Epoxy Resin Market worth $18.74 billion by 2030, growing at a CAGR of 6.76% - Exclusive Report by 360iResearch

The "Epoxy Resin Market by Type (Aliphatic Epoxy Resin, Bisphenol Epoxy Resin, Glycidylamine Epoxy Resin), Physical Form (Liquid, Solid), Source, Application, End-Use - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Epoxy Resin Market to grow from USD 11.85 billion in 2023 to USD 18.74 billion by 2030, at a CAGR of 6.76%.

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Epoxy resin is a class of synthetic thermosetting polymers containing epoxide groups widely used in various applications due to its superior properties, such as high mechanical strength, durability, and chemical resistance. Several factors fuel the growth of the epoxy resin market, including increasing demand in automotive, aerospace, and wind energy industries due to the material's strength, durability, and lightweight nature. Additionally, there is growth in renewable energy installations, particularly wind turbines, which extensively use epoxy resins for blades and other components. The development of the epoxy resin market faces several limitations and challenges, such as volatility of raw material prices, stringent environmental regulations, and sensitivity to external conditions. However, the development of bio-based epoxy resins as a response to increasing environmental concerns and regulations has created new opportunities across the market. At the same time, the exploration of new applications in 3D printing technologies and investment in R&D for epoxy resin systems with enhanced properties, such as improved thermal and chemical resistance for high-performance applications, are helping to develop new products across the market.

The Americas, particularly the United States and Brazil, have a robust market for epoxy resin, driven largely by the aerospace, automotive, and construction industries. In North America, advancements in lightweight and fuel-efficient vehicles are driving demand for high-performance materials, including epoxy resins. Additionally, there is a growing emphasis on renewable energy, particularly wind energy, which utilizes large quantities of epoxy resins to produce wind turbine blades. The Latin American market is also experiencing growth, albeit from a smaller base, with increased demand in the construction and manufacturing sectors. The EMEA region showcases a diverse market landscape where Europe is at the forefront of consumption due to its robust manufacturing base, particularly in Germany, France, and the UK. The region's focus on sustainability and the circular economy is fostering innovations in bio-based epoxy resins. The Middle East, particularly in the GCC countries, presents significant potential for epoxy resin applications in paints and coatings with its growing construction sector. Africa shows emergence in construction and wind energy sectors, driven by infrastructure development and renewable energy projects. The Asia-Pacific region experienced substantial growth in the global epoxy resin market, driven by rapid industrialization and the expansion of manufacturing sectors in China, India, South Korea, and Japan. China is a major consumer and producer of epoxy resins, fueled by its vast electronics, automotive, and construction industries. The region is witnessing significant investments in renewable energy sources, notably wind and solar, which further propels the demand for epoxy resins. Moreover, the surging adoption of lightweight materials in vehicles and advancements in technology across the APAC region is expected to sustain the high growth rate of the epoxy resin market.

Market Segmentation & Coverage:

This research report categorizes the Epoxy Resin Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Aliphatic Epoxy Resin, Bisphenol Epoxy Resin, Glycidylamine Epoxy Resin, and Novolac Epoxy Resin. The Bisphenol Epoxy Resin commanded largest market share of 27.64% in 2023, followed by Novolac Epoxy Resin.

Based on Physical Form, market is studied across Liquid and Solid. The Liquid commanded largest market share of 68.85% in 2023, followed by Solid.

Based on Source, market is studied across Natural Sources and Petroleum-Based Sources. The Petroleum-Based Sources commanded largest market share of 91.34% in 2023, followed by Natural Sources.

Based on Application, market is studied across Adhesives & Sealants, Composites, and Paints & Coatings. The Paints & Coatings commanded largest market share of 35.37% in 2023, followed by Adhesives & Sealants.

Based on End-Use, market is studied across Aerospace, Automotive & Transportation, Building & Construction, Consumer Goods, Energy & Utility, and Manufacturing. The Automotive & Transportation commanded largest market share of 21.22% in 2023, followed by Building & Construction.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 39.91% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Epoxy Resin Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Epoxy Resin Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Epoxy Resin Market, highlighting leading vendors and their innovative profiles. These include 3M Company, A. B. Enterprises, Aditya Birla Group, ALTANA AG, Ashland Inc., Atul Ltd., Candorr International, Chang Chun Group, Chevron Phillips Chemical Company LLC, Chimcomplex SA, China Petrochemical Corporation, Corrosol Industries, Covestro AG, Daicel Corporation, DIC Corporation, Dongke Group, Epic Resins, Henkel AG & Co. KGaA, Huntsman Corporation, INEOS AG, Kolon Industries, Inc., Kukdo Chemical Co., Ltd., MACRO POLYMERS PVT. LTD., Mapei Spa, Merck KGaA, Mitsubishi Chemical Group Corporation, Mitsui Chemicals, Inc., Nagase & Co., Ltd., Nama Chemicals Company, Nan Ya Plastics Corporation, Olin Corporation, Parker-Hannifin Corporation, Purolite Corporation by Ecolab Inc., Resintech Limited, Samrat Chemical Industries, Sika AG, Sinochem Holdings Corporation Ltd., Sumitomo Bakelite Co., Ltd., Synpol Products Private Limited, The Dow Chemical Company, Vizag Chemical International, and Westlake Corporation.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Epoxy Resin Market, by Type
7. Epoxy Resin Market, by Physical Form
8. Epoxy Resin Market, by Source
9. Epoxy Resin Market, by Application
10. Epoxy Resin Market, by End-Use
11. Americas Epoxy Resin Market
12. Asia-Pacific Epoxy Resin Market
13. Europe, Middle East & Africa Epoxy Resin Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Epoxy Resin Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Epoxy Resin Market?
3. What is the competitive strategic window for opportunities in the Epoxy Resin Market?
4. What are the technology trends and regulatory frameworks in the Epoxy Resin Market?
5. What is the market share of the leading vendors in the Epoxy Resin Market?
6. What modes and strategic moves are considered suitable for entering the Epoxy Resin Market?

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