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The epoxy resin market size has grown strongly in recent years. It will grow from $11.65 billion in 2023 to $12.72 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%.  The growth in the historic period can be attributed to the construction boom, automotive sector growth, electronics manufacturing, infrastructure development, and stringent environmental standards. The epoxy resin market size is expected to see strong growth in the next few years, reaching $17.99 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%.  The growth in the forecast period can be attributed to advanced electronics, biocompatible materials, circular economy initiatives, globalization and trade, and the surge in electric vehicles (EVs). Major trends in the forecast period include renewable energy technologies, emerging applications in 3D printing, growing demand in the wind energy sector, rising popularity of waterborne epoxy resins, and increased usage in electronics and electrical applications.

The increasing demand for epoxy resin within the automotive industry is poised to fuel the growth of the epoxy resin market. Epoxy resin is utilized for painting automobile bodies, serving as a protective coating that extends the lifespan of vehicles. According to the Organization Internationale des Constructeurs d’Automobiles (OICA), global automobile production witnessed a 3% increase in 2021, rising from 77.8 million in 2020 to 80.14 million. This surge in automotive production directly correlates with the heightened need for epoxy resins. Consequently, the rising demand within the automotive sector acts as a significant driver for the epoxy resin market’s expansion. The market sizes for 2023, 2024, and 2028 align with this trend, reflecting the increased demand resulting from higher automobile production.

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What Are The Key Trends That Influence Epoxy Resin Market Share Analysis?

Product innovation is becoming a major trend in the dental insurance market. Companies are focusing on developing new solutions to maintain their market position. For instance, in October 2021, Retrace Labs Inc., a US-based AI-driven dental health startup, partnered with Intel Corporation and SoftBank Group Corp to launch an AI-based dental management network. This network streamlines dental administration with scalable services, allowing real-time connectivity between payers, providers, and patients for instant payments based on quality measures. It helps providers and payers navigate complex procedures and offers patients clarity on insurance coverage and financial obligations.

Which Market Players Are Driving Growth In The Epoxy Resin Market?

Major companies operating in the epoxy resin market report are <b>China Petroleum & Chemical Corporation (Sinopec), Badische Anilin- und Sodafabrik, The Dow Chemical Company, Mitsubishi Chemical Corporation, Minnesota Mining and Manufacturing Company, Evonik Industries AG, Covestro AG, Westlake Epoxy LLC, DuPont de Nemours Inc., NAN YA PLASTICS CORPORATION, Solvay S.A., Sika AG, Olin Corporation, Huntsman International LLC, Atul Ltd, Daicel Corporation, Hexion Inc., Ashland Global Holdings Inc., Jiangsu Sanmu Group Co. Ltd., Allnex Belgium SA/NV, NAMA Chemicals, Kukdo Chemical Co. Ltd., Magnolia Epoxy, Mapei S.p.A., DIC India Limited, SPOLCHEMIE – Chemické závody a.s., Kemipex FZE, Aditya Birla Chemicals (India) Limited, Scott Bader Company Ltd., Chang Chun Plastics Co. Ltd., Aliancys AG</b>

How Is The Global Epoxy Resin Market Segmented?

The epoxy resin market covered in this report 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

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The Epoxy Resin Global Market Report 2024 provides an overview of the epoxy resinmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The epoxy resin market forecast analyzes epoxy resin market size, epoxy resin market share, leading competitor and their market positions.

The Table Of Content For The Epoxy Resin Market Include

1. Epoxy Resin Market Executive Summary
2. Epoxy Resin Market Segments
3. Epoxy Resin Market Size And Template Market Growth Rate
4.  Key Epoxy Resin Market Trends
5. Major Epoxy Resin Market Drivers
……
25. Key Mergers And Acquisitions In The Epoxy Resin Market
26. Top Epoxy Resin Companies
27. Epoxy Resin Market Opportunities And Strategies
28. Epoxy Resin Market, Conclusions And Recommendations
29. Appendix

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