The global epoxy resin market is projected to reach $7,001.1 million by 2030

SEATTLE, September 15, 2022 /PRNewswire/ — The Global epoxy resin market estimated estimated U.S$ 3,942.5 million in 2021 and is expected to issue a CAGR of 6.9% during the forecast period (2022-2030).

button Trends and Analysis of the Global Epoxy Resins Market:

Epoxy resin is a thermosetting polymer formed by the copolymerization of an epoxide with another dihydric compound. Epoxy resin is primarily used for non-reinforced applications such as adhesives, composites, and paints and coatings. Currently, vehicle manufacturers are using lightweight composites to meet demands for increased design freedom, high strength, flexibility, and reduced vehicle weight. In addition, the demand for epoxy in the aerospace industry for the assembly of helicopter rotor blades and aircraft fairings has increased at a faster rate. High heat and pressure along with epoxy’s lightweight and robust tolerance make it ideal for use in the aircraft industry, which in turn is fueling the world’s growth epoxy resin market. All these factors are expected to increase the epoxy resin market growth in the aerospace industry during the forecast period.

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Key market takeaways:

The global epoxy resin market is anticipated to show a CAGR of 6.94% during the forecast period (2022-2030). The paints & coatings application segment dominated the market. Epoxy resin-based paints and coatings are widely used in the shipbuilding industry, sewage treatment plants, residential and commercial buildings, and the automotive industry, among others. Epoxy resin based paints and coatings are used to coat the interior and exterior surfaces of commercial, residential, administrative and industrial buildings. The application of these paints and coatings not only increases the aesthetics of surfaces, but also protects them from UV radiation and extreme temperatures without fading, cracking or peeling.

In terms of form, the liquid segment dominated epoxy resin market in terms of volume and value in 2021 and is expected to continue its dominance over the forecast period. Liquid epoxies are stable for long periods at room temperature and possess superior properties such as dimensional stability during cure, chemical resistance, chemical inertness, durability and excellent adhesion.

Epoxies are used in hybrid circuits, insulators, transformers, printed circuit boards, overmold transistors, integrated circuits and are an essential part of the electronics industry. This application in electrical applications is characterized by physical and mechanical strength, chemical resistance and resistance to shock and vibration.

Major players operating worldwide epoxy resin market contain BASF SE, Huntsman Corporation, The Dow Chemical Company, 3M Company, DuPont, Aditya Birla Chemicals Ltd (Thailand), Momentive Specialty Chemicals Inc., Nan Ya Plastics Corporation, Kukdo Chemical Ltd. and NAMA Chemicals.

Mergers and acquisitions, strategic collaborations, new product launches and business expansions are the key strategies employed by the major players to keep their market share. For example, Covestro, a manufacturer of polyurethane and polycarbonate-based raw materials, completed the acquisition of Royal DSM’s Resins & Functional Materials (RFM) business in April 2021. Royal DSM is a multinational company active in the health, nutrition and materials sectors. The acquisition is intended to help Covestro expand its portfolio of resins.

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Detailed segmentation:

Global Epoxy Resins Market By Application:

    • Colors & Coatings
    • wind energy
    • composites
    • construction
    • electric
    • adhesives
    • Other

Global Epoxy Resins Market by Regions:

    • North America
    • Europe
      • By country:
        • United Kingdom
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • the rest of Europe
    • Asia Pacific
      • By country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • the rest of Asia Pacific
    • Latin America
      • By country:
        • Brazil
        • Mexico
        • Argentina
        • the rest of Latin America
    • middle East & Africa
      • By country:
        • GCC countries
        • Israel
        • South Africa
        • the rest of middle East & Africa

company profiles

    • United company RUSAL Plc*
      • company overview
      • product portfolio
      • financial performance
      • key strategies
      • Recent Developments
      • future plans
    • Alcoa Inc.
    • Aluminum Corp. of China Ltd.
    • Kaiser Aluminum Corporation
    • Norsk Hydro ASA
    • Dubai Aluminum Co.
    • constellation
    • Kobe steelGmbH.
    • Aluminum Bahrain BSC

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