According to the research report titled ‘Epoxy Resins Market Share, Size, Trends, Industry Analysis Report By Formulation Type; By Application; By Regions, Segments & Forecast, 2020 – 2026’, available with Market Study Report, worldwide epoxy resins market valuation is expected to reach USD 11.28 billion by the year 2026.
 

Lucrative growth of epoxy resins market can be largely attributed to widespread product adoption in powder as well as solvent-dipped coatings, and rising utilization in the manufacturing of PCBs (printed circuit boards) driven by amplifying electronics vertical.
 

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Stringent environmental regulations about vehicular emissions in North America and Europe as well as surging fuel prices are encouraging automakers to manufacture lightweight & efficient vehicle, which along with rapid industrialization are augmenting the global epoxy resins industry outlook.
 

Additionally, escalating demand for epoxy resins from the aerospace sector for the production of composite fibers, coupled with rising product adoption for manufacturing commercial aircrafts, wind turbines, and pressure vessels are positively swaying the market dynamics.
 

For those unaware, epoxy resins are characterized as significant raw materials used in various end-use chemical compounds and are primarily employed in the manufacture of composites, adhesives, coatings, and paints. Industry experts cite that advantageous properties of these compounds, mainly mechanical strength, high thermal stability, adhesion, resistivity, and heat resistance will continue to stimulate product demand for utilization in insulators, jewelry, and laminates.
 

On the contrary, labor-intensive production and high costs associated with advanced composites will barricade business development during the analysis timeframe.
 

Based on formulation type, epoxy resins market is bifurcated into glycidylamine, aliphatic, novolac, DGBEF, DGBEA, and others.
 

Moving on, the application terrain of the industry comprises of wind turbines, electrical & electronics, composites, adhesives, and paints & coatings among others.
 

Regionally, Middle East & Africa epoxy resins market is touted to amass substantial gains during 2020-2026, owing to surging demand for petroleum products due to high energy consumption, and mounting crude oil prices.
 

Top-tier firms defining the worldwide epoxy resins market trends are Sir Industriale SpA, Solvay SA, Evonik Industries AG, Arkema S.A., Covestro AG, Jubail Chemical Industries Co., Nan Ya Plastics Corp., Sika AG, Olin Corporation, Momentive Performance Materials Inc. (MPM), Kukdo Chemical Co. Ltd., Huntsman Corporation, Jiangsu Sanmu Group Co. Ltd., Cytec Industries Inc. (subsidiary of Solvay SA), DuPont de Nemours Inc., BASF SE, Atul Ltd., Sinopec Baling Petrochemical Co. Ltd., Aditya Birla Chemicals Ltd. (ABC), and 3M Co.