Epoxy Resin Market is growing at a CAGR of 7.3% in the forecast period (2024-2031)

Today, the majority of aircraft manufacturers employ epoxy resin in their designs. A new generation of goods that are more efficient, have more creative applications, are safer for people and animals to be around, and respect the environment are now being developed and marketed by epoxy resin makers. Epoxy resins offer increased mechanical strength and strong resistance to temperature extremes. In the aircraft sector, weight reduction made possible by the use of epoxy resins is also greatly desired because it reduces fuel costs significantly. As a result, the demand for epoxy resins in the aviation and aerospace industry is anticipated to grow steadily in the coming years.

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Epoxy Resin Market size was valued at USD 11.97 billion in 2022 and is poised to grow from USD 12.84 billion in 2023 to USD 24.31 billion by 2031, growing at a CAGR of 7.3% in the forecast period (2024-2031).

The majority of paints primarily include epoxy resin. It becomes thicker as a result, adhering to the tool being used to paint a surface. Paints can still be put on surfaces since they are not at all impossible to spread. Epoxy resin also improves the strength, durability, and resistance to corrosion of the paints. Additionally, topcoats and primers are all uses for epoxy resins. There are primarily two causes for this. The first is that epoxy resins shield materials from UV light deterioration. The second benefit is that they improve the aesthetics of the materials and objects they cover. Demand for paints and coatings has been boosted by infrastructure growth and rising car manufacturing. In the upcoming years, the industry is anticipated to be driven by rising disposable income and consumer propensity to spend more. Recent years have seen a sharp growth in global automobile manufacturing as a result of expanding middle-class family demand and rising disposable income in emerging economies.

Market Segmentation:

Global Epoxy Resin Market is segmented based on the form, type, application, end use, and region.

Based on form, Global Epoxy Resin market is bifurcated into solid and liquid.
Based on type, the epoxy resin market is segmented into DGBEA (Bisphenol A and ECH), DGBEF (Bisphenol F and ECH), Novolac (Formaldehyde and Phenols), Aliphatic (Aliphatic Alcohols), Glycidylamine (Aromatic Amines and ECH) and other Raw Materials.
According to application, Epoxy Resin Market is segmented into paints & coatings, composites, sealants, electrical & electronics, adhesives and others.
On the basis of end use, Epoxy Resin Market is categorized into building & construction, transportation, general industrial, consumer goods, wind energy, aerospace, and marine.
Based on region, Epoxy Resin Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Epoxy Resin Market Top Player's Company Profiles

Huntsman Corporation
Olin Corporation
Hexion Inc.
BASF SE
3M Company
Aditya Birla Chemicals
Kukdo Chemical Co. Ltd.
NAMA Chemicals
Dow Inc.
Atul Ltd.
Evonik Industries AG
Momentive Performance Materials Inc.
Sika AG
Mitsui Chemicals Inc.
Ashland Global Holdings Inc.
Nan Ya Plastics Corporation
Chang Chun Plastics Co. Ltd.
DIC Corporation
Emerald Performance Materials LLC
Ferro Corporation

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Essential regions of the Epoxy Resin market are:

• Epoxy Resin North America Market includes (Canada, Mexico, USA)
• Epoxy Resin Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
• Epoxy Resin Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
• Epoxy Resin South America Market includes (Brazil, Argentina)

FAQs: -

1. What are the sales, production, consumption, imports, and exports of the global market (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
2. Who are the major manufacturers who dominate the world market?
3. What are their current capacity, production, sales, pricing, cost, gross, and revenue operating levels?
4. What are the market's risks and opportunities?

What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Epoxy Resin industry.

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Objectives of the Study:

• To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
• To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
• To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
• To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
• To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
• To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
• To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

Looking ahead, the Epoxy Resin Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global Epoxy Resin Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.

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Table of Contents

Global Epoxy Resin Market Research Report 2024-2031
Chapter 1 Epoxy Resin Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Epoxy Resin Market Forecast
...

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