Modified Epoxy Resins Market | Global Analysis, Industry Growth, Current Trends and Forecast till 2023

Synopsis of Modified Epoxy Resins Market:

Epoxy resins or polyepoxides are a type of reactive polymers and they contain epoxide groups. Epoxy resins are reacted or cross-linked either with themselves or with a variety of co-reactants such as polyfunctional amines, acids, phenols, thiols, and alcohols. The reaction between epoxy resin and other co-reactants forms thermosetting polymers with enhanced chemical resistance, mechanical properties, and temperature, which are also referred as modified epoxy resin.

Key Players:

Some of the prominent players operating in the global modified epoxy resins market are Nan Ya Plastic Corporation (Taiwan), Olin (U.S), Jiangsu sanmu group Co, Ltd (China), Hexion (U.S), Kukdo Chemical co limited (Japan), Aditya Birla Chemicals Ltd ( India). E. I. du Pont de Nemours and Company (U.S), 3M (U.S), and BASF SE (Germany), among others.

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Modified epoxy resin offer various properties such as improved peel strength, better thermal shock resistance, and excellent corrosion resistance, among others. These properties pave the way for modified epoxy resins in many end-user industries such as automobile, building and construction, aerospace, marine, and others. Modified epoxy resin are extensively used as adhesives and sealants owing to excellent heat resistance and durability. The growing automotive, building and construction industries in the developing countries are the major factors contributing to the growth of the market. Moreover, due to enhanced strength, high modulus, and lightweight of modified epoxy resins are also employed in the aerospace industries. Moreover, they act as a binding agent in the manufacturing of polymer concrete. The low viscosity increases a high degree of filling and processability of the polymer concrete.

Geographical Analysis:

The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Intended Audience:

Modified epoxy resins market manufacturers
Traders and Distributors of modified epoxy resins market
Production process industries
Potential investors
Raw material suppliers
Nationalized laboratory
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Regional Analysis:

The modified epoxy resins market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the market and is expected to be the fastest growing region with an encouraging CAGR. Growing population and the increasing personal disposable incomes in the developing nations are primarily driving the growth of the modified epoxy resins market. Moreover, the burgeoning construction industry in countries, such as India and China, is increasing the demand for modified epoxy resins in the paint and coatings industry, which, in turn, is propelling the market growth. According to the Indian Brand Equity Foundation, the Indian infrastructure witnessed 33 deals in 2016-2017 involving USD 3.49 billion with an increase of 0.5 billion from the previous year.

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This release was published on openPR.