Epoxy Adhesives Market worth 10.13 Billion USD by 2026
The report " Epoxy Adhesives Market by Type ( One-component , Two-component ), Application ( Building & Construction , Transportation , Automotive , Wind Energy , Marine , Electrical & Electronics ), and Region - Global Forecast to 2026 ", The global epoxy adhesives market is estimated to grow from USD 5.33 Billion in 2015 to USD 10.13 Billion by 2026 , at a CAGR of 6.63 % from 2016 to 2026 . The market is driven by the increasing trend towards the manufacture of light weight & low carbon emitting vehicles .
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Browse 249 market data tables and 56 figures spread through 215 pages and in-depth TOC on “ Epoxy Adhesives Market - Global Forecast to 2026 ” http :// www . marketsandmarkets . com / Market-Reports / epoxy-adhesive-market-142980020 . html Early buyers will receive 10 % customization on this report .
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Building & Construction : Largest application of the epoxy adhesives market
In 2015 , the building and construction application accounted for the largest market share in terms of volume , followed by the automotive application , which is majorly due to the higher acceptance and usage from the endusers . The building and construction industry has started using epoxy adhesives , with the increasing usage of composites , plastics and other higher strength metals . The growing urbanization due to the improved living standards of the population thus drives the global epoxy adhesives market .
One-component : The fastest growing type segment of the epoxy adhesives market
The one-component based epoxy adhesives market is estimated to grow at the highest CAGR from 2016 to 2021 , in terms of volume . The excellent properties of the one-component type adhesives such as , quick curing time , a solvent-less system , and consumer friendly usage , is driving the demand in this segment .
Asia-Pacific : The largest market for epoxy adhesives
Currently , the Asia-Pacific region is the largest market for epoxy adhesives , in terms of volume . China is the largest market for epoxy adhesives in the Asia-Pacific region . However , India and Thailand are the fastest-growing markets for epoxy adhesives in the region .
The following factors are the main driving forces for the epoxy adhesives market in the Asia-Pacific region :
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The increasing residential building & construction activities are driving the market in the Asia-Pacific region Growing manufacturing activities are expected to drive the demand for epoxy adhesives in the ASEAN countries
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