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Epoxy Resin Market Analysis, Size, Share, Major Players, Growth, Opportunities and Forecast 2030

The Epoxy Resin market is likely to experience a significant increase by reaching 5000 thousand tonnes in 2030, at a CAGR of 4.05% in the upcoming years.


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ChemAnalyst

5 months ago | 4 min read

According to ChemAnalyst report, “Global Epoxy Resin Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Grade, Type, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030”, The Epoxy Resin market is likely to experience a significant increase by reaching 5000 thousand tonnes in 2030, at a CAGR of 4.05% in the upcoming years. In the upcoming years, the market for Epoxy Resin is anticipated to grow due to rising demand from end-use industries such as Paints & Coatings, Electrical & Electronics, Construction, Composite Materials, Adhesives, and Others.

Epoxy Resin is a thermosetting polymer with excellent bind adhesion strength. These resins possess properties such as corrosion resistance, high thermal stability, high mechanical strength, high chemical and environmental resistance, and high durability. These resins are widely employed as adhesives and find applications in numerous industries. Some of these  industries are building & construction sector, solar cells, electronic appliances, and spacecraft sector.

Moreover, globally, the increase in demand for Epoxy Resin is majorly due to their properties. Epoxy resins are versatile resins with many applications. It is widely used as an adhesive for applications in the construction and automobiles. The market for Epoxy Resins is anticipated to be driven by rising demand for lightweight, high-performance materials from the construction and automotive industries owing to rapid urbanization. Furthermore, they are heavily used in the Paints & Coatings sector, which is anticipated to rise. Owing to the urbanization, the requirement of paints, coatings, varnishes, and adhesives is bound to rise, anticipated to swell the Epoxy Resin market. Moreover, its application as a sealant in solar cells and space craft parts is expected to expand the market by 2030.

Read Full Report Here: https://www.chemanalyst.com/industry-report/epoxy-resin-market-597

The Epoxy Resin market is segmented based on type, grade, end-use, sales channel, and region. Based on type, the Epoxy Resin market is segregated into Bisphenol A Based Resin, Bisphenol F Based Resin, Epoxy Phenol Novolac Based Resin, Cycloaliphatic Epoxy Based Resin, and Others. Bisphenol A Based Resins are driving the market growth and mostly employed for manufacturing polycarbonate plastic. Based on grade, the Epoxy Resin market is segregated into Liquid, Semi-Solid, and Solid.  Liquid Epoxy Resin dominates the market which are useful for a range of industrial applications including Fiberglass casting, floor covering, sealants, coatings, and encapsulants.

Based on end-uses, the Epoxy Resin market is segregated into Paints & Coatings, Electrical & Electronics, Construction, Composite Materials, Adhesives, and Others. The largest consumer of Epoxy Resin is the Paints & Coatings industry with a consumption of approximately 40% of the global market in 2021. Owing to the superior resistance towards chemicals, acids, and bases, Epoxy Resin is widely employed in these industries.

Asia Pacific is the leading consumer of Epoxy Resin among all other regions. The application of Epoxy Resin in construction industry is the primary driver of the growing demand for Epoxy Resin in this region. China is the leading producer of Epoxy Resin on the global level.

 “Global Epoxy Resin Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Grade, Type, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030”, the significant players functional in the Epoxy Resin market include Olin Coporation, Nan Ya Plastics Co Ltd, Jiangsu Sanmu Group, Kukdo Chemical Co., Ltd., Hexion Inc., Kumho P&B Chemicals, Huntsman Corporation, Nantong Xincheng Synthetic Material Co Ltd, Zhuhai Hongchang Electronic Material Co Ltd, Jiangsu Yangnong Kumho Chemical Co., Ltd., Sinopec Baling Petrochemical Co., Ltd, and NAMA Chemicals.

Book A Demo for Epoxy Resin Market Report

“The rapidly increasing demand for adhesives and paints in construction sector is expected to boost the Epoxy Resin market in the forecast period until 2030. Due to its high resistance to chemicals, gases, water, high-temperature, and corrosion, Epoxy Resin finds its application in construction and automobile industry. Moreover, its applications as an adhesive in solar cells and aerospace is expected to further grow the demand of Epoxy Resins in the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

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ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.


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