Global Epoxy Adhesives market growth 2024, Forecast To 2033

The epoxy adhesives market has demonstrated strong growth, progressing from $8.35 billion in 2023 to $8.87 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period is attributed to industrial and construction growth, the increasing demand for repair and maintenance, consumer electronics requirements, the lightweighting trend in the automotive sector, and the implementation of smart manufacturing. Anticipating sustained strong growth in the next few years, the market size is expected to reach $11.27 billion in 2028, supported by a consistent CAGR of 6.2%. Growth in the forecast period is attributed to an increased focus on sustainability and environmental concerns, the growth of electric vehicles (EVs), the development of renewable energy infrastructure, the expansion of aerospace applications, and the incorporation of advanced composite materials. Major trends in the forecast period include ongoing technological advancements, the formulation of sustainable epoxy adhesives, the development of bio-based epoxy adhesives, initiatives in miniaturization and microelectronics, and the exploration of hybrid epoxy systems.