Global Low Chlorine Epoxy Resin Market Outlook 2022

Global Epoxy Resin Market was valued at US$ 7.7 Bn in 2017, and is expected to reach US$ 12.45 Bn by 2026, at a CAGR of 6.5 % during forecast period.Global Epoxy Resin MarketThe objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology.

The report also helps in understanding Epoxy Resin market dynamics, structure by identifying and analyzing the market segments and project the global market size.

Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.

Despite that, fluctuating raw material cost and high prices of epoxy could hamper the market growth.High performance of epoxy resin as compared to other resin, increasing research and development activities, and increase in penetration of epoxy resin in various end-user industries drive its demand in global market.

Epoxy-based paints & coatings prevent corrosion and rust; resulting in high demand from several industries such as building & construction, automotive, and others.Epoxy resin is extensively used as an insulation material for the electronics and electrical applications that require protection in extreme and dangerous environments (such as, chemical plant equipment, deep sea, and engine management), owing to the properties, such as high physical and mechanical strength, good dimensional stability, excellent dielectric properties, etc.Epoxy resins are mostly used in chemical and special purpose coatings as they provide a thin layer coating with outstanding chemical resistance, durability, strong bond strength and adhesion, and also dry quickly.Based on the end user, Building & construction sector expected to be the dominant end-use industry.

Though the growth of this sector has slowed down, it would still provide opportunities for the growth of the epoxy resin market.Geographically, Asia Pacific was the largest regional market in 2017.

Epoxy resin is a chemical compound that is widely used as a great adhesive in bonding materials together, and it's the main ingredient of epoxy glue.

Being the most effective adhesive material, epoxy resin is most commonly used in construction works and maritime applications, but it can also be seen commonly in household projects.

It's relatively easy to get hold of this material since you can easily purchase it from hardware stores.

Epoxy resin offers strength, durability, and resistance to chemicals and water.

For instance, it can be used to repair a cracked wall, repair damaged flooring and countertops, provide a new layer of protection for any materials that are being stored or transported in the open, and much more.

The homeowner will use it to patch up the crack, and while it is being applied, a new layer will harden.