The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Epoxy Resin Global Market Report 2023, the epoxy resin market is expected to show significant growth in the forecast period.

Key insights from the epoxy resin market forecast include:

1. Market Size

The global epoxy resin market is expected to grow The epoxy resin market size is expected to grow to $15.77 billion in 2027 at a CAGR of 8.1%. Asia-Pacific was the largest region in the epoxy resin market in 2022.

2. Major Driver

The rising demand for epoxy resin from the automotive industry is expected to propel the growth of the epoxy resin market. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), a France-based international trade organization, in 2021, automobile production increased globally by 3%, from 77.8 million produced in 2020 to 80.14 million in 2021. An increase in the production of automobiles increases the need for epoxy resins. Therefore, the rising demand for the automotive industry drives the epoxy resin market.

View More On The Epoxy Resin Market Report 2023 – https://www.thebusinessresearchcompany.com/report/epoxy-resin-global-market-report

3. Key Trend

Product innovation is a key trend gaining popularity in the epoxy resin market going forward. Major companies operating in the epoxy resin market are focused on product innovations to strengthen their position in the market. For instance, in April 2022, Hexion Inc., a USA-based chemical manufacturer that develops chemical materials and performance resins, launched the products EPON LY Resin 1810 and EPIKURE LY Curing Agent 3801. These chemicals are used to minimize the yellowing of epoxy coating on household and commercial surfaces to improve performance, cure, lessen air emissions, and increase surface strength.

4. Major Players

Major players in the epoxy resin market are Sika AG, Olin Corporation, Huntsman International LLC, Kukdo Chemical, Aditya Birla Chemicals, 3M, Sinopec Corporation, Nan Ya Plastics Corporation, Chang Chun Group, BASF SE, Atul Ltd., Solvay SA, Covestro AG, Jiangsu Sanmu Group Co., Ltd., Jubail Chemical Industries LLC, Kolon Industries Inc., NAGASE & CO LTD., and Techstorm.

5. Top Market Segments

The global food diagnostics market is segmented –
1) By Type: DGBEA (Bisphenol A And ECH), DGBEF (Bisphenol F And ECH), Novolac (Formaldehyde And Phenols), Aliphatic (Aliphatic Alcohols), Glycidylamine (Aromatic Amines And ECH), Other Types
2) By Physical Form: Liquid, Solid, Solution
3) By Application: Paints And Coatings, Composites, Adhesives And Sealants, Other Applications
4) By End-User: Building And Construction, Automotive, Large And Heavy Vehicles And Railroads, General Industrial, Consumer Goods, Wind Power, Aerospace, Marine, Other End-Users

Request A Sample Of The Global Epoxy Resin Market Report 2023:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7294&type=smp

The Epoxy Resin Global Market Report 2023  provides an in-depth analysis on the epoxy resin market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the epoxy resin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Epoxy Primer Global Market Report 2023
Plastic Material And Resins Global Market Report 2023
Barrier Resins Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model