Epoxy Resins Market Insights, Trends and Growth Outlook 2031 | Kukdo Chemicals Ltd., DuPont

Rise in Applications of Epoxy Resins

Epoxy resins are a highly versatile and useful group of chemicals employed in various industrial applications. They are utilized in the paint industry, as epoxy resins help paints dry off quickly and provide a tough protective layer. Epoxy resins are utilized in the construction of aircraft, watercraft, and automobiles. They are also an integral requirement in the electronics industry, used in ICs, PCBs, hybrid circuits, and transistors. Among these, printed circuit boards from the electrical & electronics segment accounts for a prominent share.

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Epoxy resins are applied in the production of electrical items such as motors, generators, switchgears, and electrical laminates that are utilized in insulators. Epoxy resins are also used in the wind industry for the manufacture of aerodynamically efficient blades, which offer better generation of electricity. Moreover, applications of epoxy resins are not limited to the technical sector alone; epoxy resins are used by artists to obtain specific colors by mixing pigments. The high demand from aforementioned application areas has greatly boosted the market for epoxy resins. An increased demand from the aerospace industry, due to the reduced overall weight of the aircraft due to the use of epoxy resins, is one of the major drivers for the market.

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Regional Analysis of Epoxy Resins Market

In terms of region, the global epoxy resins market has been segmented into Europe, China, North America, Asia Pacific, and Latin America, and Middle East & Africa. China dominated the market in 2020, and accounted for more than 45% of the market.

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Epoxy Resins Market: Key Players

Key companies profiled in the report include NAMA Chemicals, DuPont, 3M Company, Kukdo Chemical Ltd., The Dow Chemical Company, BASF SE, and Hunstman Corporation.

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Global Epoxy Resins Market: Segmentation

Epoxy Resins Market, by Application

Paints & Coatings
Wind Energy
Composites
Construction
Electrical & Electronics
Adhesives
Others (Vinyl Gloves, Metal Protection, Handbags, Eyeglasses, and Plastic Tooling)

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