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The global epoxy resin market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Epoxy resin or polyepoxides refers to a type of reactive polymer that is derived from petroleum sources containing epoxide groups. They are commonly available in aliphatic alcohols, novolac (formaldehyde and phenols) and glycidyl amine (aromatic amines and ECH) variants. They are commonly incorporated in electronic encapsulation, paints and coating, composites, wind turbines, adhesives, and sealants. Epoxy resins exhibit various properties, such as high thermal stability, prolonged durability, superior mechanical strength and adhesion, and resistance to chemicals and moisture. They also provide enhanced performance and have the ability to adapt to any application. As a result, epoxy resin finds extensive application across marine, transportation, wind energy, aerospace, building and construction industries.
The increasing demand for paints and coatings across the globe is driving the growth of the market. Epoxy resins are widely used as binders for coating applications as they provide high resistance to corrosion and enhance the durability of coating or primers for metal and floor applications. In line with this, the widespread adoption of epoxy powder coatings in dryers, washers, water transmission pipelines, steel pipes and fittings are further contributing to the market growth. Additionally, the introduction of biobased and eco-friendly epoxy resins manufactured from natural and sustainable resins due to the rising environmental consciousness among consumers is providing an impetus to the market growth. Apart from this, the widespread product adoption in the automotive industry due to the increasing demand for lightweight composite materials for enhancing strength, flexibility and reducing vehicle weight is positively impacting the market growth. Apart from this, significant growth in the construction industry and the increasing demand for electrical and electronic devices, are creating a positive outlook for the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global epoxy resin market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, form, application and end use industry.
Breakup by Type:
Breakup by Form:
Breakup by Application:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aditya Birla Group Chemicals, Atul Ltd., BASF SE, Chang Chun Group, Covestro AG, Daicel Corporation, Dupont De Nemours Inc., Hexion Holdings Corporation, Huntsman International LLC, Kukdo Chemicals Co. Ltd., Nan Ya Plastics Corporation, Olin Corporation and Sika AG.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Form, Application, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Aditya Birla Group Chemicals, Atul Ltd., BASF SE, Chang Chun Group, Covestro AG, Daicel Corporation, Dupont De Nemours Inc., Hexion Holdings Corporation, Huntsman International LLC, Kukdo Chemicals Co. Ltd., Nan Ya Plastics Corporation, Olin Corporation and Sika AG.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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