Epoxy Adhesives Global Market Report 2023

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

LONDON, GREATER LONDON, UK, December 18, 2023 /EINPresswire.com/ -- Embark on a journey through the evolving landscape of the global epoxy adhesives market, witnessing its ascent from $7.97 billion in 2022 to $8.57 billion in 2023, driven by a compelling Compound Annual Growth Rate (CAGR) of 7.5%. As the trajectory continues, the market is poised to reach $10.89 billion in 2027, sustained by a projected CAGR of 6.2%. Explore the pivotal trends, market dynamics, and major players shaping the future of epoxy adhesives.

Urbanization: Catalyst for Epoxy Adhesive Surge
A significant driver propelling the growth of the epoxy adhesive market is the ongoing process of urbanization. Urbanization, characterized by the influx of people into urban areas, leads to the expansion of cities and urban regions. This phenomenon contributes to the growth of epoxy adhesives, extensively utilized in diverse industries such as building and construction, automotive, transportation, marine, electrical, and electronics. The World Bank reports that over 50% of the global population resided in cities in 2022, and this number is anticipated to double, reaching 6 billion by 2045. The surge in urbanization is poised to be a key factor fueling the expansion of the epoxy adhesive market.

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Major Players: Architects of Adhesive Advancements
At the forefront of epoxy adhesive innovations stand major players shaping the industry's landscape:
• 3M Company
• Ashland Inc.
• Henkel AG
• Sika AG
• DuPont de Nemours Inc.
• H.B. Fuller Company
• Mapei SPA
These industry leaders play pivotal roles in advancing epoxy adhesive technologies and applications globally.

Technological Innovation: Pioneering the Future
A key trend gaining momentum in the epoxy adhesives market is technological innovation. Leading companies in the market are investing in research and development to introduce new and innovative products, strengthening their market positions. Noteworthy is Toyo-Morton Ltd.'s launch of a laminating adhesives portfolio with food-safe products in June 2022. This innovative offering is free of epoxy silanes and organic tin compounds, catering to applications in multilayer flexible packaging, including dry food, liquid pouches, and high-performance retorts. Technological advancements continue to be a driving force propelling the epoxy adhesives market forward.

Regional Dynamics: Asia-Pacific Leading the Way
In 2022, Asia-Pacific emerged as the largest region in the epoxy adhesives market, steering its growth. The region is anticipated to be the fastest-growing during the forecast period. Comprehensive coverage includes Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Segmentation Insights: Navigating Epoxy Adhesive Realms
The epoxy adhesives market unfolds its diversity through meticulous segmentation:
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

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Epoxy Adhesives Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Epoxy Adhesives Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on epoxy adhesives market size, epoxy adhesives market drivers and trends, epoxy adhesives market major players, epoxy adhesives market competitors' revenues, epoxy adhesives market positioning, and epoxy adhesives market growth across geographies. The epoxy adhesives market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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