Epoxy Resin Market – Growth Trends, Top Key Players, Business Opportunities, Industry Share, Global Size Estimation by Forecast to 2025

Global Epoxy Resin Market: Information by Type, Technology, Application, End-Use (Automotive & Transportation, Building & Construction, Electrical & Electronics, Marine, Aerospace and others) and Region - Forecast till 2025

Pune, India - October 15, 2019 /MarketersMedia/ —

The Global Epoxy Resin Market is expected to grow at a strong 5.24% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The Global Epoxy Resin Market is mainly driven by the growing demand from the construction industry, automotive industry, and electronics industry.

The growing use of Epoxy Resins in automotive and electronics applications is likely to be a major driver for the Epoxy Resin Market over the forecast period. Epoxy Resin works well as an adhesive with synthetic materials such as metals and plastics, leading to its widespread use in the automotive and electronics industries. The growing demand for effective adhesives in these industries is likely to lead to growing demand from the Epoxy Resin Market over the forecast period. The growing electronics industry in Asia Pacific is likely to be a major driver for the Epoxy Resin Market.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1736

The construction industry is also likely to provide significant scope for growth of the epoxy resin market in the coming years. Epoxy Resin is used in various capacities in the building and construction industry. This is likely to be a major driver for the Epoxy Resin Market over the forecast period. Epoxy Resin finds application in various construction avenues as a sealant or as an adhesive. The growing demand for epoxy adhesives and sealants, which are stronger and last longer than conventional adhesives, in the construction industry is likely to be a major driver for the Epoxy Resin Market over the forecast period. The growing construction industry in developing parts of the world is likely to be a major driver for the Epoxy Resin Market over the forecast period. Epoxy works well with construction materials as an adhesive and sealant, due to its superior adhesion characteristics about construction materials. The growing demand for effective adhesives and sealants in the construction industry is likely to be a major driver for the Epoxy Resin Market over the forecast period.

Competitive Analysis:

Leading Players in the Global Epoxy Resin Market include Spolchemie, Huntsman International LLC, Ciech S.A., BASF SE, Kolon Industries Inc., Aditya Birla Chemicals, and Olin Corporation. Major players in the epoxy resin market are likely to focus on capacity expansion in the coming years due to the growing demand for Epoxy Resin from various end-use industries.

Segmentation:

The Global Epoxy Resin Market is segmented based on Type, Technology, Application, and Region.

By Type, the Global Epoxy Resin Market is segmented into glycidyl epoxy and non-glycidyl epoxy. Glycidyl epoxy is likely to hold the majority share in the Global Epoxy Resin Market over the forecast period.

By Technology, the Global Epoxy Resin Market is segmented into liquid epoxy, waterborne epoxy, solvent cut epoxy, and others. The liquid Epoxy Resin segment accounted for the largest share in the Global Epoxy Resin Market in 2016 due to its wide range of application.

By Application, the Global Epoxy Resin Market is segmented into building and construction, automotive and transportation, electrical and electronics, adhesives and sealants, marine, and others. The building and construction industry are the largest end user of Epoxy Resin and is likely to retain the position over the forecast period due to the growing demand for Epoxy Resin from the construction industry.

Have Any Query? Ask Our Expert @ https://www.marketresearchfuture.com/enquiry/1736

Regional Analysis:

Asia Pacific held the dominant share in the Global Epoxy Resin Market in 2016, followed by North America and Europe. The growing construction industry in Asia Pacific is likely to be a major driver for the Epoxy Resin Market over the forecast period. Due to widespread urban immigration, the demand for affordable housing has grown in countries such as India, China, South Korea, the Philippines, and Indonesia. Countries such as Singapore, Malaysia, and Australia are also key markets for the construction industry, as growing urban development has driven significant construction activities in these regions.

Despite a recent slowdown, automotive manufacturing is still a prosperous industry in Asia Pacific. This is also likely to add to the growth prospects of the Epoxy Resin Market in the region over the forecast period.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future, Office No. 524/528, Amanora Chambers, Magarpatta Road, Hadapsar, Pune - 411028, Maharashtra, India, +1 646 845 9312
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/epoxy-resin-market-1736

Source URL: https://marketersmedia.com/epoxy-resin-market-growth-trends-top-key-players-business-opportunities-industry-share-global-size-estimation-by-forecast-to-2025/88928092

Source: MarketersMedia

Release ID: 88928092