Epoxy Adhesives Market Projected to Have a Stable Growth for the Next Few Years
by Devanshu Raizada A Digital Marketing ExecutiveEpoxy
adhesives are high strength adhesives, which are widely used across various
industries. They are made up of epoxy resins, which are made up of chemical
bisphenol. Epoxy adhesives can be used for adhesion of many substrates such as
wood, metals, plastics, glass and stones. These adhesives are capable of
reacting strongly with the mechanical and electrical insulating properties, and
chemical and heat resistance.
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On the basis
of type, the global epoxy adhesives market has been segmented into one
component, two component and others. One component is expected to be the
fastest growing segment in the global epoxy adhesives market due to its
superior properties such as quick curing time, solvent free, and consumer
friendly usage; however, the two component-based epoxy adhesives is expected to
witness high demand from the building and construction application.
The growth of
the global epoxy
adhesives market is hindered by environmental regulations prevailing in the European
countries. Under the European environmental law, there are more than 500
directives, regulations, and decisions related to an eco-friendly and green
environment. The major environmental acts include Planning and Development Act
2000, Protection of the Environment Act 2003, and Environmental Protection
Agency Act 1992.
The global
epoxy adhesives market is showcasing strong growth on account of the rising
demand and growing developments in the market. Key factors attributed to such
growth include improved living standards and growing usage of composites and
plastics in the construction industry.
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Geographically,
the global epoxy adhesives market has been segmented into North America, Europe
and Asia-Pacific. The Asia-Pacific region is expected to witness the highest
growth in the global epoxy adhesives market, due to increased population and
the growing demand for residential buildings. The rising demand for high
quality epoxy adhesive products with superior prolonged chemical and heat
resistance properties and electrical insulating characteristics have resulted
in the overall growth of the market. Additionally, the building and
construction application is contributing to the growing demand for epoxy
adhesives in the Asia-Pacific region.
The key players
operating in the global epoxy adhesives market include Henkel AG & Co.
KGaA, 3M Company, Sika A.G., Ashland Inc., The Dow Chemical Company, Lord
Corporation, Huntsman Corporation, Illinois Tool Works Inc., and Permabond LLC
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Created on Jul 12th 2019 04:52. Viewed 327 times.