Exactitude Consultancy Press Release: Global epoxy market

Technological advancements in epoxy chemistry fuel demand for of epoxy market.

Technological improvements in Epoxy chemistry are projected to drive the market demand for epoxy products. These developments have resulted in the creation of new epoxy formulations with improved qualities and performance characteristics. Epoxy chemistry advancements have focused on enhancing curing time, adhesion strength, chemical resistance, flexibility, and durability. These improvements enable epoxy materials to satisfy the changing demands of a variety of sectors, including construction, automotive, electronics, aerospace, and others. With the ability to tailor epoxy formulations to specific applications, manufacturers can offer customized solutions that cater to the unique requirements of their customers. As a result, technological advancements in epoxy chemistry are driving the demand for epoxy-based coatings, adhesives, and composites, further expanding the epoxy market.

The rise in demand for high-performance protective coatings boosts the demand for the epoxy market.

Industries across various sectors, including automotive, construction, oil and gas, marine, and manufacturing, require coatings that offer exceptional protection against corrosion, chemicals, abrasion, and weathering. Epoxy-based coatings are known for their excellent adhesion, durability, and resistance to harsh environments, making them ideal for providing long-lasting protection to surfaces. The growing emphasis on extending the lifespan of assets, reducing maintenance costs, and ensuring optimal performance has led to increased adoption of high-performance protective coatings, which, in turn, drives the demand for epoxy products. As industries recognize the value of reliable and robust coatings, the epoxy market experiences growth due to its ability to meet the stringent requirements of high-performance protective coatings.

Explore 136 market data Tables spread through nearly 98 Pages and in-depth analysis on “Epoxy Market by Type (Glycidyl Epoxy (Glycidyl-ether, Glycidyl-ester, Glycidyl-amine), Non-glycidyl Epoxy (Aliphatic, cycloaliphatic)), Application (Paints & Coatings, Construction and Flooring, Automotive and Public Transport, Water Pipework, Food Packaging, Others) and by Region Global Trends and Forecast from 2022 to 2029” With Table of Content

The availability of alternatives might hamper the epoxy market growth.

The epoxy products offer excellent properties and versatility, some alternative materials and technologies compete with epoxy-based solutions. For instance, in the coatings industry, there are alternatives such as polyurethane, acrylic, and water-based coatings that offer different advantages and cater to specific application requirements. Similarly, in the adhesive market, alternatives like cyanoacrylates, polyurethane adhesives, and structural tapes provide different bonding capabilities. The availability of these alternatives gives customers options to choose from based on their specific needs, which can impact the demand for epoxy products. However, the food industry is looking for alternatives to epoxy resins based on BPA. In light of this, food companies may decide to fully abandon epoxy coatings in favor of alternative forms of packaging, such as paper preservatives, plastic packaging, etc.

The presence of large industry players carrying out strategic initiatives will drive epoxy market share.

The major players operating in the global epoxy include Huntsman Corporation, Dow Chemical Company, Hexion Inc., 3M Company, BASF SE, Sika AG, Olin Corporation, Aditya Birla Chemicals, Kukdo Chemical Co. Ltd., Evonik Industries AG, Atul Ltd.

The Asia-Pacific region dominated the epoxy market.

The Asia-Pacific region has been witnessed as the dominant force in the epoxy market. The region is experiencing rapid industrialization and urbanization, leading to increased construction activities and infrastructure development. Epoxy-based products, such as coatings, adhesives, and sealants, are in high demand for these applications due to their excellent bonding capabilities, durability, and chemical resistance. Additionally, the automotive industry in the Asia-Pacific region is growing at a significant pace, driving the demand for epoxy-based adhesives, coatings, and composites that offer lightweight solutions and improved fuel efficiency. Moreover, the electronics and electrical industry in countries like China and South Korea heavily relies on epoxy materials for insulation, encapsulation, and protection of electronic components.

Epoxy Market Key Players

The global epoxy market key players include Huntsman Corporation, Dow Chemical Company, Hexion Inc., 3M Company, BASF SE, Sika AG, Olin Corporation, Aditya Birla Chemicals, Kukdo Chemical Co. Ltd., Evonik Industries AG, Atul Ltd.

Key Market Segments: Epoxy Market

Epoxy Market by Type 2022-2029, (USD Billion) (Kilotons)

• Glycidyl Epoxy
  • Glycidyl-ether
  • Glycidyl-ester
  • Glycidyl-amine
• Non-glycidyl Epoxy
  • Aliphatic
  • Cycloaliphatic

Epoxy Market by Application, 2022-2029, (USD Billion) (Kilotons)

• Paints & Coatings
• Construction and Flooring
• Automotive and Public Transport
• Water Pipework
• Food Packaging
• Others

Epoxy Market by Regions, 2022-2029, (USD Billion) (Kilotons)

• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa

Important Countries in All Regions Are Covered

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