Epoxy Resin Market Trends, Segmentation, Demand, Industry Growth And Expansion 2022-2031

Global Epoxy Resin Market was valued at US$ 7.7 Bn in 2017, and is expected to reach US$ 12.45 Bn by 2026, at a CAGR of 6.5 % during forecast period.Global Epoxy Resin MarketThe objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology.

The report also helps in understanding Epoxy Resin market dynamics, structure by identifying and analyzing the market segments and project the global market size.

Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.

Despite that, fluctuating raw material cost and high prices of epoxy could hamper the market growth.High performance of epoxy resin as compared to other resin, increasing research and development activities, and increase in penetration of epoxy resin in various end-user industries drive its demand in global market.

Epoxy-based paints & coatings prevent corrosion and rust; resulting in high demand from several industries such as building & construction, automotive, and others.Epoxy resin is extensively used as an insulation material for the electronics and electrical applications that require protection in extreme and dangerous environments (such as, chemical plant equipment, deep sea, and engine management), owing to the properties, such as high physical and mechanical strength, good dimensional stability, excellent dielectric properties, etc.Epoxy resins are mostly used in chemical and special purpose coatings as they provide a thin layer coating with outstanding chemical resistance, durability, strong bond strength and adhesion, and also dry quickly.Based on the end user, Building & construction sector expected to be the dominant end-use industry.

Though the growth of this sector has slowed down, it would still provide opportunities for the growth of the epoxy resin market.Geographically, Asia Pacific was the largest regional market in 2017.

Global Epoxy Resin Market is anticipated to grow considerably in the forecast period owing to the growing industrialization and the growing development in electronic and electrical equipment.

Epoxy resins are used in decorative flooring, in fabric applications for surgical and dental treatments, printing inks, etc.Epoxy resins also have applications as additives for several plastic materials like acrylic & vinyl resins and synthetic rubbers.

To improve the performance of products and maintaining cost-efficiency, several new fillers are bring introduced into resins while processing.Download Sample Report @ https://www.millioninsights.com/industry-reports/epoxy-resin-market/request-sampleEpoxy resins have extensive applications as an insulation in electrical and electronic that need protection in extreme and hazardous environments like engine management, deep sea, and chemical plant equipment due to the properties like high mechanical and physical strength, excellent dimensional stability, good dielectric properties, and more.

They also have applications in keeping switches, generators, motors and transformers clean, dry and free of shots.Moreover, the growing consumption rate of electronic and electrical equipment on a commercial scale in emerging economies like China & India is predicted to drive epoxy resin industry.

They can be stated as primer tie coats, abrasion resistant coating, anti-corrosive primers, heat & fire resistant and chemical coatings.In the same way, epoxy sealants and floor paints are other items that can be used as coatings on the floor to make it durable and decorative.

Residential sector is consistently progressing with improved construction in Europe.