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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Key players in the global epoxy resin market are focused on innovation to bring evermore advanced and high-performance resins to aerospace and other huge industries, such as the automotive sector. They further underline more eco-friendly formulations for sustainability and regulatory requirements.
BASF SE provides epoxy resins for coatings, adhesives, and composites are a few products among the vast product line. This company originated in 1865 and is based in Ludwigshafen, Germany. It is the world leader with an innovative solution and vast product lines in the epoxy market.
Kukdo Chemical Co. Ltd. is a major player in the epoxy resin and hardeners market and provides various products for coatings, adhesives, and advanced composites. Incorporated in the year 1968, its registered headquarters are based in Seoul, South Korea. The Company is popularly known for the development of high-performance specialty epoxy products.
Jiangsu Sanmu Group Co., Ltd. offers epoxy resins for coatings, adhesives, and electronic applications. The company was incorporated in 1995 and is based in Jiangsu, China. This group is popularly known for its epoxy business area technological innovation and quality.
Hexion Inc. offers a broad portfolio of epoxy resins and hardeners for adhesives, coatings, and composites applications. Founded in 1899, Hexion is headquartered in Columbus, Ohio within the United States, and is a leader in vast product development and the development of highly complex epoxy solutions.
Other key players in the epoxy resin market report include BASF SE, Kukdo Chemical Co. Ltd., Jiangsu Sanmu Group Co., Ltd., Hexion Inc., Aditya Birla Chemicals, Chang Chun Group, among others.
Epoxy Resin Market Report Snapshots
Epoxy Resin Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global epoxy resin market attained a value of nearly USD 7.18 billion.
The epoxy resin market is projected to grow at a CAGR of 6.40% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 12.55 billion by 2032.
The market is being driven by the thriving construction sector and the rising demand for canned packaging of food and beverages products.
The key trends in the market are the increasing use of epoxy resin in the automotive industry, rising demand for epoxy resin in aviation, and the increasing research and development for bio-based epoxy resin.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major forms of epoxy resin are solid, liquid, and solution.
The different types of epoxy resin in the market are DGBEA (bisphenol A and ECH), DGBEF (Bisphenol F and ECH), novolac (formaldehyde and phenols), aliphatic (aliphatic alcohols), and glycidylamine (aromatic amines and ECH), among others.
The significant applications in the global epoxy resin market are paints and coatings, adhesives and sealants, composites, and electronic encapsulation, among others.
The different end uses of epoxy resin are building and construction, transportation, general industrial, consumer goods, wind energy, aerospace, and marine.
The major players in the market are BASF SE, Kukdo Chemical Co. Ltd., Jiangsu Sanmu Group Co., Ltd., Hexion Inc., Aditya Birla Chemicals, and Chang Chun Group, among others.
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