Market Size of American Epoxy Adhesives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.00 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
American Epoxy Adhesives Market Analysis
The American Epoxy Adhesives market is expected to grow at with a CAGR greater than 5% during the forecast period. One of the major factors driving the market is the rising demand for epoxy adhesives in the residential housing market and infrastructure market. However, stringent environmental regulations over VOC emissions is hindering the market studied.
- North America accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
- Among the end-user industries, construction is likely to dominate the market studied during the forecast period.
- Increasing applications and rising awareness for structural adhesives is expected to provide a major growth opportunity for the market studied during the forecast period.
American Epoxy Adhesives Industry Segmentation
The American Epoxy Adhesive Market report includes:
Product Type | |
One-component | |
Two-component |
End-user Industry | |
Aerospace & Defense | |
Automotive | |
Marine | |
Electrical & Electronics | |
Construction | |
Energy & Power | |
Other End-user Industries |
Geography | ||||||
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American Epoxy Adhesives Market Size Summary
The American Epoxy Adhesives market is poised for significant growth, driven primarily by increasing demand in the residential housing and infrastructure sectors. Despite challenges posed by stringent environmental regulations concerning VOC emissions, the market is expected to expand, with North America leading the charge. The construction industry is anticipated to be the dominant end-user, leveraging epoxy adhesives for various applications such as concrete repair, anchoring, and enhancing the strength of wooden surfaces. These adhesives are also crucial in bonding steel and reinforcing structures like beams and columns, as well as in public infrastructure projects like bridges and sewage systems. The growing awareness and application of structural adhesives present substantial growth opportunities for the market.
North America holds the largest market share, with the United States and Canada contributing significantly to this dominance. The region's growth is fueled by the burgeoning electrical and electronics industry, alongside a rise in residential and non-residential construction driven by private investments. This trend is expected to bolster the demand for epoxy adhesives across various applications. The market is moderately fragmented, with key players such as 3M, Arkema Group, H.B. Fuller Group, Henkel AG & Co. KGaA, and Sika AG playing pivotal roles in shaping the competitive landscape. As these factors converge, North America is likely to maintain its leading position in the epoxy adhesives market throughout the forecast period.
American Epoxy Adhesives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand for Miniaturized and Lightweight electronics
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1.1.2 Other Drivers
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1.2 Restraints
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1.3 Industry Value-chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 One-component
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2.1.2 Two-component
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2.2 End-user Industry
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2.2.1 Aerospace & Defense
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2.2.2 Automotive
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2.2.3 Marine
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2.2.4 Electrical & Electronics
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2.2.5 Construction
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2.2.6 Energy & Power
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2.2.7 Other End-user Industries
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 South America
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2.3.2.1 Brazil
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2.3.2.2 Argentina
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2.3.2.3 Chile
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2.3.2.4 Rest of South America
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American Epoxy Adhesives Market Size FAQs
What is the current American Epoxy Adhesives Market size?
The American Epoxy Adhesives Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in American Epoxy Adhesives Market?
3M, Arkema Group, H.B.Fuller Company, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the American Epoxy Adhesives Market.