The epoxy resins market is anticipated to grow at a CAGR of 6.8% during the forecast period. Epoxy resins are widely accepted owing to their properties such as sleek appearance, durable quality, and great protection for the variety of applications. Additionally, a number of industries are now preferring to use epoxy resins as an adhesive in place of screws, bolts, and nuts for the component assembly owing to the epoxy resins’ ability to adhere to a wide variety of materials. This is anticipated to significantly drive the shares of the epoxy resins market during the forecast period.
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Moreover, increasing use of composites by end-user industries is also expected to significantly drive the growth of the epoxy resins market. However, the volatility experienced in the raw materials will hamper the growth of the epoxy resins market during the forecast period. In addition to this, the adverse health effects caused by the toxic fumes released during the application of epoxy resins is also a major challenge for the adoption of the epoxy resins.
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Market Segmentation
By Physical Form
- Solid
- Liquid
By Application
- Paints & Coatings
- Adhesives & Sealants
- Composites
- Others
By End-User Industries
- Consumer Goods
- Building &Construction
- Automotive
- Electrical & Electronics
- Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
