications in multilayer flexible packaging. This comprises dry food, liquid pouches, and high-performance retorts among others. Epoxy silane oftentimes functions as an adhesion enhancer in multilayer flexible packaging structures to reinforce the bond between layers and extend the shelf life of items packaged within.
Who Are the Key Players in the Epoxy Adhesives Market?
Major companies operating in the epoxy adhesives market include:
• 3M Company
• Ashland Inc.
• Bostik SA
• H B Fuller Company
• Henkel AG
• Mapei SPA
• Sika AG
• DuPont de Nemours Inc.
• Permabond LLC
• Lord Corporation
• Illinois Tool Works Incorporation
• DELO Industrie Klebstoffe GmbH & Co. KGaA
• RPM International
• Huntsman Corporation
• Hubei Huitian New Materials Co. Ltd. Parker Hannifin Corp
• Panacol-Elosol GmbH
• Parson Adhesives Inc.
• The Dow Chemical Company
• Uniseal Inc.
• Weicon GmBH & Co.
• Hernon Manufacturing Inc.
• Masterbond Inc.
• Pidilite Industries Limited
• Helmitin Adhesives
• Hexcel Corporation
• Arkema Group
• Jowat Corporation
• Flamemaster Corporation
• Collano AG
• Benson Polymers Limited.
• Adhesives Technology Corporation
• Alteco Chemical Pte Ltd.
• Chemence Inc.
• Dymax Corporation
• Epoxy Technology
• ITW Polymers Adhesives
• J-B Weld Company
• Kukdo Chemical Co. Ltd.
• L&L Products
• Resin Designs LLC
• SCIGRIP Smarter Adhesive Solutions
What Is The Most Dominant Region In The Epoxy Adhesives Market?
Asia-Pacific was the largest region in the epoxy adhesives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the epoxy adhesives market during the forecast period. The regions covered in the epoxy adhesives market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
