Epoxy Resin Market to Reach US$ 42.03 Bn by 2023 Driven by Growing Demand in Construction and Automotive Industries
Epoxy Resin Market The global Epoxy Resin Market is estimated to be valued at US$ 42.03 Bn in 2022 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Epoxy resin is a versatile polymer that is widely used in various industries such as electronics, construction, aerospace, automotive, and marine. It offers excellent adhesion, chemical resistance, and mechanical properties, making it a preferred choice for various applications. The increasing demand for epoxy resin from the electronics industry for manufacturing printed circuit boards (PCBs), adhesives, and encapsulants is driving the market growth. Moreover, the growing construction activities, particularly in emerging economies, are further fueling the demand for epoxy resin-based coatings, adhesives, and sealants. The superior performance characteristics of epoxy resin, such as high strength, durability, and corrosi...