Covid Impact Epoxy Resin Market is expected to witness growth till USD 12.5 billion with the CAGR of 6% within the forecast period 2020–2027.

EPOXY RESIN MARKET: Summary

The Global Epoxy Resin Market is expected to witness growth till USD 12.5 billion with the CAGR of 6% within the forecast period 2020–2027.

Epoxy resin alternatively termed as the polyepoxide or epoxies is the thermosetting resin having higher flexural strength, tough, superior ability to adhere with excellent thermal and chemical resistance. It also has relatively good electrical properties and low moisture absorption, low shrinkage, and toxicity. The synthesis of the epoxy resin is through the reaction of epichlorohydrin with the polyphenolic compounds, diamines, amino phenols, heterocyclic imides and amides, aliphatic diols or compounds with active hydrogen group. The epoxy resin can be cured easily and are compatible with most substrates, which makes it a preferable option for the composite application. Additional uses include the building of electronic components such as fiber optics and electrical circuit boards. Epoxy resin is used in a range of industries including construction and manufacturing.

EPOXY RESIN MARKET: Drivers & OPPORtunity

Market Driver:

The epoxy resin finds key application in the paints and coating owing to its excellent properties such as higher durability, flexural strength, resistance to corrosion, scratch, and chemicals. These resins are used in the coatings for obtaining higher performance, durability, protection and better aesthetic appeal. Growing use of surface and floor coatings across manufacturing plants, laboratories, concrete industrial floorings drives the demand for epoxy resins. Increasing application of epoxy wall coatings across healthcare facilities, schools, commercial buildings, factories, food preparation and processing rooms for attaining better sanitization, chemical resistance, light reflectivity is further pushing the market growth.

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Epoxy resins are used in varied application areas including transport, packaging, strapping, solar energy, hydropower, decoration, and many others. Superior adhesion, chemical resistance, and other specialized properties. Technological development resulting into development of the newer epoxy resins that results varied in viscosity, processing, curing, and many other parameters creating a new area of application. Thus, wide application areas are witnessing a high growth for the epoxy resin market.

Market Opportunity:

Bio-based epoxy resins are advanced thermosetting resins prepared from plant-based materials or renewable raw materials such as natural oils, natural phenol compounds have attracted manufacturers owing to easy availability and environmentally friendly nature. The market is expected to experience high growth in the forecast owing to higher awareness regarding hazardous effects of the petroleum-based synthetic raw materials contributing immensely in harmful industrial process and environmental issues. Thus, the growing environmental issues and economic concerns pushing the manufacturers and end-user towards investing in the bio-based products may boost the market growth in the near future.s

EPOXY RESIN market: Key segments

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KEY Companies Covered

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EPOXY RESIN MARKET: report segmentation

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Epoxy Resin Market, by Form

Epoxy Resin Market, by Type

Epoxy Resin Market, by Application

Epoxy Resin Market, by Region

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Table of Content

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