Global Epoxy Resin Market In-Depth Analysis and marketing strategies by 2027.
                     Global Epoxy Resin Market In-Depth Analysis and marketing strategies by 2027.
Market Overview:
Epoxy resin is a polymer produced by copolymerization of an epoxide with a compound that 
consists of two hydroxyl groups. Epoxy resin is high-performance resins that have excellent 
properties such as high thermal stability, resistance to corrosion, high mechanical strength, 
durability, and superior adhesion. Epoxy resin is majorly used across adhesive, paints &coatings, 
and electronic encapsulation applications.
The global epoxy resins market is projected to surpass US$ 5,834.41 million by the end of 
2027, in terms of revenue, growing at CAGR of 6.6% during the forecast period (2020 to 
2027).
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Market Drivers:
Growing demand for paints &coating is a prime factor fueling the market growth of the epoxy resin.
Epoxy resin-based products exhibit quick dry property and provide excellent coatings for the 
construction industry. Epoxy resin-based paints are widely used across concrete floor paint, floor 
paint, and epoxy primers. They prevent corrosion and rust on the surfaces. These coatings are used 
in primers for improving adhesion of automotive and marine components. Thus, growing demand 
for paints &coatings is expected to foster the market growth of the epoxy resins.
Regionally, Asia-pacific dominated the global epoxy resins market in 2019, reporting 62% market 
share in terms of revenue, followed by Europe and North America, respectively.
Market Opportunities:
Increasing use of wind turbines for power generation due to growing concern over the depleting of 
conventional sources is projected to offer potential opportunities in the market. Also, the growing 
use of epoxy resins in ship repairs and maintenance of various components such as decks, ballast 
tanks, topsides, underwater hulls, superstructures, and cargo tanks is again propelling the market 
growth. Moreover, increasing demand for efficient commercial and military aircraft are further 
projected to propel the market growth of epoxy resins over the forecast period.
Major players operating in the market includes BASF SE, Huntsman Corporation, The Dow 
Chemical Company, 3M Company, DuPont, Aditya Birla Chemicals Ltd (Thailand), Momentive 
Specialty Chemicals Inc, Nan Ya Plastics Corporation, Kukdo Chemical Ltd., NAMA Chemicals.
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