Epoxy Resins Market was valued at USD 6,940.12 million in 2015

Reports And Markets Publish a New Market Research Report On – "Epoxy Resins Market - Segmented by Type (Raw Material), Application, and Geography - Trends and Forecast (2017 - 2022)"

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The global epoxy resin market was valued at USD 6,940.12 million in 2015, and is likely to reach USD XX million by 2021, growing at a CAGR of XX% during the forecast period (2017 - 2022).

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 are becoming an integral part of various commercial and industrial sectors. Epoxy resins are the high-performance thermosetting polymers that provide enhanced performance in numerous industrial applications. In the global epoxy resin market, we have taken the following major applications into consideration: paints and coatings, adhesives, composites, electrical & electronics, wind turbine, and others. Paints and coatings is the primary application in terms of utilization of epoxy resins.

The market is driven by a number of factors, such as increasing demand from the paints and coatings industry and rising demand from the electrical and electronics sector. However, this market faces certain drawbacks, such as high cost of the raw materials, and environmental concerns. The aforementioned factors may act as a roadblock to the growth of the market.

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The global epoxy resin market, on the basis of raw materials can be broadly segmented into DGBEA (Bisphenol A & ECH), DGBEF (Bisphenol F & ECH), Novolac (Formaldehyde & Phenols), Aliphatic (Aliphatic Alcohols), Glycidylamine (Aromatic Amines & ECH), and others. The market has been geographically segmented into Asia-Pacific, North America, Europe, South America, and Middle-East and Africa. Asia-Pacific holds the largest share in the market. Currently, China dominates the global market in terms of volume, and accounts for about 45% of the global share as of 2014. In North America, increasing demand for epoxy resins-based composites from the aerospace industry is expected to drive the market.

Furthermore, development of innovative products will offer opportunities for the growth of the market. Some of the major players in the market are DOW Chemical Co., Momentive Performance Materials Holdings LLC, Nan Ya Plastics Corp., Kukdo Chemical, Chang Chun Plastics Co. Ltd., Huntsman Corp., NAMA Chemicals, Aditya Birla Chemicals Ltd., BASF SE, and 3M.

Key Deliverables in the Study:

Market analysis for the Global Epoxy Resins Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the global epoxy resins market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

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