Epoxy Resins Market Size Worth USD 12.84 Billion By 2026 | Key Industry Players Covestro,Sika AG. , Huntsman Corporation, Hexion

The global Epoxy Resins Market is anticipated to reach USD 12.84 billion by 2026 according to a new study published by Polaris Market Research.

Epoxy resin is a significant raw material to many end-use chemical compounds, where per molecule holds the capability of being converted to a useful thermosetting product. The major end-use markets for epoxy resins include electronics and paints & coatings, followed by adhesives, composites, wind turbines, and others.

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In the rapidly growing paints & coatings industry, epoxy resins are used in powder coatings applied to automotive & appliances parts, in solvent-borne coatings applied to substrates in corrosive environment, and water-based coatings as electrodeposition primers in automobiles. In electronics industry theses are widely used in the manufacturing of printed circuit boards (PCBs). Modernized consumer electronics products in tandem with the growing urbanization and rising disposable income of consumers has resulted in massive demand of such products, which in turn has risen demand for epoxy resins. Increase in construction activities in many countries and revamping of the older structures coupled with consumer demand for feature-rich coatings has mainly driven the demand of epoxy in paints & coatings industry.

Technological advancements associated with these resins has also been a crucial growth factor for the Epoxy Resins Market. One of the most recent technical development includes biobased epoxy resins that makes use of natural sources. Despite the market constitutes of numerous growth factors, it is curtailed by few restraints such as fluctuating raw material prices, threat from substitutes,and health hazards associated with few epoxy types such as Bisphenol A (BPA).

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Asia Pacific Epoxy Resins Market is likely to be the fastest growing regional market for epoxy resins. China has witnessed a rapid growth in the consumption of paints & coatings and is the largest coatings producing country in the world. Moreover, China manufacturers have insistently added epoxy resin facilities in the past decade with a sharp growth from 2004 to 2017. These phenomenons in China along with the growth of other countries such as India, Taiwan, and ASEAN countries have made Asia Pacific a dominant region for epoxy resins market.

North America Epoxy Resins Market also holds a significant share and with concerns in Europe over leaching of bisphenol A has compelled the North American producers to offer epoxies with lower level of leachables. Western Europe also has high consumption of epoxy surface coatings due to huge demand in marine & maintenance coatings.

Epoxy Resins Market Top Key Player:

DowDupont
BASF SE
3M
Huntsman Corporation
Aditya Birla Chemicals
Covestro
Sika AG.
Huntsman Corporation
Hexion

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About us Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

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Polaris Market Research
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This release was published on openPR.