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Market Overview
The global epoxy
resins market size was valued at USD 8.70 billion in 2020. The
market is anticipated to rise from USD 11.59 billion in 2021 to USD
17.10 billion by 2028 at a 5.7% CAGR during the
forecast period 2021-2028. Fortune Business Insights™ has
delved into these insights in its latest research report, titled, “Epoxy
Resins Market, 2021-2028.”
According to an analysis, epoxy resins have become
sought-after across the end-use sectors, including coatings and composites.
Industry players are investing in these resins for sealant and adhesive
manufacturing. Some of the factors, such as durability and higher resistance,
have augured well for the industry outlook.
Report Coverage
The research offers a comprehensive perspective of
the global market by focusing on both quantitative and qualitative assessments.
The report presents a thorough understanding of product mapping by highlighting
top-down and bottom-up techniques. In addition, several primary interviews with
suppliers, other stakeholders, and opinion leaders have been carried out.
Primary data has been gathered via questionnaires, phone calls, and emails.
Press announcements, SEC filings, and websites are the secondary sources that
were mentioned.
Segmentation
Based on application, the market is segmented into
electrical & electronics, paint & coatings, wind turbine &
composites, adhesive & sealants, civil engineering and others.
In terms of geography, the industry is segregated
into North America, Asia Pacific, Europe, the Middle East and Africa and Latin
America.
Drivers and Restraints
Steady Demand from Automotive to Usher Growth
Potentials
Even if the COVID-19 epidemic had a significant
influence on the automotive sector in 2020, there may be room for expansion in
the upcoming years. During the projected period, the market for epoxy resins
could rise as a result of the trend toward lightweight materials. The growth
potentials will be fueled by expenditures in research and development as well
as a greater emphasis on next-generation automobiles. Industry participants
anticipate that industrialization and strong government policies will benefit
both developed and developing nations.
However, fluctuating raw material prices and
rigorous regulations toward volatile organic compounds could hamper the growth
prospect.
Source: https://www.fortunebusinessinsights.com/epoxy-resin-market-106597
Regional Insights
Bullish Investments in Paints & Coatings to
Foster Asia Pacific Market
Asia Pacific epoxy resins market share will observe
an appreciable gain on the back of strong investments in raw materials.
Emerging economies, such as China and India, are likely to up their investments
across paints & coatings and electrical & electronics sectors.
Stakeholders are likely to inject funds into the consumption of epoxies in the
ensuing period.
Industry participants envisage Europe as a happy
hunting ground in the wake of profound investments in the automotive sector and
wind energy. Moreover, construction activities are likely to pick pace across
the U.K., Germany and Italy. Stakeholders bank on thriving renewable energy
amidst demand for sustainable chemicals.
North America market forecast will be strong with
rising investments in private and public infrastructure projects across the
U.S. Besides, the penetration of the food & beverage industry could
solidify the position of North America in the ensuing period. Stakeholders
expect adhesives and sealants and wind turbines to be sought-after across the
region.
Competitive Landscape
Stakeholders to Emphasize Product Portfolio
Expansion to Tap Markets
During the evaluation phase, industry participants
plan to concentrate on new product introductions, technology developments,
mergers and acquisitions, and research and development initiatives. The current
state of affairs suggests that business players will finance international
growth.
Key Industry Development
Major Players Profiled in the Market Report:
Market Overview
The global epoxy
resins market size was valued at USD 8.70 billion in 2020. The
market is anticipated to rise from USD 11.59 billion in 2021 to USD
17.10 billion by 2028 at a 5.7% CAGR during the
forecast period 2021-2028. Fortune Business Insights™ has
delved into these insights in its latest research report, titled, “Epoxy
Resins Market, 2021-2028.”
According to an analysis, epoxy resins have become
sought-after across the end-use sectors, including coatings and composites.
Industry players are investing in these resins for sealant and adhesive
manufacturing. Some of the factors, such as durability and higher resistance,
have augured well for the industry outlook.
Report Coverage
The research offers a comprehensive perspective of
the global market by focusing on both quantitative and qualitative assessments.
The report presents a thorough understanding of product mapping by highlighting
top-down and bottom-up techniques. In addition, several primary interviews with
suppliers, other stakeholders, and opinion leaders have been carried out.
Primary data has been gathered via questionnaires, phone calls, and emails.
Press announcements, SEC filings, and websites are the secondary sources that
were mentioned.
Segmentation
Based on application, the market is segmented into
electrical & electronics, paint & coatings, wind turbine &
composites, adhesive & sealants, civil engineering and others.
In terms of geography, the industry is segregated
into North America, Asia Pacific, Europe, the Middle East and Africa and Latin
America.
Drivers and Restraints
Steady Demand from Automotive to Usher Growth
Potentials
Even if the COVID-19 epidemic had a significant
influence on the automotive sector in 2020, there may be room for expansion in
the upcoming years. During the projected period, the market for epoxy resins
could rise as a result of the trend toward lightweight materials. The growth
potentials will be fueled by expenditures in research and development as well
as a greater emphasis on next-generation automobiles. Industry participants
anticipate that industrialization and strong government policies will benefit
both developed and developing nations.
However, fluctuating raw material prices and
rigorous regulations toward volatile organic compounds could hamper the growth
prospect.
Source: https://www.fortunebusinessinsights.com/epoxy-resin-market-106597
Regional Insights
Bullish Investments in Paints & Coatings to
Foster Asia Pacific Market
Asia Pacific epoxy resins market share will observe
an appreciable gain on the back of strong investments in raw materials.
Emerging economies, such as China and India, are likely to up their investments
across paints & coatings and electrical & electronics sectors.
Stakeholders are likely to inject funds into the consumption of epoxies in the
ensuing period.
Industry participants envisage Europe as a happy
hunting ground in the wake of profound investments in the automotive sector and
wind energy. Moreover, construction activities are likely to pick pace across
the U.K., Germany and Italy. Stakeholders bank on thriving renewable energy
amidst demand for sustainable chemicals.
North America market forecast will be strong with
rising investments in private and public infrastructure projects across the
U.S. Besides, the penetration of the food & beverage industry could
solidify the position of North America in the ensuing period. Stakeholders
expect adhesives and sealants and wind turbines to be sought-after across the
region.
Competitive Landscape
Stakeholders to Emphasize Product Portfolio
Expansion to Tap Markets
During the evaluation phase, industry participants
plan to concentrate on new product introductions, technology developments,
mergers and acquisitions, and research and development initiatives. The current
state of affairs suggests that business players will finance international
growth.
Key Industry Development
Major Players Profiled in the Market Report:
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