DUBLIN, April 13, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Adhesive, Composite, and Coating Epoxy Market - Global Forecasts to 2020" report to their offering.
The adhesive, composite, and coating epoxy market size is estimated to reach USD 9.96 Billion by 2020, signifying a CAGR of over 5.8% between 2015 and 2020
The emerging middle class population of China, India, and Brazil; changing life style; and improving standard of living of consumers depict the increasing demand for high quality products. These are the important factors responsible for growth of end-use industries such as automotive, transport, aerospace, marine, electronics, and others.
Epoxy resin comes in three types solid, liquid, and solution. Solid is the fastest-growing segment, in terms of both value and volume. Solid and solution epoxy resins majorly serve the coatings market, while liquid epoxy resins serve diverse applications across various industries.
Adhesive, composite, and coating epoxies find applications majorly in automotive & transportation, construction, wind energy, aerospace, and others industries. The growth of building & construction application is driven by increasing urbanization in Asia-Pacific and RoW, which resulted into increased demand for residential, commercial, and industrial infrastructure. Low interest rates on housing loans are also responsible for increase in the demand for new houses, eventually driving the market.
Currently, the Asia-Pacific region is the largest market of epoxy resin and is estimated to witness the high growth rate during the forecast period. Countries such as China, Japan, South Korea, and India are expected to lead the Asia-Pacific epoxy resin market, with China accounting for the largest share in the regional demand for epoxy resin. Currently, the market size, in terms of volume, for epoxy resin is comparatively low in Mexico. However, Mexico is expected to grow at the highest rate in the North American region.
The major turnaround in the epoxy resin market was acquisition of Dow Chemical Epoxy division by Olin Corporation. Olin Corporation is currently the leading player in the epoxy resin market. It continues to expand its epoxy resin business through new innovations in products and increasing its market reach. The company has diversified product portfolio of epoxy resin and has strong operational network in North-America.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Epoxy Resin Market, By Type
8 Epoxy Resin Market, By Application
9 Epoxy Resin Market, By Region
10 Competitive Landscape
11 Company Profiles
- 3M (U.S.) - Aditya Birla Chemical (Thailand) - Atul Ltd. (India) - BASF SE (Germany) - Chang Chun Plastics Ltd. (Taiwan) - Hexion Inc. (U.S.) - Huntsman Corporation (U.S.) - Kukdo Chemical Co. Ltd. (Korea) - Mitsubishi Chemical Corp.(Japan) - Nan Ya Plastics Corporation (Taiwan) - Olin Corporation (U.S.) - Sinopec Corp. (China)
For more information visit http://www.researchandmarkets.com/research/pbtxrv/adhesive
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SOURCE Research and Markets