Growing Demand from Automotive Industry to Propel Market Growth
Epoxy adhesives are used in the automotive industry for structural bonding, i.e. wherever strong and long-lasting bonds are required. The majority of the current automotive bonding applications are of epoxy adhesives. Thus, the epoxy adhesives market is directly related to the automotive production. The recent advancements in the adhesives technologies are aiding automobile manufacturers in the production of lightweight and fuel-efficient vehicles. Furthermore, Europe is the home for many of the major automotive producers and has many manufacturing plants scattered across the region. This surge in the automotive industry in the region is expected to increase the demand for epoxy adhesives.
Construction Expected to be the Largest End-user Segment
Construction accounted for close to 30% of the total market share in 2017. Epoxy adhesives are used for joining concrete, brickwork, masonry, elastomeric bearings, timber, ceramic tiles, aluminum, and steel. Moreover, with the increasing applications of plastics, wood, and composites in buildings, the application of epoxy adhesives in construction is also on the rise. Furthermore, the application of epoxy adhesives in pre-stressed concrete is also increasing. The recovering construction industry in the region is expected to further boost the demand for adhesives used in construction industry.
Germany to be the Dominant Region
Germany, with its high-class R&D infrastructure and powerful manufacturing base, is likely to continue to be a big aerospace manufacturing hub in the future. It is expected that around 30-35 thousand aircrafts will be operational within the next 20 years. Moreover, the automotive industry is a large sector in Germany, accounting for 20% of the total German industry revenue. Additionally, the electronics industry of the country is the largest in Europe and the fifth-largest in the world. The industry manufactures more than 100,000 different types of electronic items, ranging from components to household appliances, medical equipment, etc. This significant growth is expected to propel the demand for epoxy adhesives and will contribute to the growth of the market.
Notable Developments in the Market
September 2017: H.B. Fuller Company to acquire Royal Adhesives and Sealants.
August 2016: Adhesives division of Alfagres S.A. has been acquired by Henkel AG & Co. KGaA.
Major Players: Henkel AG & Co. KGaA, H.B. Fuller Co, SIKA AG, and Lord Corp, among others.
Reasons to Purchase this Report
- To understand the impact of VOC regulations on the market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- To understand the dominating end-user in the market
- To identify the countries expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Accelerating Demand from Automotive Industry
4.1.2 Growing Demand for Miniaturized and Lightweight electronics
4.2.1 Stringent Environmental Regulations Regarding VOCs
4.3.1 Increasing Applications and Rising Awareness of Structural Adhesives
4.3.2 Recovering Construction Industry in Europe
5. Market Segmentation and Analysis (Market Size, Growth and forecast)
5.1 By End-user Industry
5.1.1 Aerospace & Defense
5.1.4 Electrical & Electronics
5.1.6 Energy and Power
5.2 By Product Type
6. Regional Market Analysis (Market Size, Growth and Forecast)
6.2 United Kingdom
6.7 Rest of Europe
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
9.2 AdCo UK Limited
9.3 Adhesive Technologies Corp.
9.4 Alfa International Corporation
9.5 American Chemical Inc.
9.6 Arkema Group (Bostik SA)
9.7 Ashland Inc.
9.8 Avery Dennison Corp.
9.9 Benson Polymers Ltd
9.10 BÜHNEN (Germany)
9.11 Chemence Ltd.
9.12 Collano Adhesives AG
9.13 Cyberbond LLC
9.14 DELO Industrial Adhesives
9.16 Dow Corning Corporation (U.S.)
9.18 H.B. Fuller Co.
9.19 Helmitin Adhesives
9.20 Henkel AG & Co. KGaA
9.21 Hexcel Corporation
9.23 Huntsman Corp.
9.24 ITW Performance Polymers (Illinois Tool Works Inc.)
9.25 Jowat AG
9.26 LORD Corp.
9.28 Mapei Spa
9.29 Master Bond
9.30 Permabond Engineering Adhesives Ltd
9.31 Pidilite Industries Ltd
9.32 Royal Adhesives and Sealants
9.33 RPM International
9.34 Sika AG
9.35 Super Glue Corp.
9.36 Tesa SE (A Beiersdorf Company)
9.37 Wacker Chemie AG
*List not exhaustive
**Subject to availability of public domain
- AdCo UK Limited
- Adhesive Technologies Corp.
- Alfa International Corporation
- American Chemical Inc.
- Arkema Group (Bostik SA)
- Ashland Inc.
- Avery Dennison Corp.
- Benson Polymers Ltd
- BÜHNEN (Germany)
- Chemence Ltd.
- Collano Adhesives AG
- Cyberbond LLC
- DELO Industrial Adhesives
- Dow Corning Corporation (U.S.)
- H.B. Fuller Co.
- Helmitin Adhesives
- Henkel AG & Co. KGaA
- Hexcel Corporation
- Huntsman Corp.
- ITW Performance Polymers (Illinois Tool Works Inc.)
- Jowat AG
- LORD Corp.
- Mapei Spa
- Master Bond
- Permabond Engineering Adhesives Ltd
- Pidilite Industries Ltd
- Royal Adhesives and Sealants
- RPM International
- Sika AG
- Super Glue Corp.
- Tesa SE (A Beiersdorf Company)
- Wacker Chemie AG