(MENAFN- GlobeNewsWire - Nasdaq) New York, United States , March 14, 2023 (GLOBE NEWSWIRE) -- The Global Epoxy Resin Market Size is to grow from USD 14.72 billion in 2021 to USD 22.73 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 6.68% during the forecast period, due to strong growth of the construction industry and the rising demand for electrical and electronic devices are driving the market growth during the forecast period. In additional, Increasing demand for paints & coatings is anticipated to significantly drive the market growth during the forecast period.
Global Economy: Recession Risk Rising Analysis and Russia-Ukraine Conflict War Impact we have added in the final premium report.
Get a Sample PDF Brochure:
Epoxy resins have been used in powder coatings, high solids coatings, and acrylic coating resins. As intermediates in UV coatings, epoxy resins are used. Epoxy resins crosslinked with polyisocyanate are used to manufacture electrodeposition automobile primers. Furthermore, epoxy resins aid in the development of coating properties like as strength, endurance, and chemical stability. Demand for epoxy coating in the electric vehicle (EV), marine, and aerospace industries is expected to boost the worldwide epoxy resin market even more. However, rising raw material costs in 2021 are the outcome of a changed supply-demand scenario during COVID-19, which was followed by lower production.
Browse 333 market data Tables and 47 Figures spread through 279 Pages and in-depth TOC on the 'global epoxy resin market size , Share, and COVID-19 Impact Analysis, By Type(DGBEA, DGBEF, Novolac, Aliphatic, Glycidylamine, Other), By Application (Paint & Coatings, Construction, Electrical & Electronics, Wind Turbine, Composites, Civil Engineering, Adhesive & Sealants, Others), By End-Use (Automotive, Transportation, Building & Construction, Consumer Goods, General Industrial, Wind Energy, Aerospace& Defence, Marine, Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030.' in detail along with the table of contents:
Buy Now Full Report:
The DGBEA segment is witnessing significant CAGR growth over the forecast period.
On the basis of type, the Global Epoxy Resin Market is segmented into DGBEA, DGBEF, novolac, aliphatic, glycidylamine, and others. Among these, the DGBEA segment is expected to increase at a significant CAGR during the forecast period. It is used in a wide range of consumer and industrial applications due to its toughness, good adhesion, chemical resistance, and other specialized features like low shrinkage and moisture absorption.
The paint & coatings segment is dominating the market over the forecast period.
On the basis of application, the Global Epoxy Resin Market is segmented into paint & coatings, construction, electrical & electronics, wind turbine, composites, civil Engineering, adhesive & sealants, and others. Among these, the paint & coatings segment is witnessing significant CAGR growth over the forecast period. They offer superior anti-corrosion properties and a low VOC content (VOCs). Epoxy resin-based paint and coating are applied to the inside and exterior surfaces of commercial, residential, institutional, and industrial structures.
The consumer goods segment is dominating the market with the largest market share of 33% over the forecast period.
Based on the end-use, the Global Epoxy Resin Market is segmented into automotive, transportation, building & construction, consumer goods, general industrial, wind energy, aerospace & defence, marine, and others. Among these, the consumer goods segment is dominating the market with the largest market share of 33% over the forecast period. Physical and mechanical strength, chemical resistance, and shock and vibration resistance distinguish its use in electrical applications.
Inquire Before Buying This Research Report:
Asia Pacific is dominating the market with the largest market share of 58%.
Asia Pacific, with a 41% market share, is expected to remain the industry's leading region during the projection period. The expanding number of building activities and rising demand from the automotive sector in emerging nations such as India, Japan, and South Korea are projected to drive the market throughout the forecast period. Furthermore, the ease of access to raw materials has created a huge possibility for the application of epoxy resin-based products in a variety of end-use sectors. The rising number of infrastructure development projects, as well as the quickly expanding manufacturing industry, is likely to drive the market throughout the forecast period.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major players in the Global Epoxy Resin Market include 3M, Dow Inc., Atul Ltd., BASF SE, Solvay, Huntsman International LLC, Kukdo Chemical Co., Ltd., Olin Corp., Sika AG, Nan Ya Plastics Corp., DIC Corporation, Jiangsu Sanmu Group Co., Ltd., Jubail Chemical Industries LLC, Chang Chun Group, China Petrochemical & Chemical Corp., Hexion Inc., Kolon Industries, Inc., Techstorm Advanced Materials, NAGASE & Co., Ltd., Aditya Birla Management Corp. Pvt. Ltd., and among others
Get Discount At @
Recent Development
In December 2020, Gabriel Performance Products, established in North America, was purchased by Huntsman Corporation. Gabriel is utilized to provide epoxy-curing ingredients for coatings, composites, sealants, and adhesives. Huntsman's formulation expertise and competitiveness in the North American epoxy market were boosted by this acquisition.
Key Target Audience
Investors End-users Government Authorities Consulting and Research Firm Venture capitalists Value-Added Resellers (VARs) Market Players
Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the Global Epoxy Resin Market based on the below-mentioned segments:
Global Epoxy Resin Market, By Type
DGBEA DGBEF Novolac Aliphatic Glycidylamine Other
Global Epoxy Resin Market, By Application Type
Paint & Coatings Construction Electrical & Electronics Wind Turbine Composites Civil Engineering Adhesive & Sealants Others
Global Epoxy Resin Market, By End-Use
Automotive Transportation Building & Construction Consumer Goods General Industrial Wind Energy Aerospace & Defence Marine Others
Global Epoxy ResinMarket, By Regional Analysis
North America Europe Germany Uk France Italy Spain Russia Rest of Europe
Asia Pacific China Japan India South Korea Australia Rest of Asia Pacific
South America Brazil Argentina Rest of South America
Middle East & Africa UAE Saudi Arabia Qatar South Africa Rest of the Middle East & Africa
Browse Related Reports
Global Pneumonia Therapeutics Market Size , Share, and COVID-19 Impact Analysis, By Product (Drugs, Branded, Quinolones, Aminopenicillins, Macrolides, B-lactamase Inhibitors, Cephalosporins, Tetracyclines, Glycopeptides, Generics, Vaccines, Oxygen Therapy), By Distribution Channel (Hospitals, Pharmaceutical Stores, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030.
Global Drone Market Size , Share, and COVID-19 Impact Analysis, By Type (Fixed Wing Drone, Rotary Wing Drone), By Product Type (Commercial Drone, Military Drone, Other Types), By Propulsion (Heat Engine, Electrical Engine, Jet Engines, Others), By Application (Construction, Agriculture, Aerial Surveying, Entertainment, Combat Operations, Border Security, Law Enforcement, Other Applications) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030.
Global Bioidentical Hormones Market Size , Share, and COVID-19 Impact Analysis, By Product (Tablets & Capsules, Creams & Gels, Injectables, Patches & Implants, Others), By Administration (Oral, Parenteral), By End User (Hospitals, Clinics, Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030.
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: + 1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: ,
Contact Us:
Follow Us: linkedin | facebook | twitter
Tags epoxy resin epoxy resin market epoxy resin market size epoxy resin market share epoxy resin market price epoxy resin demand si Related Links global alopecia market size global aesthetic medicine market size global ophthalmic drugs market size global network attached storage market size japan automotive filter market size global powered surgical instruments market size global legalized cannabis market size global sterilization equipment market size global capnography market size global 3d bioprinting market size global contact lenses market size global forklift truck market size
Comments
No comment