Epoxy
adhesives are high strength adhesives used extensively across various
industries. They are made of epoxy resins, which are in turn made up of
the chemical bisphenol A. Epoxy adhesives can be used for adhesion of
numerous substrates such as wood, metals, plastics, glass and stones.
After application, epoxy adhesives require time for curing or setting.
This can be done with the help of heat or by exposure to ultra violet
light or at room temperature. The epoxy adhesives cured by exposure to
ultra violet light are used to manufacture fiber optics and opto
electronics. Epoxy adhesives have strong adhesion which makes them the most commonly used structural adhesives.
Epoxy
adhesives find extensive use in aerospace, automotive, building &
construction and semiconductor industry. Of these industries, aerospace
and semiconductor industries are the two major consumers of epoxy
adhesives. The growth of the aerospace industry is a key driver for the
growth of epoxy adhesives market. The blades of aircrafts are joined
using epoxy adhesives. Due to the superior mechanical properties of
epoxy adhesives, such as resistance to creep under sustained load,
temperature and pressure variations, they are the adhesives of choice
for the aerospace industry. The semiconductor industry makes use of
epoxy adhesives to manufacture printed circuit boards, integrated
circuits and transistors. The semiconductor industry is growing
exponentially due to the increase in usage of electronic gadgets. This
is driving the market of epoxy adhesives. However, the application of
epoxy adhesives must be carried out with protective gear owing to the
toxic fumes which are emitted during its application. Technological
advances to make the adhesives safer for humans during application are
expected to open new areas of opportunity for the market of epoxy
adhesives.
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China,
Germany, the U.S and U.K are major consumers of epoxy adhesives. The
aerospace and semiconductor industry in these countries are the largest
markets of epoxy adhesives. The growth of this market is also seen in
other Asia Pacific countries. South Korea and Japan are large scale
manufacturers of epoxy resins. The market of epoxy adhesives is expected
to grow considerably in the forecast period in Asia and Europe. Latin
America shows a steady demand of epoxy adhesives for the building &
construction industry.
The
application of epoxy adhesives requires pre treatment of substrates
which ensures superior adhesion. There are two major types of epoxy
adhesives – one component, heat curing epoxy adhesive and two component
room temperature curing epoxy adhesive. One component epoxies are used
as alternatives to welding and riveting and have excellent adhesion to
metals. These epoxy adhesives require cold storage to provide sufficient
shelf life. They are used for bonding large areas and find application
in aerospace industry for assembly of aircraft panels and rotor blades.
The
two component epoxy adhesives are cured at room temperature and can
take up to several days to weeks to achieve adhesion. These adhesives
can be used on all types of substrates including rubber, wood, plastics,
glass and ceramics. The market of epoxy adhesives is fragmented across
the globe. There are numerous small, medium and large players in this
market, which serve many markets and produce numerous epoxy adhesive
variants. For instance, Henkel manufactures electrically conductive
adhesives. The major players in this market include- Henkel, Permabond,
The Gorilla Glue Company, 3M, Ardex, MG Chemcials, MAPEI, 5M, Epotek,
Powerblanket and Masterbond among others.
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