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2K Epoxy Adhesives Market Size, By End Use (Building & Construction, Transportation, Automotive, Aerospace OEM, Wind Energy, Marine, Electronics, Others), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2030

  • Report ID: GMI5316
  • Published Date: Aug 2022
  • Report Format: PDF

Industry Overview

2K Epoxy Adhesives Market size was estimated at over USD 10 billion in 2021 and is projected to exceed 4% CAGR between 2022 to 2030. Rapid growth in the construction industry may fuel the global market growth.
 

2K Epoxy Adhesives Market

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Growing consumer inclination toward innovative home appliances and smart home automation will propel the demand for two-component (2K) epoxy adhesives in the electronics sector. These substances are used across several electronics appliances as they exhibit exceptional bonding capabilities, chemical resistance, and electrical performance. They are well-suited for use in battery sealants, magnet bonding and electronics.
 

Leading electronics manufacturers worldwide are exploring strategic collaborations to drive new advancements in consumer electronics and smart home space. An increase in disposable income across both developed and developing countries will fuel the demand for new smart appliances. A rise in the purchase of such devices will boost the consumption of two-part epoxy adhesives and other key raw materials.
 

The imposition of stringent environmental norms could be a key factor restraining the 2K epoxy adhesives market growth. Production of solvent-based adhesives such as acrylic adhesive, epoxy adhesive, and others involves blending of an adhesive with a compatible solvent, which then results in an adhesive polymer solution. Carbons present in these solvent-based adhesives are responsible for emitting volatile organic compounds (VOCs), which are associated with environmental degradation, and human health hazards.
 

Several governments, particularly in North America, have imposed strict regulations compelling manufacturers to curb the level of VOCs emitted from adhesives. As a result, consumers and manufacturers are becoming reluctant toward solvent-based adhesives. Nonetheless, technological innovations will favor product uptake over the coming years.

 

Growing use of 2K epoxy adhesives in aircraft as lightweight materials

2K Epoxy Adhesives Market, By Application,

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In terms of end-use, the 2K epoxy adhesives market is classified into transportation, aerospace OEM, building and construction, automotive, electronics, marine, wind energy, and others. The aerospace sector uses these adhesives in the form of 2K epoxy glue solutions across various utility cases such as to bind the rotor blades of helicopter. Due to their unique mechanical stability and strength, these adhesives are widely used in aircraft & aircraft components, spacecraft, and commercial airlines. Based on volume, the market share from aerospace OEM end-users is expected to go beyond 55-kilo tons by 2030.
 

2K epoxy adhesives are used for bonding, tamper-proofing, thread locking, and gasketing, among others in the aerospace sector. It is an effective bonding solution commonly used on overhead lockers and convenient seat trays, along with the inside as well as outside of an engine compartment. The substance offers a wide range of benefits including reduction of fuel cost and enhanced flexibility since it weighs less than mechanical fasteners. They are ideal in aerospace applications owing to weather-resistant and chemical-resistant properties along with the ability to reduce stress on other components through consistent bond lines.
 

Automotive applications to augment APAC 2K epoxy adhesives industry size

2K Epoxy Adhesives Market, By Region,

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Asia Pacific 2K epoxy adhesives market size is anticipated to surpass USD 5 billion by 2030. APAC is expected to become a lucrative business avenue for epoxy adhesive suppliers and manufacturers as the product is used across multiple applications in the marine, aerospace, automotive, construction, and consumer electronics sectors. These substances hold advanced adhesion capabilities, strong resistance to chemicals, high strength and majority of other external factors which make them an ideal fit across a broad spectrum of end-users.
 

The expanding automotive sector will be a key driver boosting 2k epoxy adhesive consumption in APAC. As per the OICA, in 2021, the combined vehicle production across China, India and Japan was more than 38.5 million. It indicates the considerable potential for the demand for adhesive materials and equipment to help bond automobile components.
 

New partnerships & collaborations to foster 2K epoxy adhesives industry outlook

Henkel AG, H.B. Fuller Company, 3M, DuPont, Arkema Corporation, Huntsman Corporation, Sika Corporation, Panacol-Elosol GmbH, Arkema Corporation, Cemedine Co., Ltd., Weicon GmbH & Co. KG, Three-Bond Co., Ltd, Permabond LLC, Parson Adhesives Inc, Uniseal Inc, Illinois Tool Works Inc (ITW), Lord Corporation, Valtech Corporation, Mapei S.p.A and Master Bond Inc are some of the prominent 2K epoxy adhesives manufacturers and suppliers worldwide. These companies are initiating new partnerships and collaborations with other firms to expand their product portfolio.
 

For instance, in January 2019, Henkel Adhesive Solutions announced a partnership with RLE International to boost research and innovation in the automotive sector. The partnership allowed both parties to amalgamate their research and technological expertise, to design unique e-mobility concepts and lightweight innovations.
 

Impact of COVID-19 on the 2K epoxy adhesives market trends

The COVID-19 pandemic had a slightly negative impact on the 2K epoxy adhesives industry. The pandemic significantly disrupted supply chains with a shortage in epoxy resins. Supply shortages coupled with soaring raw material prices spurred overall production costs rendered by the manufacturers. Various regulations and norms to curb coronavirus transmission hampered the productivity of industry end-users, thereby reducing the demand for 2K epoxy adhesives. However automotive trends such as rising demand for electric vehicles along with consumer inclination toward smart homes will reinforce the industry growth over the coming years.
 

The 2K epoxy adhesives market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2017 to 2030 for the following segments:

By End Use

  • Building & Construction
  • Transportation
  • Automotive
  • Aerospace OEM
  • Wind Energy
  • Marine
  • Electronics
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

 

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The global market for 2K epoxy adhesive size was over USD 10 billion in 2021 and is estimated to witness over 4% CAGR from 2022 to 2030.

The 2K epoxy adhesives market share from aerospace OEM end-users is expected to be over 55 kilo tons by 2030, with the increasing demand for fuel-efficient lightweight aircraft components.

Asia Pacific 2K epoxy adhesive market size is projected to exceed USD 5 billion by 2030 on account of widespread product demand across the construction, automotive, transportation, electronics, and aerospace sectors.

Some of the key 2K epoxy adhesive industry players are Henkel AG, H.B. Fuller Company, 3M, DuPont, Arkema Corporation, Huntsman Corporation, Sika Corporation, Panacol-Elosol GmbH, Arkema Corporation, Cemedine Co., Ltd., and Three-Bond Co., Ltd, among others.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 13
  • Tables & Figures: 101
  • Countries covered: 17
  • Pages: 200

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