The epoxide resins market in Bulgaria has shown fluctuations in growth over the past decade, reaching 1256.4 thousand kilograms in 2023. It experienced significant growth in 2014 and 2016, followed by periods of decline and modest increases. The last two years reported modest annual growth rates of around 2.46% in 2022 and 2.38% in 2023. The 5-year CAGR from 2018 to 2023 stood at 2.83%, indicating a moderate growth trend.
Future trends to watch for include:
- Technological advancements potentially increasing application areas for epoxide resins.
- Sustainability and eco-friendly materials driving demand for alternative resin solutions.
- Economic factors influencing industrial demand for epoxides in construction and automotive sectors.
