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Epoxy Resin Market Analysis Report (2020 - 2025)

<br><br>The size of the Global Epoxy Resin Market was close to USD 7.93 billion on the basis of revenue, by the end of the year 2020 and is estimated to rise at a CAGR of 5.54% to reach around USD 9.45 billion by the end of the foreseen period.<br><br>

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Epoxy Resin Market Analysis Report (2020 - 2025)

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  1. The size of the worldwide epoxy resin industry was USD 6.83 billion in 2020 and it is predicted to register a compound annual rate of 5.48%, in value, between 2020 and 2025. The industry is driven by its escalating call in various applications, such as coatings, adhesives and compounds. Epoxy resin is a family of oligomeric materials that can be reacted with curing agents to form a thermoset polymer that exhibits a high degree of chemical and corrosion resistance. It is a flexible thermosetting resin that refers to a type of reactive prepolymer and epoxy group-containing polymer. The epoxy resin reacts with various co-reagents such as phenols, amines, thiols or with themselves in the Market drivers and restraints: presence of catalysts. The main factor contributing to the expansion of the worldwide epoxy resin industry is the escalating use of epoxy resins in the paint and coating industry due to their high corrosion resistance and strong adhesion. In the automotive industry, epoxy resin is widely employed as a coating due to its high mechanical strength, high heat resistance, and strong adhesion to metals. These features facilitate the protection of the car body from corrosion and other significant damage, further escalating the life of the vehicle. Furthermore, the escalating call for epoxy- based compounds in the automotive and aerospace industries is also predicted to drive expansion in the worldwide industry. However, the prices of volatile epoxy resin raw materials are predicted to hamper the expansion of the worldwide industry during the period considered. The growing call for epoxy-based composites in automobile and aircraft manufacturing is likely to fuel the expansion of the worldwide epoxy resin industry during the evaluation period. The escalating acceptance of this resin in the wind industry is predicted to drive expansion in the industry. To know more, click on the link below: https://www.marketdataforeseen.com/market-reports/epoxy-resin-market Report segmented as: By technology: •solvent cut epoxy •waterborne epoxy •liquid epoxy •others By end use: •building & construction •automotive & transportation •electrical & electronics •aerospace

  2. •marine •others By type: •DGBEF •DGBEA •Novolac •glycidyl amine •aliphatic •others Geographical analysis: The United States is the largest industry for employed cars, and therefore the call for epoxy resin in the production of automotive finish coatings is predicted to accelerate regional industry expansion during the foreseen period. The call for epoxy resin in the production of paints employed in the automotive industry is escalating in Asia-Pacific due to the increase in automobile production and disposable income in the region. The expansion of the European industry is driven by the expansion of the aerospace industry and the development of infrastructure, which is predicted to increase the call for architectural coatings in the region. In the Middle East and Africa, the increase in the number of infrastructure projects is driving call for epoxy resin in construction applications. Important market players: The epoxy resin value chain involves raw material makers like Aditya Birla Chemicals (India), Olin Corporation (U.S.), GE Plastics (U.S.), Nan Ya Plastics Co. Ltd (Taiwan), and Chang Chung Plastics Co. Ltd. (Taiwan). Epoxy based product manufacturers include Olin Corporation (U.S.), Nan Ya Plastics Co. Ltd. (Taiwan), Hexion Inc. (U.S.), Kukdo Chemicals (U.S.), Huntsman Corporation (Taiwan), and Chang Chung Plastics Co. Ltd. (Taiwan). Request sample from the below link: https://www.marketdataforecast.com/market-reports/epoxy-resin-market/request-sample The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

  3. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Sales Manager at Market Data Forecast Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/

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