Epoxy Resins Market Share, Size, Trends, Industry Analysis Report By Formulation Type (DGBEA, DGBEF, Novolac, Aliphatic, Glycidylamine, and, Others); By Application (Paints & Coatings, Adhesives, Composites, Electrical & Electronics, Wind Turbines, and Others); By Regions, Segments & Forecast, 2020 – 2026
The Global Epoxy Resins Market is estimated to grow at a CAGR of 5.85% during the forecast period 2020-2026. As per the analysis, the global epoxy resins market was valued $7,592.35 million in the year 2019.
GET FREE SAMPLE COPY @ https://www.reportocean.com/industry-verticals/sample-request?report_id=5097
An epoxy resin consists of one or more epoxy group per molecule and is thermosetting resins to use suitable cross-linking agents for higher reactivity. Epoxy resins dominate the market and is the largest raw material for many chemical formulations. Properties for Epoxy resins include mechanical strength, adhesion, high thermal stability, moisture resistivity and heat resistance making it best for use in applications like jewellery, insulators and laminates. Race cars, aerospace, marine and other high-performance applications use composite fibres produced with the help of epoxy resins
The Global Epoxy Resins Market is driven by various factors such as increase in demand for paints & coatings showing the similar increasing trend throughout the forecast period. High performance composites will not be able to penetrate the high volume and price sensitivity market due to high cost and labour-intensive production. In Europe and North American region demand for composites is increasing in aerospace and automotive industries leading to growth in the global epoxy resins market. Due to high dependency of paint and coating market on construction and automotive market which are furthermore dependent on the economic conditions of the economies, which means stable economic conditions will lead to predominantly high growth of the market. In Northern America and Western European region an increased spike in demand is associated to acceleration in spending capacity in constructions sector especially in residential construction.
Segmentation Overview of the Global Epoxy Resins Market
The Global Epoxy Resins Market is segmented on the basis of Application and Type. These segments are further categorized into various sub-segments to study the market in detail.
The Application Segment of the Global Epoxy Resins Market is Sub-Segmented into:
- Wind Turbine
- Paints & Coatings
- Electrical & Electronics
The Type Segment of the Global Epoxy Resins Market is Sub-Segmented into:
Geographical Overview of the Global Epoxy Resins Market
As per the geographical segmentation, the global epoxy resins market was analysed across North America (U.S., Canada); Europe (Germany, UK, France, Italy, Switzerland, Spain); Asia Pacific (China, India, Japan, Korea, Taiwan); Latin America (Brazil, Mexico); Middle East & Africa (Turkey). UK dominates the market in coating, painting and printing ink industry where 60% of the products were exported while 80% of ink and paint is imported from EU. Crude oil prices were affected in Middle East and Africa due to political unrest. Hence, the regional growth is dependent upon various driving factors and above mentioned factors are defining the regional growth at various levels during the forecast period.
Key Players Insights
AkzoNobel, Toray , Formosa Plastics, Aditya Birla Chemicals, BASF SE, Atul Ltd, Cytec Solvay Industries, Huntsman, Kikdo Chemicals, MPM Holdings, Sika AG, Olin Corporation, Nan Ya Plastics Corporation, Jubail Chemical Industries, Covestro AG, Sinopec, SIR INDUSTRIALE S.p.A, Jiangsu Sanmu Group, Arkema, Evonik Industries and 3M are some major key players included in the research study of the Global Epoxy Resins Market. New products are being launched as a result of new innovation to meet the increasing requirements of customers hereby promoting the market growth.
Buy this premium research [email protected] https://www.reportocean.com/industry-verticals/details?report_id=5097
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believe in providing the quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is “one-stop solution” for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Name: Pragya Niranjan
Email: [email protected]
Address: 500 N Michigan Ave, Suite 600, Chicago, IIIinois 60611 – UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)