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.
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.
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
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.
Other Prominent Vendors
Ashland Global Speciality Chemicals
Delo Industrial Adhesives
Huntsman International LLC
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
7.1.1 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
9.2 Distribution Channel
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
15 Distribution Channel
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
16.1 Market Snapshot & Growth Engine
16.3 Market Overview
16.4 Building & Construction
16.5 Automotive & Transportation
16.8 Electrical & Electronics
16.9 Wind Energy
17.1 Market Snapshot & Growth Engine
17.2 Geographic Overview
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/
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