Epoxy Resin Market is set to Boom Worldwide at a CAGR of 5.84% by 2028

 

Data Bridge Market Research analyses that the Epoxy Resin Market will witness a CAGR of 5.84% for the forecast period of 2028 and is likely to reach at USD 9.83 billion by 2028.

Industry Analysis

Epoxy resin is a raw material used as an end-use chemical in paints and coatings. It is utilized in the powder form for electronic equipment. Epoxy resin is synthesized with bio-based epoxy curing agent in order to form natural rubber, sugar, vegetable oil and others. Epoxy resins are able to keep generators and transformers clean and free of short circuits. The growth in the demand for eco-friendly coating and increasing application in the aerospace industry are the major drivers influencing the growth of the epoxy resin market. Furthermore, surge in the demand by aviation and automotive industry for the manufacturing of lightweight materials, growing usage of the product for the preparation of wooden boats as they are not prone to the tiny holes will accelerate the epoxy resin market growth rate.

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