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Epoxy resin, also known as polyepoxides, is a class of reactive polymers that contain epoxide groups. These resins react either with themselves in the presence of catalysts, or with many co-reactants including amines, phenols, thiols. It has many industrial applications for a variety of purposes as it possesses higher mechanical properties and thermal and chemical resistance.
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Epoxy Resin Market The Epoxy Resin Market is predicted to reach USD 15.10 billion with a CAGR of 7.1% by 2030 Next Move Strategy Consulting
• Market Overview • Market Segmentation • Regional Analysis • Key Market Players • Key Highlights Next Move Strategy Consulting
• The demand for epoxy resin is increasing due to the growing number of automotive industries as epoxy resin is used for the protection of car bodywork from corrosion and other damages. • The rising demand for epoxy resin in the electronic industry as epoxy resin is widely used for coating and encapsulating electrical circuit components and electronic devices further boosts the market growth. • Rapid urbanization along with the construction of buildings boosts the demand for epoxy resin for coatings of furniture and paints. • Epoxy causes respiratory problems and skin irritation which restrains the growth of the market during the forecast period. Next Move Strategy Consulting
By Type • Diglycidyl Ether Bisphenol A (DGBEA) • Diglycidyl Ether Bisphenol F (DGBEF) • Novolac • Aliphatic • Glycidylamine • Others By Form • Solid • Liquid • Solution By End User • Building & Construction • Transportation • Electrical & Electronics • General Industrial • Consumer Goods • Wind Power • Aerospace • Marine • Others By Application • Paints & Coatings • Adhesives • Composites • Electronic Encapsulation • Others Next Move Strategy Consulting
North America • U.S • Canada • Mexico Asia-Pacific • China • India • Japan • South Korea • Australia • Rest of Asia-Pacific RoW • UAE • Saudi Arabia • South Africa • Brazil • Remaining Countries Europe • The UK • Germany • France • Italy • Spain • Denmark • Netherlands • Finland • Sweden • Norway • Russia Next Move Strategy Consulting
• BASF SE • Solvay SA • Aditya Birla Group • Atul Ltd. • Dow Inc. • Hexion Inc. • Huntsman Corporation • Kukdo Chemicals Co. Ltd. • Nan Ya Plastics Corporation • Olin Corporation • Techstorm Advanced Materials Next Move Strategy Consulting
• Applications: Epoxy resins are extensively used in coatings, adhesives, composites, and electrical systems due to their superior mechanical properties, chemical resistance, and excellent adhesion. • Construction Industry: The booming construction sector, particularly in emerging economies, is a significant driver, with epoxy resins being vital in flooring, coatings, and structural adhesives. • Automotive Sector: Increasing automotive production and the shift towards lightweight materials for fuel efficiency are boosting the use of epoxy composites in vehicle manufacturing. • Electronics Industry: The rising demand for electronic devices and advancements in electronics manufacturing are propelling the use of epoxy resins in encapsulation and circuit boards. Next Move Strategy Consulting
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