Epoxy Putty Sticks Market Size, Share, Growth and Industry Analysis, By Type (Metal Type, Wood Type, Plastic Type, Aqua Type, and Others), By Application (Industrial, Marine, Household Used, and Others) Regional Forecast to 2028

Updated On: 06 March 2023

REPORT OVERVIEW

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The global epoxy putty sticks market size is expected to be USD 503 million in 2022. The global COVID-19 pandemic has been unprecedented and staggering, with the epoxy putty sticks market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is projected to touch USD 600.6 million by 2028, exhibiting a CAGR of 3.0% during the forecast period. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Epoxy putty sticks are a blend uniting hand-knead able and hand-mixable paste which can be liable to stir rapidly in less than an hour. Once formed and cured these sticking putties have a high level of fastening power. The equilibrium is like modeling clay. As a result, it banishes drips and runs, assists fastening to the substance, and authorizes the elements to be formed as required before curing starts.

To utilize these variety of bonding putties directly corkscrew or chop off an essential quantity from the adhesive stick. Then mold with fingers till a consistent color is created, the blend has to be worked into the aspects to be mended within 2 minutes of blending. Before the epoxy putty is put in anyplace, the area where it is to be applied has to be cleansed, and degrease the exterior of: oil, grease and grime. Preferably, the exterior it is being smeared to should be scratched somewhat, as this will better the clinging attachment. The people who generally make use of these epoxy putty sticks are plumbers, handy repair men, DIYers among others.

COVID-19 Impact: Production Decreased due to Strict Restrictions in Effect Globally

The beginning of the COVID 19 pandemic was an unexpected turn of events that left a lot of industries confused as to what was to be done as they had never experienced such events before. This led to many small scale businesses shutting down and the large scale manufacturers removing their employees from jobs to cut out expenditures. The same way the epoxy putty business was affected too, with restrictions imposed on trade, transportations across all nations of the world this business underwent a loss also. However, the business did experience a gradual hike in demand and sales after 2021.

LATEST TRENDS

"Multipurpose Epoxy Putty Sticks Leads To Flexibility To Use In Different Materials"

RepairItQuik, is a multi-skilled epoxy putty sticks put together to repair, restore and forge metal, wood, glass, concrete and a number plastic. Fit for internal and external utilization, this quick mounting epoxy putty is impenetrable by water, chemicals and maximum temperatures and does not contrast or withdraw. Produced with a pre-measured mixture of activator and base, this product needs no utensils to use, while its shaping clay regularity banishes drips and runs, ensuring no-mess smearing. Featuring a 3 to 5 minute work life, this putty can be chopped, rubbed, tapped and exercised, welded, rubbed down and dyed 60 minutes after utilizing it.

SEGMENTATION

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• By Type

Based on type, the market is distributed into Metal Type, Wood Type, Plastic Type, Aqua Type, and Others. The metal type segment is predicted to capture the maximum market share during 2022-2028.

• By Application

Based on application, the market is divided into Industrial, Marine, Household Used, and Others. The industrial segment is slated to hold the dominant market share through 2028.

DRIVING FACTORS

"Long Term Solutions Leads to Cost Saving "

The benefit of using a wood type epoxy putty sticks filler to make a repair to a wooden structure is quite big. The cost saving as well as the time saving to the user making the said repairs is notable. Cost effective because instead of replacing the whole wooden structure itself just the target parts are replaced which also act as a long term solution as the epoxy putty does not crack or even brittle under any weather conditions.

"Quicker Hardening Of The Putty Makes It Suitable To Use In Aquascaping"

The Maxspect coral putty is a silicon based putty which is very soft and easy to work with and it sets speedily as well which makes joining of rocks and corals very fast without holding on to them and waiting on them to stick in a certain way. This product does not shrink or crack under water and forms a very tight bond with whatever products it is being used to join with. This epoxy putty sticks can further be used for aquascaping, quick fixes and also affixing large corals and colonies.

RESTRAINING FACTOR

"Harmful Ingredients Present In The Putty Can Cause Health Problems"

Different ingredients of the metal type epoxy putty can cause not only hypersensitive responses, but also skin, eye and mucous membrane annoyance which can also lead to a person having severe health problems. Therefore, a person using this clay should take care while working such as wearing gloves while working with the putty so direct contact is avoided with it so as to not risk any injuries on themselves. This factor can also hamper the epoxy putty sticks market growth.

REGIONAL INSIGHTS

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"Growing Demand for Construction Related Products to Drive the Asia Pacific Market"

Asia Pacific is expected to have the largest epoxy putty sticks market during the forecast period. The increasing demand from the speedily enlarging construction associated products across the world, in the Asia Pacific region is estimated to pilot the global epoxy putty sticks market share. All economic, manufacturing and societal elements are generating a positive likelihood for the global industrial structure. Thus, the worldwide epoxy putty sticks market will observe considerable growth in the next few years.

KEY INDUSTRY PLAYERS

"Market Players Focus Expansion of Facilities in Developing Nations to Meet Rising Demand"

The major infrastructure companies are focusing on maturing nations to tap their enormous market prospects. The key producers of epoxy putty are putting in place vigorous production solutions in these growing countries to meet the increasing regional demands.  The manufacturers are also focusing on ways to increase their market share in the industry and stay ahead of their competition.

List of Market Players Profiled

• JB Weld (U.S.)
• Weld-On Adhesives (U.S.)
• Whitford Worldwide (Polymeric Systems) (U.S.)
• 2K Polymer Systems Limited (U.K.)
• Nuco Inc (NuFlex)Oatey (Canada)
• Protective Coating Company (U.S.)
• Everbuild (Sika) (U.K.)
• Glenmark (India)
• Taiwan Perma (Taiwan)
• FastFix-it (Taiwan)
• Cedesa (U.K)
• Mohawk (U.S.)

REPORT COVERAGE

This report covers the epoxy putty sticks market, including the effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of the epoxy putty industry. The segmentation of this market based on type and applications. Which region is leading in the industry and how are they doing so? And the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.