Epoxy Resin Market : was valued at US$ 96.93 Bn. in 2021 and is expected to reach US$ 145.42 Bn. by 2029, at a CAGR of 5.2% during a forecast period.
The report also helps in understanding Global Epoxy Resin Market Dynamics, structure by analyzing the market segments and project the Global Epoxy Resin Market size. Clear representation of comAutomotive Composites itive analysis of key players by type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Epoxy Resin Market make the report investor’s guide.
Epoxy Resin Market Overview:
Epoxy Resin Market Research Report examined the current state of definitions, classifications, applications, and the structure of the industrial chain. The report gives objective expert comments on the current market condition, previous market performance, production and consumption rates, demand and supply ratios, and income generation estimates for the projected term. The Epoxy Resin Market report also provides information on the strategic aspirations and company growth plans of the major organizations operating in the Automotive Composites sector. Among the approaches examined in the study are mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand marketing, and product launches. To summarise what has already been discussed, the research presents a thorough picture of the Automotive Composites industry in both global and regional markets.
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Epoxy Resin Market segment analysis:
Based on the Type, the market is segmented into DGBEA, DGBEF, Novolac, Aliphatic, Glycidylamine, and Others. The novolac segment is expected to grow rapidly at a CAGR of 12.6% during the forecast period 2021-2029. This is due to the novolac is widely used in industrial paints, adhesives, and composites. These are resins made through the full poly-condensation of phenol and aldehydes, which can be used in place of natural resins like shellac in industrial applications. They are utilized in binders, paints, moulded components, laminated plastics, and adhesives and are available in both solid and liquid form.
Based on the Application, the market is segmented into Paints & Coatings, Adhesives, Composites, Electronic Encapsulation, and Others. The paints & Coatings segment is expected to hold the largest market share of xx% by 2029. Due to their exceptional resistance to stains, fractures, extreme temperatures, blistering, and chemicals, epoxy resin-based paints, and coatings are widely used in residential and commercial structures, shipbuilding industries, automobile, and wastewater treatment plants, among other uses. They have good adhesion, anti-corrosion properties, and are low in volatile organic compounds (VOCs).
Key players:
• BASF SE
• E I DuPont de Nemours and Company
• Dow Chemical Company
• Huntsman Corporation
• 3M Company
• Kukdo Chemicals
• Nan Ya Plastics Corporation
• Hexion Inc.
• Olin Corporation
• Cytec Solvay Group
• chang Chun Chemicals
• Sanmu Group
• Jubail Chemical Industries LLC (JANA)
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COVID-19 Impact on Epoxy Resin Market :
The COVID-19 outbreak has had a significant impact on the global Automotive Composites industry. Automotive Composites Production facilities have been halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Epoxy Resin Market to decelerate in 2020. The negative impact of COVID-19 on the Epoxy Resin Market , on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2023
Regional Analysis:
The region portion of the research also provides key market influencing aspects and changes in market regulation that impact the market’s current and future trends. New sales, replacement sales, national demographics, regulatory actions, and import-export taxes are some of the major variables used to assess the market scenario for various locations. Furthermore, while providing forecast analysis of national data, the existence and availability of global brands, as well as the hurdles they encounter due to strong or weak comAutomotive Composites ition from local and domestic brands, as well as the effect of sales channels, are taken into account.
The research provides a comprehensive review of the Epoxy Resin Market ’s presence in various sectors and nations. The research analyst aims to discover hidden development potential that may be utilized by organizations in various parts of the world by doing a thorough geographical study of the sector. Global Epoxy Resin Market research provides exact knowledge that enables market participants to comAutomotive Composites e successfully with their greatest comAutomotive Composites itors based on growth, sales, and other crucial aspects. In the research study, significant market aspects such as market drivers and barriers are separated from essential development prospects and industry trends.
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