Epoxy Market Analysis Reveals Growth Outlook of 7.3% CAGR Reaching $17.56 bn Revenue by 2030
Asia-Pacific dominates the epoxy market, driven by rapid industrial growth and increasing demand in construction and manufacturing sectors
LUTON, BEDFORDSHIRE, UNITED KINGDOM, August 17, 2024 /EINPresswire.com/ -- Exactitude Consultancy Research newly added a research report on the Global Epoxy Market, which represents a study for the period from 2024 to 2030. Increasing demand for paints and coatings is anticipated to drive market growth significantly during the forecast period. Increasing demand for epoxy resins is attributed to growing spending on construction, particularly residential construction, especially in North America and Western Europe. The rapid growth in global manufacturing activities is expected to fuel the demand for paints & coatings used in the production of motor vehicles and other durable goods, as well as industrial maintenance applications. This is expected to boost the demand for epoxy resins globally.
๐ป๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐ ๐ผ๐บ๐ซ 17.56 ๐๐๐๐๐๐๐ ๐๐ 2030 ๐๐๐๐ ๐ผ๐บ๐ซ 9.97 ๐๐๐๐๐๐๐ ๐๐ 2023, ๐๐ ๐ ๐ช๐จ๐ฎ๐น ๐๐ 7.3 % ๐๐๐๐ 2024-2030.
๐๐๐ฃ๐จ๐ซ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ง๐๐ฅ๐ฎ๐๐๐ ๐ข๐ง ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ซ๐-
Huntsman Corporation, Dow Chemical Company, Hexion Inc., 3M Company, BASF SE, Sika AG, Olin Corporation, Aditya Birla Chemicals, Kukdo Chemical Co. Ltd., Evonik Industries AG, Atul Ltd. and others.
๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ก๐ฒ๐๐
In February 2023, Huntsman introduced a new product called JEFFAMINE M-3085 amine, which is a mono-polyether amine with a higher molecular weight compared to commonly used amine variants such as JEFFAMINE M-2070 amine and JEFFAMINE M-1000 amine.
In February 2022, Westlake Chemical Corporation announced the successful completion of its acquisition of Hexion Inc.'s global epoxy business. With this strategic acquisition, Westlake Chemical further strengthens its position in the industry and expands its capabilities in the manufacture and development of specialty resins, coatings, and composites.
๐๐จ ๐๐ก๐๐๐ค ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐๐ฅ๐ ๐๐ ๐๐จ๐ง๐ญ๐๐ง๐ญ๐ฌ, ๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐ @ โ
https://exactitudeconsultancy.com/reports/26716/epoxy-market/
๐๐ฉ๐จ๐ฑ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ ๐๐๐ญ๐จ๐ซ๐ฌ:
The epoxy market is experiencing significant growth due to several key factors. The expanding construction industry is a major driver, as epoxy resins are widely used in flooring, coatings, and adhesives for their superior durability, chemical resistance, and bonding strength. Additionally, the electronics sector is fueling demand, with epoxy resins being crucial in the production of circuit boards and other components due to their excellent insulating properties. The automotive industry also contributes to market expansion, leveraging epoxy for lightweight and high-performance composites. Furthermore, growing awareness of eco-friendly products has led to innovations in bio-based epoxy resins, catering to the rising demand for sustainable materials. These factors, combined with ongoing research and development, are propelling the epoxy market forward.
๐๐ฉ๐จ๐ฑ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
Epoxy Market by Type 2022-2029, (USD Billion) (Kilotons)
Glycidyl Epoxy
Glycidyl-ether
Glycidyl-ester
Glycidyl-amine
Non-glycidyl Epoxy
Aliphatic
Cycloaliphatic
Epoxy Market by Application, 2022-2029, (USD Billion) (Kilotons)
Paints & Coatings
Construction and Flooring
Automotive and Public Transport
Water Pipework
Food Packaging
Others
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐จ๐ ๐๐ฉ๐จ๐ฑ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ @
https://exactitudeconsultancy.com/reports/26716/epoxy-market/#request-a-sample
๐๐ฉ๐จ๐ฑ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ฒ ๐๐๐ ๐ข๐จ๐ง๐ฌ, ๐ซ๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐จ๐ฏ๐๐ซ๐ฌ
The Asia-Pacific region dominates the global epoxy market, primarily due to its robust industrial base and rapid urbanization. Countries like China, India, and Japan are major contributors, with strong demand from the construction, automotive, and electronics industries. China, in particular, leads the market due to its vast manufacturing sector and significant investments in infrastructure development. The region's growing middle class and increasing consumer spending further boost demand for epoxy-based products, especially in automotive and consumer electronics. Additionally, favorable government policies and the availability of raw materials at competitive prices make Asia-Pacific a key player in the global epoxy market. Meanwhile, North America and Europe also hold significant shares, driven by advanced technologies and sustainability initiatives, but Asia-Pacific remains at the forefront of market growth.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ญ:https://exactitudeconsultancy.com/primary-research/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ
What will the market size be in 2030 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
๐๐๐ญ ๐๐จ๐ซ๐: https://www.analytica.global/
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โ country-level analysis for the 5 countries of your choice.
โ competitive analysis of 5 key market players.
โ 40 free analyst hours to cover any other data point.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ข๐ง๐ค:
https://exactitudeconsultancy.com/zh-CN/reports/26716/epoxy-market/
https://exactitudeconsultancy.com/ko/reports/26716/epoxy-market/
https://exactitudeconsultancy.com/ja/reports/26716/epoxy-market/
https://exactitudeconsultancy.com/iw/reports/26716/epoxy-market/
https://exactitudeconsultancy.com/fr/reports/26716/epoxy-market/
๐ป๐๐๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐ ๐๐๐ ๐๐๐ ๐๐๐ ๐๐ ๐๐๐๐ ๐๐๐๐๐; ๐๐๐ ๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐ ๐ต๐๐๐๐ ๐จ๐๐๐๐๐๐, ๐ด๐๐ ๐ ๐๐ ๐ฌ๐๐๐, ๐จ๐๐๐๐๐, ๐ฌ๐๐๐๐๐ ๐๐ ๐ณ๐จ๐ป๐จ๐ด, ๐บ๐๐๐๐๐๐๐๐ ๐จ๐๐๐.
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
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๐๐จ๐ง๐ง๐๐๐ญ ๐๐ฌ:
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