Epoxy Resin Market Landscape Key Developments and Strategic Moves

The global epoxy resin market is experiencing significant growth driven by the increasing demand for lightweight composites, advancements in epoxy resin technology through R&D activities, and the expanding application of epoxy resins in the energy sector. In 2020, the market was valued at $8.9 billion and is projected to reach $16.6 billion by 2030, registering a CAGR of 6.5% during the forecast period.

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

Key drivers of market growth include the growing demand for epoxy resins in lightweight composites and the boost in energy sector applications. However, fluctuations in raw material prices present a challenge. The introduction of bio-based epoxy resins is expected to open up new opportunities for market expansion.

Market Trends & Analysis:

Form: In 2020, the liquid segment held the largest share of the market, accounting for around three-fifths of total market revenue. The solid segment, however, is projected to grow at the fastest CAGR of 7.2% over the forecast period.

Application: The paints & coatings segment dominated the market, accounting for more than 25% of the market revenue in 2020, with expectations to maintain its leading position through 2030. Meanwhile, the adhesive & sealants segment is forecasted to exhibit the fastest CAGR of 7.4%.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/epoxy-resins-market/purchase-options

Region: Asia-Pacific was the largest regional market in 2020, capturing nearly half of the global market share. Conversely, the LAMEA region is anticipated to register the fastest CAGR of 8.6% from 2021 to 2030.

Competitive Landscape: Key players in the global epoxy resin market include BASF SE, Dow, Inc., Hexion, Huntsman Corporation, Kukdo Chemicals, Nan Ya Plastics Corporation, Atul Ltd, Olin Corporation, Techstorm Advanced Materials, and Solvay SA. These companies have employed various strategies, such as partnerships, joint ventures, collaborations, and expansions, to strengthen their presence in the market.

Opportunities: Bio-based epoxy resins are gaining traction as a sustainable alternative, presenting lucrative growth prospects for manufacturers in the coming years.

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

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