Global Epoxide Market Size, Share, Growth Analysis And Forecast To 2032

The Business Research Company's Epoxide Global Market Report 2023 identifies the rise in the demand for soap and soap products is expected to propel the growth of the epoxide market going forward. Soap refers to a salt of fatty acid that is used in a variety of cleansing and lubricating products. Soap products such as detergents, gels, and others are used for washing and cleaning. Ethylene epoxide is used as a base material in the manufacturing of soaps. This helps to increase the potential hydrogen (PH) levels in soap. For instance, according to data published by The Observatory of Economic Complexity (OEC), a Brazil-based data visualization website, soap exports have increased by 18.7% between 2019 and 2020, from $ 7.15 billion in 2019 to $ 8.49 billion in 2020. Therefore, the rise in demand for soap and soap products is driving the growth of the epoxide market.

The global epoxide market size grew from $66.28 billion in 2022 to $70.08 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global epoxide is expected to grow to $84.73 billion in 2027 at a CAGR of 4.9%.

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Major players in the epoxide market are Evonik Industries AG, BASF SE, Dow Chemical Company, LG Chem Ltd., Daelim Co. Ltd., Dymax Corporation, Exxon Mobil Corporation, INEOS Capital Limited, Eastman Chemical Company, UPC Technology Corporation, ADEKA CORPORATION, LANXESS Deutschlan*d GmbH, Galata Chemicals Galata Chemicals LLC, Ashland Global Holdings Inc., 3M Company, and H.B. Fuller Construction Products Inc.

Product innovation is a key trend gaining popularity in the epoxide market. Major companies operating in the epoxide sector are concentrating on enhancing the epoxide products such as styrene-free pure and green epoxy resins to offer long service life while reducing their carbon footprint and make the process more environmentally friendly.

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The Epoxide market is segmented -
1) By Type: Ethylene Oxide, Propylene Oxide

2) By Component: Epoxies, Hardeners

3) By Application: Coated Fabric, Wire and Cable, Flooring and Wall Coverings, Film and Sheet, Medical Devices, Consumer Goods, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Epoxide market.

The Business Research Company's "Global Epoxide Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Epoxide Market Include:
1. Executive Summary
2. Epoxide Market Characteristics
3. Epoxide Market Trends And Strategies
4. Epoxide Market - Macro Economic Scenario
5. Epoxide Market Size And Growth
.....
26. Africa Epoxide Market
27. Epoxide Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Epoxide Market
29. Epoxide Market Future Outlook and Potential Analysis
30. Appendix

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