The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

According to The Business Research Company’s Epoxy Adhesives Global Market Report 2023, the global epoxy adhesives market size grew from $7.97 billion in 2022 to $8.57 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The epoxy adhesives market size is expected to grow to $10.89 billion in 2027 at a CAGR of 6.2%.

Asia-Pacific held the largest epoxy adhesives market share, and Asia-Pacific was the fastest-growing region in 2022.

Epoxy Adhesives Market Driver
The rising urbanization is expected to propel the growth of the epoxy adhesive market going forward. Urbanization is the process of more people moving into urban areas. Urbanization results in an increase in the population of cities and the size of urban regions are mostly caused by people moving from rural to urban areas. The rise in urbanization will lead to the growth of epoxy adhesives which are used in building and construction, automotive and transportation, marine, electrical, and electronics industries. For instance, according to The World Bank, a US-based international financial institution that provides loans and grants to the governments of low- and middle-income countries to pursue capital projects, in 2022 more than 50% of the world’s population reside in cities. The number of people living in cities would be more than double to 6 billion by 2045. Therefore, the rising urbanization in the epoxy adhesive is expected to drive the growth of the epoxy adhesive market.

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Key Epoxy Adhesives Market Segments
1) By Type: One Component, Two Component, Other Types
2) By Distribution Channel: Online, Offline
3) By End User: Building and Construction, Transportation, Marine, Automotive, Wind Energy, Electrical and Electronics, Other End Users

 Epoxy Adhesives Market Prominent Players
Major players in the epoxy adhesives market are 3M Company, Ashland Inc., Bostik SA, H B Fuller Company, Henkel AG, Mapei SPA, Sika AG, DuPont de Nemours Inc., Permabond LLC, Lord Corporation, Illinois Tool Works Incorporation, DELO Industrie Klebstoffe GmbH & Co. KGaA, RPM International, Huntsman Corporation, Hubei Huitian New Materials Co. Ltd., Parker Hannifin Corp, Panacol-Elosol GmbH, Parson Adhesives Inc., The Dow Chemical Company, Uniseal Inc., Weicon GmBH & Co, Hernon Manufacturing Inc., Masterbond Inc., Pidilite Industries Limited, Helmitin Adhesives, Hexcel Corporation, Arkema Group, Jowat Corporation, Flamemaster Corporation, Collano AG, and Benson Polymers Limited.

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Prominent Epoxy Adhesives Market Trend
Product innovation is a key trend gaining popularity in the food diagnostics market. Major companies operating in the food diagnostics market are adopting new technologies to sustain their position in the market. For instance, in October 2020, Neogen Corporation, a US-based food safety company, launched Reveal 3-D Food Buffer, a new food extraction method. This novel method gives their 3-D test users more flexibility by expanding test capabilities to include direct testing of food products, and it has been verified on a wide range of food matrices. This method is applicable to all allergies and product kinds, and it employs a representative sampling protocol, which ensures confidence of results. The approach is simple to implement with Reveal 3-D detection limits.

The Epoxy Adhesives Global Market Report 2023  provides comprehensive insights on the epoxy adhesives market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the epoxy adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Tile Adhesives And Stone Adhesives Global Market Report 2023
Hot-Melt-Based Adhesives Global Market Report 2023
Water-Based Adhesives Global Market Report 2023 

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