Skip to content
Northwest Trail

Northwest Trail

  • Dubai Marina
    Unveiling the Path to Mastering Value Investing in the UAE Finance
  • PCs that don’t support Windows 11 have a watermark on their desktops that’s difficult to remove News
  • How to be ML research scientist in the task-oriented dialogue News
  • Hyperhidrosis Treatment Market Growth Report 2022-2028 Health
  • Vacuum Belt Dryer Market Forecast: Strategic Insights and Future Trends 2032 Business
  • Electric Blankets Market Size, Growth, Demand Analysis 2023-2030 Business
  • Ferrovanadium Alloy Market Size, Share, and Growth Analysis 2024 Business
  • 5 Low-Cost Tips for Sprucing Up Your Home Business
Epoxy Resin Market

By 2028, the Epoxy Resin Market will be worth $19.55 billion

Posted on May 6, 2022 By admin No Comments on By 2028, the Epoxy Resin Market will be worth $19.55 billion

Zion Market Research estimates that the Epoxy Resin Market will bring in over $14.7 billion by 2028, with a 6.8% growth rate for the period from 2022 to 2028, making it one of the fastest-growing industries in the world. Epoxy resin’s rapid growth in the paints and coatings industry during the next six years can also be attributed to an increase in product penetration. In addition, epoxy resins have a wide range of uses in two-pack polyamide compositions. Films made from this process also contain high levels of abrasion resistance, adhesion, and flexibility in addition to chemical resistance. Because of their low molecular mass, epoxy resins in solid form are in high demand, which will help drive the market’s expansion. Hardeners made of solid epoxy resins will open up new markets for epoxy resin. It is expected that the epoxy resin market would grow significantly as a result of the growing popularity and use of the product in the construction of residential structures.

The Epoxy Resin Industry’s Growth and Trends

As a result of its qualities, epoxy resin is utilized to make composite materials that are widely employed in load-bearing applications such as automobiles and airplanes as well as in construction and oil and gas. Commercial airplanes are likely to drive the market for high-performance composites. Wind turbines and pressure vessels, for example, are promising new applications that will help fuel the market’s expansion.

See also  Samsung Smart TVs will now include Apple iTunes.

It is expected that the high cost and labor-intensive manufacture of advanced composites would limit their use in large-volume and price-sensitive applications. Automotive and aerospace demand for composites is projected to be a significant driver in the market, especially in Europe and North America. Product demand is predicted to increase throughout the projection period due to rising fuel prices and an expanding commercial aviation industry.

The building industry is expected to increase rapidly in the next years. As sealers, hardeners, grouts, and mortars, as well as laminates for roofs, walls, and decks, epoxy resin is utilized in a variety of building applications. Minimal water permeability, great cleaning material, chemical resistance, outstanding mechanical qualities, low cure shrinkage, and excellent adhesion are expected to drive product demand in the building market..

See also  Plant Phenotyping Market Analysis 2020 to 2028

Global demand for construction products is predicted to rise as a result of increased infrastructure investment, an increasing urban population, and supportive government measures to build more affordable homes for the general public. US government proposed a USD 2 trillion investment for infrastructure development in March 2020 as part of the reaction to the coronavirus – including hospital buildings and highways – and other infrastructure. In addition, it is expected that growing public awareness of the advantages of green buildings would stimulate worldwide construction sector growth. For this reason, demand for construction products is expected to rise throughout the projection period.

During the period from 2022 to 2028, the Epoxy Resin Market will be dominated by the Asia-Pacific region.

Increasing construction activity in Asia Pacific, along with increasing product penetration in the automotive sector in South Korea, Malaysia, China, Japan, and India, are driving epoxy resin market growth during the next six years in the Asia-Pacific region. Access to raw resources has also contributed to the expansion of the regional market’s size. Expansion in the Asian epoxy resin sector will be aided by an increase in chemical company formations and an increase in the number of manufacturing units established in the subcontinent. Regional market trends will be fueled by booming building industries in countries like China, as well as permissive government laws regarding the usage of epoxy resin in numerous industries.

See also  Exploring the Global Tactical Footwear Market 2023

List of Key Players of  Epoxy Resin Market:

  • The Dow Chemical Company
  • BASF SE
  • Huntsman Corporation
  • Nan Ya Plastic Corporation
  • Sika AG
  • Baling Petrochemical Company Limited
  • Kukdo Chemical Co.Ltd.
  • Ashland Global Specialty Chemicals Inc.
  • Nama Chemicals
  • Cytec Industries Incorporated
  • Du Pont
  • The 3M Company
  • Spol Chemie.

Global Epoxy Resin Market is segmented as follows:

Epoxy Resin Market: By Application Outlook (2022-2028)

  • Paints & Coatings
  • Wind Energy
  • Composites
  • Construction
  • Electrical & Electronics

Epoxy Resin Market: By Region Outlook (2022-2028)

North America

  • The U.S.
  • Canada

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

###

Automobile, Business Tags:Epoxy Resin Market, Epoxy Resin Market Growth, Epoxy Resin Market Size, Global Epoxy Resin Market

Post navigation

Previous Post: Genetics goes to the dogs and discovers that there is little that can be bred in terms of behavior
Next Post: Chatbot Market will generate $110.30 billion by 2028

Related Posts

  • global-licorice-extract-market
    Licorice Extract Market: Growth Factors, Industry Trends and Forecast 2023 Business
  • Home Sleep Screening Devices Market Size Overview 2023-2030 Business
  • Ferrovanadium Alloy Market Size, Share, and Growth Analysis 2024 Business
  • 4 Essential Tips to Know Before Committing to a Home Renovation Project Business
  • Learn about the various aspects of network marketing Business
  • Caterpillar Feels The Pinch Of Trade War Between US And China Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Automobile
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Internet
  • News
  • Sports
  • Technology
  • Uncategorized
  • Vacuum Belt Dryer Market Forecast: Strategic Insights and Future Trends 2032
  • Vegetable-Oil-Based Cutting Fluids Market Landscape: Trends, Innovations, and Projections 2032
  • Tooth Regeneration Market Dynamics: Key Drivers and Challenges 2024
  • Construction Materials Market: Trends, Analysis, and Future Outlook 2032
  • Offshore Wind Energy Market Size Overview 2024
  • Reshaping Of Body Tissues Using Molecular Surgery With No Scars And Incisions Health
  • Nuro Reveals Autonomous Delivery Van Automobile
  • Parasite’ hauls in $8.8 million at the box office after historic Oscar win Finance
  • At An Average, 1 Bank Staff Held For Fraud In Every 4 Hour Finance
  • Samsung Galaxy S9 Consists Of A Feature That Is Missing In Pixel 2, iPhone X, And Others News
  • Achieving Financial Independence by Overcoming Difficulties Business
  • Sound waves in piezoelectric materials guide electrons News
  • Aragonite Market: Global Industry Analysis, Growth Trends 2023-2030 Business

Copyright © 2025 Northwest Trail.

Powered by PressBook News WordPress theme