| Study Period | 2019 - 2030 |
| 2024 Market Size | USD 10.4 Billion |
| 2025 Market Size | USD 11.0 Billion |
| 2030 Forecast | USD 14.8 Billion |
| Growth Rate (CAGR) | 6.3% |
| Largest Region | Asia-Pacific |
| Fastest Growing Region | Asia-Pacific |
| Nature of the Market | Fragmented |
| Largest End User Category | Building & Construction |
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The global epoxy adhesive market size is USD 10.4 billion in 2024, and it is expected to reach USD 14.8 billion by 2030, demonstrating a CAGR of 6.3% during 2025–2030. This is ascribed to the surging demand for these adhesives from the cement, construction, automotive, manufacturing, woodwork, plastic, and marine industries.
The rapid urbanization and infrastructure developments in developing countries like China and India have resulted in the growth of the epoxy adhesives market, globally. Moreover, the development of the aerospace and automotive industries in major countries and the new trend of artistic wood products and eco-friendly products made of wood are driving the demand for epoxy adhesives.
The surging demand for these adhesives in the automotive & transportation industry for structural bonding applications is also responsible for the market growth. Auto manufacturers are inclined toward these adhesives due to their heat- and weather-resistant properties and rigid bonding feature, which aids in enhancing the structural integrity of vehicles. Hence, with the increasing demand for vehicles, the need for epoxy-based adhesives is also expected to rise in the coming years.
The building & construction sector is the largest end user of epoxy adhesives in the market with revenue of USD 4 billion, in 2024. This is attributed to the versatility of the adhesives in building and construction applications. These adhesives can be used for filling gaps, surface repairing, and laminating, and are also usable on various surfaces including bricks, cellular PVC, ceramics & porcelain, fiberglass, gypsum & drywall, medium-density fiberboard, metal, plywood, stainless steel, and wood and water-resistant tile. Further, the rise in maintenance and construction activities around the globe has intensified the use of these structural adhesives.
Wind energy is the fastest-growing category in the market, as these chemicals offer the much-needed flexibility, cohesive strength, and chemical and heat resistance to wind towers and blades. As per the International Energy Agency (IEA), 2022 was a record year for wind energy with energy generation increasing by 265 TWh, taking the total to over 2,100 TWh and capacity additions of 75 GW.
The end users analyzed are listed below:
The one-component category dominates the epoxy adhesive market, due to its superior properties such as quick-curing time and solvent-free composition. Moreover, one-component adhesives are ideal for use on assembly lines because, unlike two-component adhesives, no mixing is required, making the manufacturing process easier and more streamlined. However, two component-based epoxy adhesives are expected to witness high demand from building and construction applications in the coming years.
The two-component bifurcation will have the higher CAGR, of 7%, over the forecast period. This is because these formulations offer superior strength and bonds, better adhesion to substrates on which one-component adhesives are not as effective, and their cost-effectiveness. Other key drivers for this bifurcation are the growth in end-use industries, adoption of automated manufacturing technologies, rising focus on sustainability, and advancements in these formulations.
The following types have been studied:
The offline distribution channel dominates the market with 75% value hare in 2024, and it will also witness the higher CAGR in the forecast period. This is because it offers great flexibility in choosing different products and quality assessments. Furthermore, the construction and automotive industries source their required volume directly from dealers and suppliers and prefer wholesale shopping. Based on the industry analysis, the category is projected to hold more than 75% revenue share in the market in 2030.
The report offers analysis on the following distribution channels:
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APAC holds the largest market share, of 40%, and it is also the fastest-growing market, with 7.5% CAGR, due to its massive construction, automotive, electrical & electronics, and semiconductor industries. Moreover, epoxy adhesives are widely used in manufacturing and construction activities, which lead the regional market to maintain its dominant position in the coming years as well.
China contributes the most to the APAC market in terms of revenue. In the region, it is an emerging economy and is the largest country in terms of purchasing power parity, the second-largest economy in terms of nominal GDP, and one of the largest exporters of adhesives and sealants. Additionally, almost all major global adhesives and sealants manufacturing companies have their manufacturing plants in China. These aforementioned factors are responsible for its largest share in the regional market.
Other emerging countries in the region, including India, are witnessing a substantial increase in usage of adhesives and sealants, owing to the growing automotive industry and the increasing consumer population in these countries. Furthermore, low manufacturing and labor costs in these emerging economies attract new automotive players to invest in fast-growing markets and expand their business in the region.
Additionally, owing to the rising purchasing power of people, rapid urbanization, and government efforts to provide affordable housing, heavy investments in the construction of hotels, apartments, offices, retail centers, and civic infrastructure are being poured. Additionally, the changing lifestyle of people has resulted in the increasing demand for housing, which has further fueled the demand for adhesives.
Europe holds the second position, as the demand for adhesives from the automotive and aerospace sectors is high in the region.
Germany is the leader in the European market. The country accounts for approximately one-third of all passenger cars manufactured within the European region, and also it has the largest concentration of OEMs of automobiles, owing to the existence of sophisticated automotive technologies. Due to the large concentration of automotive manufacturers and high exports of German-built automobiles to Asian and Eastern European countries, the consumption of automotive adhesives and sealants in Germany is expected to rise over the forecast period.
In North America, the U.S. is the larger market. The construction industry is a significant contributor to the U.S. economy. The significant growth in the construction industry is responsible for the rise in demand for epoxy adhesives in the country. Furthermore, the surging demand for automobiles will significantly add to the growth of the market. Car sales in the U.S. will reach around 18 million by 2025. In 2023, auto production in the country reached 10,611,555 units, rising by 6% from the previous year.
The following are the regions and countries covered in the report:
The epoxy adhesive market is fragmented as these chemicals are not hard or capital-intensive to produce. Therefore, a large number of small and large companies are able to produce them in appreciable quantities and register significant sales. There are also no stringent regulations on these chemicals, which is why small, local companies make good business in emerging economies. Additionally, formulations differ significantly depending on the actual industry and applications, with different players catering to varying uses. The fact that less technical expertise and capital are required for their production presents low entry barriers for new companies and startups.
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