Epoxy Resin Market by Application (Paint & Coatings, Electrical & Electronics, Wind Turbine & Composites, Civil Engineering, Adhesive & Sealants, Others), by By Geography (North America), by Europe (Germany, U.K., France, Spain, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by Middle East and Africa (GCC, Rest of Middle East, Africa) Forecast 2024-2032
The Epoxy Resin Marketsize was valued at USD 8.70 Kilo Tons in 2023 and is projected to reach USD 12.32 Kilo Tons by 2032, exhibiting a CAGR of 5.1 % during the forecast period.Epoxy resins are a type of thermosetting polymers, which are formed by a reaction between two or more monomer in which each contains at least one epoxide group. They offer excellent bonding strength, and chemical resistant type properties, and therefore, they are widely used in the engineering applications. They provide these qualities which are why they are utilized in several various consumer and industrial items. The Epoxy resins have all these good features. On the one hand, they have the ability to form strong bonds with chemicals, specifically when the environment is alkalinized. Moreover, fire resists them when most materials are burning. Besides that, they are application-friendly in that they stick to several types of substrates. Epoxy Resins area known by their smart flexure, compressive and tensile strength, and thus can find many industrial uses such as materials needing structuring. Additionally, they go through shrinking effect to the lowest extent during the curing process. It causes an increase of their quality to the higher rate in various industrial and commercial fields. The epoxy resins are considered bonds of high quality and are therefore suitable for the coated decorative flooring, lining as well as civil engineering repair applications. Bis-phenol epoxy resins that have a backbone are, most of all, preferred for general purpose and specific need applications.
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This report provides a comprehensive analysis of the global epoxy resin market, including:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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