Global Epoxy Adhesive Market Segments Analysis, Future Opportunity, Geographical Regions, Key Manufacturers and Industry Forecast to 2030

Epoxy is a thermosetting adhesive. It is produced by polymerizing the mixture of two starting compounds, resin ad hardener. After mixing resin with a specified catalyst, curing starts. The curing involves the reaction of molecular chains at chemically active sites, which causes an exothermic reaction. The covalent bonds between resin's epoxide groups and catalyst's amine groups produced by the combination allow cross-linkage of polymer, and hence dictate the strength and rigidity of the epoxy.

The electrical, chemical, and thermal resistance of the epoxy adhesives can be altered by monitoring curing conditions by choice of resins, hardener compounds, and temperature. Therefore, epoxy adhesives are developed for a wide range of applications and operating conditions. These adhesives adhere to a range of materials and their properties that rely on the specific chemistry of the system and cross-linking nature. Epoxy adhesives can tolerate extreme weather conditions and stress. It joins a wide range of surfaces together with a permanent, strong, and robust bond.

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The two components of epoxy adhesives are required to mix, as the components react with one another, resulting in curing. The two-component epoxy resin adhesives are widely used for industrial applications. To use these epoxy adhesives, the resin and catalyst must be mixed. One of the major benefits of these adhesives is that they adhere to nearly any surface such as ceramics, plastics, metals, wood, and numerous types of rubber. They also bear chemical and physical resistance.

The one component epoxy resin adhesives do not require mixing, and hence it is easy to use. It offers paste-like consistency, and therefore it is ideal for bead extrusion or trowel application. They are also utilized as heat curing film adhesives, and therefore best suited for bonding and laminating applications.

In 2021, the epoxy adhesive market contributes $8,217.9 million, and it is projected to reach $13,483.9 million in 2030, advancing at a rate of 5.7% in the near future. It is attributed to the rising demand for adhesives for various industrial activities such as automotive, plastic, woodwork, manufacturing, and marine industries.

The growing environmental concerns lead to increased focus of manufacturers to replace chemical-based adhesives with bio-based adhesives. Companies are working on developing advanced technologies for bio-based products to improve sustainability efforts without affecting performance. For instance, The Dow Chemical Company developed RENUVA technology for sealants and adhesives that provide numerous benefits to adhesive applications such as high flexibility, improved adhesion, and water resistance.

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Companies are establishing their facilities in various parts of the world, along with expanding production capacities to cater to the requirement. For instance, Sika AG increased its production capacity by commissioning a new manufacturing facility in Dubai in November 2020. Similarly, Henkel AG & Co. KGaA established a new adhesive production facility in Maharashtra, India in February 2020.

Under the end user segment, the building & construction sector holds the largest revenue share of the epoxy adhesive industry, amounting to $2.3 billion revenue in 2021. It is ascribed to the versatility of adhesives in building and construction applications. These adhesives are utilized for surface repairing, laminating, and filling gaps, as well as they are effective on cellular PVC, plywood, wood, metal, water-resistant tile, ceramics & porcelain, gypsum & drywall, fiberglass, and bricks.

Therefore, the industrial applications of the epoxy adhesives, led by their strong and rigid bond leads to their huge demand and hence drive sales.

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