PUBLISHER: TechNavio | PRODUCT CODE: 1405575
PUBLISHER: TechNavio | PRODUCT CODE: 1405575
The epoxy resin market is forecasted to grow by USD 5.18 bn during 2023-2028, accelerating at a CAGR of 6.75% during the forecast period. The report on the epoxy resin market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for paints and coatings in automotive industry, significant growth in consumer electronics industry, and raising demand from aerospace industry.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 6.29% |
CAGR | 6.75% |
Incremental Value | $5.18bn |
Technavio's epoxy resin market is segmented as below:
By Application
By End-user
By Geographical Landscape
This study identifies the increasing focus on bio-based and eco-friendly resins as one of the prime reasons driving the epoxy resin market growth during the next few years. Also, growing marketing initiatives by vendors and growing use of e-commerce sites to purchase epoxy resins and epoxy-related products will lead to sizable demand in the market.
The report on the epoxy resin market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading epoxy resin market vendors that include 3M Co., Aditya Birla Management Corp. Pvt. Ltd., Atul Ltd., Chang Chun Group, China Petrochemical Corp., Daicel Corp., DuPont de Nemours Inc., Hexion Inc., Huntsman International LLC, Kolon Industries Inc., Kukdo Chemical Co. Ltd., Nagase and Co. Ltd., NAMA Chemicals Co., Nan Ya Plastic Corp., Olin Corp., RAG Stiftung, Sika AG, SIR INDUSTRIALE S.P.A., Solvay SA, and Spolchemie AS. Also, the epoxy resin market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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