Market Size of epoxy adhesive Industry
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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.
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.
Epoxy Adhesive Industry Segmentation 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 |
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Epoxy Adhesive Market Size Summary
The epoxy adhesive market is poised for significant growth, driven by its extensive applications across various industries. Epoxy resin-based adhesives are particularly prevalent in the construction sector, where they are utilized for flooring, roofing, and joinery due to their strong bonding and durability. The automotive industry also heavily relies on these adhesives for their ability to bond with materials like glass, metal, and plastic, making them essential for components such as engines and car gaskets. The rise of electric vehicles is expected to further boost demand for automotive epoxy adhesives. Additionally, the electronics and healthcare industries contribute to the market's expansion, with epoxy adhesives being used for assembling electronic devices and medical equipment. The Asia-Pacific region leads in consumption, supported by robust construction activities and increased automotive production.
The market landscape is moderately consolidated, with major players like 3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, and Sika AG holding significant shares. The global demand for epoxy adhesives is influenced by the construction industry's recovery post-COVID-19, the automotive sector's shift towards electric vehicles, and the ongoing advancements in electronics and healthcare. The market is expected to experience steady growth, with Asia-Pacific remaining the largest consumer due to its high population, urbanization, and infrastructural investments. The emphasis on sustainable practices, such as green building initiatives, is also anticipated to shape the market dynamics, promoting the use of epoxy adhesives in environmentally friendly construction processes.
Epoxy Adhesive Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
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1.1 End User Industry
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1.1.1 Aerospace
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1.1.2 Automotive
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1.1.3 Building and Construction
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1.1.4 Footwear and Leather
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1.1.5 Healthcare
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1.1.6 Packaging
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1.1.7 Woodworking and Joinery
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1.1.8 Other End-user Industries
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1.2 Technology
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1.2.1 Reactive
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1.2.2 Solvent-borne
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1.2.3 UV Cured Adhesives
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1.2.4 Water-borne
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1.3 Region
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1.3.1 Asia-Pacific
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1.3.1.1 Australia
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1.3.1.2 China
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1.3.1.3 India
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1.3.1.4 Indonesia
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1.3.1.5 Japan
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1.3.1.6 Malaysia
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1.3.1.7 Singapore
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1.3.1.8 South Korea
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1.3.1.9 Thailand
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1.3.1.10 Rest of Asia-Pacific
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1.3.2 Europe
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1.3.2.1 France
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1.3.2.2 Germany
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1.3.2.3 Italy
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1.3.2.4 Russia
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1.3.2.5 Spain
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1.3.2.6 United Kingdom
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1.3.2.7 Rest of Europe
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1.3.3 Middle East & Africa
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1.3.3.1 Saudi Arabia
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1.3.3.2 South Africa
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1.3.3.3 Rest of Middle East & Africa
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1.3.4 North America
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1.3.4.1 Canada
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1.3.4.2 Mexico
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1.3.4.3 United States
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1.3.4.4 Rest of North America
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1.3.5 South America
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1.3.5.1 Argentina
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1.3.5.2 Brazil
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1.3.5.3 Rest of South America
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Epoxy Adhesive Market Size FAQs
How big is the Global Epoxy Adhesive Market?
The Global Epoxy Adhesive Market size is expected to reach USD 6.15 billion in 2024 and grow at a CAGR of 5.95% to reach USD 7.74 billion by 2028.
What is the current Global Epoxy Adhesive Market size?
In 2024, the Global Epoxy Adhesive Market size is expected to reach USD 6.15 billion.
