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The global market for epoxy adhesives is projected to grow at a CAGR of 6.63% from 2016 to 2026. The demand for lighter vehicles, have had manufacturers switch from the traditional mechanical fasteners to light weight and more efficient adhesives, which is driving the global epoxy adhesives market. The stringent environmental regulations in the European countries are restraining the epoxy adhesives market.
The wind energy segment is projected to be the fastest-growing application segment of epoxy adhesives, from 2016 – 2026. The growing transportation sector is driving the demand for epoxy adhesives in buses, trucks, rail and aerospace.
In 2015, the Asia Pacific region was the largest epoxy adhesives market, in terms of volume. It is estimated to retain the market leadership during the forecast period. China and Japan are the two major markets for epoxy adhesives in this region.
The increasing residential building & construction activities are driving the market in the Asia Pacific region, resulting in a high demand for epoxy adhesives. In addition, the growing manufacturing activities are likely to drive the demand for epoxy adhesives in the ASEAN countries.
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