Global Epoxy Resins Market Size is Projected to Reach USD 21.87 Billion, at a CAGR of 6.9% by 2031 |Fact.MR

The consumption of epoxy resins is expected to grow strongly and is expected to be at a high rate of 6.9% during 2022-2031. In 2021, the global epoxy resin market (エポシャリテト) 市 was valued at US$ 11.22 billion and is expected to reach a significant US$ 21.87 billion by the end of 2031.

Epoxy resins have emerged as one of the most versatile and widely used. materials in various industries. Known for their exceptional adhesion, durability, chemical and moisture resistance, these synthetic thermoset polymers are in high demand.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7318

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
3M
Solvay
Hexion
Sika Ag
Kukdo Chemical Co. Ltd.
Dow
China Petrochemical Corporation
Kolon industries

𝐃𝐢𝐯𝐞𝐫𝐬𝐞 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬
One of the main factors driving the growth of epoxy resin consumption is their versatile applications. Epoxy resins are used in many fields including:
• Construction: epoxy resins are widely used in construction to fix, seal and strengthen structures. They provide a strong and durable solution for a variety of applications, from concrete repair to flooring.
• Electronics: epoxy resins are widely used in the electronics industry to encapsulate sensitive components, protecting them from environmental factors and extending their life.
• Aerospace: In the aerospace industry, epoxy resins are used to make lightweight and strong composite materials, which improves fuel economy and safety.
• Automotive industry: Automakers use epoxy resins in the manufacture of lightweight body parts and structural parts. components that contribute to fuel efficiency and safety.
• Adhesives: epoxy-based adhesives are preferred due to their high bond strength, making them indispensable in various industrial applications.
• Paints and coatings: epoxy resins play an important role in the composition of paints and coatings that provide structures and protection and aesthetics for products.
• Marine and wind energy: epoxy resins are used in the production of light but durable components for marine vessels and wind turbine blades.

𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬

Another important factor in the consumption of epoxy resin is their relatively lower environmental impact compared to alternative materials. Epoxy resins produce minimal volatile organic compounds (VOCs) during curing, making them an environmentally friendly choice. This aspect is in line with the growing global emphasis on sustainable development and environmentally conscious production.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

Epoxy resin manufacturers are making significant investments in various aspects of their operations, including establishing new production facilities, developing training and research centers, establishing distribution networks and acquiring additional expertise from smaller companies.
As competitiveness in the epoxy resin industry increases, strategically prioritization the expansion of production capacity to meet ever-increasing customer demands is key.

Example:
2020. In 2016, Kukdo Chemicals achieved a major milestone in India by commissioning a state-of-the-art epoxy resin plant in Gujarat. This state-of-the-art epoxy plant has an impressive industrial capacity of 40,000 tons per year. After its success in China, the company strategically launched its second overseas factory in India. This move is not only aimed at meeting growing domestic demand, but also underlines our commitment to providing consumers with cutting-edge epoxy solutions.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐄𝐩𝐨𝐱𝐲 𝐑𝐞𝐬𝐢𝐧𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

• By Raw Material :
o DGBEA (Bisphenol A and ECH)
o DGBEF (Bisphenol F and ECH)
o Novolac (Formaldehyde and Phenols)
o Aliphatic (Aliphatic Alcohols)
o Glycidylamine (Aromatic Amines and ECH)
o Other Raw Materials
• By Application :
o Paints & Coatings
o Wind Energy
o Composites
o Construction
o Electrical & Electronics
o Adhesives
o Others (Vinyl Gloves, Metal Protection, Handbags, Eyeglasses, and Plastic Tooling)
• By Region :
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐚𝐧𝐝 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭

Continuous research and development in the epoxy resin industry leads to innovations that expand their applicability and improve their performance. New formulations with improved properties such as better heat resistance and fire resistance open doors to previously unexplored markets and applications.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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This release was published on openPR.