Epoxy Adhesives Market Overview, Size, Share, Growth, Trends and Forecast to 2023
The global epoxy adhesives market is showcasing strong growth on account of the rising demand and growing developments in the market. Key factors attributed to such growth include improved living standards and growing usage of composites and plastics in the construction industry.
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On the basis of application, the global epoxy adhesives market has been segmented into building and construction, transportation, wind energy, electrical and electronics, automotive, marine and others.
The growth of the global epoxy adhesives market is hindered by environmental regulations prevailing in the European countries. Under the European environmental law, there are more than 500 directives, regulations, and decisions related to an eco-friendly and green environment.
Epoxy adhesives are high strength adhesives, which are widely used across various industries. They are made up of epoxy resins, which are made up of chemical bisphenol. Epoxy adhesives can be used for adhesion of many substrates such as wood, metals, plastics, glass and stones.
Geographically, the global epoxy adhesives market has been segmented into North America, Europe and Asia-Pacific. The Asia-Pacific region is expected to witness the highest growth in the global epoxy adhesives market, due to increased population and the growing demand for residential buildings.
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The key players operating in the global epoxy adhesives market include Henkel AG & Co. KGaA, 3M Company, Sika A.G., Ashland Inc., The Dow Chemical Company, Lord Corporation, Huntsman Corporation, Illinois Tool Works Inc., and Permabond LLC.
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