Global Epoxy Resin Market: Growing Demand From the Electrical and Electronic Sector to Offer Growth Opportunities for Dow Chemicals, BASF, Nan Ya Plastics and Hexion
HYDERABAD, India, September 29, 2016 /PRNewswire/ --
Mordor Intelligence announces the publication of their research report on the epoxy resin market. The report titled, "Global Epoxy Resin Market - Segmented by Type (Raw Material), Application, and Geography - Trends and Forecasts," discusses the current landscape and outlook of the said market.
The global epoxy resin market was valued at USD 6,940.12 million in 2015, and is expected to reach USD XX million by 2021, at a CAGR of XX% during the forecast period 2016-2021. In terms of volume, the global epoxy resin market stood at 337.87 thousand tons in 2015 and is projected to reach XXX thousand tons by 2021.
The market is driven by numerous factors, such as increasing demand from the paints & coatings industry, growing demand from aerospace, wind energy, electrical and electronics sectors. However, this market faces certain drawbacks, such as volatility of raw materials and growing environmental concerns.
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Our report on epoxy resins market is segmented as follows:
- By Application
- Paints and Coatings
- Adhesives
- Composites
- Electrical & electronics
- Wind Turbine
- Others
- By Types (Raw Materials)
- DGBEA (Bisphenol A & ECH)
- DGBEF (Bisphenol F & ECH)
- Novolac (Formaldehyde & Phenols)
- Aliphatic (Aliphatic Alcohols)
- Glycidylamine (Aromatic Amines & ECH)
- Others
- By Region
Paints & coatings is the largest application segment of epoxy resins due to the growth in construction and renovation industry experienced in Asia-Pacific and developed nations of U.S, Canada, Germany, Italy, U.K, France etc.; respectively. In terms of revenue, Asia-Pacific dominated the global epoxy resin market with a share of more than 64% of the total market. In terms of volume also Asia-Pacific was the largest market for epoxy resin.
Some of the key market players profiled in the report include: Olin Corporation., Momentive Performance Materials Holdings LLC, Nan Ya Plastics Corp., Kukdo Chemical, Chang Chun Plastics Co. Ltd., Huntsman Corp., NAMA Chemicals, Aditya Birla Chemicals Ltd., BASF SE, 3M, among others.
About Mordor Intelligence:
Mordor Intelligence is a global market research and consulting firm. Our focus is to provide research insights to facilitate business success. Our research expertise covers niche segments under Agriculture, Healthcare, ICT, Chemicals, Manufacturing, Logistics, Electronics and Automotive, among others. We believe in data, and we provide solutions through it. Optimum solutions and goal-oriented strategies define our endeavors and make us the preferred choice for clients.
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