The building and construction application accounted for the largest market share in terms of volume, followed by the automotive application, which is majorly due to the higher acceptance and usage from the end-users. The building and construction industry has started using epoxy adhesives, with the increasing usage of composites, plastics, and other higher strength metals. The growing urbanization due to the improved living standards of the population thus drives the global epoxy adhesives market.

The global epoxy adhesives market is estimated to grow from USD 5.33 Billion in 2015 to USD 10.13 Billion by 2026, at a CAGR of 6.63%. The growing urbanization due to the improved living standards, and increase in usage of composites, plastics and other higher strength metals in the construction industry and the ability of the epoxy adhesive to adhere strongly, with the exceptional mechanical & electrical insulating properties, and chemical & heat resistance, are driving the global epoxy adhesives market.

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Asia-Pacific: The largest market for epoxy adhesives

Currently, the Asia-Pacific region is the largest market for epoxy adhesives, in terms of volume. China is the largest market for epoxy adhesives in the Asia-Pacific region. However, India and Thailand are the fastest-growing markets for epoxy adhesives in the region.

The following factors are the main driving forces for the epoxy adhesives market in the Asia-Pacific region:

• The increasing residential building & construction activities are driving the market in the Asia-Pacific region  
• Growing manufacturing activities are expected to drive the demand for epoxy adhesives in the ASEAN countries  

The global epoxy adhesives market is led by leading players such as, Henkel AG & Co. KGaA (Germany), Huntsman Corporation (U.S.), 3M Company (U.S.), Ashland Inc. (U.S.), Sika A.G. (Switzerland), The Dow Chemical Company (U.S.), Lord Corporation (U.S.), Illinois Tool Works Inc. (U.S.) and Permabond LLC (U.S.). The diverse product portfolios, strategically positioned R&D centers, adoption of development strategies, and technological advancements, strengthen the market positions of these companies in the global epoxy adhesives market. They are adopting various organic and inorganic growth strategies, such as expansions, mergers & acquisitions, and new product launches to enhance their market shares.

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