Epoxy Adhesives Market

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.

COVID-19 scenarioanalysis:

• The outbreak of the COVID-19 pandemic has severely affected the epoxy adhesives market.
• Since the advent of the global pandemic, the automobile and construction sectors were the few verticals of businesses that were affected the worst. The sales of automobiles decreased drastically because of the global economic slowdown caused by the pandemic. Moreover, most of the construction activities had come to a halt due to the major lack of workforce. These industries are major end users of the epoxy adhesives market and thus the impact on these industries also affected the global epoxy adhesives market to a great extent.
• On the other hand, due to the lockdowns and the stringent travel restrictions, most of the manufacturers and end-use industries suffered from disruption of supply chain and also a severe lack of workforce. This has also affected the business activities of the major players of the epoxy adhesives market.

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.

Key benefits of the report:

• This study presents the analytical depiction of the global epoxy adhesives industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global epoxy adhesives market share.
• The current market is quantitatively analyzed to highlight the global epoxy adhesives market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global epoxy adhesives market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Epoxy Adhesives Market research report:

• What are the leading market players active in the epoxy adhesivesmarket?
• What the current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 Epoxy Adhesives Market Report Highlights