Epoxy Adhesives Market Scope
Epoxy Adhesives Market research report 2023 delivers a complete overview of crucial factors like drivers, limitations, major and current trends, specialized development, and unborn growth. Research report contains company analysis, size, share, profit and deals of the company, current advancements. Epoxy Adhesives request analysis also focuses on the global crucial top assiduity players in the request, with details similar as company biographies, capacity, product, price, cost, profit. Epoxy Adhesives Market report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. This report contains 274 pages. The epoxy adhesives market witnessed high growth due to huge demand from emerging applications, such as construction, automotive, and aerospace. The market exhibits high growth potential and is projected to reach a market size of USD 11.7 billion by 2027, at a CAGR of 5.0% between 2022 and 2027.
Asia Pacific dominated the epoxy adhesives market, followed by Europe and North America. The region is projected to register the highest CAGR, in terms of value, during the forecast period. This growth is mainly due to an increase in the purchasing power of the large population, rising income levels, and higher growth prospects in the renewable energy, automotive, and transportation industries, which encourage multinational companies to make higher investments in this region.
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Global Epoxy Adhesives Market: Segment Analysis
The research report includes specific segments by region (country), by Type, End-Use Industry. Each type provides information about the production during the forecast period of 2022 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
By Type:
- One-component
- Two-component
- Others
Two-component, type segment likely to hold largest share of the epoxy adhesives market during the forecasted period.
Two-component epoxy adhesives are more flexible than one-component epoxy adhesives. These adhesives include unique versatility in application and performance. These adhesives consist of a resin and a hardener, formulated to offer mechanical, thermal, optical, and electrical properties. They are generally cured under ambient conditions or moderately elevated temperatures. They are also known as room temperature curing epoxy adhesives.
By End-use Industry:
- Building Construction
- Transportation
- Marine
- Automotive
- Wind Energy
- Electrical Electronics
- Others
Wind energy industry, end-use industry segment hold the fastest growing segment in overall epoxy adhesives market during forecast period.
The epoxy adhesives market in the wind energy industry is projected to witness the fastest growth during the forecast period. The industry involves continuous improvements in the structure of the blades and the other components. There are developments going on for making wind blades lighter and taller. Epoxy adhesives are the best solution for adhesion of blade parts and are dominantly used in the preparation of the wind turbine blade.
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Building construction industry, end-use industry segment accounted the largest share of the global epoxy adhesives market during forecasted period.
The building construction segment accounts for the largest share of the overall epoxy adhesives market. Epoxy adhesives provide impressively strong bonds. The post-cured characteristics of epoxy adhesives show excellent resistance to high temperatures and minimal shrinkage. These adhesives also have easy application, good chemical resistance, excellent adhesion, and good mechanical properties when applied to well-prepared substrates.
By Region:
- Asia Pacific
- Europe
- North America
- Middle East Africa
- South America
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed based on how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pinpoint analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
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