Epoxy Resin Procurement Sourcing Intelligence, Pricing Models and Revenue Forecasts 2030
Epoxy Resin Category Overview The epoxy resins category is expected to grow at a CAGR of 7.3% from 2023 to 2030. The industry is being driven significantly by the rising demand from the paints & coatings sector. In addition, the category is also being supported by the growth of investments in the construction sector, particularly residential construction in Western Europe and North America. Furthermore, the continuous growth of manufacturing activities across the globe is also anticipated to fuel the demand for paints & coatings which are utilized in the production of automobiles and several other durable goods, as well as industrial maintenance applications. Technological developments in the formulations of epoxy resins has led to the production of resins with enhanced quality such as better thermal strength, improved chemical resistance and higher mechanical strength. These advancements enable epoxy resins to suit the changing needs of electronics, automotive and aerospace ...