CHICAGO, Aug. 1, 2023 /PRNewswire/ -- The report "Epoxy Resin Market by Physical Form (Liquids, Solids, Solutions), Raw Materials (Badge, Bfdge, Novolac, Aliphatic, Glycidyl Amine), Application (Paints & Coatings, Adhesives & Sealants, Composites), End-Use Industry, and Region - Global Forecast to 2028", is projected to reach USD 17.0 Billion by 2028, at a CAGR of 5.5% from USD 12.9 Billion in 2023.
The Epoxy resin market is driven by the demand for high performance coatings from various industries, including building & construction, automotive, wind energy, aerospace and marine, among other end-use industries. The epoxy resin market has experienced substantial growth in recent years, driven by the widespread adoption of epoxy resins across various industries.
Browse in-depth TOC on "Epoxy Resin Market"
250 – Tables
50 – Figures
212 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=762
"Liquid-based epoxy resin is projected to be the largest form of epoxy resin, in terms of value, during the forecast period."
Liquid is the most used physical form of epoxy resin. Epoxy resin in its liquid form is typically a low-to-medium viscosity liquid. It is often clear or slightly amber in color. Liquid epoxy resin is commonly packaged and sold in containers such as bottles or cans. Liquid epoxy resin can be applied as a protective coating on surfaces to provide a durable and glossy finish. It is often used on floors, countertops, tabletops, and other surfaces that require high chemical resistance, abrasion resistance, and a smooth, attractive appearance.
"Composites is projected to be the fastest growing application of the epoxy resin, in terms of value."
Epoxy resin is widely used in composite materials due to its excellent bonding properties, high strength, and durability. Composite materials are made by combining a reinforcement material, such as fiberglass, carbon fiber, or aramid fibers, with epoxy resin as the matrix material. Epoxy resin composites are utilized in the manufacturing of wind turbine blades. The combination of epoxy resin with glass or carbon fibers provides high strength, stiffness, and fatigue resistance, enabling the blades to withstand the harsh operating conditions of wind farms.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=762
"Asia Pacific is expected to be the fastest growing market for epoxy resins during the forecast period, in terms of value."
The Asia Pacific region is a significant market for epoxy resin, driven by industrial growth, infrastructure development, and increasing demand from various end-use industries. With its large population, expanding industrial base, and rising consumer demand, the region represents a substantial market for epoxy resin. The market is expected to continue growing due to infrastructure projects, urbanization, and industrialization across countries in the region.
Request Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=762
Market Players
The key global players in the epoxy resins market include Sinopec Corporation (China), Dow Chemical Company (US), 3M (US), Westlake Epoxy (US), DIC Corporation (Japan), Olin Corporation (US), Huntsman Corporation (US), Nan Ya Plastics Corporation (Taiwan), Kukdo Chemical Co., Ltd. (South Korea), Aditya Birla Chemicals (India), Mitsubishi Chemical Group Corporation (Japan), and BASF SE (Germany) and others. Mergers, new product launches and expansions are the major growth strategies adopted by the key players in the market.
Browse Adjacent Market: Resins and Polymers Market Research Reports & Consulting
Related Reports:
Ceramic Tiles Market - Global Forecast to 2027
Fiber Cement Market- Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/epoxy-resins-market.asphttps://www.marketsandmarkets.com/ResearchInsight/biomedical-textile-market.asp - utm_source=Prnewswire&utm_medium=referral&utm_campaign=paidpr
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/epoxy-resins.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/epoxy-resin-market-worth-17-0-billion-by-2028--exclusive-report-by-marketsandmarkets-301890009.html
Voltar noticias em Inglês