The global Epoxy Adhesives
market size is
expected to reach USD 11,631 million by 2026 according to a new study by
Polaris Market Research. Epoxy is increasingly being used as a
structural adhesive across diverse industries. Epoxy adhesives offer high shear
strength while bonding efficiently to a wide range of substrates such as wood,
glass, and metal. These adhesives provide minimal shrinkage, superior thermal
and chemical resistance, and cohesive strength. Epoxy adhesives can be altered
and modified to deliver a wide range of properties and offer customized
solutions in the market. Toughened epoxy adhesives are being used in
automotive, construction, and aerospace industry owing to need for greater
strength and chemical resistance.
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The different types of epoxy adhesives include
One-Component, and Two-Component. The demand for one-component epoxy adhesives
is expected to increase significantly during the forecast period. One-component
epoxy adhesives are cured at temperatures between 250-300°F, which offers
superior adhesion properties, high strength, and greater environmental and
chemical resistance. They are usually applied through trowel or extrusion by
beads, and are capable of filling and sealing gaps between surfaces
efficiently. Currently in the global Epoxy Adhesives industry, companies,
manufacturers, private organizations are collaborating to expand and cater to
wider applications and develop advanced technologies.
Asia
Pacific dominated the global market in 2019 and is expected to maintain its
dominance over the forecast period. Rising industrial growth, urbanization, and
growth in the automotive sector supports market growth in this region.
Increasing applications in construction, defense and aerospace, and marine
industries further increases the demand of epoxy adhesives in Asia-Pacific.
Increasing demand for miniaturized and high performing electronics coupled with
increasing awareness regarding adoption of electric vehicles fuels growth in
this region. Leading global players are expanding their presence in developing
nations of China, Japan, India, and South Korea to tap the growth opportunities
offered by these countries.
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The market is characterized by established companies
and large giants. Owing to technological advancements, and greater need to
cater to customer requirements, companies are collaborating in order to
strengthen market presence and gain market share. Broadening of product
portfolio is another trend that is visible in the industry. Some of the major
market participants include DowDuPont, Sika AG, Huntsman Corporation, Ashland
Inc., 3M Company, Lord Corporation, Illinois Tool Works Incorporation, Henkel
AG, AdCo UK Limited, Benson Polymers Ltd, 3M Co., Adhesive Technologies Corp.,
H.B. Fuller, American Chemical Inc., DELO Industrial Adhesives, Collano
Adhesives AG, and Alfa International Corporation among others.
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