PUNE, India, October 21, 2015 /PRNewswire/ --
The report "Epoxy Adhesive Market by Type (One Component, Two Component & Others), by Material Type (Composite & Non Composite), by Application (Transportation, Automotive, Wind Energy, Marine, and Electrical & Electronics) - Global Forecasts to 2020", published by MarketsandMarkets, analyzes the Epoxy Adhesive Market with respect to the market drivers, restraints, opportunities, and challenges in different regions.
Browse 283 market Data Tables and 59 Figures spread through 213 Pages and in-depth TOC on "Epoxy Adhesive Market".
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Epoxy adhesives are adhesives which have their base polymer formed by the epoxy chemical group. Epoxy adhesives are available in one and two component variants. The major advantage of one component epoxy adhesives over two component epoxy adhesive is the fast rate of cure. It also has superior resistance against heavy loads or pressure. This superior resistance of one component epoxy is because of the heat energy applied to create a highly cross-linked structure in a short span of time.
The major driver identified for the global epoxy adhesive market is the growing transportation, automotive, and wind energy industries. The increasing penetration of composites in the automotive, transportation, and marine industries is driving the use of epoxy adhesives in these industries. Countries such as China, the U.S., and India are the major markets of epoxy adhesives. The market in the Middle East and Africa are also growing. In developed countries such as the U.S., Germany, Japan, and Italy, the market is growing at a low-to-moderate rate. The restraints for the market include volatility in raw material prices and regulations curbing the use of hazardous chemicals. The opportunities for the epoxy adhesives industry are growing demand for lightweight and fuel efficient vehicles. This report also covers important developments, expansions, partnerships & agreements, and mergers & acquisitions executed by leading global companies in the market.
The market size of epoxy adhesives, in terms of value, is estimated at USD 1.66 Billion in 2015 and is projected to reach USD 2.25 Billion by 2020, registering a CAGR of 6.3% between 2015 and 2020.
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Asia-Pacific is the largest market for epoxy adhesives, both in terms of volume and value, followed by North America and Western Europe. The key players in this market are Henkel AG (Germany), Huntsman (U.S.), the Dow Chemical company (U.S.), 3M Company (U.S.), Ashland Inc. (U.S.), Sika A.G. (Switzerland), Permabond (U.S.), Lord Corporation (U.S.), Illinois Tool Works Incorporation (U.S.), Weicon GmbH (Germany), and others.
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