Epoxy Resin Market

Epoxy resin is a thermosetting polymer formed by copolymerization of an epoxide with another compound having two hydroxyl groups. It is majorly used for non-reinforced applications such as paints and coatings, adhesives, and composites. Currently, vehicle manufacturers adopt lightweight composite materials to meet the demand for increased design freedom, flexibility, high strength, and reduced vehicle weight. More companies in more industries and more individuals have been using epoxy resin in recent years. The reasons for this are that epoxy resin does not corrode when exposed to most chemicals. The same is true when it’s exposed to the elements. It doesn’t show the general wear and tear that most other materials on Earth do. Epoxy resin is also very pliable and flexible. These are some of the reasons why transportation and other industries want to use epoxy resin.

Market Dynamics

The global epoxy resins market has witnessed significant growth in recent past years, owing to the rise in growth in construction industry and industrial development in Asia Pacific region. Asia Pacific is expected to be the fastest-growing region in the epoxy resins market, owing to the rising infrastructural developed, along with high growth in the automobile industries in the region.

Major players in the global epoxy resins market are increasing their investments on innovative product launchings, research and development and marketing and promotional activities to capitalize on emerging trends in various end-use industries such as transportation, construction, packaging, machinery, and others. This is expected to fuel the market growth during the forecast period.

Key features of the study:

• This report provides an in-depth analysis of the global epoxy resin market size (US$ Billion and Kilo tons), and Compound Annual Growth Rate (CAGR%) for the forecast period (2023 - 2030), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights into market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading players
• It profiles leading players in the global epoxy resin market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• The key companies covered as a part of this study include BASF SE, Huntsman Corporation, The Dow Chemical Company, 3M Company, DuPont, Aditya Birla Chemicals Ltd (Thailand), Momentive Specialty Chemicals Inc., Nan Ya Plastics Corporation, Kukdo Chemical Ltd., and NAMA Chemicals
• Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launches, product up-gradation, market expansion, and marketing tactics
• The global epoxy resin market report caters to various stakeholders in this industry including investors, suppliers, global epoxy resin manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global epoxy resin market

Detailed Segmentation:

• Global Epoxy Resin Market , By Application:
  • Paint and Coatings
  • Wind Energy
  •  Composites
  • Construction
  •  Electrical and  Electronics
  •  Adhesives
  • Others
• Global Epoxy Resin Market , By Region:
  • North America:
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Rest of Asia Pacific
  • Rest of World
• Company Profiles
  • BASF SE
  • Huntsman Corporation
  • The Dow Chemical Company
  • 3M Company
  • DuPont
  • Aditya Birla Chemicals Ltd (Thailand)
  • Momentive Specialty Chemicals Inc.
  • Nan Ya Plastics Corporation
  • Kukdo Chemical Ltd.
  • NAMA Chemicals