Epoxy Resin Market Outlook: Poised for US$ 24 Billion Valuation by 2034, with 5.7% CAGR

 

The epoxy resin market is anticipated to surpass US$ 13.8 billion in 2024 and is likely to attain a valuation of US$ 24 billion by 2034. The epoxy resin market size is projected to thrive at a CAGR of 5.7% from 2024 to 2034.

Epoxy resins are widely used in the electronics and electrical industries, such as shielding delicate electronic components from moisture, dust, and mechanical harm. The demand for dependable, high-performance materials like epoxy resins rises as technology develops and gadgets get more complicated. The market is anticipated to increase as electronics become increasingly integrated into everyday life, from smartphones to smart home appliances, and as sectors like renewable energy and telecoms grow.

Request Your Sample Report Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-19085

Waterborne epoxy resins’ environmental benefits over solvent-based counterparts drive their growing popularity. Waterborne formulations have fewer volatile organic compounds (VOCs) and dangerous air pollutants than solvent-based resins. Waterborne epoxy resins are likely to be in high demand across various sectors, including paints, adhesives, and composites, as environmental restrictions tighten and customers seek more environmentally friendly goods.

Epoxy resins are widely demanded by the healthcare industry, especially in dental products and medical equipment. Epoxy resins are biocompatible and multipurpose materials that are used to make dental composites, adhesives, and coatings for medical equipment. The capacity of epoxy resin to produce accurate and long-lasting dental components helps the dental business and advances dental treatment. Epoxy resins are used in medical devices to ensure the effectiveness and safety of different equipment, assisting in providing high-quality healthcare services.

“Success in the growing epoxy resin market depends on being flexible enough to adjust to technological changes and keeping sustainability in mind. Meeting the varied demands of the sector requires customization, and maintaining competitiveness requires both innovation and regulatory compliance. Being adaptable is essential for surviving in this fast-paced industry.” Says FMI analyst.

Key Takeaways from the Epoxy Resin Market Report

·         The global epoxy resin market size expanded at a 7.7% CAGR from 2019 to 2023.

·         The DGBEA segment is anticipated to rise at a 5.6% CAGR through 2034.

·         The solvent cut epoxy segment is predicted to develop at a 5.3% CAGR through 2034.

·         The market size in the United States is projected to rise at a 5.9% CAGR through 2034.

·         The market size in China is anticipated to develop at a 6.1% CAGR through 2034.

·         The market size in the United Kingdom is estimated to surge at a 7.2% CAGR through 2034.

·         The market size in South Korea is expected to increase at a 7.0% CAGR through 2034.

Competitive Landscape

The epoxy resin market is typified by a competitive environment that includes both local firms like Kukdo Chemical Co., Ltd. and worldwide giants like Hexion Inc. and Huntsman Corporation. Ongoing innovation, strategic partnerships, and sustainability efforts drive competitiveness. Startups introduce disruptive innovations, while market dynamics are reshaped through mergers and acquisitions. A wider trend towards eco-friendly formulations and materials is reflected in the growing importance of sustainability practices for market positioning.

Key Players in the Epoxy Resin Market

·         Hexion Inc.

·         Huntsman Corporation

·         Aditya Birla Chemicals

·         Kukdo Chemical Co., Ltd.

·         Olin Corporation

·         Nan Ya Plastics Corporation

·         Dow Inc.

·         Sika AG

·         Ashland Global Holdings Inc.

·         3M Company

·         DIC Corporation

·         Atul Ltd.

·         Evonik Industries AG

·         Kemper System America, Inc.

·         Reichhold LLC (Polynt Group)

Recent Developments

·         In November 2023, Induron Protective Coatings introduced Novasafe, their latest product. Novasafe is a furfuryl-modified, thick film, ceramic-filled novolac epoxy that can endure the most severe conditions in treatment facilities.

·         In October 2023, Matsumoto Fine Chemical (Ichikawa, Japan) introduced X-1366R, a one-part thermosetting epoxy resin designed for composite infusion operations. It does not require pre-mixing and may quickly enter fibers due to its low viscosity at room temperature.

Epoxy Resin Market Segmentation

By Type:

·         DGBEA

·         Novolac

·         DGBEF

·         Aliphatic

·         Glycidylamine

·         Others

By Technology:

·         Solvent Cut Epoxy

·         Liquid Epoxy

·         Waterborne Epoxy

·         Others

By Application:

·         Composites

·         Paints & Coatings

·         Grouts & Mortars

·         Adhesives

·         Electronic Encapsulation

·         Others

By End-use:

·         Aerospace

·         Automotive & Transportation

·         Building & Construction

·         Electrical & Electronics

·         Marine

·         Others

By Region:

·         North America

·         Latin America

·         Western Europe

·         Eastern Europe

·         Asia Pacific (APAC)

·         Middle East & Africa (MEA)

·         Japan

 

Comments

Post a Comment

Popular posts from this blog

Automotive Brake Shims Market Poised for Growth Due to Advancements in Brake Noise Reduction Technologies

  The global   automotive brake shims market   is projected to grow from USD 390 million in 2025 to USD 640 million by 2035, reflecting a compound annual growth rate (CAGR) of 5.1%. This growth trajectory is supported by the increasing emphasis on vehicle noise reduction, improved ride comfort, and enhanced braking system performance. Brake shims play a critical role in dampening vibrations and minimizing brake squeal, which are key factors influencing consumer satisfaction and vehicle quality. As the global automotive sector evolves with technological advancements and stricter safety regulations, the need for reliable and high-quality brake components like shims is becoming more pronounced. Manufacturers are investing in advanced materials and multi-layered shim designs that provide superior thermal resistance and vibration isolation, catering to both OEM and aftermarket demands. Passenger vehicle manufacturers are increasingly integrating advanced brake shims to ensure ...
Read more

Bus Flooring Market to Reach USD 540.7 Million by 2035 Driven by Demand for Lightweight, Durable, and Fire-Retardant Materials

  The expansion of transportation infrastructure and growing urban mobility across both developed and developing regions have significantly contributed to the rising demand for advanced flooring materials in the   bus flooring market . As transit systems modernize, there is increasing emphasis on materials such as polyvinyl chloride (PVC), rubber, vinyl, and composite panels due to their enhanced functionality. These materials are not only lightweight but also offer superior resistance to corrosion and fire, in addition to being easier to clean and maintain. Transit authorities and fleet operators are shifting focus toward such innovative flooring solutions to meet stringent safety and maintenance regulations while ensuring long-lasting performance in high-traffic transit environments. According to market projections, the bus flooring market is expected to grow from USD 365.2 million in 2025 to USD 540.7 million by 2035, registering a compound annual growth rate (CAGR) of 4.0%...
Read more

Global Aircraft Tire Market to Grow Steadily with Surge in Commercial Aviation Activity

  The aircraft tire market is projected to experience steady growth between 2025 and 2035, driven by increasing demand for commercial aviation expansion, rising global air traffic, advancements in tire technology, and the growing fleet of military and cargo aircraft. The market is expected to grow from USD 2,030.1 million in 2025 to USD 3,704.8 million by 2035, reflecting a CAGR of 6.2% over the forecast period. Get Ahead with Our Report: Request Your Sample Now! https://www.futuremarketinsights.com/report-sample#5245502d47422d36313132 The global Aircraft Tire Market is witnessing steady growth, driven by increasing air travel demand, fleet expansion, and advancements in tire technology. The market is expected to experience substantial expansion as airlines and military sectors seek durable, high-performance tires to enhance safety and efficiency. Key Takeaways: • The global aircraft tire market is projected to grow at a significant CAGR during the forecast period. • Growth is fuel...
Read more