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High-Purity Epoxy Resin Market 2023-2032: Key Drivers, Global Trends, Future Growth And Major Players | Dow Inc., Mitsubishi Chemical Corporation, 3M Company, Sika AG, Nan Ya Plastics Corporation
High-Purity Epoxy Resin Market
The Business Research Company's High-Purity Epoxy Resin Global Market Report 2023 identifies The expansion of the electronics sector as the major driver for the High-Purity Epoxy Resin Market's growth in the forecast period. The electronics sector is an industry that manufactures household electronic equipment and electrical components for various goods such as semiconductors, circuit boards, TVs, and mobile gadgets. High-purity epoxy is an excellent substitute for wood or metal materials resins and is used for semiconductor packaging assemblies that provide physical protection and mechanical strength along with several desired performance properties based on the application or the physical location of the semiconductor in the finished device.
The global high-purity epoxy resin market is expected to grow from $1.40 billion in 2022 to $1.49 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 high-purity epoxy resin market is expected to reach $1.86 billion in 2027 at a CAGR of 5.6%.
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Major competitors in the high-purity epoxy resin market are Dow Inc., Mitsubishi Chemical Corporation, 3M Company, Sika AG, Nan Ya Plastics Corporation, Olin Corporation, Huntsman Corporation LLC, DIC Corporation, Aditya Birla Chemicals Limited, Kolon Industries Inc., ADEKA Corporation, Nippon Kayaku Co. Ltd., Kukdo Chemical Co. Ltd., Hexion Inc., Osaka Soda Co. Ltd., Atul Ltd., TIGER Coatings GmbH & Co. KG, Momentive Inc., Reichhold LLC, Guangzhou Lushan New Materials Co. Ltd., Nanjing Hongbaoli Corp Ltd, Allnex Belgium NV, Nama Chemicals Company, Incorez Ltd., Epic Resins, Miller-Stephenson Inc., Cardolite Corporation, Leuna-Harze GmbH, Chang Chun Petrochemical Co., and Shina T And C Incorporated Co. Ltd.
A key trend in the High-Purity Epoxy Resin Market includes Product innovation. Major companies operating in the high-purity epoxy resin market are creating revolutionary products to improve their market share. For instance, in May 2022, Hexcel Corporation, a US-based manufacturer of epoxy resins and structural materials, launched a new line of goods called HexPly Nature Range. It includes HexPly M49, M78.1-LT, and M79 bio-derived epoxy resin components that maintain exceptional properties while offering robust mechanical performance and consistent processing features. Additionally, the HexPly Nature Range offers pre-preg alternatives reinforced with natural fibers that are relatively easy to incorporate into modern manufacturing processes. They are used to develop material solutions for automotive, winter sports, marine, and wind energy applications.
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The High-Purity Epoxy Resin Market is segmented -
By Type: Electrical Grade, Optical Grade, Industrial Grade
By Application: Semiconductor Encapsulation, Electronic Components, Light Emitting Diode(LED) Packaging, Fiber Optics
By End-User Industry: Electronics, Aerospace, Automotive, Communication, Energy
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the High-Purity Epoxy Resin Market.
The Business Research Company's "Global High-Purity Epoxy Resin 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 High-Purity Epoxy Resin Market Include:
1. Executive Summary
2. High-Purity Epoxy Resin Market Characteristics
3. High-Purity Epoxy Resin Market Trends And Strategies
4. High-Purity Epoxy Resin Market - Macro Economic Scenario
5. Global High-Purity Epoxy Resin Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global High-Purity Epoxy Resin Market Competitive Benchmarking
33. Global High-Purity Epoxy Resin Market Competitive Dashboard
34. Key Mergers And Acquisitions In The High-Purity Epoxy Resin Market
35. High-Purity Epoxy Resin Market Future Outlook and Potential Analysis
36. Appendix
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