A Market Place Research – Page 2723

Sodium Silicate Market Will See Strong Expansion Through Forecast Year

The global sodium silicate industry generated $7.2 billion in 2019, and is estimated to garner $9.2 billion by 2027, manifesting a CAGR of 3.7% from 2020 to 2027. The report provides a detailed analysis of changing market dynamics, major investment pockets, key winning strategies, value chain, key segments, and competitive scenario.

Increase in demand for production of soaps, detergents, rubbers, and tires and rise in demand from the pulp & paper sector fuel the growth of the global sodium silicate market. However, hazardous characteristics of sodium silicate and presence of substitutes in the market hinder the growth. Contrarily, surge in applications in the construction sector creates opportunities in the next few years.

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Covid-19 Scenario:

Production activities have been stopped as governments of many countries imposed the lockdown. In addition, raw materials shortage has been taken place and the supply chain has hindered.
Day-to-day operations in manufacturing of detergents, adhesives, paints, and catalysts have been halted, which in turn, lowered down the demand of sodium silicate.
The demand is estimated to roll up and the supply-demand gap would be filled during the post-lockdown as daily activities for the end-use industries resume.

The report offers detailed segmentation of the global sodium silicate market based on form, type, grade, application, end use, and region.

By form, the crystalline segment accounted for the largest market share, contributing to nearly two-thirds of the total market in 2019, and is estimated to maintain its leadership status during the forecast period. Moreover, this segment is expected to grow at the fastest CAGR of 3.9% from 2020 to 2027. The report offers an extensive analysis of the anhydrous segment.

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By end use, the construction segment contributed to the highest share in 2019, holding nearly one-third of the global sodium silicate market, and is projected to maintain its dominance in terms of revenue during the forecast period. However, the pulp & paper segment is expected to manifest the largest CAGR of 4.3% from 2020 to 2027.

Based on region, North America is estimated to register the highest CAGR of 4.3% during the forecast period. However, Asia-Pacific held the largest market share in 2019, accounting for more than two-fifths of the total market share, and will maintain its lead status by 2027.

Major players of the global sodium silicate market analyzed in the research include Tokuyama Corporation, Merck Millipore Limited, Evonik Industries AG, PQ Group Holdings Inc., Nippon Chemical Industrial Co. Ltd., CIECH S.A., Occidental Petroleum Corporation, Shijiazhuang Shuanglian Chemical Industry Co. Ltd., Sinchem Silica Gel Co. Ltd., and Kiran Global Chem Limited.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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Battery Metals Market – Overview Of The Key Driving Forces To Create Positive Impact On The Industry Growth

The global battery metals market was estimated at $11.3 billion in 2019 and is expected to hit $20.5 billion by 2027, registering a CAGR of 8.2% from 2020 to 2027. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends.

Rise in demand for smartphones, tablets, and other electronic devices, increase in call for electrical vehicles/hybrid electric vehicles/plug-in hybrid vehicles (EV/HEV/PHV), and rapid development in the renewable energy sector fuel the growth of the global battery metals market. On the other hand, risk of supply security impedes the growth to some extent. Nevertheless, surge in investment on electrification of remote & rural area and higher energy efficiency requirements in technologically updated consumer gadgets are expected to create multiple opportunities for the key players in the sector.

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Covid-19 scenario-

The outbreak of Covid-19 led to a slowdown in the electronic vehicle market. Accordingly, the world experienced a significant decline in vehicle sales. The economic slumps in Europe and Japan shored up the dip yet more.
Also, automakers across the globe postponed battery shipments due to lockdown and in turn, the global battery metals market was affected badly. Nevertheless, the market is expected to get back to its position post the pandemic.

The global battery metals market is analyzed across type, application, and region. Based on type, the lithium segment accounted for nearly two-fifths of the total market revenue in 2019 and is anticipated to lead the trail by 2027. At the same time, the nickel segment would manifest the fastest CAGR of 8.7% throughout the forecast period.

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Based on application, the consumer electronics segment contributed to nearly two-fifths of the total market share in 2019 and is expected to retain its dominance by the end of 2027. Simultaneously, the energy storage systems segment would register the fastest CAGR of 8.5% during the study period.

Based on region, Asia-Pacific generated the highest share in 2019, holding more than two-thirds of the global battery metals market. Europe, on the other hand, would grow at the fastest CAGR of 8.7% from 2020 to 2027. The other provinces studied in the report include North America and LAMEA.

The key market players analyzed in the global battery metals market report include Albemarle Corporation, Umicore, Gan Feng Lithium Co., Ltd., Sumitomo Metal Mining Co., Ltd., Norlisk Nickel, Tianqi Lithium, Vale, China Molybdenum Co., Ltd., SQM S.A., and Glencore International AG. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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Flexible Foam Market Key Growth Drivers, Current & Upcoming Industry Trends and Top Key Players Analysis

The global flexible foam industry was pegged at $44.0 billion in 2019, and is projected to reach $61.3 billion by 2027, growing at a CAGR of 5.2% from 2020 to 2027.

Drivers, restraints, and opportunities-
Infrastructural development, favorable public-private partnerships, and expansion of residential & commercial sector have boosted the growth of the global flexible foam market. However, fluctuations in prices of raw materials and regulatory intervention on raw materials hamper the market growth. On the contrary, rapid technological advancements and penetration of international infrastructure players in developing economies are expected to create lucrative opportunities for the market players in the coming years.

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Covid-19 scenario: The outbreak of Covid-19 has greatly affected the global flexible foam market.

Lockdown in various countries and shortage of labor have temporarily suspended the manufacturing of advanced materials.
Dearth of raw materials and disrupted supply chain have affected the manufacturing of flexible foams.

The polyurethane (PU) foam segment dominated the market-
By type, the polyurethane (PU) foam segment held the lion’s share in 2019, contributing to around three-fifths of the global flexible foam market, owing to its key features such as lightweight enhanced cushioning and sealing, improved thermal insulation and its environmental benefits such as recyclability, reduction in wastage, and higher sustainability. However, the polypropylene (PP) foam segment is expected to register the highest CAGR of 5.6% during the forecast period, due to increased demand from prime end-use industries for durable and recyclable foams coupled with surge in demand for bio-based polypropylene.

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The packaging segment to portray highest CAGR through 2027-
By application, the packaging segment is expected to manifest the fastest CAGR of 7.0% during the forecast period, owing to increased adoption of composite packaging in various industries. However, the furniture & bedding segment held the largest share in 2019, accounting for more than three-fifths of the global flexible foam market, as the furniture industry demands flexible foam to make furniture more durable, supportive, and comfortable.

Asia-Pacific, followed by Europe and North America, held the largest share-
By region, the global flexible foam market across Asia-Pacific held the largest share in 2019, contributing to nearly half of the market. Moreover, the region is expected to register the highest CAGR of 5.6% during the forecast period, due to presence of diverse end-use industries in various regions including packaging, automotive, and packaging industries. On the other hand, the market across North America is expected to register a CAGR of 4.7% during the forecast period.

Major market players

BASF SE
Sekisui Chemical Co. Ltd.
Rogers Corporation
The Woodbridge Group
The Dow Chemical Company

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Thermochromic Pigments Market Trends, Business Strategies And Opportunities With Key Players Analysis 2027

The global thermochromic pigments industry was estimated at $428.3 million in 2019, and is anticipated to hit $595.0 million by 2027, registering a CAGR of 6.2% from 2020 to 2027.

Prime determinants of growth-
Increase in preference for colored materials among consumers drives the growth of the global thermochromic pigments market. Moreover, use of printing inks containing metallic pigments has risen in the flexible packaging industry which, in turn, has supplemented the growth yet more. Simultaneously, the fact that these pigments provide excellent color strength and vibrant durable colors is expected to create lucrative opportunities for the key players in the industry.

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COVID-19 impact-

The outbreak of COVID-19 has curbed the market growth to a significant extent. , Increased globalization that had earlier worked as a key factor in restructuring the thermochromic pigments industry has now failed to brace the market during the pandemic.
The global lockdown has disrupted the supply chain badly and as a result, the manufacturing process has also been severely hampered. However, government bodies across the world are now coming up with certain relaxations to ease up the existing regulations and the global market is projected to retrieve its position soon.

The reversible segment to dominate by 2027-
Based on type, the reversible segment contributed to more than three-fifths of the global thermochromic pigments market share in 2019, and is expected to rule the roost by the end of 2027, owing to their reversible color changing property. At the same time, the irreversible segment would register the fastest CAGR of 6.3% throughout the forecast period. This is due to the fact that irreversible thermochromic pigment has relatively lower cost in comparison to reversible thermochromic pigment.

The printing ink segment to maintain the dominant share-
Based on application, the printing ink segment accounted for more than one-fourth of the global thermochromic pigments market revenue in 2019, and is anticipated to lead the trail from 2020 to 2027. Rise in prevalence of innovative products and growing inclination toward colorful stuffs among the consumers are expected to foster the segment growth. Simultaneously, the plastic & polymer segment would manifest the fastest CAGR of 6.7% till 2027. Rise in polymer production activities across the globe is increasing the demand for thermochromic pigments which, in turn, augments the growth of the segment.

North America garnered the major share in 2019 –
Based on geography, North America garnered the largest share in 2019, holding more than one-third of the global thermochromic pigments market. The US has built an advantage of having a sizeable ink printing market, thus providing the maximum contribution in the global market. The region across Asia-Pacific, on the other hand, would portray the fastest CAGR of 6.5% by 2027, owing to growing industrialization and increasing per capita income of people across the province.

Key players in the industry-

QCR Solutions Corp
SMAROL INDUSTRY CO. LTD.
Matsui Color
Devine Chemicals Ltd.
New Color Chemical Limited
OliKrom
LCR Hallcrest
Hali Industrial co., Ltd.
KOLORTEK
CTI and Flint Group

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Specialty Chemicals Market Trends, Share, Research Report Study, Regional and Industry Analysis, Forecast to 2027

According to the report published by Allied Market Research, the global specialty chemicals market generated $711.0 billion in 2019, and is estimated to reach $953.9 billion by 2027, registering a CAGR of 5.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario.

Growth in awareness among end-users regarding the benefits of agrochemicals, conservation of genetic material of endangered plant species, and rise in R&D activities drive the growth of the global specialty chemicals market. However, fluctuating cost of raw materials and stringent regulations governing the market hinder the market growth. On the other hand, increase in demand for specialty chemicals from emerging economies and continuous development and production of novel eco-friendly specialty chemicals create new opportunities in the coming years.

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Covid-19 scenario:

The production of agrochemicals, oil field chemicals, and pharmaceutical ingredients has been continued during the months of coronavirus pandemic.
The specialty chemicals industry has been facing the problems such as immobilized supply chain and shortage of logistics & workers during the global lockdown.
On the other hand, the demand for specialty chemicals from healthcare sector has been increased across the globe.

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The report offers a detailed segmentation of the global specialty chemicals market based on type and region.

Based on type, the pharmaceutical ingredients segment contributed to the largest share in 2019, accounting for nearly one-fifth of the total share, and is estimated to maintain its dominant position during the forecast period. However, the oil field chemicals segment is expected to register the highest CAGR of 5.7% from 2020 to 2027.

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Based on region, Asia-Pacific contributed the highest share, accounting for more than one-third of the total market share in 2019, and will maintain its dominance throughout the forecast period. In addition, the same region is expected to grow at the highest CAGR of 5.9% from 2020 to 2027. However, North America is expected to grow at the CAGR of 4.5% during the forecast period.

Leading market players analyzed in the research include Albemarle Corporation, Ashland LLC., BASF SE, Bayer AG, Clariant AG, Dow, Inc., Evonik Industries AG, Huntsman International LLC, Lanxess AG, Nouryon, Solvay SA, and Sumitomo Chemical Company.

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UV curable resin Market to Generate $9,769.7 Million By 2026 | Major Companies, Strategies and New Trends

Allied Market Research published a report, titled, “UV Curable Resin Market by Resin Type (Acrylated Epoxies, Acrylated Polyesters, Acrylated Urethanes, Acrylated Silicones, and Others) and Application (Coating, Packaging, Printing, Adhesives & Sealants, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026.” According to the report, the global UV curable resin industry garnered $4.74 billion in 2018 and is expected to reach $9.76 billion by 2026, registering a CAGR of 9.4% from 2019 to 2026.

Surge in demand for environment-friendly paint & coating along with architectural coatings drives the growth of the global UV curable resin market. However, variations in raw material prices and limited depth of light penetration hinder the market growth. On the other hand, strict regulations regarding green initiatives open new opportunities in the market.

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Acrylated epoxies to maintain its dominant share throughout the forecast period

Based on resin type, the acrylated epoxies segment held the highest market share in the global

UV curable resin market, contributing to more than one-third of the total share in terms of revenue in 2018, and is estimated to maintain its dominant share throughout the forecast period. This is attributed to high cure rates and excellent adhesion performance due to the presence of polar hydroxyl and ether groups in the epoxy backbone structure. On the other hand, the acrylated urethanes segment is expected to grow at the highest rate with a CAGR of 10.3% from 2019 to 2026, owing to remarkable all-around performance characteristics on various substrates, excellent film hardness, elasticity and cure speed, and superior durability and flexibility.

Coating segment to continue its lead during the forecast period

Based on application, the coating segment accounted for nearly one-third of the total share of the global UV curable resin market in 2018, and is expected to continue its lead position during the forecast period. This is due to demand for zero VOC content in coating and surge in usage in dispersants & wetting, driers, defoamers, powder coating additives, dearators, and flow & leveling. However, the printing segment is expected to register the highest CAGR of 11.0% from 2019 to 2026, owing to rise in usage of novel printing technologies such as inkjet for gaining technical advantages.

Asia-Pacific to be lucrative, North America second-highest

Based on region, Asia-Pacific held more than one-third of the total market share of the global UV curable resin market in 2018, followed by North America contributing to less than one-third of the share. Asia-Pacific region is estimated to maintain its dominance in terms of revenue by 2026. Moreover, it is projected to register the highest growth rate with a CAGR of 10.6% from 2019 to 2026. This is attributed to rise of the paints and coating industry and increase in its usage in the automotive industry.

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Market players holding the largest pie:

Hitachi Chemical
DSM-AGI
BASF SE
Allnex Belgium S.A.
Jiangsu Litian Technology
IGM
Sartomer
Dymax
Miwon Specialty Chemical
Eternal Materials
Jiangsu Sanmu Group

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Cord Blood Banking Services Market In-Depth Analysis on Size, Cost Structure and Prominent Key Players – 2030

The rise in awareness related to the benefits of using cord blood stem cells for the treatment of chronic diseases, such as cancer, has led to an increase in the government initiative leading to an increase in number of cord blood banks, which is expected to fuel the market growth of cord blood banking services.

According to the report published by Allied Market Research, Cord Blood Banking Services Market by Storage Services (Public Cord Blood Banks and Private Cord Blood Banks) – Global Opportunity Analysis and Industry Forecast, 2022-2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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Onkar Sumant, a Manager, Healthcare at Allied Market Research, stated, The rise in awareness related to the benefits of using cord blood stem cells for the treatment of chronic diseases, such as cancer, has led to an increase in the government initiative leading to an increase in number of cord blood banks, which is expected to fuel the market growth of cord blood banking services.

The private cord blood banks are privately owned banks where the parents can store the cord blood of newborn for future use such as for treatment of certain chronic disease. In private banks, charges are incurred for the collection, processing, and storage of cord blood. Thus, the public cord blood banks possess competitive advantages in developed regions such as North America and Europe.

High cost associated with the processing, difficulty in finding a match in the donor list of public cord blood banks, and legal & ethical issues related to collection of cord blood are expected to hamper this growth. Conversely, advancement in the stem cell therapeutics and presence of untapped potential in the developing and developed regions are expected to provide various opportunities to the cord blood banking services.

𝗚𝗲𝘁 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗖𝗢𝗩𝗜𝗗-𝟭𝟵 𝗶𝗺𝗽𝗮𝗰𝘁 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀@ 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗙𝗼𝗿 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻: https://www.alliedmarketresearch.com/request-for-customization/111

Key market players–

China Cord Blood Corporation
Cord Blood America, Inc.
CBR Systems, Inc.
Cordlife Group Limited
Cryo-Cell International, Inc.
Cryo-Save AG
Lifeforce Cryobanks
National Cord Blood Program
ViaCord, Inc.
Virgin Health Bank
CordVida
Americord
CryoHoldco
Vita34.

Based on region, North America accounted for maximum contribution to the total revenue generated, owing to the market maturity, high awareness among the expectant parents, presence of high disposable income, and high adoption rate of cord blood storage services. However, Asia-Pacific is expected to witness the highest growth during the analysis period, attributable to rise in awareness related to the benefits of storing cord blood, increase in focus of key players to expand their services, and rise in disposable income.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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Protein Therapeutics Market Opportunity Analysis and Industry Forecast, 2030 | Size, Share and Growth

Therapeutic proteins are an important class of drugs, which serve patients in need of novel therapies. Approved recombinant protein therapeutics are developed to treat a wide array of clinical indications, including cancers, genetic disorders, infectious diseases, and metabolic disorders.

The major factors that drive the growth of the global protein therapeutics market include introduction & application of new plasma-derived therapies, surge in prevalence of chronic & life-threatening diseases, and rise in awareness among populace regarding the high efficiency of protein therapeutics. However, high cost of protein therapies and complex reimbursement scenario impede the market growth. Conversely, increase in novel indications for known protein therapeutics and untapped emerging markets are anticipated to provide lucrative opportunities for the manufacturers in this industry.

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Onkar Sumant, a Manager, Healthcare at Allied Market Research, stated, “growth of the global protein therapeutics market is attributed to increase in prevalence of chronic diseases, surge in development of protein-based therapies, and various strategies adopted by key players of the market. Moreover, increase in healthcare expenditure and approval of new products are expected to further drive the market growth during the forecast period.”

Key Findings of the Study

By product, the monoclonal antibodies segment was the highest contributor to the protein therapeutics market in 2020.
On the basis of application, the metabolic disorders segment was the highest contributor to the protein therapeutics market in 2020.
Region wise, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

𝗚𝗲𝘁 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗖𝗢𝗩𝗜𝗗-𝟭𝟵 𝗶𝗺𝗽𝗮𝗰𝘁 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀@ 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗙𝗼𝗿 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻: https://www.alliedmarketresearch.com/request-for-customization/60

North America accounted for a majority of the global protein therapeutics market share in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to increase in prevalence of chronic diseases, adoption of technologically advanced treatments, presence of key players, and rise in healthcare expenditure in the region. However, Asia-Pacific is anticipated to witness notable growth, owing to increase in R & D activities, increase in disposable income, and improvement in patient awareness toward protein therapeutics.

The report provides extensive competitive analysis and profiles of key market players, such as Abbott Laboratories, Amgen Inc., Baxter International Inc., Eli Lilly and Company, F. Hoffmann-La Roche Ltd., Johnson & Johnson, Merck & Co., Inc., Novo Nordisk A/S, Pfizer Inc., and Sanofi. Other players (profiles not included in the report) in the value chain analysis include, Biogen, Inc., CSL Behring, and Genentech, Inc.

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Conductive Polymer Market – Key Futuristic Trends and Opportunities 2026

The global conductive polymer industry was pegged at $3.9 billion in 2018, and is projected to reach $7.4 billion by 2026, registering a CAGR of 8.1% from 2019 to 2026.

Major driving factors
Surge in demand for electronic products and increase in usage of conducting polymers in solar cell manufacturing have boosted the growth of the global conductive polymer market. However, high cost of production hampers the market growth. On the contrary, surge in electric mobility is expected to create lucrative opportunities in the near future.

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The polyaniline (PANI) segment dominated the market
The PANI segment held the largest share in 2018, accounting for nearly one-fourth of the market, owing to its properties such as high conductivity, electroactivity, and redox activity along with magnetic, optical, and electronic properties. However, the PEDOT segment is expected to register the highest CAGR of 10.6% during the forecast period, due to increase in demand for solar equipment across the globe to produce electricity and reduce pollution and dependency on conventional fuel.

The polymer capacitor segment to portray fastest CAGR through 2026
The polymer capacitor segment is projected to manifest the highest CAGR of 9.3% during the forecast period, owing to increase in usage of electric vehicle across the globe, need to curb carbon footprint, usage of internal combustion engine, and to reduce dependency on conventional fuels, the demand for polymer capacitors. The anti-static packaging & coating segment held the largest share in 2018, contributing to nearly one-fourth of the market, due to rise in demand for portable electronic devices and increased demand for conductive polymer in antistatic packaging application.

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North America held the lion’s share
The market across North America held the largest share in 2018, accounting for nearly one-third of the market, owing to the strong presence of electronics & semiconductor industry and availability of the latest technology and R&D facilities present in the region. However, the market across Europe is anticipated to portray the highest CAGR of 8.8% during the forecast period, due to increase in trend of using electric vehicles across the European Union to reduce usage of internal combustion automobiles to curb pollution and reduce dependency on fossil fuels.

Major market players

SABIC
Celanese Corporation
Agfa Gevaert
Heraeus Group
Merck KGAA
Kemet Corporation
Solvay
American Dyes Inc.
Abtech Scientific
Rieke Metals

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Epoxy Resin Market Leading Global Companies and Regional Average Pricing Analysis by 2027

Allied Market Research published a report, titled, “Epoxy Resin Market by Type (Diglycidyl Ether Bisphenol A (DGBEA), Diglycidyl Ether Bisphenol F (DGBEF), Novolac, Aliphatic, Glycidylamine, and Others), Physical Form (Solid, Liquid, and Solution), Application (Paints & Coatings, Adhesives, Composites, Electronic Encapsulation, and Others), and EndUser (Building & Construction, Transportation, General Industrial, Consumer Goods, Wind Power, Aerospace, Marine, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.” According to the report, the global epoxy resin industry generated $5.9 billion in 2019, and is estimated to generate $10.3 billion by 2027, witnessing a CAGR of 7.0% from 2020 to 2027.

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Drivers, restraints, and opportunities:

Rise in demand for lightweight composites, surge in R&D activities, and development of end-use industries drive the growth of the global epoxy resin market. However, variations in prices of raw materials hinder the market growth. On the other hand, emergence of bio-based epoxy resin creates new opportunities in the coming years.

Covid-19 Scenario:

Manufacturing and R&D activities have been stopped due to the global lockdown. Moreover, supply chain disruptions have also been taken place.
The demand has been decreased significantly as application industries such as paints & coatings, composites, adhesives, and electronics have halted their operations during the lockdown.

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The solution segment to maintain its lead position during the forecast period:

Based on physical forms, the solution segment accounted for the highest market share in 2019, holding around two-fifths of the global epoxy resin market, and is estimated to maintain its lead position during the forecast period. This is due to utilization in electrical & electronic applications. However, the solid segment is estimated to witness the fastest CAGR of 7.7% from 2020 to 2027, owing to increase in usage in performance laminates, aerospace composites, molding compounds, and tooling systems.

The paints & coatings segment to maintain its dominance throughout the forecast period:

Based on application, the paints & coatings segment accounted for the largest market share with nearly one-third of the global epoxy resin market in 2019, and is expected to maintain its dominance throughout the forecast period. This is attributed to increase in demand for paints & coatings in different end-use industries. However, the adhesives & sealants segment is expected to maintain the highest CAGR of 10.9% from 2020 to 2027. This is due to increase in demand in automotive, construction, wind blades, electronic, and manufacturing sectors.

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LAMEA, followed by North America, to grow the fastest:

Based on region, LAMEA, followed by North America, is expected to witness the highest CAGR of 7.5% from 2020 to 2027, owing to surge in demand for epoxy resin-based composites from aerospace and wind power industries. However, Asia Pacific accounted for the highest market share in terms of revenue, accounting for nearly three-fifths of the total share of the global epoxy resin market in 2019, and is expected to maintain its leadership status throughout the forecast period. This is attributed to industrialization and increase in demand from end-use industries including automotive, consumer goods, building & construction, and aerospace.

Leading market players

BASF SE
Dow Chemical Company
Atul Ltd.
Huntsman Corporation
Hexion Inc.
Nan Ya Plastics Corporation
Kukdo Chemicals Co. Ltd.
Solvay SA
Olin Corporation
Techstorm Advanced Materials

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