Press release
North America Epoxy Resin Market Performance Expectations to 2022 by Raw Materials, Major Application Areas and Geography
North America Epoxy Resin Market
Paints and coatings are primary applications in terms of utilization of epoxy resins. The epoxy resin market growth is bound with the developing economies due to its high co-relation with industrialization.
The North America Market for Epoxy Resins was valued at USD 1.05 billion in 2015, and is projected to reach USD 1.41 billion by 2020, growing at a CAGR of 6.10% between 2015 and 2020.
Browse Report at: http://www.orbisresearch.com/reports/index/north-america-epoxy-resin-market-segmented-by-type-raw-material-application-and-geography-trends-and-forecasts-2017-2022
Us dominated the North America epoxy resins market due to high demand from paints & coatings and electrical & electronics industries. In terms of volume, US accounted for about XX% of the total North American epoxy resins market in 2015. Increasing demand for epoxy resins-based composites from the aerospace industry in North America is expected to drive the market in the region. Epoxy resins-based composites provide flexibility in designing aerodynamically efficient airframes. They also reduce the overall weight of an aircraft.
Epoxy resins are used in an increasing number of markets from Paints and coatings, Adhesives, Composites, Electrical & electronics, Wind Turbine and a number of other segments.
Key participants in the North America epoxy resin market include The Dow Chemical Company (U.S.), Momentive Performance Materials Holdings LLC (U.S.), Nan Ya Plastics Corporation (Taiwan), Kukdo Chemical (South Korea), Chang Chun Plastics Co. Ltd. (Taiwan), Huntsman Corporation (U.S.), NAMA Chemicals (Saudi Arabia), Aditya Birla Chemicals (Thailand) Ltd, BASF SE (Germany), and 3M (U.S.).
Buy Report at: http://www.orbisresearch.com/contact/purchase/218487
Drivers
• Rapid growth of the epoxy resin market is driven by the growth in end-user industries. Besides that, the North America wind energy market development is also seen as one of the major market drivers for epoxy resins.
Challenges
• Rise in raw materials cost and increasing awareness of health hazards associated with BPA-based products are the major stumbling blocks of the market.
What the report contains:
• The report elucidates the situation of epoxy resins around the world and studies the markets of the epoxy resins by raw material which include Bisphenol A, Bisphenol F, Novolac epoxy resin, Aliphatic epoxy resin, Glycidylamine epoxy resin and others.
Request a PDF Sample of the Report at: http://www.orbisresearch.com/contacts/request-sample/218487
Lastly, the report is divided by countries - United States, Canada, Mexico and Others; where-in the market share of each region is analyzed and estimates are provided for the next 5 years. The various applications of epoxy resins have been discussed in detail in addition to a comprehensive overview of the market.
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
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