Epoxy Resin Market worth USD 10,620.5 million till 2023 and Industry Share by Top Global Players | BASF SE, Aditya Birla Chemicals, Ciech S.A, Spolchemie, Olin Corporation, Kolon Industries Inc.

Summary:

Epoxy Resin, also known as polyepoxides, refers to a kind of reactive prepolymer and polymer containing epoxide groups. These resins react either with themselves in the presence of catalysts, or with many co-reactants like amines, phenols, thiols, etc. Epoxy Resin has numerous industrial applications in a wide range of end-use industries. It exhibits superior mechanical properties and more thermal and chemical resistance than other types of resin.

The Global Epoxy Resin Market is estimated to grow at CAGR of 5.24% to reach USD 10,620.5 million by the end of 2023. The factors positively influencing the market are the increasing epoxy based composites demand from automotive & transportation industry and steady growth of construction industry.

Recent Industry News:

In, January 5, 2018 - Nordson ASYMTEK (USA) a global leader in dispensing, jetting, and coating equipment and technologies, announced acquisition of Infiniti Dosing o.m.s (Germany) a leading manufacturer of highly viscous and abrasive fluids including epoxy resins, potting compounds etc.

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Key Findings:

Global Epoxy Resin Market is projected to reach USD 10,620.5 million by 2023 with 5.24% CAGR during review period of 2017-2023. Asia Pacific accounted for the largest share due to the significant growth of automotive and construction industry. Liquid epoxy segment is estimated to dominate the global market owing to its usage in a wide range of applications. Automotive & transportation industry is growing at the highest CAGR, among other applications of the epoxy resins. Among the technology segment, waterborne epoxy is projected to emerge as the fastest growing segment.

Competitors:

The prominent vendors in the Global Epoxy Resin Market are, Aditya Birla Chemicals (India), Kolon Industries, Inc. (South Korea), BASF SE (Germany), Olin Corporation (Olin) (U.S.), Ciech S.A (Poland), Huntsman International LLC (U.S.), and Spolchemie (Czech Republic), among others.

Segmentation:

For the convenience of the report and enhanced understanding the analysis is segmented in to 4 key dynamics:
On the basis of Types: Glycidyl Epoxy and Non-Glycidyl Epoxy.

Basis on Technology: Liquid Epoxy, Waterborne Epoxy, Solvent Cut Epoxy

Based on Applications: Building & Construction, Automotive & Transportation, Electrical & Electronics, Adhesives & Sealants, Marine

By Regions: North America, Europe, APAC and Rest of the World.

Regional Analysis:

The Global Epoxy Resin Market is spanned across five key regions: Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Among them, Asia Pacific accounted for the largest share of the market in 2016 and is estimated to grow at considerable CAGR throughout the review period. The primary factor responsible for the dominance of Asia Pacific region is the increasing demand for the product in steadily expanding construction sector, along with manufacture of consumer goods and expanding production capacity in this region. Asia Pacific is followed by North America, which accounted for the second largest market share, as of 2016. U.S. held the major share of the regional market and is expected to retain its dominance during the forecast period owing to greater penetration of end user industries in the country.

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