The Global Epoxy Resins Market to Reap $10470.83 Million by 2028

A recent study by Triton Market Research titled 'Global Epoxy Resins Market,' covers the Global Analysis and Forecasts by Raw Material (Glycidylamine (Aromatic Amines & ECH), DGBEF (Bisphenol F & ECH), Novolac (Formaldehyde & Phenols), DGBEA (Bisphenol A & ECH), Aliphatic (Aliphatic Alcohols), Other Raw Material), by Application (Composites, Wind Turbines, Adhesives, Construction, Electrical & Electronics, Paints & Coatings, Other Applications), by Component (Hardeners, Epoxies), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).

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Triton's research report predicts the global epoxy resins market to showcase a CAGR of 5.04% in terms of revenue in the forecast duration from 2021 to 2028, generating a revenue worth $10470.83 million by the year 2028.

Epoxy resins can be produced using bio-based raw materials, and are also likely to be a part of bio-polymers in the coming future. Producing an epoxy resin from bio-sourced materials will increase the sustainability factor of this material. This is expected to generate a range of growth opportunities for industry players, and, in turn, aid the market growth.

On the flip side, the last few years have seen the emergence of alternative raw materials like polyurethane and phenolic resins, and their demand is soaring quickly. The growing popularity of alternative resins such as PET, polyamide, and unsaturated polyester resins is expected to curtail the growth of the epoxy resins market in the upcoming years.

The market for epoxy resins is segmented mainly into raw material, application, and component. On the basis of raw material, it is divided into glycidylamine (aromatic amines & ECH), DGBEF (Bisphenol F & ECH), novolac (formaldehyde & phenols), DGBEA (Bisphenol A & ECH), aliphatic (aliphatic alcohols), and other raw material.

According to application, the market is categorized into composites, wind turbines, adhesives, construction, electrical & electronics, paints & coatings, and other applications. And, as per component, it is classified into hardeners and epoxies.

The Latin America market for epoxy resins is estimated to exhibit the fastest growth rate globally, over the forecasting years. The region's construction industry has been projected to boom over this period, thanks to the growing investments by private entities to develop this sector further. Also, the government is taking efforts to improve the tourism sector, for which better infrastructure in needed. Infrastructural development in Latin America is therefore fueling the demand for epoxy resins. As a result, the epoxy resins market in the region is expected to prosper in the forthcoming years.

Clariant AG, Chang Chun Plastics Co Ltd, Sinopec Baling Co, Jubail Chemical Industries Company Limited, Kukdo Chemical Co Ltd, Cytec Industries Incorporation (Solvay), Momentive Performance Materials Holdings LLC, BASF, Aditya Birla Chemicals Ltd, Huntsman Corporation, DuPont, Dow Chemicals, Nan Ya Plastics, and 3M Company are the established players in this market.

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Question & Answer: Epoxy Resins Market

Question 1: What factor is expected to aid the epoxy resins market growth?
Answer: Epoxy resins can be produced using bio-based raw materials, and are also likely to be a part of bio-polymers in the coming future. Producing an epoxy resin from bio-sourced materials will increase the sustainability factor of this material. This is expected to generate a range of growth opportunities for industry players, and, in turn, aid the market growth.

Question 2: What factor is expected to curtail the growth of the epoxy resins market in the upcoming years?
Answer: The last few years have seen the emergence of alternative raw materials like polyurethane and phenolic resins, and their demand is soaring quickly. The growing popularity of alternative resins such as PET, polyamide, and unsaturated polyester resins is expected to curtail the growth of the epoxy resins market in the upcoming years.

Question 3: How is the Latin America region influencing the growth of the epoxy resins market?
Answer: The Latin America market for epoxy resins is estimated to exhibit the fastest growth rate globally, over the forecasting years. The region's construction industry has been projected to boom over this period, thanks to the growing investments by private entities to develop this sector further. Also, the government is taking efforts to improve the tourism sector, for which better infrastructure in needed. Infrastructural development in Latin America is therefore fueling the demand for epoxy resins. As a result, the epoxy resins market in the region is expected to prosper in the forthcoming years.

Question 4: Which are the established players in the epoxy resins market?
Answer: Clariant AG, Chang Chun Plastics Co Ltd, Sinopec Baling Co, Jubail Chemical Industries Company Limited, Kukdo Chemical Co Ltd, Cytec Industries Incorporation (Solvay), Momentive Performance Materials Holdings LLC, BASF, Aditya Birla Chemicals Ltd, Huntsman Corporation, DuPont, Dow Chemicals, Nan Ya Plastics, and 3M Company are the established players in this market.

Related Report:
Global Reinforcement Materials Market - https://www.tritonmarketresearch.com/reports/reinforcement-materials-market

The global reinforcement materials market is envisioned to showcase growth in its revenue and volume during 2021-2028 at a CAGR of 6.02% and 5.16%, individually. The market is expected to reap revenue worth $12826 million by 2028.

Reinforcement materials can be formed from glass, carbon, and other materials, and are known to toughen a product. Factors such as high demand for lightweight materials and enhanced product quality due to reinforcement, supplement the studied market's development. In addition, growth in the aerospace & defense sector, coupled with a rise in reinforcement materials application in other sectors, is opening new avenues for the global market.

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