A10801 | Pages: NA | Jul 2022 | 1000 Views | | |
Author(s) : Eswara Prasad | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Epoxy Adhesives Market
Request Now !Epoxy adhesives are a category of industrial adhesives, which have high combining strength. These adhesives are majorly used on materials such as wood, metals, glass, and different polymers. Epoxy adhesives are majorly used as structural adhesives. Moreover, some epoxy adhesives after being cured by exposure to UV light are used in optoelectronics and fiber optics applications.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Type, End-use Industry and Region |
Geographies covered | North America (U.S. and Canada), Europe (Germany, UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of LATAM) and Middle East and Africa (Saudi Arabia, UAE, Kuwait, South Africa, and Rest of MEA) |
Companies covered | Henkel AG, Sika AG, 3M Company, H.B. Fuller, DuPont, Illinois Tool Works Incorporation, Ashland, RPM International, Lord Corporation, and Huntsman Corporation. |
COVID-19 scenarioanalysis:
Top impacting factors: Market Scenario Analysis, Trends , Drivers and Impact Analysis
The growth of the global epoxy adhesives market is majorly driven by the rise in demand for epoxy adhesives in the automobile manufacturing and construction sectors. There is an increase in the demand for superior quality adhesive materials in the production of highly efficient automobiles. Moreover, the surge in demand for epoxy adhesives in construction projects for binding materials such as ceramics, woods, and metals also adds to the growth of the market around the world. Also, excellent properties such as thermal stability and resistance to variations in pressure make epoxy adhesives a popular choice in the manufacture of several parts of electronic gadgets such as transistors, circuit boards, and others. Epoxy adhesives are also widely used in the aerospace industry as well. Several major companies including SpaceX are entering the aerospace sector and investing on the development of better quality adhesives for the production of highly efficient aircrafts and other equipment. However, the high toxicity of the epoxy fumes and the rise in concerns of its effects on the environment limit the market growth.
The Asia-Pacific region accounts for the major share of the global epoxy adhesives market because of its increase in demand in the construction sector of the region. The rapid infrastructural developments and urbanization in the developing nations have resulted in a considerable rise in the applications of epoxy adhesives in the region. The market in Europe and North America regions is also expected to witness lucrative growth owing to the rapid development in the aerospace and automobile sector in the developed nations.
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Questions answered in the Epoxy Adhesives Market research report:
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