Epoxy is either any of the basic components or the cured end products of epoxy resins, as well as a colloquial name for the epoxide functional group.[1] Epoxy resins, also known as polyepoxides, are a class of reactive prepolymers and polymers which contain epoxide groups. Epoxy resins may be reacted (cross-linked) either with themselves through catalytic photopolymerization, or with a wide range of co-reactants including polyfunctional amines, acids (and acid anhydrides), phenols, alcohols and thiols (usually called mercaptans). These co-reactants are often referred to as hardeners or curatives, and the cross-linking reaction is commonly referred to as curing. Reaction of polyepoxides with themselves or with polyfunctional hardeners forms a thermosetting polymer, often with favorable mechanical properties and high thermal and chemical resistance. Epoxy has a wide range of applications, including metal coatings, use in electronics/electrical components/LEDs, high tension electrical insulators, paint brush manufacturing, fiber-reinforced plastic materials and structural adhesives.
Market trend Snapshot
Global Epoxy Resin market was valued at XXXX million USD in 2019 and is projected to reach XXXX million USD by 2026, growing at a CAGR of XXXX%. This report provides comprehensive and in-depth analysis and prediction of the Epoxy Resin industry. The immense growth benefits from favorable properties such as high thermal stability, mechanical strength, moisture resistivity, adhesion, electrical, and heat resistance. Furthermore, increasing R&D investments and technology advancement are some of the other important factors that help the Epoxy Resin market to gain size. The Epoxy Resin market growth is projected to negatively affected by fluctuating raw material cost and high prices of epoxy.
From Base year 2018 to forecast year 2026
Get FREE Sample of Epoxy Resin Market Report at:
Key Market Players Profile
Key market players covered in the report are Hexion Inc., Aditya Birla Chemicals, BASF SE, Kukdo Chemical Co. Ltd., Olin Corporation, 3M Company, Nan Ya Plastics Corporation, Chang Chun Plastics Co. Ltd., Huntsman Corporation, and Sinopec Corporation. The market share, revenue, company profile, and SWOT analysis of these enterprises are covered in the report. Production and consumption are estimated to continue developing with a stable growth rate. To meet the surging demand, more new entrants are expected.
Asia Pacific holds the largest market share
Major countries of North America, Europe, Asia Pacific, and the rest of the world are all exhaustive analyzed in the report. Apart from this, policy tuning, social dynamics, fashion trends, and economic development in these countries are all taken into consideration.
The Asia Pacific dominated the Epoxy Resin market and expected to maintain dominance during the forecast period. This is mainly attributed to rapid infrastructure development, increasing automotive demand, growing demand for paints & coatings.
Kukdo Chemicals, Nan Ya Plastic Corporation, Chang Chun Chemicals, and Jiangsu Sanmu Group are the major players operating in the Asia-Pacific epoxy resin market.
North America projected to witness a rapid growth during the forecast period owing to the increasing demand for automotive use of wind turbines for power generation on account of increasing concern toward conventional energy sources depletion.
The European market is also anticipated to be stimulated by factors such as increasing demand for Epoxy Resin from various end-use applications.
Epoxy Resin Type and Application Sketch
By type
Liquid segment accounted for the largest Epoxy Resin market share owing to the wide range of applications.
By application
Paints & Coatings segment is the leading segment in Epoxy Resin market due to the growing construction and automotive industries on account of the increasing disposable income and change lifestyle. It is extensively used in paints & coatings as it dries quickly and provides protective, tough coating with excellent hardness.
Get FREE Sample of Epoxy Resin Market Report at:
Epoxy Resin Report provides
Target Audience:
Get FREE Sample of Epoxy Resin Market Report at:
Contact
We provide more professional and intelligent market reports to complement your business decisions.
Chinese