Epoxy Adhesives Market is Expected to Grow at a CAGR of 8.50% by the End of 2023

Global industry analysis

The Epoxy Adhesives Market is expected to experience strong growth in the coming years. This market is projected to grow at a Compound Annual Growth Rate (CAGR) of 8.50% between 2021 and 2023. Epoxy adhesives are materials used for joining components made from different materials, such as metal, wood, and many more.

Epoxy adhesives are strong adhesives that are widely used in a variety of industries. This adhesive is made from an epoxy resin that is composed of a bisphenol-A substance. Epoxy adhesives can be used to bond a variety of substrates including glass, stone, metal, plastic and wood. Epoxy adhesives require time to cure or cure after application.

Heat, UV light or room temperature can be used for this. In the manufacture of fiber optics and optoelectronics, epoxy adhesives are used that cure when exposed to ultraviolet light. Epoxy adhesives are the most widely used structural adhesives due to their excellent bonding properties.

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Epoxy adhesives are used extensively in the aerospace, automotive, construction, and semiconductor industries. Among these industries, the aerospace and semiconductor industries are two of the largest users of epoxy adhesives. The growth in the aerospace industry is a key factor behind the growth of the epoxy adhesives market. Airplane sheets are attached with epoxy glue. The excellent mechanical properties of epoxy adhesives, such as B. Creep resistance under constant load, temperature changes and pressure make it the adhesive of choice in the aerospace industry.

In the semiconductor industry, epoxy adhesives are used to manufacture printed circuit boards, integrated circuits and transistors. The semiconductor industry is growing exponentially due to the increasing use of electronic devices. It drives the market for epoxy adhesives. However, toxic fumes are released when applying epoxy adhesives, so protective gear must be worn when applying. Technological advances that make adhesives safer for humans during application are expected to open new opportunities for the epoxy adhesives market.

There are numerous small, medium and large players in this market, serving many markets and producing a variety of Epoxy Adhesives. For example, Henkel produces electrically conductive adhesives. Major players in this market include Henkel, Permabond, The Gorilla Glue Company, 3M, Ardex, MG Chemicals, MAPEI, 5M, Epotek, Powerblanket, Masterbond and others.

Regional Area

China, Germany, the US and the UK are the largest consumers of epoxy adhesives. The aerospace and semiconductor industries in these countries are the largest markets for epoxy adhesives. The growth of this market can also be seen in other Asia-Pacific countries.

Korea and Japan are major producers of epoxy resins. The epoxy adhesives market is anticipated to rise at a considerable rate in Asia and Europe during the forecast period. Latin America shows continued demand for epoxy adhesives for the construction industry.

The application of epoxy adhesives requires the substrate to be pre-treated to ensure good adhesion. There are two main types of epoxy adhesives: one-part thermoset epoxies and two-part room temperature cure epoxies. One part epoxy is used as an alternative to welding and riveting and has excellent adhesion to metal.

These epoxy adhesives must be refrigerated to ensure adequate shelf life. They find application in the aerospace industry for joining large surfaces and assembling aircraft fairings and rotor blades.

Two-part epoxies cure at room temperature and can take days to weeks to set. This adhesive can be used on all types of substrates including rubber, wood, plastic, glass and ceramics. The epoxy adhesives market is segmented globally.

Key Players

There are numerous small, medium and large players in this market, serving many markets and producing a variety of Epoxy Adhesives. For example, Henkel produces electrically conductive adhesives. Major players in this market include Henkel, Permabond, The Gorilla Glue Company, 3M, Ardex, MG Chemicals, MAPEI, 5M, Epotek, Powerblanket, Masterbond and others.

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The main regions assessed in this report are:

• North America
• US
• Europe
• France, Germany, Italy, Spain, Great Britain
• Eastern Europe
• APAC
• Japan
• Australia
• American Latina
• Argentina
• Brazil
• Others

Main features of this report

• Drivers, restraints and challenges shaping the dynamics of the Epoxy Adhesives Market
• Latest innovations and major events in the industry
• Analysis of trading strategies of top players.
• Epoxy Adhesives Market Estimates and Forecasts (2015-2021)

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