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Showing posts with the label Epoxy Resin Market

Global Perspectives: Epoxy Resin Market Insights by Region

The global epoxy resin market size was estimated at   USD 11.25 billion in 2023   and is anticipated to expand at a   CAGR of 6.3%   from 2024 to 2030. The increasing demand for   paints and coatings   is expected to be a key driver of market growth during the forecast period. This surge in demand for epoxy resins is primarily due to heightened spending on construction, particularly in the residential sector, with North America and Western Europe witnessing notable growth. Furthermore, the rapid escalation of global manufacturing activities is projected to drive the consumption of paints and coatings, particularly in the production of motor vehicles, durable goods, and industrial maintenance applications, further boosting the demand for epoxy resins worldwide. In recent years, there has been a significant rise in global automotive production, driven by growing demand from middle-class families and increasing disposable incomes in emerging nations such ...

Unlocking Potential: Application Insights in the Epoxy Resin Market

  The global epoxy resin market was valued at approximately USD 11.25 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030. This growth is primarily driven by the surging demand for paints and coatings, which are increasingly being utilized across various sectors. A significant contributor to this rising demand for epoxy resins is the escalating investment in construction activities, particularly in the residential sector, with North America and Western Europe leading the charge. In addition to the construction boom, the rapid expansion of global manufacturing activities is anticipated to further elevate the need for paints and coatings. These coatings are essential in the production processes of motor vehicles and other durable goods, alongside their critical role in industrial maintenance applications. Collectively, these factors are set to enhance the global demand for epoxy resins significantly. Gather more insights about ...