The Latin America, Middle East and Africa Epoxy Resin Market would witness market growth of 7.8% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 206.87 kilo tonnes, showcasing a growth of 8.4% (2023-2030).
In the epoxy resin market, adhesives and sealants stand out as a crucial application segment, leveraging the unique properties of epoxy resins to deliver strong, durable bonds and effective sealing solutions across various industries. Epoxy-based adhesives are valued for their exceptional bonding strength, chemical resistance, and versatility, making them suitable for bonding a wide range of substrates, including metals, plastics, ceramics, and composites. Therefore, the Brazil market would utilize 9.13 kilo tonnes of epoxy resin in adhesives and sealants segment by 2030.
The Brazil market dominated the LAMEA Epoxy Resin Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $343.7 million by 2030. The Argentina market is showcasing a CAGR of 9% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8% during (2023 - 2030).
It is widely used as an encapsulant and insulating material for electronic components, circuit boards, transformers, and electrical devices. Epoxy encapsulation protects sensitive electronic components from moisture, thermal shock, mechanical stress, and environmental contaminants, ensuring reliability and longevity in various applications. Epoxy adhesives and potting compounds are employed in electronic assembly and packaging for bonding, sealing, and encapsulating components. Epoxy adhesives provide strong, durable bonds for surface mounting, component attachment, and wire bonding while potting compounds protect electronic assemblies from vibration, shock, and moisture ingress. It is used in composite shipbuilding for hulls, decks, bulkheads, and other structural components.
Epoxy-based composites offer superior strength, corrosion resistance, and fatigue performance compared to traditional materials like steel and aluminium, making them ideal for marine applications where lightweight, durable structures are essential. Epoxy coatings are applied to marine vessels, offshore platforms, pipelines, and structures for corrosion protection in harsh marine environments. Epoxy coatings provide excellent adhesion, chemical resistance, and barrier properties, preventing corrosion and extending the service life of marine assets.
Brazil has vast solar energy potential, and the country is increasingly investing in solar power generation projects to diversify its energy sources and lower dependence on fossil fuels. According to data issued in 2023 by the ITA, the renewable energy sector accounts for 83% of the Brazilian electricity matrix. Privat investment has facilitated the renewable energy sector’s consistent growth. It is anticipated that by 2029, investments in the Brazilian electricity sector, which includes utility-scale generation, distributed generation, transmission, and distribution projects, will exceed $100 billion. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.
Free Valuable Insights: The Worldwide Epoxy Resin Market is Projected to reach USD 15.9 Billion by 2030, at a CAGR of 6.3%
Based on Form, the market is segmented into Liquid, and Solid. Based on Application, the market is segmented into Paints & Coatings, Adhesives & Sealants, Composites, Electronic Encapsulation, and Others. Based on Type, the market is segmented into DGBEA (Bisphenol A & ECH), DGBEF (Bisphenol F & ECH), Novolac (Formaldehyde & Phenols), Aliphatic (Aliphatic Alcohols), Glycidylamine (Aromatic Amines & ECH), and Others. Based on End-use, the market is segmented into Building & Construction, Transportation, General Industrial, Consumer Goods, Wind Energy, Aerospace, Marine & Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Form (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By End-use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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