DUBLIN, March 2, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/lzrp9d/growth) has announced the addition of the "Growth Opportunities in Epoxy Curing Agents in the Global Composites Industry 2015-2020: Trends, Forecasts and Opportunity Analysis" report to their offering.
The epoxy curing agent in the global composites industry is forecast to grow at a CAGR of 5.5% by value from 2015 to 2020. The major drivers of growth for this market are growth of end-use industries and increasing use of high-performance epoxy-based composite materials.
In this market, aliphatic, cycloaliphatic, aromatic, dicyandiamide, and anhydride are the major products used as curing agents in the global composites industry. Aliphatic is the largest product segment and is expected to remain the same during the forecast period. The author predicts that the demand for aromatic is expected to experience the highest growth rate in the forecast period supported by growing demand for high performance composites in aerospace applications.
Asia Pacific is expected to remain the largest market due to growth of composites industry. North America is expected to show above average growth during the forecast period due to increasing demand for high-performance epoxy-based composites in the aerospace, wind energy, and other end use industries.
For market expansion, the report suggests innovation and new product development, where the unique characteristics of epoxy curing agent can be capitalized. Some of the innovation areas in epoxy curing agent could be in the lowering of curing time, increasing pot life, and lowering the heat of exothermic reaction. Emerging trends, which have a direct impact on the dynamics of the industry, include development of epoxy curing agents which are less hazardous to human health and have faster cure, and improved performance characteristics.
Air Products, BASF SE, Huntsman, Momentive, and Dow Chemicals are among the major players of epoxy curing agent in the global composites industry.
By end use application type [Value ($M) and Volume (M lbs) shipment analysis for 2009 - 2020]:
- Wind Energy
- Pipe and Tank
By product type [Value ($M) and Volume (M lbs) shipment analysis for 2009 - 2020]:
- Aliphatic Amines
- Cycloaliphatic Amines
- Aromatic Amines
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for epoxy curing agent in global composites industry by product type and region?
Q.2.Which product segments will grow at a faster pace and why?
Q.3.Which region will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges in the market?
Q.5.What are the business risks and competitive threats in this market?
Q.6.What are emerging trends in this market and reasons behind them?
Q.7.What are some changing requirements and demands of customers in the market?
Q.8.What are the new developments in the market and which companies are leading these developments?
Q.9.Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?
Q.10. What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via materials / product substitution?
Q.11. What M & A activities have transpired in the last 5 years in this market and describe their impact on the industry?
Key Topics Covered:
1. Executive Summary
2. Industry Background and Classifications
3. Market Trend and Forecast Analysis
4. Competitor Analysis
5. Growth Opportunity & Strategic Analysis
6. Company Profiles of Leading Players
- Air Products
- BASF SE
- Dow Chemicals
For more information visit http://www.researchandmarkets.com/research/lzrp9d/growth
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SOURCE Research and Markets