Epoxy adhesive is gelatinous adhesive substance, compound or a mix which is used to form surface attachment. It is in the form of liquid or solid which is used in automotive industry, offices, households, hospitals, etc. Global epoxy adhesive market is anticipated to grow with a CAGR of 6.7 % during 2016-2023. Increasing application of epoxy adhesive is the key factor of the global epoxy adhesive market growth. Factors driving global adhesive market includes:
- High use of composite
- Innovative developments in weight reduction, safety, and ease-of-application
- Rising growth in end user industry
End user industries are investing majorly in the epoxy adhesive market. For example wind energy, transportation. Increasing infrastructural development are some projects driving the epoxy adhesive market. Factors such as fluctuation in material prices and rigorous regulatory approvals required for production are some factors restricting the market growth.
Source: OBRC Analysis
The global epoxy adhesives market can be segmented on the basis of type, material and application. Based on type, the market is sub segmented into:
- One component
- Two component
- Others
Based on application segment, market is sub segmented into:
- Coating
- Composite
- Adhesive
- Others
The revenue for the above application segments are specific to the epoxy adhesive market. However, the total revenue of these application in general has been excluded from the scope of the report. Also, the total market revenue has been calculated by summing up type segment.
Geographically, the global adhesive epoxy market is segmented on the basis of four major region, which include:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
Asia-Pacific is the largest market for the epoxy adhesives market, both in terms of value and volume, and is followed by North America and Europe. China is the largest market for epoxy adhesive in Asia Pacific. India and Thailand are fastest growing markets in APAC region. Asia pacific region is leading the epoxy adhesive market due to high adoption of epoxy adhesive in construction sector especially in residential construction. Companies in building and construction are widely adopting epoxy adhesive and thus adding value in the global epoxy adhesive market growth in Asia pacific. Aerospace and semi-conductor industries of Asia Pacific are big consumers of epoxy adhesive.
The epoxy adhesives have two major types, one component (heat curing) and two components (room temperature curing). The two component or room temperature curing epoxy adhesives takes from a few minutes to several hours for the processing and bonding after mixing. The two component epoxy adhesives is also suitable for bonding almost any substrate like glass and ceramic, plastic, metal, wood and wood products, and several types of rubber. It also has qualities such as high resistance to physical and chemical influences, along with greater long-term stability. On the basis of substrates or materials, the market can be segmented under composites, metals, and others. The growing penetration of composites in various industries such as aviation and aerospace, automotive, transportation, and marine is propelling the use of epoxy adhesives, in turn pushing the market forward. Along with the drivers, the epoxy adhesives market is also facing restraints such as uncertainty in raw material prices and the regulations restricting the use of hazardous chemicals.
The major market players of the global epoxy adhesive market are:
- Aditya Birla Chemicals
- Atul Ltd.
- BASF SE
- Chang Chun Plastics Co. Ltd.
- Dow Chemical Company
- Hexion Inc.
- Huntsman Corporation
- Kukdo Chemical Co. Ltd.
- Mitsubishi Chemical Corporation
- Others
Detailed analysis of these companies provided in this report comprises Overview, SCOT Analysis, Product Portfolio, Strategic Initiative and Strategic Analysis.
These companies are undertaking strategies such as merger & acquisition, collaboration, partnership and product launching. For example, on 19th January, 2016, 3M launched magnet bonding adhesive for improving designs of permanent magnet motors. it is a high performance adhesive system which provide advanced tool for bonding permanent magnets to rotor and stators in electric motors. This system is build by epoxy adhesive with a thickness control system.
Why to buy the report:
This report will:
- Provide you the business strategies adopted by market players such as 3M, Huntsman Corporation and others.
- Provide in detail the different segments such as by type and application which are affecting the global adhesive epoxy market.
- Provide you the patent analysis of the adhesive epoxy market.
- Identify and understand the strength, opportunities, challenges and threat of the adhesive epoxy market.
- Provide revenues of major players of the market such as Mitsubishi Chemical Corporation
- Provide you various the regulatory policies which are affecting the global adhesive epoxy market.
How we are different from others:
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global epoxy adhesive market offers the longest chain of market segmentation covering major market segmentation based on application and type. The report tracks the major market trends in the global epoxy adhesive market such as Innovative developments in weight reduction, safety, and ease-of-application and so on. For each market segments covered in global adhesive epoxy market report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the adhesive epoxy industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360 degree analysis, See Saw analysis, and Porter five force model and so on. For the high level analysis in the report we provide a comparative analysis of historic and current year data.
Key Findings of the global epoxy adhesive market:
- Asia Pacific is anticipated to account the largest revenue share in 2016.
- Increasing government support
- Product launch is the key strategy adopted by the various market players of global Epoxy adhesive market.
- Building & construction is the major segment of application.
- One component is the fastest growing segment.
