Epoxy Resins Market is set for a Rapid Growth and is expected to Reach USD 17.79 Billion by 2026

06-Sep-2018 | Zion Market Research

Zion Market Research has published a new report titled “Epoxy Resins Market by Product (Paints & Coatings, Wind Energy, Composites, Construction, Electrical & Electronics and Other Applications) - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 – 2026.” According to the report, the epoxy resins market accounted for USD 9.3 Billion in 2019 and is expected to reach USD 17.79 Billion by 2026, growing at a CAGR of around 7.2% between 2020 and 2026.

Browse the full “Epoxy Resins Market by Product (Paints & Coatings, Wind Energy, Composites, Construction, Electrical & Electronics and Other Applications) - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 – 2026.” Report at https://www.zionmarketresearch.com/report/epoxy-resins-market

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Worldwide, the coatings & paints sector is the biggest sector for global epoxy resin market in terms of revenue as well as volume. The market infiltration can be credited to demand from construction, automotive, and industrial applications. Epoxy resin-based coatings, as well as paints, are employed in wall coatings of tank lining, food storage & manufacture, seal coats, swimming pools finishes, waterproofing, wet rooms, water treatment plants, and decorative finishes. Hence, the development coating & paint sector and the consequent requirement for epoxy resins are likely to boost the demand for global epoxy resin market in the years to come. Electronics and electrical segment added up for 34% share of the entire global epoxy resin market in 2019, chased by coatings and paints. Composites are likely to see the highest development rate due to rising demand for lightweight & high-strength composite substance from automotive, aerospace, and defense industries, thereby boosting the global epoxy resin market.

Various mergers and acquisitions by market players are set to act as a catalyst in the development of the global epoxy resins market. For example, in August 2018, Elon Musk joined hands with Lost Surfboards of Matt Biolos to make a limited edition of 200 boards. The boards were made from epoxy resins and were sold for a price tag of $1,500 each, thereby boosting the global epoxy resin market.

Major market players of epoxy resin market comprise Dow Chemical Company, Huntsman Corporation, Nan Ya Plastic Corporation, Ashland Inc., Sika AG, Kukdo Chemical Co. Ltd., NAMA Chemicals, Cytec, Du Pont, 3M Company, Baling Petrochemical, BASF SE, and Spol Chemie among others.

The global epoxy resins market is segmented as follows:

By Applications

  • Paints and Coatings
  • Wind Energy
  • Composites
  • Construction
  • Electrical and Electronics
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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