Global Epoxy Resins Market Overview:
According to Market Analysts Global Epoxy Resins Market size to maintain the average annual growth rate of 6.85% from 7098 million $ in 2014 to 8660 million $ in 2017. Market analysts believe that Epoxy Resins Market size will be further expanded, The market size of the Epoxy Resins will reach 12178 million $ by 2022.
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The increasing shift toward green and eco-friendly products will drive the growth prospects for the global waterborne epoxy resins market. One of the major factors responsible for this growth is the increasing demand for eco-friendly products in the coatings and adhesives industry. A key factor that drives the demand for eco-friendly products is the implementation of strict regulations including laws necessitating the reduction in emission of VOC from solvent-based coatings. Moreover, one of the main benefits of water-based eco-friendly products is the absence of solvents that evaporate during the curing phase.
The Epoxy Resin Market is segmented based on Physical Form (Liquid, Solid and Solution), Application (Paints and coatings, Composites, Adhesives and sealants), End-Use Industry (Building and construction, Automotive, large and heavy vehicles and railroads, General industrial, Consumer goods, Wind power, Aerospace, Marine) and Region.
The paints & coatings segment is the largest application and is projected to remain the same in the overall epoxy resin market, in terms of volume, during the forecast period.
Increase in employment, increase in public & private non-residential spending, and rise of green building construction are driving the epoxy resin market in the building & construction end-use industry. Though the growth of this sector has slowed down, it would still provide opportunities for the growth of the epoxy resin market.
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Regionally, Asia-Pacific is the largest market for epoxy resin, both in terms of volume and value, followed by North America and Western Europe. China, the U.S., and Germany are the largest producers of epoxy resins the respective regions. Building & construction is the largest consumer of epoxy resins materials in Asia-Pacific. China and Japan have the largest shares of the Asia-Pacific epoxy resin market. The market in India is witnessing the highest growth rate.
Key Players:
1 BASF SE
2 Huntsman Corporation
3 The Dow Chemical Company
4 3M Company
5 DuPont
6 Aditya Birla Chemicals Ltd (Thailand)
7 Momentive Specialty Chemicals Inc.
8 Nan Ya Plastics Corporation
Key Regions:
1 North America Country (United States, Canada)
2 South America
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)
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Key Questions Answered in this Report:
1 What will the market size and the growth rate be in 2022?
2 What are the key factors driving the global Epoxy Resins Market?
3 What are the challenges to market growth?
4 Who are the key vendors in the market?
5 What are the latest market trends?
Table of Content:
1 Epoxy Resins Definition
2 Global Epoxy Resins Market Major Player Share and Market Overview
3 Major Player Epoxy Resins Business Introduction
4 Global Epoxy Resins Market Segmentation (Region Level)
5 Global Epoxy Resins Market Segmentation (Type Level)
6 Global Epoxy Resins Market Segmentation (Industry Level)
7 Epoxy Resins Market Forecast 2018-2022
8 Epoxy Resins Segmentation Type
9 Epoxy Resins Segmentation Industry
10 Epoxy Resins Cost Analysis
11 Conclusion
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