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Epoxy Resin Market Insights, Covid-19 Impact, Competition and Forecast
Epoxy Resin Market  Insights, Covid-19 Impact, Competition and Forecast
The global epoxy resin market size was valued at USD 8.70 billion in 2020. The market is anticipated to rise from USD 11.59 billion in 2021 to USD 17.10 billion by 2028 at a 5.7% CAGR during the forecast period 2021-2028

The global epoxy resin market size was valued at USD 8.70 billion in 2020. The market is anticipated to rise from USD 11.59 billion in 2021 to USD 17.10 billion by 2028 at a 5.7% CAGR during the forecast period 2021-2028. Fortune Business Insights™ has delved into these insights in its latest research report, titled, “Epoxy Resin Market2021-2028.”

Report Coverage

The report focuses on quantitative and qualitative assessments to offer a holistic view of the global market. The report highlights bottom-up and top-down approaches to provide a comprehensive view of product mapping. Further, a host of primary interviews has been conducted with opinion leaders, suppliers and other stakeholders. Primary data has been collated through emails, telephonic conversations and questionnaires. The secondary sources referred are press releases, SEC filings and websites.

Segmentation

Based on application, the market is segmented into electrical & electronics, paint & coatings, wind turbine & composites, adhesive & sealants, civil engineering and others.

In terms of geography, the industry is segregated into North America, Asia Pacific, Europe, the Middle East and Africa and Latin America.

Drivers and Restraints

Steady Demand from Automotive to Usher Growth Potentials

While the impact of the COVID-19 pandemic had a pressing effect on the automotive industry in 2020, the next few years could provide growth opportunities. The trend for lightweight materials could spur epoxy resin market growth during the forecast period. An increased focus on next-gen vehicles, along with investments in research activities, will drive the growth potentials. Industry players expect robust government policies and industrialization to augur well across advanced and emerging economies.

 

Information Source:

https://www.fortunebusinessinsights.com/epoxy-resin-market-106597