Epoxy Resin Market- Market by Type (Solid, Liquid, Solution), Application (Paints & Coatings, Composites, Adhesives), and Region - Global Forecast 2024

Introduction

Epoxy resins are thermosetting resin developed by the process of copolymerization of an epoxide (glycidyl or oxirane group) with other compound having two hydroxyl groups. The market for epoxy resin has witnessed significant growth due to rising demand from various applications such as automotive & transportation, aerospace and wind energy. The major factor driving the growth of market include growing usage of epoxy resins in construction and automotive & transportation sector.

Market Dynamics

The increasing use of composites, investment in emerging economies (such as, India, China, Brazil, South East-Asia and Mexico) and high growth in end use industries is driving the market for epoxy resins, globally. Increased use of epoxy resins in consumer goods and emergence of new end users of epoxy resins such as wind energy and marine sector is expected to change the dynamics of the market in near future. However, growing opportunities across Asia-Pacific market; as well as emergence of need for lightweight and fuel efficient vehicles/aircraft are major opportunity areas for the market. The major challenges can be attributed include stringent regulatory approvals such as, Control of Substance for Hazardous health (COSH), European Union (EU), REACH etc. required for production along with limited market opportunities in developed economies of North America and Europe. Other important factor hindering the growth of epoxy resin market is volatility in raw material prices.

Download Table of Content: https://www.acumenresearchandconsulting.com/tentative-table-of-content/481

Market Classification and Overview

The Epoxy Resin Market is bifurcated on the basis of form factor/type, application, end-use industry, and geography. The different form/type of epoxy resins includes solid, liquid, and solution. Liquid epoxy resins is the largest market and is most widely used type as it caters to almost every type of application. It is more popularly used type of resin as it is easy to apply or convenient to use where there is a spatial constraints. However, solid epoxy resin is the fastest growing type in epoxy resin market. This is mainly because the use of solid resin is safer than liquid and solution type resins. The biggest problem with solution-based epoxy resin product is their high VOC content. Based on application, the market is further segmented into paints & coating, adhesive & sealants, composites and others. Paint & Coating accounts for nearly half of the global consumption of epoxy resin market and led the global epoxy resin market followed by composite and adhesive & sealants segments. Its growth is driven by increasing demand from end-use industries. Composite application is the fastest growing market owing to rising standard of living and the know-how about the benefits of composites in different applications. Increase in demand for lightweight material in automotive & transportation sector to increase fuel efficiency, and increased use of composite by Boeing and Airbus in the aerospace industry are the key drivers for the growth of composite resins segment.

​Request Customization: https://www.acumenresearchandconsulting.com/request-customization/481

​Regional Overview

The market for epoxy resin is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa (MEA). Asia-Pacific was the major contributors to the growth of epoxy resins market in 2015. North America was the second biggest market followed by Europe. The market for epoxy resin in Asia-Pacific is further projected to witness highest growth in coming years owing to rapid industrialization and growth in infrastructural activities in the region. The North American market for epoxy resin is likely to grow at a significant rate owing to the increase in demand from marine and automotive sector. The market will also experience increased demand from manufacturers of aircraft.

​Report Coverage

Market Epoxy Resin Market
Analysis Period 2014 – 2024
Historic Data 2014 – 2015
Base Year 2016
Forecast Data 2017 – 2024
Market Stratification Form Factor/Type, Application, End-Use Industry, Geography
Regional Scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Report Coverage Market Trends, Drivers, Restraints, Porter’s Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis

Market Participants

BASF SE, Sika AG, Aditya Birla Chemicals, DuPont, 3M, Atul Ltd. and Baling Petrochemical, Momentive, Cytec, Huntsman, Olin Corporation are the key players in the epoxy resin market. These players involved have adopted the strategies including mergers and acquisitions with local as well as established players.

Inquiry Before Buying: https://www.acumenresearchandconsulting.com/inquiry-before-buying/481

Market Segmentation

Market By Form Factor/Type

Solid

Liquid

Solution

Market By Application

Paints & coating

Adhesive & sealants

Composites

Others

Market By End-Use Industry

Automotive (Large & heavy vehicles & railroads)

Industrial

Building & construction

Wind power

Marine and Aerospace

Consumer goods

Market By Geography

North America

o US

o Canada

o Mexico

Europe

o UK

o Germany

o France

o Rest of Europe

Asia-Pacific

o China

o Japan

o India

o Australia

o Rest of Asia-Pacific

Latin America

o Brazil

o Rest of Latin America

Middle East and Africa (MEA)

o South Africa

o Saudi Arabia

o Rest of MEA

Buy Now This Report From Here: https://www.acumenresearchandconsulting.com/buy-now/0/481

About Us

Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

Contact –

Frank Wilson

Sales Manager | Acumen Research and Consulting

Email: frank@acumenresearchandconsulting.com

Ph – USA +1 716-2400-831

Asia-Pacific +912065600384

Website: https://www.acumenresearchandconsulting.com

This release was published on openPR.