Epoxy Resin Market Set for Explosive Growth in Sustainable Architecture by 2030

The global epoxy resin market, valued at $8.9 billion in 2020, is projected to grow to $16.6 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.5% between 2021 and 2030, according to a report by Allied Market Research. This report offers a comprehensive analysis of key investment opportunities, market strategies, drivers, and trends, along with competitive dynamics and market forecasts.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/1833

Key Drivers and Opportunities:

The market growth is primarily fueled by rising demand for lightweight composites, increased research and development in epoxy resin technologies, and growing adoption in the energy sector. However, price fluctuations in raw materials are a significant challenge, potentially hindering growth. Despite this, the emergence of bio-based epoxy resin is expected to open up new lucrative opportunities in the market.

Segment Analysis:

Form: In 2020, liquid epoxy resin dominated, accounting for roughly 60% of total revenue, and is expected to maintain its lead through 2030. The solid epoxy resin segment is anticipated to grow at the fastest rate, with a CAGR of 7.2%.

Application: The paints & coatings segment was the largest in 2020, representing over 25% of the market, while the adhesives & sealants segment is projected to experience the highest growth, with a CAGR of 7.4% during the forecast period.

Regional Insights:

The Asia-Pacific region led the market in 2020, commanding about half of the global market share. The LAMEA region, however, is expected to register the highest growth, with a CAGR of 8.6% over the forecast period.

Competitive Landscape:

Key players in the epoxy resin market include BASF SE, Dow Inc., Hexion, Huntsman Corporation, Kukdo Chemicals, Nan Ya Plastics, Atul Ltd, Olin Corporation, Techstorm Advanced Materials, and Solvay SA. These companies have adopted strategies like partnerships, expansions, collaborations, and joint ventures to strengthen their market positions.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/epoxy-resins-market

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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