Epoxide Market to Surpass $100.54 Billion by 2029 | Key Trends & Insights

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How Will the Epoxide Market Grow by 2025 in Terms of Size and Growth?
The growth of the epoxide market has been consistent in the past few years, expanding from $73.8 billion in 2024 to a projected $76.78 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.0%. Factors contributing to this growth during the historic period include its use in various industrial applications, advances in material science, the development of infrastructure and construction, automotive sector expansion, and the surge in consumer electronics.

What Are the Estimated Growth Rates for the Epoxide Industry Through 2029?
The market for epoxides is projected to experience robust growth in the coming years, expanding to a value of $100.54 billion by 2029 with a CAGR of 7.0%. This forecasted growth can be credited to a rise in electric vehicles, biocompatible materials, resilient infrastructure, advanced manufacturing of electronics, and the emphasis on a circular economy. Key trends to watch for during the forecast period are renewable energy technologies, bio-based epoxides, high-performance applications, technological advancements, and strategic collaborations and partnerships.

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What Are the Strategic Drivers Boosting Epoxide Market Performance?
The growth of the epoxide market is expected to be spurred on by an increase in construction and infrastructure development. Construction involves the creation of structures such as homes, offices, and roadways, while infrastructure refers to vital systems and facilities, including transportation, power, and water that are integral to a society's operation. These sectors are expanding due to urbanisation, population growth, and the demand for more modern facilities. Epoxide resins, favoured for their firm adhesive capabilities and durability, are commonly used in construction materials. They enhance the robustness of concrete and coatings, thereby boosting the resilience and longevity of buildings and infrastructure. For example, as per an analysis by Deloitte Touché Tohmatsu Limited, a UK-based professional services firm, of data released by the US Census Bureau, total construction expenditure in August 2023 was $1.98 trillion, reflecting a 7.4% increase from August 2022. Hence, the expanding construction and infrastructure sectors are fueling the growth of the epoxide market.

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What Are the Segments in the Epoxide Market?
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

What Are the Key Adoption Trends in the Epoxide Market?
Enhancing product innovation is a trend that is increasingly becoming significant in the epoxide market. The focus for major players in the epoxide field is to improve upon epoxide offerings like styrene-free pure and green epoxy resins for longevity and lower carbon emissions to promote eco-friendliness. Take for instance Bossong SPA, a Italian manufacturer of mechanical and chemical anchors. In October 2022, they unveiled E-Plus, a ground-breaking bi-component styrene-free pure epoxy resin. This green chemical anchor, which is earthquake resistant, is created to meet the construction sector's needs while also minimizing environmental repercussions. E-Plus, with a 100-year lifespan - twice that of traditional resins - and flame resistance, can be employed with wood, masonry, and concrete across varying temperatures due to its non-shrinking properties.

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Which Companies Lead the Competitive Landscape of the Epoxide Industry?
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

Where Are the Key Epoxide Market Opportunities by Region?
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.

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Speak With Our Expert:Saumya Sahay,
Americas +1 310-496-7795,
Asia +44 7882 955267 & +91 8897263534,
Europe +44 7882 955267,
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
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