Epoxy Resin Market Insights:
The global Epoxy Resin Market was valued at USD 8.83 Billion in 2021 and is anticipated to grow at a CAGR of 7.21% and is expected to reach USD 16.52 Billion by 2030.
Driver:
The increased adoption of Epoxy Resin in the Petrochemicals industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Epoxy Resin also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Epoxy Resin in many sectors also boosts the market growth during the forecast period.
Epoxy resin is a thermosetting polymer that is created by copolymerizing an epoxide with another molecule that has two hydroxyl groups. It’s mostly employed in non-reinforced applications including paints and varnishes, adhesives, and composites. Vehicle makers are currently utilising lightweight composite materials to address the demand for more design freedom, flexibility, high strength, and decreased vehicle weight.
Epoxy Resin Market Research Report” was just released by Market Research Community. It is divided into several categories, including By type (DGBEA (bisphenol A & ECH), DGBEF (bisphenol F &ECH), Novolac (formaldehyde & phenols), Aliphatic (aliphatic alcohols), Glycidylamine (aromatic amines & ECH), Others), By Foam (Solid, Liquid), By Application (Paints & Coatings, Adhesives & sealants, Composites, Electronic Encapsulation, Others), By End Use Industry (Building &construction, Transportation, General industrial, Consumer goods, Wind energy, Aerospace, Marine), and companies (Nan Ya Plastics Corp., Jiangsu Sanmu Group Co., Ltd., Jubail Chemical Industries LLC, China Petrochemical & Chemical, Corp. (SINOPEC), Hexion, Kolon Industries, Inc., Techstorm, NAGASE & Co., Ltd., 3M, Aditya Birla Management Corp. Pvt. Ltd., Atul Ltd., BASF SE, Solvay, Huntsman International LLC, Kukdo Chemical Co., Ltd., Olin Corp., Sika AG), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 7.21%, over the forecast period of 2022–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 16.52 Billion |
| CAGR (2022-2030) | 7.21% |
| By Type | DGBEA (bisphenol A & ECH), DGBEF (bisphenol F &ECH), Novolac (formaldehyde & phenols), Aliphatic (aliphatic alcohols), Glycidylamine (aromatic amines & ECH), Others |
| By Form | Solid, Liquid |
| By Application | Paints & Coatings, Adhesives & sealants, Composites, Electronic Encapsulation, Others |
| By End Use Industry | Building &construction, Transportation, General industrial, Consumer goods, Wind energy, Aerospace, Marine |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Nan Ya Plastics Corp., Jiangsu Sanmu Group Co., Ltd., Jubail Chemical Industries LLC, China Petrochemical & Chemical, Corp. (SINOPEC), Hexion, Kolon Industries, Inc., Techstorm, NAGASE & Co., Ltd., 3M, Aditya Birla Management Corp. Pvt. Ltd., Atul Ltd., BASF SE, Solvay, Huntsman International LLC, Kukdo Chemical Co., Ltd., Olin Corp., Sika AG |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Epoxy Resin market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Nan Ya Plastics Corp., Jiangsu Sanmu Group Co., Ltd., Jubail Chemical Industries LLC, China Petrochemical & Chemical, Corp. (SINOPEC), Hexion, Kolon Industries, Inc., Techstorm, NAGASE & Co., Ltd., 3M, Aditya Birla Management Corp. Pvt. Ltd., Atul Ltd., BASF SE, Solvay, Huntsman International LLC, Kukdo Chemical Co., Ltd., Olin Corp., Sika AG
Market Segment Analysis:
By Type
- DGBEA (bisphenol A & ECH)
- DGBEF (bisphenol F &ECH)
- Novolac (formaldehyde & phenols)
- Aliphatic (aliphatic alcohols)
- Glycidylamine (aromatic amines & ECH)
- Others
By Form
- Solid
- Liquid
By Application
- Paints & Coatings
- Adhesives & sealants
- Composites
- Electronic Encapsulation
- Others
By End Use Industry
- Building &construction
- Transportation
- General industrial
- Consumer goods
- Wind energy
- Aerospace
- Marine
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Epoxy Resin industries in the region.
Key Epoxy Resin Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Epoxy Resin Market segments.
– Largest Market Share Held by Industry to Industry for Epoxy Resin
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Epoxy Resin Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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