Epoxy Adhesive Market Size
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 6.15 Billion |
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Market Size (2028) | USD 7.74 Billion |
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Largest Share by End User Industry | Automotive |
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CAGR (2024 - 2028) | 5.95 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Epoxy Adhesive Market Analysis
The Epoxy Adhesive Market size is estimated at 6.15 billion USD in 2024, and is expected to reach 7.74 billion USD by 2028, growing at a CAGR of 5.95% during the forecast period (2024-2028).
6.15 Billion
Market Size in 2024 (USD)
7.74 Billion
Market Size in 2028 (USD)
4.89 %
CAGR (2017-2023)
5.95 %
CAGR (2024-2028)
Largest Market by End-user Industry
24.05 %
value share, Automotive, 2023
Automotive is the dominant end-user industry owing to the wide range of adhesive applications for structural bonding and assembly operations.
Largest Market by Technology
57.96 %
value share, Reactive, 2023
Reactive is the largest technology type in the market owing to its wide range of applications across major end-user industries, including automotive, woodworking & joinery, and building & construction.
Largest Market by Region
41.95 %
value share, Asia-Pacific, 2023
Asia-Pacific, mainly driven by India, China, South Korea, and Japan, is a major consumer of epoxy adhesive owing to its usage in several end-user segments.
Fastest Growing Market by Region
6.31 %
Projected CAGR, Asia-Pacific, 2024-2028
Due to the increasing population and rapid urbanization in countries such as China, India, South Korea, and Japan, the Asia-Pacific region is projected to be the fastest-growing regional segment during the forecast period.
Leading Market Player
22.69 %
market share, Henkel AG & Co. KGaA, 2021
Henkel is the leading epoxy adhesives manufacturer globally. This can be attributed to the popularity of its products in wide-ranging industries, including building & construction, automotive, aerospace, and woodworking.
Increasing healthcare investments to drive the demand for epoxy resin-based adhesives
- Epoxy resin-based adhesives are widely used in the construction industry because of their applications, such as for flooring, roofing, wooden components joinery, etc. The construction industry globally is expected to grow at 3.5% per annum up to 2030. China, India, the United States, and Indonesia are expected to account for 58.3% of the overall construction growth globally. As a result, construction adhesives account for a nearly 18% share of the global epoxy adhesive market share by value.
- Epoxy resin-based adhesives are widely used in the automotive industry because of their applicability to surfaces such as glass, metal, plastic, painted surfaces, etc., and their features are helpful in the automotive industry, such as for strong bonding, durability, and long-lasting. These products are used in engines and car gaskets. The electric vehicles segment of the automotive industry is expected to record a CAGR of 17.75% globally in the forecast period because of the increased demand for the same in growing economies. This is expected to increase the demand for automotive epoxy adhesives in the forecast period.
- Epoxy adhesives are widely used for electronics and electrical equipment manufacturing as they can be used for sticking sensors and cables. The global electronics and household appliances industries are expected to record CAGRs of 2.51% and 5.77%, respectively, which is expected to lead to an increase in demand for epoxy adhesives in the forecast period 2022-2028.
- Epoxy resin-based adhesives are used in the healthcare industry for applications such as assembling and bonding medical device parts. The increase in healthcare investments worldwide will lead to an increase in their demand in the forecast period.
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Electric vehicles demand to drive the demand for epoxy adhesives
- Epoxy adhesives are made up largely of epoxy resin and a curing agent. Two-component epoxy adhesives are made by separately packaging the epoxy and curing agent components. They cure quickly after combining the two components. Almost all two-component room-temperature cure epoxy adhesives are available. All formulated components, including epoxy resin and curing agent, are mixed in advance to make one-component epoxy adhesives. Epoxy adhesives adhere well to various substrates and can be used to attach metals, glass, concrete, ceramics, wood, and many polymers. Curing shrinkage is extremely minimal. The cross-linked chemical structure of cured epoxy resin is strong and rigid, making it appropriate for structural bonding applications. Various epoxy adhesives for diverse uses have been developed by combining various epoxy resins and curing agents.
- Asia-Pacific is the top consumer of epoxy adhesives globally, holding a share of about 47%, followed by North America, Europe, Middle East and Africa, and South America, with shares of 25%, 23.5%, 3.3%, and 3.1%, respectively. Growing construction activities and the rising production of automotive vehicles due to an increase in sales after the COVID-19 pandemic across the region is expected to be the major factor driving the growth of epoxy adhesives.
- Across all the end-use sectors, automotive is the leading consumer of epoxy globally, holding a share of about 30.7%, followed by building and construction, healthcare, aerospace, and woodworking, with shares of about 19.2%, 10.2%, 7%, and 6.6%, respectively. The other end-use industries segment holds about 28%. The rising adoption of EVs to increase sustainability is expected to boost the demand for epoxy adhesives globally.
Global Epoxy Adhesive Market Trends
Favorable government policies to promote electric vehicles will propel automotive industry
- Since 2021, the global automotive industry has been expected to grow steadily but at a slower pace because of the decline in consumers' preferences for individual ownership of passenger vehicles and their increased preference for shared mobility in transportation. The global automotive industry is expected to experience a growth rate of 2% annually, with an expected value addition of USD 1.5 trillion in total revenue during the forecast period.
- In 2020, due to the impact of the COVID-19 pandemic, vehicle sales declined but recovered rapidly in 2021 because the governments of various countries took measures to support their economies, as automotive markets usually contribute majorly to their GDP. Vehicle sales declined from 90 million units of passenger vehicles in 2019 to 78 million units in 2020.
- The introduction of electric vehicles worldwide has contributed significantly to the overall revenue of the global automotive market because of their cheaper energy costs, environmentally benign nature, and efficient mobility features. Various government policies and standards also work as driving factors to increase EV production. For instance, the EU standards for CO2 emissions increased the demand for electric vehicles in 2021. As per the IEA's Sustainable Scenario, 230 million electric vehicles are required to replace combustion fuel-based vehicles by 2030. In 2021, Tesla, the largest EV manufacturer, recorded a rise of 157% in the number of electric vehicles manufactured. This growing trend of consumers preferring electric vehicles is expected to rise further during the forecast period (2022-2028).
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Growing residential and infrastructural development to thrive the construction sector
- The building and construction industry witnessed steady growth, with a CAGR of 2.6% from 2017 to 2019. This growth was driven by the upswing in global economic activity and increasing demand for single-family homes. In 2020, the COVID-19 pandemic had a major impact on the global building and construction industry. Constraints in labor supply, disruptions in construction finances and the supply chain, and economic uncertainty negatively impacted the global building and construction industry.
- Though the industry showed positive growth in 2021, the pandemic's effect on supply chains, which resulted in a hike in raw material prices, is still plaguing the industry. However, as the construction industry heavily influences a nation's economy, countries in Europe, North America, and Asia-Pacific have used the construction industry to restart their economic cycles by offering support schemes. Some support schemes include the Homebuilder Programme in Australia and the economic recovery plan of EU countries.
- The Asia-Pacific region experiences the highest volume of construction activities, and it is expected to remain the largest construction market till 2028 due to its huge population, increasing urbanization, and increasing investments in infrastructural development in countries like China, India, Japan, Indonesia, and South Korea.
- Increasing emphasis on green buildings and efforts to reduce emissions from global construction activities are expected to result in more sustainable operational procedures during the forecast period. For example, France has sanctioned EUR 7.5 billion for the construction industry to transform itself into a low-carbon energy economy.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rapid growth of civil and military aviation will boost the aircraft production
- Fast paced growth of e-commerce industry in developing nations to augment the industry
- Easy availability of resources will support the footwear industry specifically in developing countries
- Rising demand for home & office furniture to aid the growth of the industry
Epoxy Adhesive Industry Overview
The Epoxy Adhesive Market is moderately consolidated, with the top five companies occupying 40.37%. The major players in this market are 3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA and Sika AG (sorted alphabetically).
Epoxy Adhesive Market Leaders
3M
Arkema Group
H.B. Fuller Company
Henkel AG & Co. KGaA
Sika AG
Other important companies include Hubei Huitian New Materials Co. Ltd, Huntsman International LLC, Illinois Tool Works Inc., Jowat SE, Kangda New Materials (Group) Co., Ltd., KLEBCHEMIE M. G. Becker GmbH & Co. KG, MAPEI S.p.A., NANPAO RESINS CHEMICAL GROUP, Pidilite Industries Ltd., Soudal Holding N.V..
*Disclaimer: Major Players sorted in alphabetical order.
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Epoxy Adhesive Market News
- July 2022: Mapei started the construction of its third manufacturing facility in Kosi, Mathura, to cater to the demand generated from Northern India.
- May 2022: ITW Performance Polymers announced a distribution partnership with PREMA SA in Poland for its Devcon brand.
- February 2022: H.B. Fuller announced the acquisition of Fourny NV to strengthen its Construction Adhesives business in Europe.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.
Epoxy Adhesive Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 End User Trends
- 4.1.1 Aerospace
- 4.1.2 Automotive
- 4.1.3 Building and Construction
- 4.1.4 Footwear and Leather
- 4.1.5 Packaging
- 4.1.6 Woodworking and Joinery
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4.2 Regulatory Framework
- 4.2.1 Argentina
- 4.2.2 Australia
- 4.2.3 Brazil
- 4.2.4 Canada
- 4.2.5 China
- 4.2.6 EU
- 4.2.7 India
- 4.2.8 Indonesia
- 4.2.9 Japan
- 4.2.10 Malaysia
- 4.2.11 Mexico
- 4.2.12 Russia
- 4.2.13 Saudi Arabia
- 4.2.14 Singapore
- 4.2.15 South Africa
- 4.2.16 South Korea
- 4.2.17 Thailand
- 4.2.18 United States
- 4.3 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
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5.1 End User Industry
- 5.1.1 Aerospace
- 5.1.2 Automotive
- 5.1.3 Building and Construction
- 5.1.4 Footwear and Leather
- 5.1.5 Healthcare
- 5.1.6 Packaging
- 5.1.7 Woodworking and Joinery
- 5.1.8 Other End-user Industries
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5.2 Technology
- 5.2.1 Reactive
- 5.2.2 Solvent-borne
- 5.2.3 UV Cured Adhesives
- 5.2.4 Water-borne
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5.3 Region
- 5.3.1 Asia-Pacific
- 5.3.1.1 Australia
- 5.3.1.2 China
- 5.3.1.3 India
- 5.3.1.4 Indonesia
- 5.3.1.5 Japan
- 5.3.1.6 Malaysia
- 5.3.1.7 Singapore
- 5.3.1.8 South Korea
- 5.3.1.9 Thailand
- 5.3.1.10 Rest of Asia-Pacific
- 5.3.2 Europe
- 5.3.2.1 France
- 5.3.2.2 Germany
- 5.3.2.3 Italy
- 5.3.2.4 Russia
- 5.3.2.5 Spain
- 5.3.2.6 United Kingdom
- 5.3.2.7 Rest of Europe
- 5.3.3 Middle East & Africa
- 5.3.3.1 Saudi Arabia
- 5.3.3.2 South Africa
- 5.3.3.3 Rest of Middle East & Africa
- 5.3.4 North America
- 5.3.4.1 Canada
- 5.3.4.2 Mexico
- 5.3.4.3 United States
- 5.3.4.4 Rest of North America
- 5.3.5 South America
- 5.3.5.1 Argentina
- 5.3.5.2 Brazil
- 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 3M
- 6.4.2 Arkema Group
- 6.4.3 H.B. Fuller Company
- 6.4.4 Henkel AG & Co. KGaA
- 6.4.5 Hubei Huitian New Materials Co. Ltd
- 6.4.6 Huntsman International LLC
- 6.4.7 Illinois Tool Works Inc.
- 6.4.8 Jowat SE
- 6.4.9 Kangda New Materials (Group) Co., Ltd.
- 6.4.10 KLEBCHEMIE M. G. Becker GmbH & Co. KG
- 6.4.11 MAPEI S.p.A.
- 6.4.12 NANPAO RESINS CHEMICAL GROUP
- 6.4.13 Pidilite Industries Ltd.
- 6.4.14 Sika AG
- 6.4.15 Soudal Holding N.V.
7. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS
8. APPENDIX
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8.1 Global Adhesives and Sealants Industry Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Drivers, Restraints, and Opportunities
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF AIRCRAFTS DELIVERED, UNITS, GLOBAL, 2017-2028
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, GLOBAL, 2017-2028
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, GLOBAL, 2017-2028
- Figure 4:
- PRODUCTION VOLUME OF FOOTWEAR, PAIRS, GLOBAL, 2017-2028
- Figure 5:
- PRODUCTION VOLUME OF PAPER & PAPER BOARD AND PLASTIC PACKAGING, TONS, GLOBAL, 2017-2028
- Figure 6:
- PRODUCTION VOLUME OF FURNITURE, UNITS, GLOBAL, 2017-2028
- Figure 7:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 8:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 9:
- VOLUME OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 10:
- VALUE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 11:
- VOLUME SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 12:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 13:
- VOLUME OF EPOXY ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 14:
- VALUE OF EPOXY ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 15:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED IN AEROSPACE INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 16:
- VOLUME OF EPOXY ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 17:
- VALUE OF EPOXY ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 18:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 19:
- VOLUME OF EPOXY ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 20:
- VALUE OF EPOXY ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 21:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 22:
- VOLUME OF EPOXY ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 23:
- VALUE OF EPOXY ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 24:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 25:
- VOLUME OF EPOXY ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 26:
- VALUE OF EPOXY ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 27:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 28:
- VOLUME OF EPOXY ADHESIVES CONSUMED IN PACKAGING INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 29:
- VALUE OF EPOXY ADHESIVES CONSUMED IN PACKAGING INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 30:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED IN PACKAGING INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 31:
- VOLUME OF EPOXY ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 32:
- VALUE OF EPOXY ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 33:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 34:
- VOLUME OF EPOXY ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 35:
- VALUE OF EPOXY ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 36:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 37:
- VOLUME OF EPOXY ADHESIVES CONSUMED BY TECHNOLOGY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 38:
- VALUE OF EPOXY ADHESIVES CONSUMED BY TECHNOLOGY, USD, GLOBAL, 2017 - 2028
- Figure 39:
- VOLUME SHARE OF EPOXY ADHESIVES CONSUMED BY TECHNOLOGY, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 40:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY TECHNOLOGY, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 41:
- VOLUME OF REACTIVE EPOXY ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 42:
- VALUE OF REACTIVE EPOXY ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 43:
- VALUE SHARE OF REACTIVE EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 44:
- VOLUME OF SOLVENT-BORNE EPOXY ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 45:
- VALUE OF SOLVENT-BORNE EPOXY ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 46:
- VALUE SHARE OF SOLVENT-BORNE EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 47:
- VOLUME OF UV CURED ADHESIVES EPOXY ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 48:
- VALUE OF UV CURED ADHESIVES EPOXY ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 49:
- VALUE SHARE OF UV CURED ADHESIVES EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 50:
- VOLUME OF WATER-BORNE EPOXY ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 51:
- VALUE OF WATER-BORNE EPOXY ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 52:
- VALUE SHARE OF WATER-BORNE EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 53:
- VOLUME OF EPOXY ADHESIVES CONSUMED BY REGION, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 54:
- VALUE OF EPOXY ADHESIVES CONSUMED BY REGION, USD, GLOBAL, 2017 - 2028
- Figure 55:
- VOLUME SHARE OF EPOXY ADHESIVES CONSUMED BY REGION, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 56:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY REGION, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 57:
- VOLUME OF EPOXY ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 58:
- VALUE OF EPOXY ADHESIVES CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 59:
- VOLUME SHARE OF EPOXY ADHESIVES CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 60:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 61:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, AUSTRALIA, 2017 - 2028
- Figure 62:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, AUSTRALIA, 2017 - 2028
- Figure 63:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2021 VS 2028
- Figure 64:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, CHINA, 2017 - 2028
- Figure 65:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, CHINA, 2017 - 2028
- Figure 66:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, CHINA, 2021 VS 2028
- Figure 67:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, INDIA, 2017 - 2028
- Figure 68:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, INDIA, 2017 - 2028
- Figure 69:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDIA, 2021 VS 2028
- Figure 70:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
- Figure 71:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, INDONESIA, 2017 - 2028
- Figure 72:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDONESIA, 2021 VS 2028
- Figure 73:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, JAPAN, 2017 - 2028
- Figure 74:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, JAPAN, 2017 - 2028
- Figure 75:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, JAPAN, 2021 VS 2028
- Figure 76:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, MALAYSIA, 2017 - 2028
- Figure 77:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, MALAYSIA, 2017 - 2028
- Figure 78:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, MALAYSIA, 2021 VS 2028
- Figure 79:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, SINGAPORE, 2017 - 2028
- Figure 80:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, SINGAPORE, 2017 - 2028
- Figure 81:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, SINGAPORE, 2021 VS 2028
- Figure 82:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, SOUTH KOREA, 2017 - 2028
- Figure 83:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, SOUTH KOREA, 2017 - 2028
- Figure 84:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2021 VS 2028
- Figure 85:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, THAILAND, 2017 - 2028
- Figure 86:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, THAILAND, 2017 - 2028
- Figure 87:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, THAILAND, 2021 VS 2028
- Figure 88:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, REST OF ASIA-PACIFIC, 2017 - 2028
- Figure 89:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, REST OF ASIA-PACIFIC, 2017 - 2028
- Figure 90:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF ASIA-PACIFIC, 2021 VS 2028
- Figure 91:
- VOLUME OF EPOXY ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 92:
- VALUE OF EPOXY ADHESIVES CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2028
- Figure 93:
- VOLUME SHARE OF EPOXY ADHESIVES CONSUMED BY COUNTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 94:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY COUNTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 95:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, FRANCE, 2017 - 2028
- Figure 96:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, FRANCE, 2017 - 2028
- Figure 97:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, FRANCE, 2021 VS 2028
- Figure 98:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, GERMANY, 2017 - 2028
- Figure 99:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, GERMANY, 2017 - 2028
- Figure 100:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, GERMANY, 2021 VS 2028
- Figure 101:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, ITALY, 2017 - 2028
- Figure 102:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, ITALY, 2017 - 2028
- Figure 103:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, ITALY, 2021 VS 2028
- Figure 104:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, RUSSIA, 2017 - 2028
- Figure 105:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, RUSSIA, 2017 - 2028
- Figure 106:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2021 VS 2028
- Figure 107:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, SPAIN, 2017 - 2028
- Figure 108:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, SPAIN, 2017 - 2028
- Figure 109:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, SPAIN, 2021 VS 2028
- Figure 110:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, UNITED KINGDOM, 2017 - 2028
- Figure 111:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, UNITED KINGDOM, 2017 - 2028
- Figure 112:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2021 VS 2028
- Figure 113:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, REST OF EUROPE, 2017 - 2028
- Figure 114:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, REST OF EUROPE, 2017 - 2028
- Figure 115:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2021 VS 2028
- Figure 116:
- VOLUME OF EPOXY ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 117:
- VALUE OF EPOXY ADHESIVES CONSUMED BY COUNTRY, USD, MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 118:
- VOLUME SHARE OF EPOXY ADHESIVES CONSUMED BY COUNTRY, %, MIDDLE EAST & AFRICA, 2016 VS 2022 VS 2028
- Figure 119:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY COUNTRY, %, MIDDLE EAST & AFRICA, 2016 VS 2022 VS 2028
- Figure 120:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, SAUDI ARABIA, 2017 - 2028
- Figure 121:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, SAUDI ARABIA, 2017 - 2028
- Figure 122:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, SAUDI ARABIA, 2021 VS 2028
- Figure 123:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, SOUTH AFRICA, 2017 - 2028
- Figure 124:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, SOUTH AFRICA, 2017 - 2028
- Figure 125:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, SOUTH AFRICA, 2021 VS 2028
- Figure 126:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, REST OF MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 127:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, REST OF MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 128:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF MIDDLE EAST & AFRICA, 2021 VS 2028
- Figure 129:
- VOLUME OF EPOXY ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 130:
- VALUE OF EPOXY ADHESIVES CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2017 - 2028
- Figure 131:
- VOLUME SHARE OF EPOXY ADHESIVES CONSUMED BY COUNTRY, %, NORTH AMERICA, 2016 VS 2022 VS 2028
- Figure 132:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY COUNTRY, %, NORTH AMERICA, 2016 VS 2022 VS 2028
- Figure 133:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, CANADA, 2017 - 2028
- Figure 134:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, CANADA, 2017 - 2028
- Figure 135:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, CANADA, 2021 VS 2028
- Figure 136:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 137:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 138:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, MEXICO, 2021 VS 2028
- Figure 139:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 140:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 141:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2021 VS 2028
- Figure 142:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, REST OF NORTH AMERICA, 2017 - 2028
- Figure 143:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, REST OF NORTH AMERICA, 2017 - 2028
- Figure 144:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF NORTH AMERICA, 2021 VS 2028
- Figure 145:
- VOLUME OF EPOXY ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, SOUTH AMERICA, 2017 - 2028
- Figure 146:
- VALUE OF EPOXY ADHESIVES CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2028
- Figure 147:
- VOLUME SHARE OF EPOXY ADHESIVES CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2016 VS 2022 VS 2028
- Figure 148:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2016 VS 2022 VS 2028
- Figure 149:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, ARGENTINA, 2017 - 2028
- Figure 150:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, ARGENTINA, 2017 - 2028
- Figure 151:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, ARGENTINA, 2021 VS 2028
- Figure 152:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, BRAZIL, 2017 - 2028
- Figure 153:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, BRAZIL, 2017 - 2028
- Figure 154:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, BRAZIL, 2021 VS 2028
- Figure 155:
- VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, REST OF SOUTH AMERICA, 2017 - 2028
- Figure 156:
- VALUE OF EPOXY ADHESIVES CONSUMED, USD, REST OF SOUTH AMERICA, 2017 - 2028
- Figure 157:
- VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF SOUTH AMERICA, 2021 VS 2028
- Figure 158:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2019 - 2021
- Figure 159:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2019 - 2021
- Figure 160:
- REVENUE SHARE OF EPOXY ADHESIVES BY MAJOR PLAYERS, %, GLOBAL, 2021
Epoxy Adhesive Industry Segmentation
Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery are covered as segments by End User Industry. Reactive, Solvent-borne, UV Cured Adhesives, Water-borne are covered as segments by Technology. Asia-Pacific, Europe, Middle East & Africa, North America, South America are covered as segments by Region.
- Epoxy resin-based adhesives are widely used in the construction industry because of their applications, such as for flooring, roofing, wooden components joinery, etc. The construction industry globally is expected to grow at 3.5% per annum up to 2030. China, India, the United States, and Indonesia are expected to account for 58.3% of the overall construction growth globally. As a result, construction adhesives account for a nearly 18% share of the global epoxy adhesive market share by value.
- Epoxy resin-based adhesives are widely used in the automotive industry because of their applicability to surfaces such as glass, metal, plastic, painted surfaces, etc., and their features are helpful in the automotive industry, such as for strong bonding, durability, and long-lasting. These products are used in engines and car gaskets. The electric vehicles segment of the automotive industry is expected to record a CAGR of 17.75% globally in the forecast period because of the increased demand for the same in growing economies. This is expected to increase the demand for automotive epoxy adhesives in the forecast period.
- Epoxy adhesives are widely used for electronics and electrical equipment manufacturing as they can be used for sticking sensors and cables. The global electronics and household appliances industries are expected to record CAGRs of 2.51% and 5.77%, respectively, which is expected to lead to an increase in demand for epoxy adhesives in the forecast period 2022-2028.
- Epoxy resin-based adhesives are used in the healthcare industry for applications such as assembling and bonding medical device parts. The increase in healthcare investments worldwide will lead to an increase in their demand in the forecast period.
| End User Industry | Aerospace | |
| Automotive | ||
| Building and Construction | ||
| Footwear and Leather | ||
| Healthcare | ||
| Packaging | ||
| Woodworking and Joinery | ||
| Other End-user Industries | ||
| Technology | Reactive | |
| Solvent-borne | ||
| UV Cured Adhesives | ||
| Water-borne | ||
| Region | Asia-Pacific | Australia |
| China | ||
| India | ||
| Indonesia | ||
| Japan | ||
| Malaysia | ||
| Singapore | ||
| South Korea | ||
| Thailand | ||
| Rest of Asia-Pacific | ||
| Region | Europe | France |
| Germany | ||
| Italy | ||
| Russia | ||
| Spain | ||
| United Kingdom | ||
| Rest of Europe | ||
| Region | Middle East & Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle East & Africa | ||
| Region | North America | Canada |
| Mexico | ||
| United States | ||
| Rest of North America | ||
| Region | South America | Argentina |
| Brazil | ||
| Rest of South America |
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Market Definition
- End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Woodworking & Joinery, Footwear & Leather, Healthcare, and Others are the end-user industries considered under the epoxy adhesives market.
- Product - All epoxy adhesive products are considered in the market studied
- Resin - Under the scope of the study, one component and two component based epoxies are considered
- Technology - For the purpose of this study, Water-borne, Solvent-borne, Reactive, and UV Cured adhesive technologies are taken into consideration.
| Keyword | Definition |
|---|---|
| Hot-melt Adhesive | Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed. |
| Reactive Adhesive | A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Solvent-borne Adhesive | Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers). |
| Water-borne Adhesive | Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent. |
| UV Cured Adhesive | UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives. |
| Heat-resistant Adhesive | Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage. |
| Reshoring | Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this. |
| Oleochemicals | Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats. |
| Nonporous Materials | Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow. |
| EU-Vietnam Free Trade Agreement | A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019. |
| VOC content | Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants. |
| Emulsion Polymerization | Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product. |
| 2025 National Packaging Targets | In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025. |
| Russian Government’s Import Substitution Policy | The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015. |
| Paper Substrate | Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered. |
| Insulation Material | A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils. |
| Thermal Shock | A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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