Global Epoxy Adhesives Market- Market Overview:

The global epoxy adhesives market is expected to grow from USD 9.2 billion in 2022 to USD 13.69 billion by 2030, at a CAGR of 5.1% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the rising demand for lightweight automobiles.

A copolymer is created by combining resin and hardeners. In addition to excellent adhesion and water resistance, the product is also mechanically and electrically insulated, heat resistant, etc. Epoxy adhesives are rigid glues with high strength and load resistance and are formed by mixing resins and hardeners. Since epoxy adhesives are lightweight and produce little carbon emissions, they are widely used to make aircraft, which are the factors that determine the strategic growth of the epoxy adhesives market in the Projected period. The epoxy glue that is used to laminate fiberglass with plywood is a kind of adhesive that is consistently used in airplane and automobile manufacturing, among a number of other uses. Moreover, epoxy glue may also be used as a subsequent adhesive to strengthen timber glue. Epoxy adhesives enhance the wear and tear of the structure, as well as its sturdiness and toughness. Epoxy adhesives are an excellent alternative to paint for countertops and other commonly moist wood surfaces. There is an increase in private and public infrastructure investments, which will enhance the building & construction industry in many countries, which will boost market growth. As epoxy adhesives can be used to stick sensors and cables, they are widely used in the manufacturing of electronics and electrical equipment. In the Projection period, the global electronics and household appliances industries are Projection to grow at a high CAGR, resulting in an increase in epoxy adhesive demand

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Market Dynamics:

Drivers:                          

• Rising demand among the end-user industries

As epoxy adhesives gain popularity in the end-use industry due to their lightweight feature and accelerated demand, the market is on the verge of a vertical growth chart. Market expansion is influenced directly by the germination of composites and suburban residential development and infrastructure demands. The epoxy adhesive market is experiencing phenomenal growth due to the rising penetration of unconventional energy sources, such as wind, and its eco-friendly properties.

Restraints:                                             

• Stringent government regulations

Several factors are limiting market growth, including strict environmental regulations in North America and Europe, as well as epoxy adhesive characteristics. Additionally, limited opportunities in developed countries and changing regulatory policies and standards are potential restraints affecting the global epoxy adhesives market's growth.

Opportunities:

• Rising demand for lightweight automobiles

Automotive manufacturers are among the biggest users of epoxy adhesives. Adhesives enhance the aesthetics and performance of automobiles. As a result of weight reduction, vehicles are more fuel efficient and emit fewer pollutants. In today's world, modern adhesives play an integral role in aiding original equipment manufacturers in their efforts to reduce automobile weight and comply with strict environmental regulations by minimizing carbon emissions.

Challenges:

• Less construction in developed countries

It is common for developed countries, such as Germany, the United States, and other Western European nations, to have a well-developed infrastructure for both commercial and public sectors. Because civil structures are built to last a lifetime in developed countries, construction activities in these countries are limited, which is hampering market growth.

Segmentation Analysis:

The global epoxy adhesives market has been segmented based on type, end-user, and region.

By Type

The type segment includes one-component epoxy adhesives, two-component epoxy adhesives and others. The one-component epoxy adhesives segment led the largest share of the epoxy adhesives market with a market share of around 45% in 2022. The market is expected to grow the fastest during the Projection period for one-component epoxy adhesives. As compared to two-component epoxy adhesives, one-component adhesives are more effective and easier to control due to their solvent-free, user-friendly features, and quick curing time.

By End-User

The end-user segment includes wind energy, marine, electrical & electronics, automotive, and others. The wind-energy segment led the largest share of the epoxy adhesives market with a market share of around 27% in 2022. Over the Projection period, wind energy is expected to grow at the fastest rate. The blades are being designed to be lighter and taller through a continuous development process. Wind energy is growing because of continuous developments in the structure of blades and other turbine components. Turbine blades are primarily manufactured using epoxy adhesives, which are the most effective adhesive for glueing blade parts together.

Global Epoxy Adhesives Market- Sales Analysis.

The sale of epoxy adhesives expanded at a CAGR of 4.9% from 2016 to 2022.

Due to epoxy adhesives' lightweight properties and accelerating demand from the end-use industry, the market's success chart is growing vertically. The growth of epoxy adhesives is directly proportional to the demand for composites, suburban housing, and infrastructure.

During the Projection period, epoxy resin-based adhesives will be more widely used in the healthcare industry to assemble and bond medical device parts, which is due to the increase in healthcare investment worldwide.

There are promising growth opportunities in emerging markets as a result of new technological advancements, growing demand for green, sustainable, and non-hazardous adhesives, and innovations in adhesives that are non-hazardous, environment-friendly, and sustainable.

Thus, owing to the aforementioned factors, the global epoxy adhesives market is expected to grow at a CAGR of 5.1% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the epoxy adhesives market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Asia Pacific region dominated the epoxy adhesives market and held a 37.8% share of the market revenue in 2022.

• The Asia Pacific region witnessed a major share. During the Projection period, Asia-Pacific is predicted to grow at the fastest rate for epoxy adhesives. As the market grows, various end-use industries are driving it, including building & construction, transportation, wind energy, automotive, and others, out of which building & construction is leading the region's growing demand for epoxy adhesives. Government and private sector investments in infrastructure development are increasing, and this will result in an improvement in the building & construction industry in countries such as India and China, which will drive epoxy adhesive demand in the region.
• Europe is anticipated to experience significant growth during the predicted period. Europe is the fastest-growing country in 2020 in the epoxy adhesives market, focusing on reducing CO2 emissions by implementing Euro 6d emission standards in 2020, which will create a strong demand for lightweight materials. As lightweight materials are emphasized in the automotive industry in Europe, adhesive demand is predicted to grow over the Projectioned period.

Global Epoxy Adhesives Market - Country Analysis:

• Germany

Germany's epoxy adhesives market size was valued at USD 0.81 billion in 2022 and is expected to reach USD 1.22 billion by 2030, at a CAGR of 5.3% from 2023 to 2030.

Due to the strong presence of manufacturers in the country's automotive, joinery, and construction industries, Germany held the largest share of the European market. New research has recently discovered that soybean oil can be used to make green epoxy adhesives. As a consequence of their sustainability properties, these adhesives may see increased adoption in the coming years, leading to an upward trend in their demand.

• China

China’s epoxy adhesives market size was valued at USD 0.90 billion in 2022 and is expected to reach USD 1.39 billion by 2030, at a CAGR of 5.6% from 2023 to 2030.

Because of the widespread presence of end-use industries, China accounts for a significant share of the epoxy adhesives market. In 2020, China accounted for 32.5% of global vehicle production. Due to the pandemic, global vehicle production decreased by 16% from 2019 to 2020. However, China's vehicle production declined by just 2%. This is a positive sign for the Chinese market and its future growth.

• India

India's epoxy adhesives market size was valued at USD 0.69 billion in 2022 and is expected to reach USD 1.05 billion by 2030, at a CAGR of 5.5% from 2023 to 2030.

There will be an increase in demand in the healthcare industry over the Projection period as more investment is made in healthcare around the globe. Epoxy resin-based adhesives are used in applications like assembly and bonding medical devices.

Key Industry Players Analysis:  

To increase their market position in the global epoxy adhesives market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

• LORD Corporation
• B. Fuller Co.
• The Dow Chemical Company
• 3M Company
• Pidilite Industries Ltd.
• Sika A.G.
• Huntsman International LLC
• Henkel AG & Co. KGaA
• Ashland Global Holdings Inc.
• Bostik
• Mapei S.P.A
• Parker Hannifin Corp.

Latest Development:

• In November 2020, A new manufacturing facility was commissioned in Dubai as Sika AG expanded its production capacity in the U.A.E.
• In July 2022, Kosi, Mathura, has become Mapei's third manufacturing facility to meet the demand from Northern India.

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	5.1%
Market Size	9.2 billion in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Type, By End-User, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	LORD Corporation, H.B. Fuller Co., The Dow Chemical Company, 3M Company, Pidilite Industries Ltd., Sika A.G., Huntsman International LLC, Henkel AG & Co. KGaA, Ashland Global Holdings Inc., Bostik, Mapei S.P.A, and Parker Hannifin Corp.
By Type	One-Component Epoxy Adhesives Two-Component Epoxy Adhesives Others
By End-User	Wind-Energy Marine Electrical & Electronics Automotive Others
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Epoxy Adhesives Market by Type:

• One-Component Epoxy Adhesives
• Two-Component Epoxy Adhesives
• Others

Global Epoxy Adhesives Market by End-User:

• Wind-Energy
• Marine
• Electrical & Electronics
• Automotive
• Others

Global Epoxy Adhesives Market by Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- The epoxy adhesives market should carefully study the criticisms made by pressure groups, social and environmental activists, and labor unions because they are essential to the creation of legislation. The epoxy adhesives market's capacity for community participation and the achievement of long-term commercial goals may be improved through close collaboration with these organizations. A strong governance framework and a democratic political environment also enhance the business environment for multinational firms, such as those in the epoxy adhesives market.

Economic Factors- A country's economic development has a direct impact on organizational performance. The market for epoxy adhesives has many opportunities to grow as a result of developing economies. In a similar vein, understanding the stage of the industrial lifecycle is crucial. Entry into mature industries may be more challenging than entry into enterprises in the growth stage due to market saturation. Additionally, the financial viability of the market for epoxy adhesives is influenced by how much money the government of the host nation spends on the development of essential infrastructure. A developed infrastructure makes it easier to conduct business, which also increases the possibility for the gold sector in that country to thrive.

Social Factors- Managers of international marketing consider culture to be a crucial factor. Every culture has its own norms and values, which play a key role in dictating how individuals behave as consumers. In order to create marketing strategies that are suited to the local environment, the market for epoxy adhesives has to form partnerships and teams with local organizations. The study of socioeconomic class stratification is valued by the market for epoxy adhesives. In order to offer luxury goods at premium prices to a market where the high-end market is relatively small, the market for epoxy adhesives will need to adopt specialized marketing strategies. In regions with little social class stratification, market segmentation based on social class may also be unsuccessful.

Technological Factors- The development of information and communication technologies has made it easier to deploy cutting-edge marketing techniques to enhance consumer collaboration. In the current business environment, social media use has grown significantly. The advantages of social media marketing can be used to improve organizational performance in the market for epoxy adhesives. Technology advancements can be used to launch original social media campaigns for creating online brand communities. The industry for epoxy adhesives must carefully examine recent technological advances to stay ahead of the competition. It's essential to keep an eye on the 5G's potential to boost productivity by enhancing user experience, speed, and access.

Environmental Factors-  More people are choosing to use green or eco-friendly products. The market for epoxy adhesives can take advantage of the opportunity and apply green business practices to win over stakeholders. Due to regulatory organisations' emphasis on assuring compatibility with environmental requirements, priorities for product innovation are changing. The market for epoxy adhesives has to prioritize emphasizing the environmental friendliness of its goods over more conventional value claims. If the market for epoxy adhesives regularly depletes resources, it can come under fire from the public, customers, environmental groups, and the media.

Legal Factors- Data protection has become a critical problem due to consumers worries about their privacy and security. epoxy adhesives must investigate data protection regulations in order to protect consumer data. Laws are also in place to control costs, ensure a certain standard of quality, and protect consumers from misleading advertising claims. Certain factors must be taken into consideration for epoxy adhesives to comply with consumer protection laws. Intellectual property laws are designed to protect the valuable ideas and patents that businesses possess. epoxy adhesives' position in relation to other market participants could be harmed if it loses its competitive edge owing to a failure to uphold intellectual property rights.

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Type
     • 3.2. Market Attractiveness Analysis By End-User
     • 3.3. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Rising demand among the end-user industries
   • 3. Restraints
     • 3.1. Stringent government regulations
   • 4. Opportunities
     • 4.1. Rising demand for lightweight automobiles
   • 5. Challenges
     • 5.1. Less construction in developed countries

6. Global Epoxy Adhesives Market Analysis and Projection, By Type
   • 1. Segment Overview
   • 2. One-Component Epoxy Adhesives
   • 3. Two-Component Epoxy Adhesives
   • 4. Others
7. Global Epoxy Adhesives Market Analysis and Projection, By End-User
   • 1. Segment Overview
   • 2. Wind-Energy
   • 3. Marine
   • 4. Electrical & Electronics
   • 5. Automotive
   • 6. Others
8. Global Epoxy Adhesives Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

9. Global Epoxy Adhesives Market-Competitive Landscape
   • 1. Overview
   • 2. Market Share of Key Players in the Epoxy Adhesives Market
     • 2.1. Global Company Market Share
     • 2.2. North America Company Market Share
     • 2.3. Europe Company Market Share
     • 2.4. APAC Company Market Share
   • 3. Competitive Situations and Trends
     • 3.1. Technology Launches and Developments
     • 3.2. Partnerships, Collaborations, and Agreements
     • 3.3. Mergers & Acquisitions
     • 3.4. Expansions

10. Company Profiles
    • LORD Corporation
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • B. Fuller Co.
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • The Dow Chemical Company
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • 3M Company
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Pidilite Industries Ltd.
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Sika A.G.
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • Huntsman International LLC
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • Henkel AG & Co. KGaA
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Ashland Global Holdings Inc.
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Technology Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis
    • Bostik
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Mapei S.P.A
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Parker Hannifin Corp.
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis

List of Table

1. Global Epoxy Adhesives Market, By Type, 2023–2030 (USD Billion)
2. Global One-Component Epoxy Adhesives, Epoxy Adhesives Market, By Region, 2023–2030 (USD Billion)
3. Global Two-Component Epoxy Adhesives, Epoxy Adhesives Market, By Region, 2023–2030 (USD Billion)
4. Global Others, Epoxy Adhesives Market, By Region, 2023–2030 (USD Billion)
5. Global Epoxy Adhesives Market, By End-User, 2023–2030 (USD Billion)
6. Global Wind-Energy, Epoxy Adhesives Market, By Region, 2023–2030 (USD Billion)
7. Global Marine, Epoxy Adhesives Market, By Region, 2023–2030 (USD Billion)
8. Global Electrical & Electronics, Epoxy Adhesives Market, By Region, 2023–2030 (USD Billion)
9. Global Automotive, Epoxy Adhesives Market, By Region, 2023–2030 (USD Billion)
10. Global Others, Epoxy Adhesives Market, By Region, 2023–2030 (USD Billion)
11. Global Epoxy Adhesives Market, By Region, 2023–2030 (USD Billion)
12. North America Epoxy Adhesives Market, By Type, 2023–2030 (USD Billion)
13. North America Epoxy Adhesives Market, By End-User, 2023–2030 (USD Billion)
14. USA Epoxy Adhesives Market, By Type, 2023–2030 (USD Billion)
15. USA Epoxy Adhesives Market, By End-User, 2023–2030 (USD Billion)
16. Canada Epoxy Adhesives Market, By Type, 2023–2030 (USD Billion)
17. Canada Epoxy Adhesives Market, By End-User, 2023–2030 (USD Billion)
18. Mexico Epoxy Adhesives Market, By Type, 2023–2030 (USD Billion)
19. Mexico Epoxy Adhesives Market, By End-User, 2023–2030 (USD Billion)
20. Europe Epoxy Adhesives Market, By Type, 2023–2030 (USD Billion)
21. Europe Epoxy Adhesives Market, By End-User, 2023–2030 (USD Billion)
22. Germany Epoxy Adhesives Market, By Type, 2023–2030 (USD Billion)
23. Germany Epoxy Adhesives Market, By End-User, 2023–2030 (USD Billion)
24. France Epoxy Adhesives Market, By Type, 2023–2030 (USD Billion)
25. France Epoxy Adhesives Market, By End-User, 2023–2030 (USD Billion)
26. UK Epoxy Adhesives Market, By Type, 2023–2030 (USD Billion)
27. UK Epoxy Adhesives Market, By End-User, 2023–2030 (USD Billion)
28. Italy Epoxy Adhesives Market, By Type, 2023–2030 (USD Billion)
29. Italy Epoxy Adhesives Market, By End-User, 2023–2030 (USD Billion)
30. Spain Epoxy Adhesives Market, By Type, 2023–2030 (USD Billion)
31. Spain Epoxy Adhesives Market, By End-User, 2023–2030 (USD Billion)
32. Asia Pacific Epoxy Adhesives Market, By Type, 2023–2030 (USD Billion)
33. Asia Pacific Epoxy Adhesives Market, By End-User, 2023–2030 (USD Billion)
34. Japan Epoxy Adhesives Market, By Type, 2023–2030 (USD Billion)
35. Japan Epoxy Adhesives Market, By End-User, 2023–2030 (USD Billion)
36. China Epoxy Adhesives Market, By Type, 2023–2030 (USD Billion)
37. China Epoxy Adhesives Market, By End-User, 2023–2030 (USD Billion)
38. India Epoxy Adhesives Market, By Type, 2023–2030 (USD Billion)
39. India Epoxy Adhesives Market, By End-User, 2023–2030 (USD Billion)
40. South America Epoxy Adhesives Market, By Type, 2023–2030 (USD Billion)
41. South America Epoxy Adhesives Market, By End-User, 2023–2030 (USD Billion)
42. Brazil Epoxy Adhesives Market, By Type, 2023–2030 (USD Billion)
43. Brazil Epoxy Adhesives Market, By End-User, 2023–2030 (USD Billion)
44. Middle East and Africa Epoxy Adhesives Market, By Type, 2023–2030 (USD Billion)
45. Middle East and Africa Epoxy Adhesives Market, By End-User, 2023–2030 (USD Billion)
46. UAE Epoxy Adhesives Market, By Type, 2023–2030 (USD Billion)
47. UAE Epoxy Adhesives Market, By End-User, 2023–2030 (USD Billion)
48. South Africa Epoxy Adhesives Market, By Type, 2023–2030 (USD Billion)
49. South Africa Epoxy Adhesives Market, By End-User, 2023–2030 (USD Billion)

List of Figures 

1. Global Epoxy Adhesives Market Segmentation
2. Epoxy Adhesives Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Epoxy Adhesives Market Attractiveness Analysis By Type
9. Global Epoxy Adhesives Market Attractiveness Analysis By End-User
10. Global Epoxy Adhesives Market Attractiveness Analysis By Region
11. Global Epoxy Adhesives Market: Dynamics
12. Global Epoxy Adhesives Market Share By Type (2023 & 2030)
13. Global Epoxy Adhesives Market Share By End-User (2023 & 2030)
14. Global Epoxy Adhesives Market Share by Regions (2023 & 2030)
15. Global Epoxy Adhesives Market Share by Company (2021)