Global Epoxy Resin Market



Market DriverEmerging TrendChallengesCAGR
Occams Business Research and Consulting

- Rising demand for lightweight materials in aviation and automotive industry- Growing usage of wind turbines for green energy generation is also positively impacting the epoxy resins market- Impulsive prices of the raw material9.6 % (2016 - 2022)
Markets and Markets
- Growth owing to increasing applications
- Technological advancements
- Demand in Asia-Pacific
--5.77% (2016 - 2021)
Allied Analytics LLP
- High demand for epoxy resin from aerospace industry
- Rapid industrialization, growth in end-use industries, extensive R&D on epoxy resinR
-- Fluctuation in raw material prices mainly epichlorohydrin6.2% (2016 - 2022)
Mordor Intelligence
- Increasing demand from the paints and coatings industry and rising demand from the electrical and electronics sector- Development of innovative products will offer opportunities for the growth- High cost of the raw materials
- Environmental concerns
6.68% (2016 - 2021)