The global demand for epoxy resins is fueled by rapidly expanding wind energy capacity installation owing to the shift towards the development of renewable energy.
Market Size – USD 7.42 Billion in 2018, Market Growth – CAGR of 5.3%, Market Trends – High demand from paint and coating industry.
The global Epoxy Resins Market is forecast to reach USD 11.86 Billion by 2027, according to a new report by Reports and Data. Epoxy resin is a molecule that contains more than one epoxide group.
Epoxy resins are thermosetting polymers and are used as high-performance coatings, adhesives, and potting and encapsulating materials. They also have excellent electrical properties, low shrinkage, and good adhesion to many metals and are resistant to moisture, thermal, and mechanical shock. Viscosity, epoxide equivalent weight, and molecular weight are the important properties of epoxy resins.
Increasing demand for the resin in paints and coatings industry owing to the positive growth of automotive and construction globally has driven the epoxy resins market. Growth in end-use industries such as marine coatings, aerospace, transportation, decorative powder coatings, electrical & electronic laminates, and composites, are affecting the market positively. An increase in research and development by key participants, along with technology innovation in the field of modified resins, are expected to provide ample opportunities for growth of epoxy resins
Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.
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The report covers the market dynamics analysis, company profiles, production and manufacturing capacity, product specifications, product value, and key players. The report also offers an insight into the growth prospects during the forecast period. The Epoxy Resins Market report also offers detailed data on the key market players to impart a deeper understanding of the competitive landscape. The report focuses on the key market elements to ensure the readers gain a competitive advantage and maximum benefit of the market data to assist them in achieving substantial growth and an advantageous position in the global market.
Key findings of the report:
Epoxy resin is among the commonly used thermosetting polymer in aircraft structures. It is used as the matrix phase in carbon-fiber composites for aircraft structures and is also used as an adhesive in aircraft structural repairs and joints.
The reactivity of the epoxy resins allows them to bond easily with fibers and their toughness. This thermoset resins, when combined with carbon, glass, or aramid fibers, produce composite materials with the best properties of most thermosets.
Diglycidil Ether of Bisphenol-A is an organic compound used as a constituent of epoxy resins. This compound is a colorless solid that melts slightly above room temperature. This type of epoxy resin has gained much attention as a potential endocrine disruptor. It also has antiandrogen and PPARγ-modulating properties.
Solid epoxy resin is mainly used in paints and coatings, or as a modifier for other epoxy resins to enhance impact strength, adhesion, and extensibility.
Usage of epoxy resins in adhesives is one of its most common application. The strong-properties of the epoxy allow for engineering and structural adhesives. Generally, it is used in the construction of aircraft, snowboards, vehicles, and bicycles.
Asia Pacific dominated the market for epoxy resins. The demand for the market is high in the region because of the increase in the number of consumers. The major end-user of the product in the region is the paints and coatings industry. The presence of big companies such as AkzoNobel, Asian Paints, Nippon Paints, Kansai Paints, and PPG is driving the market for epoxy resins in the region.
Key participants include Olin Corporation, Hexion Inc., Huntsman Corporation, BASF SE, 3M Company, Aditya Birla Chemicals, Sinopec Corporation, Covestro AG, Solvay SA, and Evonik Industries AG, among others.
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For the purpose of this study, the global Epoxy Resins market has been segmented on the basis of disease type, application, distribution channel, and region:
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Form Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Solid Epoxy Resin
Liquid Epoxy Resin
Solution Epoxy Resin
Applications Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Adhesive and Sealants
Paints and Coatings
End Users Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Building and Construction
By Region (Revenue, USD Million; 2017-2027)
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
Key Coverage of the Report:
- An in-depth analysis of the historical years and the forecast period has been offered in the report
- Epoxy Resins Market dynamics, including key drivers, challenges, restraints, threats, and growth opportunities have been analyzed in reports
- SWOT analysis and Porter’s Five Forces analysis with feasibility analysis and investment return analysis
- Competitive landscape benchmarking along with a comprehensive overview of their company profiles, product portfolios, strategic business decisions, and financial standings
- The report covers mergers and acquisitions, product launches and brand promotions, joint ventures, collaborations, and partnerships among few
- Pictorial representation of the key statistical data into graphs, tables, charts, diagrams, and figures
- An in-depth analysis of the current and emerging market trends and developmental patterns
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