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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Epoxy Resin Market Growth
The main drivers of epoxy resin include high-performance industries, such as aerospace, automotive, and construction, which are exhibiting a growing demand for epoxy resins due to the high strength and durability they offer. The epoxy resin demand growth is further fueled by growing infrastructure projects and industrialization in emerging markets.
Improvement in the composite material sector, which is mainly served by the application of epoxy resins to improve their mechanical properties, is another important reason for market growth. Not to forget that development and emphasis on sustainability play a very key role as well. Companies are forced to develop and innovate with low-emission and renewable resin options since regulatory pressures and consumer preference drive the call for greener solutions and thereby push the growth of the epoxy resin industry.
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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