Epoxy Glue to Witness a CAGR of Around 5%
According to latest research by Fact.MR, epoxy glue is set to witness high growth during 2021-2031. Demand for epoxy glue will witness steady growth in forecast period (2022 – 2031).
Globally growing use of plastic and other heavy metals in construction projects have been triggering the epoxy glue sales.
Asia Pacific is the largest market for epoxy glue. Asia Pacific holds more than 30% share of global epoxy glue.
The demand in Asia Pacific is expected to grow at rapid pace in forecasted period (2022 – 2031), as number of activities will be increasing in end use industry.
Demand for epoxy glue in Asia Pacific is followed by rising electronic industry and aerospace industry.
Growing electronic and aerospace industry in countries like China, India, South Korea and Japan will boost the requirement for strong adhesion, which in turn is expected to benefit epoxy glue growth globally.
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Who are the Key Manufacturers and Suppliers of Epoxy Glue?
Some of the leading manufacturers of epoxy glue include
Henkel
Permabond
The Gorilla Glue Company
3M Company
Ardex
MG Chemcials
MAPEI
5M
Epotek
Shenzhen Zhengdasheng Chemical Co. Ltd.
SHENZHEN MEITAIBANG CHEMICAL CO. LTD.
SHENZHEN TIANMAXUN TECHNOLOGY CO.LTD.
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Key Segments
Based on Product Type, Epoxy glue is segmented into:
One-component
Two-component
Based on Application Outlook, Epoxy glue is segmented into:
Circuit Board
Plastics
Flooring
Furniture
Doors & windows
Housing components
Aircrafts
Drones
Metals
Others
Based on End User Type, Epoxy glue is segmented into:
Aerospace and Defense
Automotive
Marine
Electrical and Electronics
Construction
Energy and Power
Other End Users
Based on Sales Channel Type, Epoxy glue is segmented into:
Retail Sale
Distributor Sale
Direct Sale
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Epoxy glue Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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Slowdown in End User Industries Likely to Affect Epoxy Glue Sales
Automobile, electronic and aerospace industries are three of the sectors badly impacted by Covid-19. Epoxy glue being significantly dependent on aerospace, automobile and electronics industry, the demand has been severely impacted amid crisis.
Manufacturers are facing issues in procurement of raw materials like chemicals from others countries due to the trade restrictions between countries, while companies are also facing issues in delivering their products to international clients.
Read More Trending Reports of Fact.MR http://www.globenewswire.com/en/news-release/2020/03/26/2007055/0/en/Permanent-Magnets-Market-to-Register-8-5-CAGR-Through-2029-Opportunities-Emerge-with-Electronics-and-Smart-Device-Production-Says-a-New-Fact-MR-Report.html
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