According to a new report, published by KBV research, The Global Epoxy Resin Market size is expected to reach $15.9 billion by 2030, rising at a market growth of 6.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,804.31 kilo tonnes, experiencing a growth of 5.5% (2019-2022).
The Liquid segment is generating the highest revenue in the Global Epoxy Resin Market by Form in 2022; thereby, achieving a market value of $10.8 billion by 2030. Liquid epoxy resins exhibit excellent adhesion to various substrates, including metals, plastics, ceramics, wood, and composites. When cured, they form strong, durable bonds with high tensile and shear strength, providing reliable adhesion and bonding for structural and assembly applications. Liquid epoxy adhesives are used in automotive, aerospace, construction, marine, and electronics industries for bonding components, laminating materials, and joining dissimilar materials.
The Adhesives & Sealants segment is registering a CAGR of 7.4% during (2023 - 2030). Epoxy-based adhesives are widely used for structural bonding and assembly applications in automotive, aerospace, and construction industries. They provide strong, permanent bonds for joining metal, composite, and plastic components, reducing the need for mechanical fasteners like screws, rivets, and welds. Epoxy adhesives offer advantages such as weight reduction, stress distribution, vibration damping, and fatigue resistance in structural applications.
The DGBEA (Bisphenol A & ECH) segment is leading the Global Epoxy Resin Market by Type in 2022; thereby, achieving a market value of $9 billion by 2030. DGBEA-based epoxy resins offer superior mechanical properties, including high strength, stiffness, and toughness, as well as excellent adhesion and chemical resistance. These properties make DGBEA-based epoxy resins suitable for various applications across industries, including aerospace, automotive, construction, electronics, and marine. DGBEA-based epoxy resins are highly versatile and compatible with various curing agents, additives, fillers, and reinforcements, allowing for customization and optimization of properties to meet specific application requirements.
The Transportation segment is experiencing a CAGR of 6.6% during (2023 - 2030). Epoxy resins are used for corrosion protection, repair, and maintenance of transportation infrastructure and equipment. Epoxy-based coatings, liners, and repair materials protect against corrosion, abrasion, and chemical exposure in harsh environments such as roads, bridges, tunnels, pipelines, and marine structures. Epoxy repair systems rehabilitate deteriorated concrete, steel, and composite surfaces, extending the service life of transportation assets.
Full Report: https://www.kbvresearch.com/epoxy-resin-market/
The Asia Pacific region dominated the Global Epoxy Resin Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $7.3 billion by 2030. The North America region is anticipating a CAGR of 5.8% during (2023 - 2030). Additionally, The Europe region would exhibit a CAGR of 6.1% during (2023 - 2030).
By Form (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By End-use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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