2K Epoxy Adhesives Market Size

2K Epoxy Adhesives Market Size

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.

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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.