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Epoxy Resins Market Revenue, Region & Country Share, Trends, Growth Analysis Till 2027 | Top Key Players Olin Corporation, Hexion Inc., Huntsman Corporation, BASF SE,etc
The global epoxy resins market is forecast to reach USD 11.86 Billion by 2027, according to a new report by Reports and Data. Epoxy resin is a molecule that contains more than one epoxide group.Epoxy resins are thermosetting polymers and are used as high-performance coatings, adhesives, and potting and encapsulating materials. They also have excellent electrical properties, low shrinkage, and good adhesion to many metals and are resistant to moisture, thermal, and mechanical shock. Viscosity, epoxide equivalent weight, and molecular weight are the important properties of epoxy resins.
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Increasing demand for the resin in paints and coatings industry owing to the positive growth of automotive and construction globally has driven the epoxy resins market. Growth in end-use industries such as marine coatings, aerospace, transportation, decorative powder coatings, electrical & electronic laminates, and composites, are affecting the market positively. An increase in research and development by key participants, along with technology innovation in the field of modified resins, are expected to provide ample opportunities for growth of epoxy resins.
The growth in the infrastructure in the U.S. has driven the market for epoxy resin in the region. The steady growth of the commercial sector, majorly office space construction, is expected to have a positive impact on the market demand.
Key participants include Olin Corporation, Hexion Inc., Huntsman Corporation, BASF SE, 3M Company, Aditya Birla Chemicals, Sinopec Corporation, Covestro AG, Solvay SA, and among others.
For the purpose of this report, Reports and Data have segmented into the global Epoxy Resins market on the basis of type, form, applications, end-users, and region:
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Novolac
Aliphatic
Hardener
Glycidylamines
DGBEF
DGBEA
Form Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Solid Epoxy Resin
Liquid Epoxy Resin
Solution Epoxy Resin
Applications Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Adhesive and Sealants
Paints and Coatings
Composites
Others
End Users Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Automotive
Consumer Goods
Aerospace
Building and Construction
General Industrial
Marine
Wind Power
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Regional and Country-wise Segmentation of the Global Epoxy Resins Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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