The Epoxide Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Epoxide Global Market Report 2024, The epoxide market size has grown strongly in recent years. It will grow from $70.08 billion in 2023 to $74.3 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to industrial applications, material science advancements, construction and infrastructure growth, automotive sector expansion, consumer electronics boom.
The epoxide market size is expected to see strong growth in the next few years. It will grow to $95.21 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to electric vehicles (EVs) surge, biocompatible materials, infrastructure resilience, advanced electronics manufacturing, circular economy initiatives. Major trends in the forecast period include renewable energy technologies, biobased epoxides, high-performance applications, technological advancements, collaborations and partnerships.
The rise in the demand for soap and soap products is expected to propel the growth of the epoxide market going forward. Soap refers to a salt of fatty acid that is used in a variety of cleansing and lubricating products. Soap products such as detergents, gels, and others are used for washing and cleaning. Ethylene epoxide is used as a base material in the manufacturing of soaps. This helps to increase the potential hydrogen (PH) levels in soap. For instance, according to data published by The Observatory of Economic Complexity (OEC), a Brazil-based data visualization website, In 2021, global trade data revealed a $2.3 billion market for Soaps for purposes other than toilet soap, solid, with China leading as the top exporter at $603 million and the United States as the leading importer at $322 million. Despite a -12.2% export growth between 2020 and 2021, Soaps for purposes other than toilet soap, solid maintained a 0.011% share of world trade, showcasing ongoing international demand for these products. Therefore, the rise in demand for soap and soap products is driving the growth of the epoxide market.
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The epoxide market covered in this report is segmented –
1) By Type: Ethylene Oxide, Propylene Oxide
2) By Component: Epoxies, Hardeners
3) By Application: Coated Fabric, Wire and Cable, Flooring and Wall Coverings, Film and Sheet, Medical Devices, Consumer Goods, Other Applications
Major companies operating in the epoxide market are focusing on product launches, such as a thermally conductive epoxy product line, to meet the evolving needs of various industries. A thermally conductive epoxy product line consists of materials designed to efficiently transfer heat while maintaining the bonding and sealing characteristics of traditional epoxy formulations. For instance, in September 2023, G6 Materials, a US-based company that develops advanced materials and composites for industrial uses, launched G6 Materials’ new thermally conductive epoxy product line. This launch of G6E-TSHV and G6E-TSAL with high thermal conductivity, non-electrically conductive properties, and a low viscosity option addresses diverse industry needs. This innovative product line enhances epoxy options for applications requiring efficient heat transfer, electrical insulation, easy flow, and wetting characteristics, contributing to the expansion and advancement of the epoxide market.
The epoxide market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Major Players:
- Exxon Mobil Corporation
- BASF SE
- Badische Anilin- und SodaFabrik
- Dow Inc.
- Huntsman International LLC
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