EMEA Epoxy Adhesives Market To Reach $2,768.9 Million By 2030

EMEA Epoxy Adhesives Market Growth & Trends

The EMEA epoxy adhesives market is expected to reach USD 2,768.9 million by 2030, as per the new report by Grand View Research, Inc. The growth in the electric vehicles industry in the EMEA region is expected to have a significant impact on the demand for epoxy adhesives.

Epoxy adhesives are used extensively in the assembly of electric vehicles, such as in the bonding of battery components and connecting them to the electronic control system of the vehicle. As the electric vehicles market expands in the EMEA region, the demand for the product is likely to increase as well.

In addition, the EMEA region's increasing focus on sustainability and reducing carbon emissions is driving the transition to electric vehicles. Epoxy adhesives are known for their durability and strength, which are essential properties required for the assembly of electric vehicles that can last for many years. They can contribute to sustainability by reducing waste and increasing the longevity of the components they bond, which aligns with the growing trend toward a circular economy.

Furthermore, the challenges faced by the epoxy adhesives market industry include fluctuations in prices of raw materials and production costs, competition from other suppliers, and varying demand for the product due to changes in the manufacturing and energy sectors. These factors can impact the growth of the industry and affect market trends. Additionally, technological advancements in renewable energy and electronics manufacturing can lead to changes in demand and production methods, further impacting the market.

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EMEA Epoxy Adhesives Market Report Highlights

• Europe emerged as the fastest growing region with a CAGR of 6.0% from 2023 to 2030, due to the increasing production of electric vehicles.

• One component emerged as the fastest growing type of segment with a CAGR of 6.4% from 2023 to 2030. Because these adhesives are commonly used in a wide range of industries, including construction, automotive, and electronics, due to their excellent bonding strength, durability, and resistance to chemicals and heat.

• Automotive & transportation emerged as the fastest growing application segment with a CAGR of 6.3% from 2023 to 2030. High strength, durability, and excellent bonding characteristics of epoxy adhesives make them ideal for structural applications in automotive & transportation industry.

• In July 2022, H.B. Fuller acquired Fourny NV, aimed at expanding its market presence and enhancing its ability to offer innovative and effective adhesive solutions to customers in the construction sector in Europe.

• Companies such as 3M, Bostik, H.B. Fuller, and Henkel are leading epoxy adhesive manufacturers. The market has the presence of numerous established players who are integrated across different stages of the value chain

EMEA Epoxy Adhesives Market Segmentation

Grand View Research has segmented the EMEA epoxy adhesives market report on the basis of basis of type, application, and region:

EMEA Epoxy Adhesives Type Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

• One Component

• Two Component

• Others

EMEA Epoxy Adhesives Application Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

• Automotive & Transportation

• Building & Construction

• Power & Energy

• Electrical & Electronics

• Other Applications

EMEA Epoxy Adhesives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Europe

• Germany

• U.K.

• France

• Spain

• Italy

• Russia

• Turkey

• Middle East & Africa

• Saudi Arabia

• UAE

• South Africa

• Iran

• Egypt

List of Key Players in the EMEA Epoxy Adhesives Market

• 3M

• Ashland

• Bostik

• Dow

• H.B. Fuller Company

• Henkel AG & Co. KGaA

• Mapei S.p.A0.

• Parker Hannifin Corp.

• Permabond LLC

• Sika AG