According to the report published by Allied Market Research, the global HBPA epoxy resins market generated $1.9 billion in 2020, and is anticipated to reach $3.1 billion by 2030, manifesting a CAGR of 5.4% from 2021 to 2030. In-depth information about key drivers, restraints, opportunities, current trends, and their impact on the market is offered in the report. 

Rise in global warming and increase in the need to meet future energy demands led to the expansion of solar and wind power plant facilities. The HBPA epoxy resin, in liquid form, is widely used in wind power applications. Factors propelling the growth of the global HBPA epoxy resins market include the presence of electrical automobile manufacturers and rapid growth in automobile technology. 

However, the volatility of raw material prices can hinder market growth. On the other hand, HBPA epoxy resins are used in several industries including the electrical industry, automotive, and construction. The fast-developing construction activities, progress in renewable energy sources, and developments in the automotive industry across the globe, particularly in emerging countries, will create abundant growth opportunities for the HBPA epoxy resins market.