Epoxy Type Stabilizer Market Analysis 2023-2033
Research Nester published a report titled “Epoxy Type Stabilizer Market”: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global epoxy type stabilizer market in terms of market segmentation by product type, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global epoxy type stabilizer market is anticipated to grow with a CAGR of ~4% during the forecast period, i.e., 2023-2033. The market is segmented by application into adhesives & sealants, paints & coatings, and composites. Out of these, the paints & coatings segment is anticipated to garner the largest revenue by the end of 2031, owing to the increasing building & construction industry worldwide.
The utilization of coatings and adhesives in a wide range of applications owing to their versatility, including wood, concrete, PVC, metals, and glass, and along with these, their ability to improve material strength, thermal stability, and corrosion resistance are some of the major growth factors anticipated to drive the growth of the global epoxy type stabilizer market during the forecast period.
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Geographically, the global epoxy type stabilizer market is segmented into five regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America is projected to garner the largest share by the end of 2031. Rising demand for these chemicals from end-use industries such as building & construction, automotive & transportation, consumer goods, and others, followed by the growing industrialization in the region are some of the major factors anticipated to drive the growth of the market in North America.
Growing Use of Epoxy Resin in Various Applications to Drive the Market Growth
The increasing usage of epoxy resin in various applications, such as adhesives, coatings, construction, and others, is expected to drive the market growth. Owing to its increasing use in the construction industry, approximately 123 billion pounds’ of resin were produced in the United States in 2020.
On the other hand, epoxy resin can be used as an adhesive in the process of wood stabilization. This rising use of epoxy resin adhesives for making furniture is expected to boost the market growth. For instance, according to the data published in ITC Trade Map the global value of the export of wooden furniture for offices (excluding seats) was USD 4,137,415 Thousand in 2021.
However, high prices of epoxy type stabilizers and availability of low cost alternatives, are expected to operate as restraints to the growth of the global epoxy type stabilizer market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global epoxy type stabilizer market which includes company profiling of BASF SE, Evonik Industries AG, Clariant AG, Solvay S.A., ADEKA Corporation, Songwon Industrial Co., Ltd., Akzo Nobel N.V., Kyowa Chemical Industry Co., Ltd., Huntsman International LLC, Albemarle Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global epoxy type stabilizer market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
