Epoxy Resin Market is expected to reach USD 18,413.24 Million by the end of 2029 : Cognitive Market Research

Market Overview:
- Epoxy resin is a reactive prepolymer and polymer that contains epoxide groups. These resins react with themselves in the presence of catalysts, or with a variety of co-reactants such as amines, phenols, thiols, and so on. The most common epoxy resins are made by reacting epichlorohydrin (ECH) and bisphenol-A (BPA), however, the latter can be substituted with other raw ingredients (such as aliphatic glycols, phenol, and o-cresol novolacs) to make specialty resins. These include DGBEA, DGBEF, Novaloc, Aliphatic, Glcidylamine, and others.

Market Insights:
• The Global Epoxy Resin Market is expected to reach USD 18,413.24 Million by the end of 2029, growing at a CAGR of 6.57% between 2022 and 2029.
• The North America Epoxy Resin market size is estimated to reach USD 3,491.15 Million in 2029.

"To know more The Epoxy Resin Market Insights click here: https://www.cognitivemarketresearch.com/epoxy-resins-market-report

Market Drivers:
• Mounting Construction industry
The shelter is one of the three necessities of life. A person always seeks shelter at the end of the day and hence every individual has a desire for their own dream house. Construction industries have marked their position as one of the largest industries across the world. The U.S construction spending was worth $1,704.4 billion in Feb 2022 which shows 11.2 % of growth over the previous year.
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development have released the new residential construction statistics for March 2022 which showcase 1,873,000-Building Permits, 1,793,000-Housing Starts, and 1,303,000-Housing Completions. The building permit is 6.7 % above the statistics recorded in March 2021.
• Growing consumer goods market
Consumer electronics have become a fundamental part of human life. People across the globe directly or indirectly depend on these electronic devices as it saves time and energy for people. The increasing disposable income, the desire for an easy and smooth life, and the desire to remain upgraded with modern technologies are a few of the prime factors driving the growth of consumer electronics. Moreover, the upgrading technologies, availability of products on e-commerce platforms, and suitable payment options are also further enhancing the growth of the consumer's electronic market.Moreover, shifting trend to online classes, the emergence of several start-ups, expansion of corporates also calls for a higher demand for computers, laptops, tablets, and smartphones.
• Restraints for Epoxy Resin Market
- Problems associated with a shortage of raw material
• Opportunities for Epoxy Resin Market
- Spotted usage of epoxy resin across widespread industry

Market Segmentation:
Type
• DGBEA
- Bisphenol A (BPA) and epichlorohydrin (ECH) were used as raw materials in the catalysis of sodium hydroxide to produce diglycidyl ether of bisphenol A (DGEBA). The chemical is a colorless solid that melts just above room temperature (commercial samples may seem yellow).
• DGBEF
- Bisphenol F Diglycidyl Ether is used in the production of epoxy resin compositions that comprise epoxy resin, curing agent, 2,4-dioleyl imidazoline-6-methoxy polyethylene glycol-1,3,5-triazine, and other ingredients. It is a stabilizing compound, commonly used as a precursor in the production of epoxy resins and as an additive in organosol resins.
• Novaloc
• Aliphatic
• Glcidylamine
• Others

End User
• Building and Construction
- Epoxy resins are used in the production of adhesives, plastics, paints, coatings, primers and sealers, flooring, and other building and construction goods and materials. It is used in a variety of tasks by craftsmen for crafts, by do-it-yourselfers at home for furniture creation and repair, and in the maritime industry for a variety of boat-building applications.
• Transportation
- Epoxy resins suit a variety of Transportation application needs with innovations that may be customized to meet the severe performance and flexibility demands customers face daily. Since the 1980s, epoxy resins have been employed in vehicle coatings. Mechanical strength, metal adhesion, and heat resistance are among their chemical qualities.
• General Industries
• Consumer Goods
• Wind Energy
• Aerospace
• Marine

Form
• Solid
• Liquid

Application
• Paints and Coatings
• Adhesives and sealants
• Composites
• Electronic Encapsulation
• Others

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Competitive Analysis for Epoxy Resin Market:
Atul Ltd, BASF SE, Dow Inc, Hexion, Huntsman Corporation LLC, Kukdo Chemicals Co.Ltd, Nan Ya Plastics Corporation, Olin Corporation, Techstorm Advanced Materials, Solvay SA…

Solvay
Solvay specializes in offering several types of chemicals. Solvay produces soda ash, hydrogen peroxide, functional polymers, silica, surfactants, food and fragrance flavors, and other specialty polymers. Additionally, it offers its products to numerous industries, including the aerospace, alternative energy, automotive, chemical, construction,

March 2022
- Solvay has engaged in partnership with Mitsubishi Chemical Advanced Materials
Solvay has engaged in partnership with Mitsubishi Chemicals, this partnership has helped customer to achieve sustainability and strengthen the business of polymers in the market.

July 2021
- Solvay engaged in partnership with Bayer Company
Solvay collaborated with Bayer in order to strengthen its position in coating business. This acquisition has strengthened range of sustainable, bio-based solutions for agricultural customers.

Related Report:
• Bio Epoxy Resin Market - https://www.cognitivemarketresearch.com/bio-epoxy-resin-market-report
• Flame Retardant Epoxy Resin Market - https://www.cognitivemarketresearch.com/flame-retardant-epoxy-resin-market-report
• High Purity Epoxy Resin Market - https://www.cognitivemarketresearch.com/high-purity-epoxy-resin-market-report

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
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