Epoxy Resin Market Surge: Analysis of Market Size, Growth Rate, Dominant Factors, And Emerging Trends

Burgeoning Epoxy Resin Market Heads Towards $19.93 Billion With A CAGR Of 9.7% By 2029

What Is The Projected Market Size Of The Global Epoxy Resin Market And Its Growth Rate?
•The epoxy resin market will grow from $12.64 billion in 2024 to $13.76 billion in 2025, registering a compound annual growth rate (CAGR) of 8.9%.
•The growth is primarily attributed to the construction boom, automotive sector growth, electronic manufacturing, and infrastructure development.
•Looking ahead, the market size is expected to surge to $19.93 billion in 2029 at a CAGR of 9.7%
•The forecasted growth can be credited to advanced electronics, biocompatible materials, circular economy initiatives, globalization and trade, and a surge in electric vehicles (EVs).

What Is Driving The Growth In The Epoxy Resin Market?
The growth in the epoxy resin market is majorly driven by an escalating demand in the automotive industry. A key use of epoxy resin in the industry is to paint the body of automobiles, thereby extending their life. An example of this trend is seen in the US auto sales figures for October 2023, which rose by 2.0% compared to the previous year, with the new vehicle sales volume for the month amounting to 1,211,141 units.

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Who Are the Key Players Driving Epoxy Resin Market Growth?
•China Petroleum & Chemical Corporation (Sinopec)
•Badische Anilin- und Sodafabrik
•The Dow Chemical Company
•Mitsubishi Chemical Corporation
•Minnesota Mining and Manufacturing Company
•Evonik Industries AG
•Covestro AG
•Westlake Epoxy LLC
•DuPont de Nemours Inc.
•NAN YA PLASTICS CORPORATION

What Are The Key Trends In The Epoxy Resin Market?
•Renewable energy technologies
•Emerging applications in 3D printing
•Growing demand in the wind energy sector
•Increased usage of waterborne epoxy resins
•Elevated usage in electronics and electrical applications

What Are The Segments Of The Global Epoxy Resin Market?
•By Type: DGBEA (Bisphenol A And ECH), DGBEF (Bisphenol F And ECH), Novolac (Formaldehyde And Phenols), Aliphatic (Aliphatic Alcohols), Glycidylamine (Aromatic Amines And ECH), Other Types
•By Physical Form: Liquid, Solid, Solution
•By Application: Paints And Coatings, Composites, Adhesives And Sealants, Other Applications
•By End-User: Building And Construction, Automotive, Large And Heavy Vehicles And Railroads, General Industrial, Consumer Goods, Wind Power, Aerospace, Marine, Other End-Users

Which Region Leads The Epoxy Resin Market?
Asia-Pacific was the largest region in the epoxy resin market in 2024. The growth in this region is primarily due to the strong presence of key market players and the high demand for epoxy resins in various industries, including construction, automotive, and electronics.

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What Is Covered In The Epoxy Resin Market Global Market Report?
- Market Size Analysis: Analyze the Epoxy Resin Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Epoxy Resin Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Epoxy Resin Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Epoxy Resin Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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This release was published on openPR.