Key Influencer in the Epoxide Market 2025: Rising Construction And Infrastructure Fuels Growth In The Epoxide Market Driver

How Are the key drivers contributing to the expansion of the epoxide market?
The expansion in construction and infrastructure is anticipated to fuel the epoxide market's growth. The term construction refers to the building of structures such as houses, workplaces, or roadways. Infrastructure, on the other hand, encompasses critical systems and facilities like transportation, power, and water that sustain societal functionality. Factors like urbanization, population expansion, and the desire for upgraded facilities drive this growth in construction and infrastructure. Epoxide resins, known for their powerful adhesive qualities and longevity, are a popular choice for construction materials. They enhance the robustness of concrete and coatings, resulting in more durable and resilient buildings and infrastructure. As an example, in August 2023, a report by Deloitte Touché Tohmatsu Limited, a UK-based firm specializing in professional services, based on data obtained from the US Census Bureau, revealed total construction expenditure stood at $1.98 trillion in 2023, a 7.4% increase from August 2022. Hence, the growth in construction and infrastructure is a significant driver for the expansion of the epoxide market.

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What growth opportunities are expected to drive the epoxide market's CAGR through 2034?
The size of the epoxide market has seen commendable growth recently. The market, currently valued at $73.8 billion in 2024, is projected to climb to $78 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.7%. This surge in the historical timeframe can be linked to factors like industrial use cases, progress in material science, expansion in the construction and infrastructure sector, growth of the automotive industry, and the increase in consumer electronics.

The market for epoxide is projected to witness a robust expansion over the upcoming years, reaching $103.45 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 7.3%. The anticipated growth during this period can be credited to the rise in electric vehicles (EVs), the use of biocompatible materials, the resilience of infrastructure, advancements in electronics manufacturing, and circular economy initiatives. Significant trends expected during this forecast period comprise renewable energy technologies, biobased epoxides, high-efficiency applications, technological progress, as well as collaborations and partnerships.

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What are the emerging trends shaping the future of the epoxide market?
Major innovators in the epoxide market are experiencing a surging trend of product innovation. The primary focus is on the improvement of epoxide products like styrene-free pure and eco-friendly epoxy resins, in an attempt to offer extended durability while simultaneously lessening their ecological impact and promoting a more sustainable process. Take for instance, Bossong SPA, a renowned mechanical and chemical anchor manufacturer from Italy. In October 2022, they introduced a groundbreaking bi-component styrene-free pure epoxy resin known as E-Plus. Engineered to be earthquake-resistant and eco-friendly, E-Plus has been designed to meet the construction sector's needs while also minimizing environmental repercussions. It boasts an impressive 100-year lifespan - double that of standard resins - and demonstrates fire resistance. Its versatility is equally impressive, as it can be utilized with wood, masonry, and concrete under a range of temperatures due to its non-shrink properties.

Which growth-oriented segments of the epoxide market are leading the industry's development?
The epoxide market covered in this report is segmented -

1) By Type: Ethylene Oxide, Propylene Oxide
2) By Component: Epoxies, Hardeners
3) By Application: Coated Fabric, Wire And Cable, Flooring And Wall Coverings, Film And Sheet, Medical Devices, Consumer Goods, Other Applications

Subsegments:
1) By Ethylene Oxide: Ethylene Oxide, Ethylene Glycol, Ethylene Oxide Copolymers, Ethylene Oxide Derivatives
2) By Propylene Oxide: Propylene Oxide, Propylene Glycol, Polyether Polyols, Propylene Oxide Derivatives

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What regions are leading the charge in the epoxide market?
North America was the largest region in the epoxide market in 2024. Asia-Pacific is expected to be the fastest-growing region in the epoxide market during the forecast period. The regions covered in the epoxide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What companies are at the forefront of innovation in the epoxide market?
Major companies operating in the epoxide market include Exxon Mobil Corporation, BASF SE, Badische Anilin- und SodaFabrik, Dow Inc., Huntsman International LLC, LG Chem Ltd., 3M Company, Wanhua Industrial Group Co. Ltd., Covestro AG, Solvay SA, Nan Ya Plastics Corporation, Eastman Chemical Company, Olin Corporation, LANXESS Deutschland GmbH, Lubrizol Corporation, Daelim Co. Ltd., Daicel Corporation, ADEKA CORPORATION, Evonik Industries AG, Hexion, Ashland Global Holdings Inc., UPC Technology Corporation, KUKDO CHEMICAL CO. LTD., Atul Ltd., Dymax Corporation, Galata Chemicals Galata Chemicals LLC, INEOS Capital Limited, Chang Chun Plastics Co. Ltd., Jiangsu Sanmu Group

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What Is Covered In The Epoxide Global Market Report?

•Market Size Forecast: Examine the epoxide market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the epoxide market for a structured understanding.
•Key Players Overview: Analyze major players in the epoxide market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the epoxide market.
•Segment Contributions: Evaluate how different segments drive overall growth in the epoxide market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the epoxide market.
•Industry Challenges: Identify potential risks and obstacles affecting the epoxide market.
•Competitive Landscape: Review strategic developments in the epoxide market, including expansions, agreements, and new product launches.

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This release was published on openPR.