Epoxy Resin Market Research Report - Global Forecast till 2030

Market Research Future Published a Cooked Research Report on Global Epoxy Resin Market

Epoxy Resin Market Highlights

The global epoxy resin market is anticipated to grow at 6.41% CAGR during the forecast period 2022 to 2030. Increasing application of epoxy resin and qualities such as high corrosion resistance will be the key factors determining growth potential of the epoxy resin market, suggest analysts. The epoxy resin market report suggests that alternative resins as well as lack of R&D in developing countries will affect the market growth. During the forecast period 2022 to 2030, the market for epoxy resin will reach USD 21.7 billion by 2030. The growth in the epoxy resin market to remain positive across all the type, technology, and end-use segments, however, segments like automotive & transportation have experienced increased growth during the forecast period 2022 to 2030.

Strong adhesion quality and epoxy resin becoming more widely used in the paint and coatings industry are said to be the key epoxy resin market growth factors. Although, during the forecast period 2021 to 2030, the factors like high-performance alternative structural materials and availability of more efficient solutions could hamper the epoxy resin market growth. The global epoxy resin market report also covers type, technology, and end-use segments and in-depth analysis of Europe, Asia-Pacific, North America, and the Middle East and Africa regions.

Market Segmentation

The global epoxy resin market is segmented based on type, technology, and end-use. The epoxy resin market is further segmented based on type into Aliphatic, DGBEA, DGBEF, Glycidyl Amine, Novolac, and others. The epoxy resin market is also segmented into liquid epoxy, solvent cut epoxy, waterborne epoxy, and others. on the basis of technology. Furthermore, the epoxy resin market market is categorized based on end-use into aerospace, automotive & transportation, building & construction, electrical & electronics, marine. On the basis of application, the market is segmented into adhesives, composites, electronic encapsulation, grouts & mortars, paints & coatings.

Fluctuating raw material prices may hinder the epoxy resin market growth. The market research report suggests that companies in the epoxy resin market could be supported by growing epoxy resin application as well as growing demand for epoxy-based composite during the forecast period. The epoxy resin market is set to register growth at a high CAGR owing to these key factors. The type, technology, and end-use segments along with regional markets have been analyzed in the global epoxy resin market research report. The research analysts studying the epoxy resin market have put out market forecasts in the epoxy resin market research report in order to support epoxy resin market-based companies. The epoxy resin market research report provides an extensive understanding of the epoxy resin market based on the information and forecasts till 2030.

Regional Overview

The epoxy resin market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global epoxy resin market research report reveals that North America and Europe regions will dominate the global market for epoxy resin during the forecast period 2021 to 2030. As per epoxy resin market analysts, the market is set to witness tremendous growth across paints & coatings segments in North America which covers epoxy resin markets across the United States, Canada, Mexico and several other regional markets. Companies active in the epoxy resin market are also analyzed and studied in the epoxy resin market research report.

Growth factors such as infrastructure boom as well as growing aerospace industry are set to drive the market growth across the European regional market for epoxy resin. This region covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the epoxy resin market research report covers the Asia-Pacific region covering epoxy resin markets from India, China, Japan, Australia, and others. The epoxy resin market is also spread across the rest of the world. The epoxy resin market report covers all such regions including the Middle East, Africa, Brazil, and others.

Competitive Landscape

The demand for epoxy resin has increased significantly over the years, due to growing construction industry and increasing R&D. Companies functioning in the global epoxy resin market are also being challenged due to unpredictable raw material values and growing popularity of alternative resin. Mergers and acquisitions by epoxy resin market companies are anticipated to help the market during the forecast period 2021 to 2030. As the epoxy resin market is set to register a high CAGR of 7.20% and is also anticipated to reach a USD 12.3 Billion by 2030, the report highlights key areas companies need to focus on. Based on SWOT analysis and epoxy resin market’s analysis based on Porters’ Five Force Model presented in the epoxy resin market report.

Construction activities in the emerging nations, as per the epoxy resin market research report will support the growth. The global epoxy resin market might face slow growth due to the growing need to build up commercial and military aircraft. The report suggests that the epoxy resin market will see a healthy growth in the long run till 2025. The epoxy resin market research report offers detailed analysis of major organizations across the epoxy resin market. The global epoxy resin market research report offers analysis based on data collected from the epoxy resin market’s decision makers as well as primary and secondary sources. The epoxy resin market research report presents analysis based information for companies functioning in the epoxy resin market.

Industry News

Enurance Technologies has been acquired by Polytek Growth, a producer of specialized polymers for mould making, forming, and coating purposes. Arsenal Capital Partners has Polytek as a portfolio firm. Endurance Technologies, located in Southern St. Paul, Minnesota, with years of manufacturing and processing knowledge, with an emphasis on polyurethane as well as epoxy systems. Their colouring, moulding, sealing, forming, and sculpting processes are well-known in the manufacturing and consumer sectors.Read Full Information about this Report: Epoxy Resin Industry