Epoxy Market Analysis Reveals Growth Outlook of 7.3% CAGR Reaching $17.56 bn Revenue by 2030

Asia-Pacific dominates the epoxy market, driven by rapid industrial growth and increasing demand in construction and manufacturing sectors

LUTON, BEDFORDSHIRE, UNITED KINGDOM, August 17, 2024 /EINPresswire.com/ -- Exactitude Consultancy Research newly added a research report on the Global Epoxy Market, which represents a study for the period from 2024 to 2030. Increasing demand for paints and coatings is anticipated to drive market growth significantly during the forecast period. Increasing demand for epoxy resins is attributed to growing spending on construction, particularly residential construction, especially in North America and Western Europe. The rapid growth in global manufacturing activities is expected to fuel the demand for paints & coatings used in the production of motor vehicles and other durable goods, as well as industrial maintenance applications. This is expected to boost the demand for epoxy resins globally.

𝑻𝒉𝒆 𝒈𝒍𝒐𝒃𝒂𝒍 𝒆𝒑𝒐𝒙𝒚 𝒎𝒂𝒓𝒌𝒆𝒕 𝒊𝒔 𝒑𝒓𝒐𝒋𝒆𝒄𝒕𝒆𝒅 𝒕𝒐 𝒓𝒆𝒂𝒄𝒉 𝑼𝑺𝑫 17.56 𝒃𝒊𝒍𝒍𝒊𝒐𝒏 𝒃𝒚 2030 𝒇𝒓𝒐𝒎 𝑼𝑺𝑫 9.97 𝒃𝒊𝒍𝒍𝒊𝒐𝒏 𝒊𝒏 2023, 𝒂𝒕 𝒂 𝑪𝑨𝑮𝑹 𝒐𝒇 7.3 % 𝒇𝒓𝒐𝒎 2024-2030.

𝐌𝐚𝐣𝐨𝐫 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐈𝐧𝐜𝐥𝐮𝐝𝐞𝐝 𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐫𝐞-

Huntsman Corporation, Dow Chemical Company, Hexion Inc., 3M Company, BASF SE, Sika AG, Olin Corporation, Aditya Birla Chemicals, Kukdo Chemical Co. Ltd., Evonik Industries AG, Atul Ltd. and others.

𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗡𝗲𝘄𝘀

In February 2023, Huntsman introduced a new product called JEFFAMINE M-3085 amine, which is a mono-polyether amine with a higher molecular weight compared to commonly used amine variants such as JEFFAMINE M-2070 amine and JEFFAMINE M-1000 amine.

In February 2022, Westlake Chemical Corporation announced the successful completion of its acquisition of Hexion Inc.'s global epoxy business. With this strategic acquisition, Westlake Chemical further strengthens its position in the industry and expands its capabilities in the manufacture and development of specialty resins, coatings, and composites.

𝐓𝐨 𝐂𝐡𝐞𝐜𝐤 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐓𝐚𝐛𝐥𝐞 𝐎𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭𝐬, 𝐜𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 @ –

https://exactitudeconsultancy.com/reports/26716/epoxy-market/

𝐄𝐩𝐨𝐱𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐅𝐚𝐜𝐭𝐨𝐫𝐬:

The epoxy market is experiencing significant growth due to several key factors. The expanding construction industry is a major driver, as epoxy resins are widely used in flooring, coatings, and adhesives for their superior durability, chemical resistance, and bonding strength. Additionally, the electronics sector is fueling demand, with epoxy resins being crucial in the production of circuit boards and other components due to their excellent insulating properties. The automotive industry also contributes to market expansion, leveraging epoxy for lightweight and high-performance composites. Furthermore, growing awareness of eco-friendly products has led to innovations in bio-based epoxy resins, catering to the rising demand for sustainable materials. These factors, combined with ongoing research and development, are propelling the epoxy market forward.

𝐄𝐩𝐨𝐱𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

Epoxy Market by Type 2022-2029, (USD Billion) (Kilotons)

Glycidyl Epoxy

Glycidyl-ether

Glycidyl-ester

Glycidyl-amine

Non-glycidyl Epoxy

Aliphatic

Cycloaliphatic

Epoxy Market by Application, 2022-2029, (USD Billion) (Kilotons)

Paints & Coatings

Construction and Flooring

Automotive and Public Transport

Water Pipework

Food Packaging

Others

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐄𝐩𝐨𝐱𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 @

https://exactitudeconsultancy.com/reports/26716/epoxy-market/#request-a-sample

𝐄𝐩𝐨𝐱𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐛𝐲 𝐑𝐞𝐠𝐢𝐨𝐧𝐬, 𝐫𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐜𝐨𝐯𝐞𝐫𝐬

The Asia-Pacific region dominates the global epoxy market, primarily due to its robust industrial base and rapid urbanization. Countries like China, India, and Japan are major contributors, with strong demand from the construction, automotive, and electronics industries. China, in particular, leads the market due to its vast manufacturing sector and significant investments in infrastructure development. The region's growing middle class and increasing consumer spending further boost demand for epoxy-based products, especially in automotive and consumer electronics. Additionally, favorable government policies and the availability of raw materials at competitive prices make Asia-Pacific a key player in the global epoxy market. Meanwhile, North America and Europe also hold significant shares, driven by advanced technologies and sustainability initiatives, but Asia-Pacific remains at the forefront of market growth.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐭:https://exactitudeconsultancy.com/primary-research/

𝐊𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭

What will the market size be in 2030 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

𝐆𝐞𝐭 𝐌𝐨𝐫𝐞: https://www.analytica.global/

𝐖𝐞 𝐨𝐟𝐟𝐞𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐫𝐞𝐩𝐨𝐫𝐭 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫’𝐬 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭:

– country-level analysis for the 5 countries of your choice.

– competitive analysis of 5 key market players.

– 40 free analyst hours to cover any other data point.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐋𝐢𝐧𝐤:

https://exactitudeconsultancy.com/zh-CN/reports/26716/epoxy-market/

https://exactitudeconsultancy.com/ko/reports/26716/epoxy-market/

https://exactitudeconsultancy.com/ja/reports/26716/epoxy-market/

https://exactitudeconsultancy.com/iw/reports/26716/epoxy-market/

https://exactitudeconsultancy.com/fr/reports/26716/epoxy-market/

𝑻𝒉𝒂𝒏𝒌 𝒚𝒐𝒖 𝒇𝒐𝒓 𝒓𝒆𝒂𝒅𝒊𝒏𝒈 𝒊𝒕 𝒂𝒍𝒍 𝒕𝒉𝒆 𝒘𝒂𝒚 𝒕𝒐 𝒕𝒉𝒊𝒔 𝒑𝒐𝒊𝒏𝒕; 𝒚𝒐𝒖 𝒄𝒂𝒏 𝒂𝒍𝒔𝒐 𝒈𝒆𝒕 𝒊𝒏𝒅𝒊𝒗𝒊𝒅𝒖𝒂𝒍 𝒄𝒉𝒂𝒑𝒕𝒆𝒓 𝒘𝒊𝒔𝒆 𝒔𝒆𝒄𝒕𝒊𝒐𝒏 𝒐𝒓 𝒓𝒆𝒈𝒊𝒐𝒏 𝒘𝒊𝒔𝒆 𝒓𝒆𝒑𝒐𝒓𝒕 𝒗𝒆𝒓𝒔𝒊𝒐𝒏 𝒍𝒊𝒌𝒆 𝑵𝒐𝒓𝒕𝒉 𝑨𝒎𝒆𝒓𝒊𝒄𝒂, 𝑴𝒊𝒅𝒅𝒍𝒆 𝑬𝒂𝒔𝒕, 𝑨𝒇𝒓𝒊𝒄𝒂, 𝑬𝒖𝒓𝒐𝒑𝒆 𝒐𝒓 𝑳𝑨𝑻𝑨𝑴, 𝑺𝒐𝒖𝒕𝒉𝒆𝒂𝒔𝒕 𝑨𝒔𝒊𝒂.

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