According to new report published by Transparency Market Research, the global liquid crystal epoxy resin market is prognosticated to grow swiftly from 2017 to 2025. “Due to its rich range of industrial applications, the global liquid crystal epoxy resin market is going to witness a strong growth over the forecast period,” says TMR analyst.
Liquid crystal epoxy resin is heavily used in the electronics and electrical applications as an insulation material. Owing to the excellent dielectric properties, epoxy resin is used to protect electrical and electronic products from extreme and dangerous environments. Moreover, the liquid crystal epoxy resin is also used as a mean to keep switches, transformers, motors, and generators clean, dry and free of shorts. Apart from electronics industry, the industry that majorly uses liquid crystal epoxy resin is paints & coatings industry. The reason is that it provides two basic advantages, decoration and protection. Different purposes require different types of paint and coatings and their increasing demand in a major reason behind the growth of the global liquid crystal epoxy resin market.
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Growth of residential sector to play significant role in the forecast period
Another reason behind the projected strong growth of the market is the ever-growing global residential sector. On a continuous spree of record growth in the last few years, the residential sector has led the market to grow rapidly and the same pattern is expected to follow in the forecast period. Increasing investments made by Chinese and Indian governments coupled with the recovering construction in Europe are added reasons behind the predicted growth of the global liquid crystal epoxy resin market.
The findings presented above is based on the TMR’s research report, titled, “Liquid Crystal Epoxy Resin Market (Monomer Type - Biphenyl, Methylstilbene, Azomethine, Naphthyl, and Others; Application - Electronics, Adhesives, Color filters, Structural materials, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”.
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