The Epoxy Resin Global Market Report 2023 by The Business Research Company, provides epoxy resin market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Epoxy Resin Global Market Report 2023, the market size grew from $10.64 billion in 2022 to $11.55 billion in 2023, at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global epoxy resin is expected to grow to $15.77 billion in 2027 at a CAGR of 8.1%.
The rising demand for epoxy resin from the automotive industry is expected to propel the growth of the epoxy resin market. The automotive industry refers to the design, manufacturing, and selling of motor vehicles that uses epoxy resin to paint the body of automobiles. The use of epoxy resin as a protective coating extends the life of automobiles.
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The epoxy resin market is segmented:
1) By Type: DGBEA (Bisphenol A And ECH), DGBEF (Bisphenol F And ECH), Novolac (Formaldehyde And Phenols), Aliphatic (Aliphatic Alcohols), Glycidylamine (Aromatic Amines And ECH), Other Types
2) By Physical Form: Liquid, Solid, Solution
3) By Application: Paints And Coatings, Composites, Adhesives And Sealants, Other Applications
4) By End-User: Building And Construction, Automotive, Large And Heavy Vehicles And Railroads, General Industrial, Consumer Goods, Wind Power, Aerospace, Marine, Other End-Users
Product innovation is a key trend gaining popularity in the epoxy resin market going forward. Major companies operating in the epoxy resin market are focused on product innovations to strengthen their position in the market. For instance, in April 2022, Hexion Inc., a USA-based chemical manufacturer that develops chemical materials and performance resins, launched the products EPON LY Resin 1810 and EPIKURE LY Curing Agent 3801. These chemicals are used to minimize the yellowing of epoxy coating on household and commercial surfaces to improve performance, cure, lessen air emissions, and increase surface strength.
Top Major Players
Sika AG,
Olin Corporation,
Huntsman International LLC,
Kukdo Chemical,
Aditya Birla Chemicals
The epoxy resin market report table of contents includes:
- Executive Summary
- Epoxy Resin Market Characteristics
- Epoxy Resin Market Trends And Strategies
- Epoxy Resin Market – Macro Economic Scenario
- Epoxy Resin Market Size And Growth
- Epoxy Resin Market Segmentation
- Epoxy Resin Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Epoxy Resin Market
- Epoxy Resin Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Epoxy Resin Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Epoxy Resin Market, Segmentation By Physical Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Epoxy Resin Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 47: Sika AG Financial Performance
Table 48: Olin Corporation Financial Performance
Table 49: Huntsman International LLC Financial Performance
Table 50: Kukdo Chemical Financial Performance
Table 51: Aditya Birla Chemicals Financial Performance
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