Epoxy Adhesives Market: Soaring from $8.35 Billion to $11.27 Billion by 2028, Fueled by Urbanization and Construction Industry Boom

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The epoxy adhesives market has demonstrated robust growth, escalating from $8.35 billion in 2023 to an estimated $8.87 billion in 2024, reflecting a commendable Compound Annual Growth Rate (CAGR) of 6.3%. The epoxy adhesives market is poised for continued growth, with a projected ascent to $11.27 billion by 2028, underpinned by a steady CAGR of 6.2%.

Driving Factors:

Urbanization Catalyst:
The ongoing trend of urbanization is anticipated to be a pivotal driver for the epoxy adhesive market in the foreseeable future. Urbanization involves the migration of individuals from rural to urban areas, contributing to the growth of cities. This global shift, highlighted by The World Bank, indicates that over 50% of the world's population resided in cities in 2022. Projections suggest that this urban population will more than double, reaching 6 billion by 2045. Such urbanization trends are anticipated to spur demand for epoxy adhesives, integral in various industries including building and construction, automotive, marine, electrical, and electronics.

Construction Industry Surge:
The burgeoning construction industry is poised to be a significant impetus for the epoxy adhesive market. Epoxy adhesives play a crucial role in construction, offering robust bonding solutions that support structural integrity and concrete repair. Notably, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported a surge in privately owned housing units authorized by building permits, reaching a seasonally adjusted annual pace of 1,543,000 in August 2023. This growth trend in construction activities, marked by a 6.9% increase from the previous month, contributes substantially to the demand for epoxy adhesives.

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Key Market Players:
Major companies shaping the epoxy adhesives market landscape include 3M Company, Ashland Inc., H.B. Fuller Company, Henkel AG, Sika AG, and others. These industry leaders contribute significantly to advancements and innovations in the sector.

Innovations & Trends:

Technological Advancements:
Technological innovation emerges as a prominent trend, with key market players focusing on the development of advanced products and services. Toyo-Morton Ltd., a Japan-based manufacturer, exemplifies this trend with the launch of a laminating adhesives portfolio in June 2022. This portfolio features food-safe products, free of epoxy silanes and organic tin compounds, catering to diverse applications in multilayer flexible packaging.

Fire-Retardant Solutions for Competitiveness:
Epoxy adhesive manufacturers are increasingly prioritizing the development of robust and fire-retardant adhesives for enhanced market competitiveness. Permabond's TA4230, a 2-part, toughened acrylic adhesive with a 1:1 mix ratio, stands out as an innovative and fire-retardant solution, offering high-strength performance. This reflects the industry's commitment to providing not only durable but also safety-conscious adhesives.

Global Landscape:
In 2023, Asia-Pacific claimed the largest share in the epoxy adhesives market, with expectations that it will continue to be the fastest-growing region during the forecast period. The comprehensive market coverage spans Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Segmentation Insights:
The epoxy adhesives market covered in this report is segmented -
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

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Epoxy Adhesives Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Epoxy Adhesives Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on epoxy adhesives market size, epoxy adhesives market drivers and trends, epoxy adhesives market major players, epoxy adhesives market competitors' revenues, epoxy adhesives market positioning, and epoxy adhesives market growth across geographies. The epoxy adhesives market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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