Global epoxy resins market is estimated to grow with a significant CAGR of around 6.8% during the forecast period. The growth of the epoxy resins market is attributed to their mechanical properties and resistance to thermal stress & degradation over time which is makes them useful for most of the industrial application. The range of epoxy resin applications includes in a carbon fiber, fiberglass, metal, plastics and many more. Additionally, epoxy resins are also capable of joining different materials to each other such as acrylic to wood. This is expected to significantly increase the adoption of epoxy resins in turn driving its market shares.
Browse the full report description of "Global Epoxy resins Market Size, Share & Trends Analysis Report By Form (Solid and Liquid), By Application (Paints & Coatings, Adhesives & Sealants, Composites, and Others), By End-User Industries (Consumer Goods, Building & Construction, Automotive, Electrical & Electronics, and Others) Forecast Period 2020-2026" at https://www.omrglobal.com/industry-reports/epoxy-resins-market
Epoxy resins are also used widely to ensure effective corrosion protection in chemical, pharmaceutical, energy, and pulp industries coupled with desulphurization plants and water treatment plants. In addition to this, after curing and drying epoxy resin shows good resistance to salts, solvents, alkalis, alkaline, acids, which allows its application in chemical processing areas. This in turn will also foster the good growth of epoxy resins industry during the forecast period. Furthermore, epoxy resins are also used as flooring material. The floors made with epoxy are very easy to maintain and also since the floors are seamless and liquid-tight they are also easy to clean in turn benefiting hygiene practices. Moreover, epoxy floors are also suitable for heavy use and mechanical loads in warehouses, workshops and production areas. This is anticipated to increase the adoption of epoxy floors, in turn driving the epoxy resins market growth.
Asia-Pacific is expected to hold a major market in the epoxy resin market with considerable market growth during the forecast period. The region is the largest market and producer of automotive, electrical & electronics, and renewable energy equipment in terms of volume. Moreover, it is also witnessing a substantial growth in building & construction and consumer goods industry which will augment the demand for epoxy resin in the near future. China is the largest chemical market all across the globe and contributing significantly to the market. Moreover, Japan, South Korea, and India are other major countries contributing to the epoxy resin industry.
Global Epoxy Resins Market- Segmentation
By Physical Form
By Application
By End-User Industries
Global Epoxy Resins Market- Segment by Region
North America
Europe
Asia-Pacific
Rest of the World