Europe Epoxy Resins Market Set for Rapid Growth and Trend by 2023 | Top Key Company’s - 3M, Aditya Birla Chemicals, BASF SE, Bayer, Changchun Chemicals, DowDuPont, Hexion, Huntsman

Marketprognosis.com Publish a New Market Research Report On “Europe Epoxy Resins Market 2018 - 2023” which contains Europe key player’s survey information and forecast to 2023.

Overview of the Europe Epoxy Resins Market:

The Europe Epoxy Resins Market is expected to witness a CAGR of 5.26%, in terms of revenue, during the forecast period, 2018 to 2023.

Currently, Germany dominates the regional market, in terms of revenue, and accounted for more than 35% of the regional share, as of 2017. Epoxy resins are a group of synthetic resins, which are used to make adhesives and plastics. Owing to their versatility, high resistance to chemicals, durability, excellent adhesion, toughness, high electrical resistance, strong durability at both low and high temperatures, and ease they offer while pouring on cast without forming any bubbles, epoxy resins have become an integral part of various commercial and industrial sectors.

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Epoxy resins are extensively used as insulation materials for electronics and electrical applications, which require protection in extreme and dangerous environments (such as chemical plant equipment, deep sea, and engine management), owing to their properties, such as high physical and mechanical strength, good dimensional stability, excellent dielectric properties, etc. They are used to keep generators, switches, transformers, and motors dry, clean, and free of shorts. Increasing consumption of electrical and electronics equipment on commercial scale in Germany and France is driving the demand for epoxy resins.

Europe is the second largest contributor to the epoxy resins market in wind energy segment for wind turbines. In Europe, Germany contributes significantly to the market as the development of wind energy systems is in demand. In the top 10 new-installed capacity for wind energy, Germany, France, Poland, the United Kingdom, and Turkey accounted for about 17% of the total world new installed wind energy capacity in 2016. The increasing demand for wind turbines has increased the demand for epoxy resins because of their light weight and improved performance in long-term investment.

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The automotive industry is the largest sector in Germany, which accounts for about 23% of the total German industry revenue. Epoxy resin is used extensively in automotive coatings and electronic applications. In the automotive industry, epoxy resins are extensively used as protective coatings, helping increase the average lifespan of the vehicle and preserve vehicles. Germany has around 27,000 accumulated wind turbines installed while the total wind energy capacity accumulated was 50.92 GW in 2017. The rapidly growing end users are boosting the epoxy resins market in Germany.

Major Key Players:

1 3M Company

2 Aditya Birla Chemicals

3 BASF SE

4 Bayer

5 Changchun Chemicals

6 Daicel Corporation

7 DowDuPont

8 Hexion

9 Huntsman Corporation

10 Leuna-Harze GmbH and More…………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Epoxy Resins Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.