2K Epoxy Adhesives Market Size By Type, Application Analysis, Key opportunities and challenges, Forecast By 2030

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2K Epoxy Adhesives Market Share by Industry
Expansion, Cost Structure, Development Status,
Opportunities Analysis
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Global Market Scenario of 2K Epoxy Adhesives
Industry
According to the recently published Global Market
Insights Inc. report, the 2K epoxy adhesives
market size could exceed USD 14 billion by
2030. The global 2K epoxy adhesives market has
been on a roll for quite a period and is expected
to register unprecedented growth in the coming
years. The principal factor spurring the demand
for two-component epoxy adhesives is their
capability to bond together any similar or
dissimilar surfaces. They boast incredible
features such as versatility, durability,
dimensional stability, excellent electric
insulation, moisture tightness, and superior
chemical and heat resistance. To that end, these
products find major applications across several
industry verticals ranging from construction and
consumer durables to automobiles and aerospace.
The escalating construction activities across
the commercial, industrial, and residential
sectors will have a profound impact on product
sales in the foreseeable future. An increasing
number of strategic tactics are being undertaken
among leading shareholders, which may help the
industry record appreciable growth during the
projection timeframe.
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Continue-
Listed ahead are some noteworthy factors
influencing the industry landscape. Increasing
investments in infrastructure development The
global population has been expanding at a
considerable growth rate, leading to the
fast-paced development of industrial, commercial,
and residential spaces across urban regions. The
aging infrastructure across countries such as the
U.S. and UK has surged the demand for maintenance
and reconstruction activities, bolstering the
two-factor epoxy adhesives industry
revenues. Estimations suggest that every 1 in 5
miles of major roads and highways and about
45,000 bridges in the United States are in poor
condition. Owing to these factors, governments
across several developed and developing economies
have been making significant investments to
streamline infrastructure development and
redevelopment projects. For instance, in
November 2021, the US government rolled out the
Bipartisan infrastructure law, which seeks to
invest almost 110 billion in additional grants
to rebuild roads and bridges and subsidize major,
transformational projects across the country.
Such investments are expected to create new
growth prospects for the construction sector,
thus increasing the 2K epoxy adhesives industry
share.
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360 Industry Analysis
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Growing strategic alliances among the leading
industry partakers In October 2020, Pidilite
Industries Ltd., an iconic brand, and a leader in
the Epoxy Adhesives market inked a definitive
agreement with a US-based chemical manufacturer,
Huntsman Group, to acquire 100 shareholding in
Huntsman Advanced Material Solutions Pvt. Ltd.,
one of the latters subsidiaries in India. The
deal amounts to approximately USD 262.9 million
(2100 crore rupees) and comprises a trademark
license for ASEAN countries, Africa, and the
Middle East, along with the Indian Subcontinent
business. The implementation of more such moves
will help players in the 2K epoxy adhesives
industry expand their product offerings, thereby
strengthening their global footprint.
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Competitive Analysis
Rapid expansion of the consumer electronics
market The consistent improvement in the
socio-economic conditions and the subsequent rise
in disposable incomes of expanding middle-class
populace across the globe has surged the demand
for advanced electronic devices. The application
of 2K epoxy adhesives in electronic appliances
offers a range of benefits, including superior
bonding capabilities, chemical resistance, and
electrical performance. As per the Retailers
Association of India (RAI) estimates, the
consumer electronics, and appliances sales in
India in Q3 2021 registered a growth of almost
23.5 compared to the corresponding period in
2020. These estimations indicate strong product
adoption in the forthcoming years, Coupled with
the emerging smart and connected home trends,
this may foster an increase in the demand for 2K
epoxy adhesives. 2K epoxy adhesives are also
widely integrated across the aerospace sector
gasketing, bonding thread locking, and
tamper-proofing applications due to their
unmatched strength and mechanical stability. In
addition, the capability of these products to
resist failure during vehicle collision may boost
their demand across the automotive sector, thus
supporting industry growth.
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