LONDON, July 15, 2015 /PRNewswire/ -- The report covers the epoxy resin European market. It further divides the market on the basis of application and geography. The market data for these applications is given with respect to volume (Kilotons) and value ($Million). The market size in terms of value of epoxy resin was estimated to be $1,1349.8 million in 2014 and is projected to grow at a CAGR of about 6.0% from 2014 to 2019. The data mentioned in the report is based on the European demand for epoxy resin.
The total market for European epoxy resin has been analyzed based on the current proceedings in the industry at the commercial level. The study provides value chain analysis with respect to epoxy resin raw materials, manufacturers, and end users. The value chain describes the key contributors to the materials market at different stages from product development to end use. It represents the top players which are contributing to the Europe epoxy resin industry.
The impact of different market factors, such as drivers and inhibitors are also illustrated in the report. This gives an idea about the key drivers such growth in wind energy capacity installation and increasing demand in construction and adhesive markets; and inhibitors such as slow economic growth in region.
The European epoxy resin market is also classified based on different applications. The important application industries include paints & coatings, electronic & electrical appliances, and composites, among many others. The composites industry is expected to witness rapid growth in the future.
The key companies in this market are Hexion Inc. (U.S), Dow Chemical Company (U.S), Huntsman Incorporation (U.S), Leuna-Harze Gmbh (Germany), SIR Industriale Spa Zaklady Chemiczne Organika-Sarzyna SA (Italy) and Spolek Pro Chemickou a Hutni Vyrobu A.S (Czech Republic). These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serve the customers more effectively. Investments in expansion of plant capacities, followed by acquisitions were the most preferred strategies by the top players in 2012 and 2013 that drove the demand for epoxy resin. Their strategy to capture the epoxy resin markets in developing economies includes expansions and agreements.
Germany's market share emerged to be the driving factor for this market, contributing about 32.1% of the European demand in terms of consumption in 2014. It is the leading country in the consumption of epoxy resin, due to the increased demand for printed circuit boards which are used in electrical and electronics industries. In terms of their market share, important countries such as France and Poland are in line for a brighter future in this market.
The report also presents a competitive landscape covering different strategies and developments such as mergers & acquisitions, expansions, and agreements undertaken by the leading epoxy resin companies in the past few years. Furthermore, different epoxy resin market participants are also profiled in the report.
Scope of the report:
This research report categorizes the global market for epoxy resin on the basis of application, end-user industry, and geography; and forecasts volume, value, and analyzes trends in each of the submarkets.
On the basis of application:
- Paints & Coatings
- Wind Turbine
- Electrical & Electronics
Each application is described in detail in the report with their volume and value forecasts.
On the basis of geography:
- The U.K.
- The Netherlands
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