The High-Purity Epoxy Resin Global Market Report 2023, provides comprehensive information on the high-purity epoxy resin market 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 year forecast period – 2023-2032.
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As per The Business Research Company’s High-Purity Epoxy Resin Global Market Report 2023, the market is expected to grow from $1.40 billion in 2022 to $1.49 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 high-purity epoxy resin market is expected to reach $1.86 billion in 2027 at a CAGR of 5.6%.
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Product innovation is the key trend gaining popularity in the high-purity epoxy resin market. Major companies operating in the high-purity epoxy resin market are creating revolutionary products to improve their market share. For instance, in May 2022, Hexcel Corporation, a US-based manufacturer of epoxy resins and structural materials, launched a new line of goods called HexPly Nature Range. It includes HexPly M49, M78.1-LT, and M79 bio-derived epoxy resin components that maintain exceptional properties while offering robust mechanical performance and consistent processing features. Additionally, the HexPly Nature Range offers pre-preg alternatives reinforced with natural fibers that are relatively easy to incorporate into modern manufacturing processes. They are used to develop material solutions for automotive, winter sports, marine, and wind energy applications
The high-purity epoxy resin market is segmented:
1) By Type: Electrical Grade, Optical Grade, Industrial Grade
2) By Application: Semiconductor Encapsulation, Electronic Components, Light Emitting Diode(LED) Packaging, Fiber Optics
3) By End-User Industry: Electronics, Aerospace, Automotive, Communication, Energy
Asia-Pacific was the largest region in the high-purity epoxy resin market in 2022.
The table of contents in TBRC’s high-purity epoxy resin market report includes:
1. Executive Summary
2. High-Purity Epoxy Resin Market Characteristics
3. High-Purity Epoxy Resin Market Trends And Strategies
4. High-Purity Epoxy Resin Market – Macro Economic Scenario
5. Global High-Purity Epoxy Resin Market Size and Growth
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26. South America High-Purity Epoxy Resin Market
27. Brazil High-Purity Epoxy Resin Market
28. Middle East High-Purity Epoxy Resin Market
29. Africa High-Purity Epoxy Resin Market
30. High-Purity Epoxy Resin Market Competitive Landscape And Company Profiles
Top Major Players:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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