The North America epoxy resins market is predicted to rise with a CAGR of 5.99% over the forecasting period of 2022 to 2030, reaching a revenue share of $1978.72 million by 2030.

The market growth of the region is associated with key factors like the developing automotive and construction industry, the increasing demand for epoxy resins from various end-user applications, including adhesives, electrical & electronics, and wind turbines, and the rise in technological dominance. However, the North America epoxy resins market may be hindered due to strict rules and regulations owing to the adverse impact on health.

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The North America epoxy resins market growth assessment covers the evaluation of the United States and Canada. Economic recovery, in addition to government investments in infrastructure construction, manufacturing, affordable housing, healthcare, and educational facilities, are among the key drivers set to propel the market growth in the United States.

The government is primarily focusing on infrastructure development. In this regard, it proposes to spend $1 trillion in order to rebuild the country’s bridges, airports, roads, tunnels, and other infrastructure by 2027. Furthermore, as per the United States Census Bureau, the overall expenditure in the nation rose to $14.2 trillion in 2016 from $13.3 trillion in 2015, indicating an increase of 6.7%.

On the other hand, Canada is anticipated to be the fastest-growing country across the North America epoxy resins market. The country’s market growth is fuelled by factors like the increasing demand for epoxy resins from numerous applications, including constructions, adhesives, paint and coatings, and wind turbines. Furthermore, the swift technological applications, in addition to the demand for improved efficiency, augment the usage of epoxy resins in adhesives. As a result, the aforementioned aspects are set to influence the North America epoxy resins market growth over the estimated years.

The North America epoxy resins market is segmented into component, raw material, and application. The raw material category is further classified into DGBEA (bisphenol A & ECH), novolac (formaldehyde & phenols), aliphatic (aliphatic alcohols), DGBEF (bisphenol F & ECH), and other raw materials. Bisphenol A diglycidyl ether, also termed DGBEA, is a low molecular epoxy resin. As the most commonly used epoxy resin, its numerous applications are based on the reaction of ECH and BPA.

Conversely, aliphatic epoxy resins are characterized by properties such as high-temperature resistance, moisture resistance, superior electrical insulation, and improved UV resistance. They are widely used across weather-resistant solvent-based coatings for outdoor applications, including potting, filament winding, as well as vacuum pressure impregnation.

Some of the top companies operating in the North America epoxy resins market are 3M Company, DuPont, Huntsman Corporation, etc.

DuPont, headquartered in the United States, is engaged in the manufacturing of several products, including building materials, petroleum-based fuels & lubricants, industrial chemicals, synthetic fiber, and pharmaceuticals. The company’s operating segments entail transportation & industrial, safety & construction, noncore, electronics & imaging, and nutrition & biosciences.

The company’s product Pyralux® HXC is a DuPont™ Kapton® MBC black polyimide film coated with epoxy. It is ideal for products that require a uniform matte black appearance.

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