Epoxy Resin Market Size, Share, Growth Analysis. Physical Forms (Liquid, Solid). Raw Materials (BADGE, BFDGE). Applications (Paints & Coatings, Composites, Adhesives & Sealants). End-use (Building & Construction, Automotive), By Region - Industry Forecast 2024-2031

Epoxy Resin Market Driver

• The majority of paints primarily include epoxy resin. It becomes thicker as a result, adhering to the tool being used to paint a surface. Paints can still be put on surfaces since they are not at all impossible to spread. Epoxy resin also improves the strength, durability, and resistance to corrosion of the paints. Additionally, topcoats and primers are all uses for epoxy resins. There are primarily two causes for this. The first is that epoxy resins shield materials from UV light deterioration. The second benefit is that they improve the aesthetics of the materials and objects they cover.
• Demand for paints and coatings has been boosted by infrastructure growth and rising car manufacturing. In the upcoming years, the industry is anticipated to be driven by rising disposable income and consumer propensity to spend more. Recent years have seen a sharp growth in global automobile manufacturing as a result of expanding middle-class family demand and rising disposable income in emerging economies.

Epoxy Resin Market Restraint

• During the anticipated period, fluctuating costs of epoxy resins' raw materials are anticipated to impede market expansion.
• Advanced composites are expected to be unable to enter large-volume and price-sensitive sectors due to their relatively high cost and labor-intensive manufacture and therefore will act as obstacle for the market growth.