Epoxy Resin E-44 Market Size, Share & Industry Analysis, By Type (Single component, Two component, Multi component), By Application (Paints & Coatings, Composites, Construction) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104304 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Epoxy resins E-44 are resins that form the functional group of epoxide. These thermosetting polymers with an excellent material characteristics, are gaining popularity in the manufacturing sector. In the current scenario, the versatility of epoxy resins across different end-use industries is the key factor driving growth of global epoxy resins market. The growing demand from electrical and electronic industries , fiber-reinforced plastics industries and metal coatings industries is likely to expand the global market during the forecast period.

Growing demand for epoxy-based composites in car and aircraft engineering is likely to drive the growth of the global market for epoxy resins. Aerospace industry uses complex nanosized composites with an excellent mechanical properties. Moreover, the rising need to improve the efficiency of commercial and military aircraft has led to the adoption of light-weight, structural materials. Epoxy Resin fits best to these applications as it serves the weight reduction criteria for the aerospace and automotive industries. However, stringent government regulations have been imposed on the use of few agents such as BPA in epoxy resins, due to health concerns. Such strict regulation represents key challenge for manufacturers to grow in this market.

Key Market Driver -

The widespread use in the aerospace and automotive industries is driving the market.

Key Market Restraint -

Health concerns related to certain harmful toxins present is likely to restrict the market growth.

Market Segmentation:

Based on type, the market for Epoxy Resin E-44 is further segmented into Single component, Two component and Multi component. Based on application, the market for Epoxy Resin E-44 is further segmented into Paints & Coatings, Composites and Construction. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global & regional players operating in the Epoxy Resin E-44 market includes, DowDuPont, BASF SE, Mitsui Chemicals, Henkel, Kukdo Chemicals Ltd., DuPont, Huntsman Corporation, NAMA Chemicals, The Dow Chemical Company, and 3M Company

Key Insights

New Advancements in Production Technologies

Key Trends in the epoxy resin e-44 market

New Product Launches, Expansions, Key Players

Ranking of Key Players in the Marke

Regional Analysis:

Asia Pacific dominates the global epoxy resin E-44 market due to strong demand from the construction industries. More and more companies are shifting their manufacturing base in these regions owing to the low cost of labours. The robust growth of the aerospace industry in North America is fueling demand for epoxy resins. Epoxy resins ensures weight reduction in the aerospace industry, which results in a substantial decrease in fuel consumption. Europe shows moderate growth owing to the increased investments in technological advancement in the region. However, in Europe strict regulations have been implemented on the use of epoxy resins. According to EU Coatings Sector bisphenol A is expected to cause breast and prostate cancer, diabetes,and other diseases, the manufacturers are focused on increasing production of safer alternatives for epoxy resins used for food packaging industries. This has further led the manufacturers in the region to implement new tecnologies and come up with better alternatives products. The GCC countries continue to contribute to the market growth. Latin America also witnessess decent market growth owing to increased manfucacturing and product developments in the region. For example PPG reported that Latin America sales volumes grew 3.5 percent year on year with net sales being 6.0 percent owing to the acquisitions, led by Comex.

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Segmentation

ATTRIBUTE	DETAILS
By Type	Single component Two component Multi component
By Application	Paints & Coatings Composites Construction
By Geography	North America (USA, and Canada) Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe) Asia Pacific (Japan, China, India, South Korea, Southeast Asia and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Epoxy Resin E-44 Industry Developments

In April 2017, Hexion a chemical company in Columbia, announced that it has launched a new range of resins under the brand name EPI REZ Resin. These epoxy reins was launched with the intention to expand the product offering for the coating applications.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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