The epoxy resins market is anticipated to grow at a CAGR of 6.8% during the forecast period. Epoxy resins are widely accepted owing to their properties such as sleek appearance, durable quality, and great protection for the variety of applications. Additionally, a number of industries are now preferring to use epoxy resins as an adhesive in place of screws, bolts, and nuts for the component assembly owing to the epoxy resins' ability to adhere to a wide variety of materials. This is anticipated to significantly drive the shares of the epoxy resins market during the forecast period.
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The global epoxy resins market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold a major market share in the epoxy resins market during the forecast period. Well-developed consumer goods, automotive, aerospace, and building & construction industry is a major factor for the major market share in the region. In addition, the increasing preference towards non-conventional energy sources is significantly driving the demand for epoxy resins in the region. For instance, as per the American Wind Energy Association, 11 wind energy projects of 1,821 MW became operation in the first quarter of 2020 (which was double the same period last year). Moreover, developers also started construction of 4,124 MW of wind power in the first quarter of 2020.
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The global epoxy resins market is segmented based on the form, application, and end-user industries. Based on the form, the market is bifurcated into solid and liquid. By the application, the market is sub-segmented into paints & coatings, adhesives & sealants, composites, and others. Further, based on the end-user industries the market is sub-segmented into consumer goods, building & construction, automotive, electrical & electronics, and others.
Global Epoxy resins Market – Segmentation
by Physical Form
Solid
Liquid
by Application
Paints & Coatings
Adhesives & Sealants
Composites
Others
by End-User Industries
Consumer Goods
Building &Construction
Automotive
Electrical & Electronics
Others
Global Epoxy resins Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
3M Co.
Adhesives Technology Corp. (ATC)
Aditya Birla Management Corp. Pvt. Ltd.
Atul Ltd.
BASF SE
Chang Chun Group
China Petrochemical Corp. (Sinopec)
Covestro AG
Cytec Industries Inc.
Daicel Corp.
DuPont de Nemours, Inc.
Hexion Inc.
Huntsman International LLC
KPL International Ltd.
KUKDO Chemical (Kunshan) Co., Ltd.
Nama Chemicals Company SJSC
Olin Corp.
Sika AG
Spolchemie (Spolek pro chemickou a hutnívýrobu, akciováspolecnost)
Total Plastics, Inc.
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