The Property and Casualty Insurance Market in Greece is Segmented by Insurance Type (Home, Motor, and Other Insurance Types) and Distribution Channel (Direct, Agency, Bank, and Other Distribution Channels). The Report Offers Market Size and Forecasts for the Greece Property and Casualty Insurance Market in Value (USD) for all the Above Segments.

In 2024, after three years of growth, there was significant decline in the Greek camping trailer market, when its value decreased by -27.7% to $2.4M. Over the period under review, consumption, however, showed a prominent expansion. As a result, consumption reached the peak level of $12M. From 2020 to 2024, the growth of the market remained at a lower figure.

As per Cognitive Market Research's latest published report, the Global Epoxy Resins market size will be $18,413.24 Million by 2029. Epoxy Resins Industry's Compound Annual Growth Rate will be 6.57% from 2023 to 2030. What are the key driving factors for the Epoxy Resins market?

Mounting Construction industry

The shelter is one of the three necessities of life. A person always seeks shelter at the end of the day and hence every individual has a desire for their own dream house. Construction industries have marked their position as one of the largest industries across the world. The U.S construction spending was worth $1,704.4 billion in Feb 2022 which shows 11.2 % of growth over the previous year.

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development have released the new residential construction statistics for March 2022 which showcase 1,873,000-Building Permits, 1,793,000-Housing Starts, and 1,303,000-Housing Completions. The building permit is 6.7 % above the statistics recorded in March 2021. Compared to the year 2020, 2% of growth in residential construction is observed in 2021 spite the coronavirus pandemic. The non-residential construction shows a growth of 6.2% from Feb 2021 to 2022.

Similarly, Europe has also projected strong growth potential in several Member States. For instance, in France, construction activity increased by 10.5% in volume, after a decrease of 14.4% the previous year. Construction-related investments increased overall by 5.2% in 2021 to reach €1.6 trillion, or 11.1% of EU GDP and were expected to see a strong comeback in the industry. The biggest rise in investment was seen in Italy (+16.4%), followed by Estonia (+10.7%), Greece (+10.6%), and France (+10.5%). About one-fifth of all construction spending goes toward new home construction. It was one of the biggest contributors to the overall growth in building investment in 2021, increasing by 7.2%.

Several factors such as rising population, economic condition, disposable income, easily accessible home loans, rising trend of the nuclear family, urbanization, etc. play a vital role in the growth of residential construction. Owing to this, significant growth in the construction industry was also reported in emerging countries like India and China.

Similarly, the commercial infrastructure (including hospitals, shopping malls, museums, corporate offices, museums, educational institutes, hotels, etc.) has reported a significant growth in the past few years and is expected to witness significant growth in the forecasted period. According to FIEC - European Construction Industry Federation, investment in non-residential construction, (such as the building of offices, hospitals, hotels, schools, and industrial buildings) was increased by 2.6% in 2021.

Epoxy resin possesses specialized properties/characteristics such as strong adhesion, toughness, resistance to chemicals and heat, durability, etc., and also can stick to metal, wood, glass, stone, and some plastics. Thus, epoxy resin is been employed for a wide array of applications in the building and construction sectors in the form of paints, coatings, adhesives, primers, plastics, sealers, flooring, etc.

Further, epoxy resin is also used for decorative purposes including decorative flooring (chip flooring, terrazzo flooring, coloured aggregate flooring, epoxy metallic flooring, etc.), wooden furniture, and for creating attractive modern countertops, tables, table tops, and surfaces, etc. for commercial and residential purposes. With the rising disposable income, an increasing craze for decorative, fancy, elegant, and attractive residential and commercial properties is observed over a period of time.

Thus, the mounting construction industry is driving the growth of the epoxy resin market.

Growing consumer goods market

Consumer electronics have become a fundamental part of human life. People across the globe directly or indirectly depend on these electronic devices as it saves time and energy for people. The increasing disposable income, the desire for an easy and smooth life, and the desire to remain upgraded with modern technologies are a few of the prime factors driving the growth of consumer electronics. Moreover, the upgrading technologies, availability of products on e-commerce platforms, and suitable payment options are also further enhancing the growth of the consumer’s electro...