Press release
Epoxy Adhesives Market Size, Share, Product Demand And Market Size By 2024 - 2033
Epoxy Adhesives Market
The Business Research Company presents an extensive market research report on the "Epoxy Adhesives Global Market Report 2024," furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Epoxy Adhesives industry. This report on Epoxy Adhesives market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The epoxy adhesives market size has grown strongly in recent years. It will grow from $8.35 billion in 2023 to $8.87 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to industrial and construction growth, repair and maintenance needs, consumer electronics demand, automotive lightweighting, smart manufacturing.The epoxy adhesives market size is expected to see strong growth in the next few years. It will grow to $11.27 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.
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Key Market Players:
3M Company, Ashland Inc., Bostik SA, H B Fuller Company, Henkel AG
Market Drivers:
According to the Epoxy Adhesives Market Report 2024 by The Business Research Company, The rising urbanization is expected to propel the growth of the epoxy adhesive market going forward. Urbanization is the process of more people moving into urban areas. Urbanization results in an increase in the population of cities and the size of urban regions are mostly caused by people moving from rural to urban areas. The rise in urbanization will lead to the growth of epoxy adhesives which are used in building and construction, automotive and transportation, marine, electrical, and electronics industries. For instance, according to The World Bank, a US-based international financial institution that provides loans and grants to the governments of low- and middle-income countries to pursue capital projects, in 2022 more than 50% of the world's population reside in cities. The number of people living in cities would be more than double to 6 billion by 2045. Therefore, the rising urbanization in the epoxy adhesive is expected to drive the growth of the epoxy adhesive market.
More information about the Global Epoxy Adhesives Market Report -
https://www.thebusinessresearchcompany.com/report/epoxy-adhesives-global-market-report
Market segments for Epoxy Adhesives include:
1) By Type: One Component, Two Component, Other Types
2) By Distribution Channel: Online, Offline
3) By End User: Building and Construction, Transportation, Marine, Automotive, Wind Energy, Electrical and Electronics, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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Browse More Reports:
Solvent-Based Adhesives Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/solventbased-adhesives-global-market-report
Reactive & Other Adhesives Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/reactive-and-other-adhesives-global-market-report
Plastic Adhesives Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/plastic-adhesives-global-market-report
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