About Epoxy Adhesives
Epoxy adhesives can be used in wood, metal, glass, stone, and some plastics products in various industries such as building & construction, transportation, automotive, aerospace, etc. These adhesives provide strength, transparency, rigidity, and flexibility to the bonds of the products. There are two types of epoxy adhesives namely one-component, two-component adhesive. Epoxy material like pure epoxy, polyester resins, epoxy acrylates is used for the adhesives.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Epoxy Adhesives is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Epoxy Adhesives market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Henkel AG & Company, KGaA (Germany), 3M Company (United States), Huntsman Corporation (United States), Ashland Global Specialty Chemicals Inc. (United States), LORD Corporation (Parker-Hannifin Corporation) (United States), Dow Inc. (United States), Illinois Tool Works Inc (Permatex) (United States), Epoxy Technology, Inc. (United States) and Meridian Adhesives Group (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Adhesives Technology Corporation (United States), Permabond LLC (United Kingdom) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Epoxy Adhesives market by Type (One-Component Epoxy Adhesives and Two-Component Epoxy Adhesives), Application (Unmanned Aerial Vehicles (UAV), Sonar, Guidance Systems, Ground and Maritime Vehicles, Electronic Component Assembly and Others) and Region.
On the basis of geography, the market of Epoxy Adhesives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Building & Construction will boost the Epoxy Adhesives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Epoxy, the sub-segment i.e. Pure Epoxy will boost the Epoxy Adhesives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Epoxy Adhesives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Epoxy Adhesives in the Building & Construction Industry Worldwide
Market Growth Drivers:
Growing Demand for the Industrial Adhesives Worldwide and Need for the High Strength, Transparent, Rigid, and Flexible Adhesives Products for all type of Application
Challenges:
Stringent Regulatory Standards on the Chemicals Epoxy Adhesives
Restraints:
Epoxy Adhesives Used Industrial Products is Hard to Repair because of the Strength of Adhesive
Opportunities:
Surging Demand for the Epoxy Adhesives from Electronics and Automobiles Industry
Market Leaders and their expansionary development strategies
In July 2020, Meridian Adhesives Group (Meridian) announced the acquisition of E-Chem. These high-value products are used in the preservation, rehabilitation, repair, and structural support of concrete surfaces and structures. The company serves multiple industries, including transportation authorities, petrochemical processing, renewable energy, non-residential concrete construction, and parking structure rehabilitation.
In May 2020, Adhesives Technology Corporation has released two new code compliant, ICC evaluated adhesive anchoring products – ULTRABOND HYB-2CC, a hybrid vinylester and ULTRABOND EPX-3CC, a high performance, value optimized epoxy.
Key Target Audience
Epoxy Adhesives Manufacturers, Epoxy Adhesives International Traders, Epoxy Adhesives Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.