The Europe epoxy resins market is estimated to register a CAGR of 6.16% over the forecasting years of 2022 to 2030, reaching a revenue share of $2666.58 million by 2030.

The regional market’s growth is accredited to factors such as the increasing reliance on various green resources, the growing usage of epoxy resins in the automobile as well as the electronics industry, and the rise in investments within the region’s wind energy sector. However, the economic downfall due to the serious impact of COVID-19 across multiple industries may restrain the Europe epoxy resins market growth.

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The Europe epoxy resins market growth assessment encompasses the evaluation of Poland, Germany, Belgium, Russia, the United Kingdom, France, Italy, and Rest of Europe. In addition to coatings and other applications, epoxy resins are widely utilized across infrastructures in wind turbines and the rail industry, as well as printed circuit boards (PCBs) in the United Kingdom. Although the country displayed stagnant development in terms of wind energy production, the region’s wind turbine manufacturers are recording huge exports. As a result, the demand for epoxy resins is significant in the United Kingdom. Furthermore, thermoset, a composite made of ceramics and metals joined by epoxy resins, is widely used in the country, as well.

On the other hand, owing to the presence of leading manufacturing companies like Mercedes-Benz, BMW, Audi, Volkswagen, and others, Germany is well-recognized for its substantial automotive industry across Europe. According to the Federal Republic of Germany’s economic development agency, the German Trade & Invest (GTAI), nearly 16.4 million vehicles were manufactured by 40 OEM automobile manufacturing sites in the year 2017. Germany has also adopted an aggressive approach concerning construction investment. In this regard, the European Central Bank transformed the mortgage loan process through the introduction of low interest rates. Hence, these factors are set to propel the Europe epoxy resins market growth over the estimated period.

The Europe epoxy resins market is segmented into component, raw material, and application. The component category is further segmented into epoxies and hardeners. Epoxies are among the most versatile and widely used compounds in the family of orthophthalic and polyester resins. Epichlorohydrin is chemically made to react with bisphenol A in order to form diglycidyl ethers of bisphenol A (DGEBA). As the simplest epoxy resin, it is colorless and transparent, with excellent adhesive properties as well as low viscosity. Moreover, phenolic novolac and bisphenol F are produced through the condensation of phenol with formaldehyde in an acid medium.

When used with epoxies, hardeners possess good compatibility with an excellent rapid cure even at reduced temperatures. They are recognized for their resistance to solvents, corrosion, water & brush, and inflammability. Hardeners may also be combined with epoxy in different ratios, primarily based on the intent of the application.

Some of the key companies operating in the Europe epoxy resins market are BASF, Cytec Solvay Group, Clariant AG, etc.

Clariant AG, headquartered in Switzerland, is an international specialty chemicals company. Its services and products are classified into four business areas, namely, care chemicals, natural resources, plastics & coatings, and catalysis & energy.

The company’s product, Exolit® RP 6500, is a brown-red paste characterized as a blend of microencapsulated, stabilized red phosphorus in an epoxy resin carrier.

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