LOS ANGELES, April 09, 2019 (GLOBE NEWSWIRE) -- A new report published by QY Research offers insights on the global epoxy putty sticks market. The market has been experiencing steady growth. The report estimates that between 2018 and 2025, the global market for epoxy putty sticks will reflect a rise of 1.3 times in terms of revenue. In 2019, the global epoxy putty sticks market is valued at US$453.2 mn and is expected to jump to US$571.4 mn by the end of 2025, surging at a CAGR of 4.75% during the forecast period.

Global Epoxy Putty Sticks Market: Market Drivers and Restraints

The demand for epoxy putty sticks is expected to grow in the coming years as its applications continue to expand. They are primarily used as hardening substances for filling up spaces in the construction industry. The increasing construction activity, across developing nations, is expected to fuel the uptake of epoxy putty sticks in the coming years. Increasing number of restoration, rebuilding, and repairs of wood and other hard surfaces for improved durability or permanent fixes for old buildings is also projected to drive the market. Infrastructural growth and upcoming sporting events are also expected to up the consumption of epoxy putty sticks during the forecast period.

Global Epoxy Putty Sticks Market: Forecast by Application

In terms of application, the global epoxy putty sticks market is segmented into industrial, marine, and household. Analysts anticipate that the industrial segment will hold a consumption share of over 38.38% in 2019. Meanwhile, the marine segment is expected to rise at a CAGR of 3.03% over the forecast period.

Global Epoxy Putty Sticks Market: Forecast by Type

In terms of type, the global market for epoxy putty sticks is segmented into aluminium and steel, concrete, plastics and wood, underwater, and multiple function. The metal segment is expected to remain dominant as it promises to surge at a CAGR of 3.59% over the forecast period.

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Global Epoxy Putty Sticks Market: Forecast by Region

In terms of geography, the market is spread over North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. Out of these, North America is expected to lead the global market for epoxy putty sticks as it is poised to reach a valuation of US$157.12 mn by the end of 2019, exhibiting a CAGR of 2.95% during the forecast period. Europe is expected to follow suit, expanding at a rate of 2.42%, as the region is witnessing steady consumption of epoxy putty sticks.

Global Epoxy Putty Sticks Market: Key Players

JB Weld, Weld-On Adhesives, Whitford Worldwide (Polymeric Systems), 2K Polymer Systems Limited, Nuco Inc (NuFlex)Oatey, Protective Coating Company, Everbeild(Sika), CRC (Minute Mend), Glenmarc, Taiwan Perma, FastFix-it, Cedesa, Star Brite, Shen Zhen You Li (Hui Yang), KRÖNYO, and Mohawk are the key vendors included in this report.

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