Summary
Asia Pacific Epoxy Adhesives Market-Segmented by Product Type , End-user Industry and Countries- Trends and Forecasts ( 2017-2022 )
Description
The APAC Epoxy Adhesives Market was valued at USD 0.91 billion in 2015 and is projected to reach USD XX billion by 2020 , at a CAGR of 6.21 % during the forecast period from 2015 to 2020 . Epoxy adhesives are polymer based adhesive . With their ability to stick to wide variety of materials , resistance to chemicals and environment , high tensile strength , and ability to resist to creep under constant load , makes them the extensively used structural adhesives . They are used for both heat curing and room temperature curing systems . Majority of the epoxy adhesive formulation uses modifiers to enhance the toughness and flexibility of the adhesives , while uncured or unmodified adhesives cure hard and brittle solids .
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Epoxy adhesives , owing to their high tensile strength , stable structural bonding properties , and ability to sustain in constant loads and changing environmental conditions , is becoming an integral part of various commercial and industrial sectors . In the APAC Epoxy Adhesives market report , we have taken the following major end-user sectors into consideration : Aerospace and Adhesives , Automotive , Electrical and Electronics , Construction , and Marine . The Electrical and
Electronics segment accounted for more than XX . XX % share of the APAC Epoxy Adhesives market in 2015 . Electrical and Electronic segment is expected to be the fastest growing segment in the market , owing to increasing usage of PCBs in automobiles and rising usage in the development and manufacturing of electric vehicles .
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This market is driven by a number of factors , such as the growing demand from wind energy application , accelerating demand from the construction industry , and rapid growth in the automotive industry . However , this market faces certain drawbacks , such as volatility in the raw material prices and stringent regulations for usage in specific sectors . These factors may act as a roadblock to the growth of the market .
The APAC Epoxy Adhesives market , on the basis of product type can be segmented into one component and two component . The market has also been geographically segmented into China , India , Japan , South Korea , Australia and New Zealand , and Rest of APAC . In terms of consumption in 2015 , China led the market with a share of XX . XX %. With the improvement in the financial status of the consumers , the purchasing power of the middle class consumers has increased , which in turn is increasing the demand for automobiles and buildings in the Asia-Pacific region , in turn making the region an area of immense
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