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The Global Epoxy Resins Market to Amount to $10470.83 Million by 2028

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The Global Epoxy Resins Market to Amount to $10470.83 Million by 2028

June 21
18:06 2021
The Global Epoxy Resins Market to Amount to $10470.83 Million by 2028

The Global Epoxy Resins Market
As per Triton’s research report, the global epoxy resins market, which generated $6065.41 million in 2020, is likely to chart 5.04% of CAGR by the year 2028.

A recent study by Triton Market Research titled ‘Global Epoxy Resins Market,’ covers the Global Analysis and Forecasts by Application (Electrical & Electronics, Paints & Coatings, Adhesives, Construction, Composites, Wind Turbines, Other Applications), by Raw Material (DGBEF (Bisphenol F & ECH), DGBEA (Bisphenol A & ECH), Aliphatic (Aliphatic Alcohols), Novolac (Formaldehyde & Phenols), Glycidylamine (Aromatic Amines & ECH), Other Raw Material), by Component (Hardeners, Epoxies), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).

 

Request Free Sample of the Global Epoxy Resins Market Report @ https://www.tritonmarketresearch.com/reports/epoxy-resins-market#request-free-sample

 

The report by Triton estimates the global epoxy resins market to exhibit a CAGR of 5.04% in the forecast period 2021-2028. This industry is likely to accumulate a revenue of $10470.83 million by 2028.

Epoxy resins are used for producing aerospace composites. In the aerospace sector, these materials are used as binders for reinforcements like glass, carbon, boron, and Kevlar. The resulting composite materials are strong and lightweight. Epoxy resins are also versatile in nature, owing to which, they can resist extreme temperatures experienced by the aircraft. This helps improve the safety of the aircraft. The growing adoption of epoxy resins by the aerospace industry is expected to benefit the market for epoxy resins. However, there are certain health hazards associated with. Certain studies by researchers have shown that Bisphenol A used in epoxy resins can adversely affect the health of the person exposed to it. The growing awareness of the health hazards associated with BPA-based epoxy resins is hampering the growth of the market.

The market for epoxy resins is segmented into application, raw material, and component. Based on application, it is divided into electrical & electronics, paints & coatings, adhesives, construction, composites, wind turbines, and other applications. Whereas, based on raw material, it is categorized into DGBEF (Bisphenol F & ECH), DGBEA (Bisphenol A & ECH), aliphatic (aliphatic alcohols), novolac (formaldehyde & phenols), glycidylamine (aromatic amines & ECH), and other raw material. On the basis of component, the market is further divided into hardeners and epoxies.

 

Latin America is expected to be the fastest-growing epoxy resins market all over the world. The growth in this region is influenced by the increasing use of epoxy resins by industrial end-users, such as electronics, building & construction, and paints & coatings. Growing private investments have been vital in pushing the growth of the Latin American construction industry, at a time when governments have limited their spending on the sector. With the increasing investments being made by private entities, several markets have undergone reforms in recent years. This has helped them garner attention and increased investment. All these factors are fueling the growth of the epoxy resins market in the region.

Jubail Chemical Industries Company Limited, Nan Ya Plastics, Clariant AG, Sinopec Baling Co, Cytec Industries Incorporation (Solvay), DuPont, Kukdo Chemical Co Ltd, 3M Company, Momentive Performance Materials Holdings LLC, BASF, Chang Chun Plastics Co Ltd, Dow Chemicals, Aditya Birla Chemicals Ltd, and Huntsman Corporation are the well-known players in the epoxy resins market.

 

Purchase this Report @ https://www.tritonmarketresearch.com/reports/epoxy-resins-market#purchase-option

 

Question & Answer: Epoxy Resins Market

Question 1: What factor is expected to benefit the market?

Answer: Epoxy resins are used for producing aerospace composites. In the aerospace sector, these materials are used as binders for reinforcements like glass, carbon, boron, and Kevlar. The resulting composite materials are strong and lightweight. Epoxy resins are also versatile in nature, owing to which, they can resist extreme temperatures experienced by the aircraft. This helps improve the safety of the aircraft. The growing adoption of epoxy resins by the aerospace industry is expected to benefit the market for epoxy resins.

Question 2: What is hampering the growth of the epoxy resins market?

Answer: There are certain health hazards associated with. Certain studies by researchers have shown that Bisphenol A used in epoxy resins can adversely affect the health of the person exposed to it. The growing awareness of the health hazards associated with BPA-based epoxy resins is hampering the growth of the market.

Question 3: Which region is expected to grow the fastest in the global epoxy resins market?

Answer: Latin America is expected to be the fastest-growing epoxy resins market all over the world. The growth in this region is influenced by the increasing use of epoxy resins by industrial end-users, such as electronics, building & construction, and paints & coatings. Growing private investments have been vital in pushing the growth of the Latin American construction industry, at a time when governments have limited their spending on the sector. With the increasing investments being made by private entities, several markets have undergone reforms in recent years. This has helped them garner attention and increased investment. All these factors are fueling the growth of the epoxy resins market in the region.  

Question 4: Who are the well-known players in the epoxy resins market?

Answer: Jubail Chemical Industries Company Limited, Nan Ya Plastics, Clariant AG, Sinopec Baling Co, Cytec Industries Incorporation (Solvay), DuPont, Kukdo Chemical Co Ltd, 3M Company, Momentive Performance Materials Holdings LLC, BASF, Chang Chun Plastics Co Ltd, Dow Chemicals, Aditya Birla Chemicals Ltd, and Huntsman Corporation are the well-known players in the epoxy resins market.

 

Related Report:

Global Reinforcement Materials Market

The global reinforcement materials market is estimated to surge at a CAGR of 6.02% and 5.16% based on revenue and volume, respectively, during the period of 2021-2028. It is likely to garner $12826 million in revenue by 2028.

Reinforcement materials strengthen the product, improving its quality, as well as material properties. The reinforcement fiber can be constructed out of glass, aramid, carbon, and natural fiber.

The rising use of reinforcement fibers for multiple applications, such as construction, aerospace, and transportation, is influencing their demand across the market. Besides, the high demand for lightweight materials, along with the improved product quality due to reinforcement, are additional factors motivating the studied market’s progress.

 

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