Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
Excellent Mechanical Properties Of Epoxy Resins To Push Its Application In Composites
The demand for epoxy resins will relatively be high in the composites segment. The excellent mechanical properties of epoxy resins feature high strength, toughness, heat resistance, and chemical resistance, all very vital properties in advanced composite materials used in aerospace, automotive, construction, and other such industries.
This trend is thus driven by increasing demand for lightweight and high-performance materials, wherein epoxy resins enhance the structural integrity and performance of composites. The tailoring ability for particular applications has made them ideal to be applied in high-technology and high-demanding environments, tending to increase their prevalence in the composite market.
Epoxy Resins To Gain Prominence In Transportation To Reach Sustainability Standards
Increasing measures taken in the transportation industry to reduce carbon emissions are propelling epoxy resin industry revenue. Epoxy resin adhesives are increasingly used to make automobiles lighter as well as enhance their safety, durability, and efficiency. The rising demand for electric vehicles can also boost market growth as epoxy resins can be used to seal electric motors in electric cars and electric scooters.
For instance, Bayerische Motoren Werke AG (BMW) used a carbon-reinforced composite system using epoxy resin in its latest BMW7 as a lightweight replacement for traditional metals to reduce carbon footprints. This is expected to increase the use of epoxy resins to enhance heat transmission, corrosion protection, and electrical isolation in premium vehicles, therefore augmenting the epoxy resin demand.
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.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
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.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124