North America Epoxy Adhesives Market 2018-2023: Accelerating Demand from Mexican Automotive Industry Driving the Market - ResearchAndMarkets.com
Jun. 06, 2018
DUBLIN--(BUSINESS WIRE)--Jun 6, 2018--The "North America Epoxy Adhesives Market - Segmented by Resin Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The major factors driving the market are the growing demand from the Mexican automotive industry and the growing demand for miniaturized and lightweight electronics. However, the stringent regulation regarding the VOC emissions and the sluggish growth of the automotive industry in the United States and Canada are expected to hinder the market growth.
The epoxy adhesives, owing to their high tensile strength, stable structural bonding properties, and the ability to sustain in constant loads as well as changing environmental conditions, is becoming an integral part of various commercial and industrial sectors.
Accelerating Demand from Mexican Automotive Industry Driving the Market
The automotive industry of Mexico is among the top 10 producers across the world. The industry is experiencing a significant growth due to the cheap labor and low operating costs. It has witnessed a year-on-year growth of 13% in 2017 when compared with 2016. The industry is consistent in its growth and has a significant share in the GDP. Since automotive is one of the major applications for epoxy adhesive, the growth in the automotive industry is expected to contribute to the demand for epoxy adhesives.
Building & Construction is the Dominant End-user Industry
The commercial construction in the United States has been increasing in the form of offices, malls, restaurants, etc. Additionally, the construction of super-tall skyscrapers, measuring over 984 feet, are currently under construction in Chicago, Los Angeles, New York, and San Francisco, while the other cities, like Boston, Austin, and Philadelphia, are also boosting the commercial construction activities in the United States. In commercial construction, a major growth was witnessed in the healthcare, commercial, and office buildings. The investment in the transportation, communication, and power infrastructure has also witnessed growth in 2016 and 2017. This trend is expected to contribute to the demand for epoxy adhesives market.
United States Showing a Positive Growth
The United States is experiencing a growth in the electrical & electronics industry. The country witnessed a positive growth in electronics mainly due to the 10% increase in the FDI in electronics and the increasing demand for electric vehicles. This will contribute to the market for electronic adhesives during the forecast period. Moreover, the residential and non-residential construction is also witnessing a growth due to private investments. This is expected to contribute to the market for epoxy adhesives during the forecast period. However, the automotive production in the country has witnessed a year-on-year decline of 8.13% in 2017. This may have a negative effect on the consumption of epoxy adhesives in the country.
Major Players: Henkel AG & Co. Kgaa, H.B. Fuller, 3M, Arkema, Sika AG, and DowDuPont Inc., among others.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis (Market size, Growth, and Forecast)
6. Regional Market Analysis (Market size, Growth, and Forecast)
7. Competitive Landscape
8. Company Profiles3M Co. Adhesive Technologies Corp. Alfa International Corporation American Chemical Inc. Arkema Group (Bostik SA) Ashland Inc. Avery Dennison Corp. Benson Polymers Ltd. Collano Adhesives AG Cyberbond Llc DELO Industrial Adhesives DowDuPont Inc. Dymax 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. Mactac Mapei Spa Master Bond Royal Adhesives and Sealants RPM International Sika AG Wacker Chemie AG
For more information about this report visit https://www.researchandmarkets.com/research/gs9m56/north_america?w=4
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Related Topics:Adhesives and Sealants
KEYWORD: NORTH AMERICA
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 06/06/2018 10:37 AM/DISC: 06/06/2018 10:37 AM