In the 1960s, MIT researchers developed the steel epoxy putty stick, which has been in use ever since. The putty stick's appearance hasn't changed much over the years, but one thing is for certain: no matter what your needs may be, it works. You can utilise this special equipment in a variety of ways every day, including for extreme landings, home repairs, and arts and crafts.
Benefits of Starting Business of Steel Epoxy Putty Stick
Steel epoxy putty sticks are some of the most lightweight and convenient tools for construction workers. Today, one company alone sells over 2 million steel epoxy putty sticks per year. The benefits for companies making this product are endless. Not only does it make an impact on people's lives but it also has great economic advantages to boot. For example, since it is so lightweight and easy to use, the average worker can do their job more efficiently than before. Not only that but because there are no chemicals in Steel Epoxy Putty Sticks, they don't emit any pollutants into the air either! They're easy to transport and the price is just right - a lot cheaper than purchasing other types of products or getting repairs done by professionals. It is completely customizable which means you can have exactly what you need when you need it without spending too much money. If you're looking for the ideal type of business for new entrepreneurs, look no further than steel epoxy putty sticks! They are an easy-to-make item with low start-up costs and they make a useful gift. You can manufacture these yourself, making them an excellent way to get into the manufacturing industry without any previous experience or technical knowledge required.
Uses and Application of Steel Epoxy Putty Stick
1. Permanently fix any sort of metal or steel that is broken or deteriorating.
2. Bonds to metal.
3. Used for all sorts of repairs: metal machinery, tools, pipes, car parts, lawn care equipment.
4. Make two components that usually don’t fit together fit.
5. Sealing various metals or steels so they have resistance against moisture and electricity.
6. Filling gaps in metals or steels that need to be permanently filled, can be molded into a structural part.
Indian Market Outlook
Steel epoxy putty sticks are everywhere in India, and it's growing at an exponential rate. With its popularity coming from different marketplaces such as steel factories, construction sites, railway construction, and many more industries. Many locals refer to it as magic clay for its versatility in use as well as for its instant bonding ability to bind pieces together. In fact, when compared to other common construction methods like gluing or welding, this product is way more cost-effective. In the past five years, from 2011 to 2016, Indian steel has gone from 6% capacity utilization to 50%. A large part of this increase in production has been due to demand for steel epoxy putty sticks. India's demand for construction and infrastructure development will grow at an annual rate of 7.5% over the next five years and so with all these factors coming together it is no wonder that Indian manufacturers are struggling to keep up with current demand and are trying to catch up with future needs by investing heavily in their manufacturing capabilities.
Global Market Outlook
The global Epoxy Putty Sticks market was valued at 504.07 Million USD in 2021 and will grow with a CAGR of 3.01% from 2021 to 2027.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.
Demand from China alone has tripled over the last four years. Molders have begun using steel epoxy putty sticks as an alternative to silicone caulk as they're more versatile and have better adhesion properties than silicone caulk. Additionally, steel epoxy putty sticks are non-flammable and can be applied at any temperature. The demand for this product will continue to grow exponentially as homes become more eco-friendly with insulation made out of expanded polystyrene foam boards. Furthermore, emerging markets like India and Russia will fuel demand as their construction sectors grow exponentially with aging populations seeking lower cost housing solutions.
Conclusion
You can generate money by producing epoxy putty sticks yourself, either from your own house or from a rented place, as there is always a need for them. Making steel epoxy putty sticks for a living could be your best course of action if you have an entrepreneurial spirit, are seeking for new ways to supplement your income, or are simply sick of working for others and want to be in charge of your own career.
Major Players
· JB Weld
· Weld-On Adhesives
· Whitford Worldwide (Polymeric Systems)
· 2K Polymer Systems Limited
· Nuco Inc (NuFlex)Oatey
· Protective Coating Company
· Everbuild (Sika)
· CRC (Minute Mend)
· Glenmarc
· Taiwan Perma
· FastFix-it
· Cedesa
· Star Brite
· Shen Zhen You Li (Hui Yang)
· KRÖNYO
· Mohawk
