The global epoxy resin market size was estimated at USD 10.86 billion in 2023 and is expected to hit around USD 19.39 billion by 2033 and expanding growth at a compound annual growth rate (CAGR) of 5.9% during the forecast period 2024 to 2033.

The global construction equipment market size was valued at USD 200.29 billion in 2023 and is projected to hit around USD 368.97 billion by 2033 with a CAGR of 6.3% from 2024 to 2033.

Epoxy Resin Market in the Asia Pacific 2024 to 2033

The Asia Pacific epoxy resin market size was valued at USD 6.44 billion in 2023 and is anticipated to reach around USD 11.97 billion by 2033, poised to grow at a CAGR of 6.3% from 2024 to 2033.

Asia Pacific Construction Equipment Market Size and Growth 2024 to 2033

The Asia Pacific construction equipment market size was estimated at USD 88.86 billion in 2023 and is predicted to be worth around USD 184.49 billion by 2033, at a CAGR of 7.6% from 2024 to 2033.

• Asia Pacific region has made up 59.33% revenue share in 2023.
• By application, the paints and coatings application segment hit 41.25% revenue share in 2023. However, the electrical & electronics segment is growing at a remarkable CAGR from 2024 to 2033.
• By application, the adhesives & sealants epoxy resin segment is growing at a CAGR of 6.7% from 2024 to 2033.
• By raw material, the DGBEA (Bisphenol A and ECH) segment has held the largest market share of 35.97% in 2023.
• By technology, the solvent cut epoxy segment captured the biggest revenue share of 29.81% in 2023.
• By sales channel, the direct company sale segment is estimated to hold the highest market share of 32.31% in 2023.
• By end use, the consumer goods (including sporting equipment) segment generated over 46.74% of revenue share in 2023.

Growth Factors:

New growth opportunities for the aerial imaging market are anticipated to come from expanding application areas. The technology provides an effective answer for many different tasks, such as route design, planning, volume calculations, map updates, and so forth. Aerial imagery is used for many different things, including development and construction, geospatial technology, disaster management, research and conservation, etc. Growing technical developments in camera systems and aerial platforms are anticipated to fuel market expansion during the course of the estimate.

In addition, it is anticipated that greater consumer awareness of this technology's advantages will enhance demand. Over the forecast period, expanding location-based services are anticipated to fuel market growth in aerial imaging. Aerial imaging is the method of taking pictures of the ground using cameras mounted on airplanes, helicopters, parachutes, airplanes, kites, unmanned aerial vehicles, balloons, vehicle-mounted poles, and airships. Aerial photography has uses in risk reduction, mapping, resource planning, research and excavation, urban planning, security and surveillance, engineering, farming management, tourism, and other fields.

Due to its many uses, such as photogrammetric surveys, topographic map production, environmental research, surveillance, and other things, aerial imagery services have become more and more popular. In the upcoming years, the market expansion is anticipated to be fueled by expanded application areas across several verticals, including agriculture, forestry, energy & resources, and civil engineering.