NEW YORK, May 26, 2015 /PRNewswire/ -- Background:
Epoxy resin in global composites industry is expected to reach an estimated $3.3 billion by 2019. Increasing use of composite materials in industries such as electrical and electronics, wind energy, pipe and tanks is the major driver of epoxy resin in composites industry. Increasing penetration of composite materials in aerospace and automotive industry will further drive the demand of epoxy resins for composites. Asia Pacific is the dominant region in terms of value and volume.
Lucintel, a leading global management consulting and market research firm, with over 1000 clients worldwide has analyzed the epoxy resins market for composites industry by segments and regions and has come up with comprehensive research report "Growth Opportunities for Epoxy Resin in Global Composites Industry 2014-2019: Customer, Competitor, and Market Analysis." This report provides a comprehensive analysis of the epoxy resin used for composite applications including analysis of market trend, competitive landscape, company profiles, mergers and acquisitions, emerging trend, and key drivers of industry growth. The study also includes global forecasts for epoxy resin in composites in terms of value and volume through 2019, segmented by end user applications such as transportation, marine, wind energy, aerospace, pipe and tank, construction, electrical and electronics, consumer goods, and others. The report is further segmented for major geographic regions such as North America, Europe, Asia Pacific, and Rest of the World for each of the end user application.
On the basis of its comprehensive research, Lucintel forecasts that majority of the segments for epoxy resin in composites industry will grow moderately during 2014-2019. Transportation and aerospace segments will depict a double-digit growth owing to increased adoption of epoxy resin in composites. Momentive, Huntsman, Dow Chemical, Nan Ya Plastics, Kukdo, Aditya Birla Chemicals (Thailand) Ltd., and BASF are among the major suppliers of epoxy resins globally. Increasing R&D efforts by major suppliers towards formulated epoxy resin is widening its scope in niche and cost-sensitive applications. The key players are complementing the industry growth by developing materials and technologies that will enable mass production of composite components. The biggest challenge faced by the industry is increasing price of raw materials such as bisphenol and epicholorohydrin.
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.
Features of This Report:
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of "Growth Opportunities for Epoxy Resin in Global Composites Industry 2014-2019: Customer, Competitor, and Market Analysis" include:
- Market size and growth rates of epoxy resin market for composites industry in various segments by applications in terms of value and volume
- Epoxy resin market for composites industry outlook and trends for application markets such as wind, transportation, construction, pipe and tanks, aerospace, E&E, marine, consumer goods and challenges of various market segments
- Epoxy resin market for composites industry trend (2008-2013) and forecast (2014-2019) by nine applications and four regions
- A review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis
- Regional drivers and challenges by applications, growth opportunities and emerging trends of epoxy resin market for composites industry
- Porter's Five Forces Analysis for epoxy resin market for composites industry
- Supplier and customer mapping in epoxy resin market for composites industry
- Competitive analysis for major players along with their product portfolios
- Company profiles for leading players
- Strategic alliances and new product developments in epoxy resin market for composites industry
- Competitive Landscape, emerging trend, market drivers and growth opportunity analysis provide helps to ascertain a sound investment decision
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