The global epoxy resin market is anticipated to grow at a CAGR of about 6.8% between 2020-2026, according to a new report from Research and Markets.
Epoxy resin belongs to the class of thermoset polymer and is made from a monomer that contains at least two epoxide groups. Attributed to its strong adhesive property, epoxy resins had a wide range of applications in many industries, which is anticipated to significantly drive the growth of the market in the near future.
The global epoxy resin market is segmented based on the form, application, and end-user industries. In terms of the form, the market is bifurcated into solid and liquid. By application, the market is sub-segmented into paints and coatings, adhesives and sealants, composites, and others.
The paints and coating sector is anticipated to hold a major market share during the forecast period. Further, on the basis of end-user industries, the market is sub-segmented into consumer goods, building and construction, automotive, electrical and electronics, and others.
The global epoxy resin market is further segmented based on geography including North America, Europe, Asia-Pacific, as well as other parts for the world. Growth is expected due to the significant demand from automotive, energy, electrical and electronics products in the region.
The key players of the global epoxy resin market include 3M Co., Aditya Birla Group, Olin Corp., Sika AG, BASE SE, Huntsman International LLC, DuPont de Nemours, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, collaborations with government, geographical expansions, and new product launch to stay competitive in the market.
The market study of the global epoxy resin market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate.
The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data.
This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings more authenticity to the reports.
The report covers:
- A comprehensive research methodology of the global epoxy resin market.
- A detailed and extensive market overview with key analyst insights.
- An analysis of macro and micro factors influencing the market guided by key recommendations.
- An analysis of regional regulations and other government policies impacting the global epoxy resin market.
- Insights about market determinants which are stimulating the global epoxy resin market.
- A detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Learn more here.