With the emergence and long-term Impact of COVID-19, the Global Epoxy Adhesive Market is to reach USD 13.59 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on the Global Epoxy Adhesive Market is poised to raise up to USD 13.59 Billion by 2030. Epoxy is used to adhere or join a range of surfaces together with a strong, permanent, and robust bond. Epoxy is used to bond a wide range of substances such as metal, glass, wood, ceramics, tile, and concrete. The growing demand in the automotive and Construction industry are the key factors responsible for the market growth over the forecast period 2023-2030. The primary key factor anticipated to accelerate the growth of the Epoxy Adhesive Market is higher demand in the automotive and Construction industry.
According to the Global Construction 2030 Report, the construction industry across the globe is expected to grow by 85% and is projected to reach USD 15.5 trillion by 2030. and According to the automobile dealers association, In Sep 2020, automotive retail sales in India increased by 11.66%. Also, increasing investment in infrastructure development is creating a lucrative growth prospectus for the market over the forecast period. Moreover, increasing digitalization in the chemical industry and increasing technological adoption and internet availability are anticipated to create a positive outlook for the market. However, strict rules and regulations to produce chemical products stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Epoxy Adhesive Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia-Pacific dominated the market in terms of revenue owing to factors such as Increasing investments in the energy and automotive industries and increased technological advancement in mechanical equipment in the region. North America is the fastest-growing region due to the increasing demand in the End user industry and increasing demand for electrical devices such as smartphones, healthcare, and electric cars etc.
The global Epoxy Adhesive Market is highly competitive owing to the presence of several key manufacturers such as 3M Company, Arkema S.A. Group, H.B. Fuller Company, Henkel AG & Co. KGaA, Sika AG, Permabond Engineering Adhesives Limited, Dupont de Nemours, Inc, and others.
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Global Epoxy Adhesive Market Size study & Forecast, by End User (Aerospace, Automotive, Building And Construction, Footwear and Leather, Healthcare, Packaging, Woodworking And Joinery), by Technology (Reactive, Solvent-borne, UV Cured Adhesives, Water-borne) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Epoxy Adhesive Market is anticipated to grow with a healthy growth rate of more than 5% over the forecast period 2023-2030.
- In the End User segment, automotive emerged as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth owing to growing investments in the energy and automotive industries.
- North America is expected to grow at a high CAGR followed by Asia Pacific during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By End User:
- Building And Construction
- Footwear And Leather
- UV Cured Adhesives
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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