U.K. 2K Epoxy Adhesives Market Outlook (2018 to 2032)
Synopsis
The above chart is U.K. 2K Epoxy Adhesives Market Outlook (2018 to 2032)
Market Dynamics
the u.k. 2k epoxy adhesives market is set to witness an upturn in demand in the upcoming years, largely due to the increasing demand for performance and structural strength in the end-products. in addition to improved performance, 2k epoxy adhesives offer cost-effective solutions to fabricators and designers. as a result, they are increasingly being used in an array of applications such as structural bonding, low temperature resistance, substrate protection, and corrosion resistance.
the automotive industry is expected to be the major end-user for 2k epoxy adhesives. this is primarily due to the high demand for strong and durable structures in cars, coupled with the need for adhesives with strong mechanical bonding and high temperature resistance. furthermore, automotive manufacturers are also switching from conventional mechanical fasteners to pressure sensitive adhesives, which is expected to bolster market growth.
another key end-user industry for 2k epoxy adhesives is the industrial and construction sector. the demand from these industries is expected to increase considerably over the forecast period as they will rely on these adhesives for developing high- strength structures and components. additionally, the growth in diy culture is also anticipated to fuel the market demand over the upcoming years, due to the availability of these adhesives in small quantities.
in terms of regional growth, europe is expected to lead in terms of product demand for 2k epoxy adhesives, with the u.k. being the major contributor. the presence of automative manufacturers in the region is expected to drive the market demand in the foreseeable years. moreover, increased investment in the construction industry, owing to government initiated infrastructural projects, will further supplement the regional market growth.
in terms of product availability, the market will witness an increase in the unorganized sector, which is expected to offer customers with lower cost and smaller quantity products, while large-scale adhesives manufacturers are expected to focus on customised products. the introduction of new application and solutions in the market is also expected to enhance market competition.
the u.k. 2k epoxy adhesives market is expected to witness a strong growth prospect in the upcoming years, backed by increasing demand from various end-user industries. key players in the industry, such as henkel, basf, sika, and bostik, are anticipated to focus on launching innovative products coupled with lower vocs and high performance to capitalise on the growing demand.