Executive Summary

The global epoxy adhesives market is expected to grow significantly in the coming years, driven by increasing demand from various end-use industries. The market is characterized by a high level of competition, with several players operating in the market. Key players in the market include Henkel AG & Co. KGaA, 3M Company, H.B. Fuller Company, Huntsman Corporation, Sika AG, and DowDuPont Inc. The market is expected to witness significant growth in the Asia Pacific region, due to increasing industrialization and infrastructure development.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

• The global epoxy adhesives market is expected to grow at a CAGR of over 6% during the forecast period (2021-2026).
• The Asia Pacific region is expected to witness the highest growth, due to increasing industrialization and infrastructure development.
• The automotive and construction industries are the largest end-users of epoxy adhesives, due to their superior bonding strength and durability.
• The market is characterized by a high level of competition, with several players operating in the market.
• Key players in the market include Henkel AG & Co. KGaA, 3M Company, H.B. Fuller Company, Huntsman Corporation, Sika AG, and DowDuPont Inc.

Market Drivers

• Increasing demand from end-use industries, such as automotive, construction, and electronics.
• Superior bonding strength and durability compared to other types of adhesives.
• Rising demand for lightweight materials in automotive and aerospace industries.
• Growing infrastructure development in emerging economies.
• Increasing demand for eco-friendly adhesives.

Market Restraints

• High cost of epoxy adhesives compared to other types of adhesives.
• Environmental concerns related to the use of epoxy adhesives.
• Limited availability of raw materials.

Market Opportunities

• Growing demand for bio-based epoxy adhesives.
• Increasing investment in research and development activities.
• Expansion in emerging economies.

Market Dynamics

The global epoxy adhesives market is driven by several factors, including increasing demand from various end-use industries, superior bonding strength and durability compared to other types of adhesives, and rising demand for lightweight materials in automotive and aerospace industries. However, the market is also faced with several challenges, such as high cost of epoxy adhesives compared to other types of adhesives, environmental concerns related to the use of epoxy adhesives, and limited availability of raw materials. Nevertheless, the market is expected to offer several opportunities for growth, including growing demand for bio-based epoxy adhesives, increasing investment in research and development activities, and expansion in emerging economies.

Regional Analysis

The global epoxy adhesives market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific region is expected to witness the highest growth, due to increasing industrialization and infrastructure development in countries such as China, India, and Japan. The region is also home to several key players in the market, such as Henkel AG & Co. KGaA and Sika AG. North America and Europe are also expected to contribute significantly to the growth of the market, due to the presence of well-established end-use industries such as automotive and construction.

Competitive Landscape

Leading Companies in the Epoxy Adhesives Market:

1. Henkel AG & Co. KGaA
2. Sika AG
3. 3M Company
4. H.B. Fuller Company
5. Huntsman Corporation
6. Illinois Tool Works Inc.
7. LORD Corporation
8. Permabond LLC
9. Arkema Group
10. Ashland Global Holdings Inc.

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The global epoxy adhesives market is segmented based on type, application, and region.

By type, the market is segmented into one-component epoxy adhesives and two-component epoxy adhesives.

By application, the market is segmented into automotive, construction, aerospace, electronics, and others.

By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Category-wise Insights

By type, the two-component epoxy adhesives segment is expected to hold the largest share of the market during the forecast period, due to their superior bonding strength and durability.

By application, the automotive industry is expected to hold the largest share of the market, due to the increasing demand for lightweight materials and eco-friendly adhesives in the industry.

Key Benefits for Industry Participants and Stakeholders

Industry participants and stakeholders can benefit from the growth of the global epoxy adhesives market by:

• Expanding their product offerings to meet the increasing demand from various end-use industries.
• Investing in research and development activities to enhance the performance of their products and stay ahead of the competition.
• Entering into strategic partnerships and collaborations with other players in the market to expand their reach and offer innovative products to their customers.
• Expanding their presence in emerging economies to tap into the growing demand for epoxy adhesives.

SWOT Analysis

Strengths:

• Superior bonding strength and durability compared to other types of adhesives.
• Wide range of applications across various end-use industries.
• Growing demand for eco-friendly adhesives.

Weaknesses:

• High cost of epoxy adhesives compared to other types of adhesives.
• Environmental concerns related to the use of epoxy adhesives.
• Limited availability of raw materials.

Opportunities:

• Growing demand for bio-based epoxy adhesives.
• Increasing investment in research and development activities.
• Expansion in emerging economies.

Threats:

• Intense competition in the market.
• Fluctuations in raw material prices.
• Stringent government regulations related to the use of adhesives.

Market Key Trends

• Growing demand for lightweight materials in automotive and aerospace industries.
• Increasing investment in research and development activities to enhance the performance of epoxy adhesives.
• Rising demand for eco-friendly adhesives.

Covid-19 Impact

The outbreak of Covid-19 had a significant impact on the global epoxy adhesives market, due to the disruption of supply chains and slowdown in economic activity. The pandemic led to a decline in demand from various end-use industries, such as automotive, construction, and aerospace. However, the market is expected to recover in the coming years, as economic activity picks up and demand from end-use industries rebounds.

Key Industry Developments

• In October 2020, Huntsman Corporation launched a new range of bio-based epoxy resins and hardeners for use in adhesives, coatings, and composite applications. The new products are made from sustainable, non-food raw materials and offer improved performance and environmental benefits.

• In July 2019, Henkel AG & Co. KGaA announced the acquisition of Molecule Corp., a California-based company that specializes in developing and producing customized UV/EB (ultraviolet/electron beam) curable resins and formulations. The acquisition is expected to enhance Henkel’s position in the rapidly growing market for sustainable adhesives and coatings.
• In April 2018, 3M Company launched a new range of structural adhesives for use in automotive and aerospace applications. The new products offer superior bonding strength and durability compared to traditional mechanical fastening methods, and can help to reduce weight and improve fuel efficiency in vehicles.

Analyst Suggestions

Industry analysts suggest that players in the global epoxy adhesives market should focus on research and development activities to enhance the performance of their products and stay ahead of the competition. They also recommend expanding into emerging economies to tap into the growing demand for epoxy adhesives, and investing in strategic partnerships and collaborations with other players in the market to expand their reach and offer innovative products to their customers.

Future Outlook

The global epoxy adhesives market is expected to grow significantly in the coming years, driven by increasing demand from various end-use industries, such as automotive, construction, and electronics. The market is also expected to witness significant growth in the Asia Pacific region, due to increasing industrialization and infrastructure development. However, the market is also faced with several challenges, such as high cost of epoxy adhesives compared to other types of adhesives, environmental concerns related to the use of epoxy adhesives, and limited availability of raw materials. Nevertheless, the market is expected to offer several opportunities for growth, including growing demand for bio-based epoxy adhesives, increasing investment in research and development activities, and expansion in emerging economies.

Conclusion

In conclusion, the global epoxy adhesives market is a highly competitive and rapidly growing market, driven by increasing demand from various end-use industries and rising demand for lightweight and eco-friendly materials. The market is characterized by a high level of competition, with several players operating in the market. Key players in the market include Henkel AG & Co. KGaA, 3M Company, H.B. Fuller Company, Huntsman Corporation, Sika AG, and DowDuPont Inc. The market is expected to witness significant growth in the Asia Pacific region, due to increasing industrialization and infrastructure development. Industry participants and stakeholders can benefit from the growth of the market by expanding their product offerings, investing in research and development activities, and expanding their presence in emerging economies.