- In December 2023, Grasim Industries Limited's chemical division commissioned an additional 123,000 tons of advanced materials, including epoxy resins and formulations, at its facility in Vilayat, Gujarat. This expansion aims to meet the growing demand in automotive, construction, and electronics sectors.
- In April 2024, the Indian government allocated approximately $9.05 million (INR 760 million) to support electronic manufacturing and introduced new incentive schemes to stimulate growth in the epoxy composite panels industry. This investment is expected to bolster domestic production and reduce dependency on imports.
- In January 2021, Sika AG acquired Kreps LLC, a leading manufacturer of reinforcing fiber composite systems based in the U.S. This acquisition is expected to strengthen Sika's position in the epoxy composite market and provide a wider range of solutions to its customers.
- In October 2023, Solvay launched SolvaLite, a new grade of epoxy resin designed for superior flame retardancy in battery enclosures. This innovation aims to enhance the safety and performance of electric vehicles and other electronic applications.
- In October 2023, Gurit signed supply agreements for core material kits with two wind turbine OEMs. The first agreement is for a four-year term and covers supply to one customer, while the second agreement is for three years, covering another customer. This move underscores the growing demand for epoxy composites in renewable energy applications.
