Press release
Epoxy Resin Market Analysis 2017-2023: Key Findings, Regional Analysis, Key Players Profiles and Future Prospects
Market HighlightsEpoxy resins are the highly preferred thermoplastics for manufacturing composite materials due to their properties such as external force proof, high thermal stability, moisture proof, and heat proof. The growth of the industry is highly dependent on the consumption of these resins in various industries such as construction, automotive, aerospace, electronics, marine among others.
The construction industry is the largest consumer of such resins due to its corrosion resistance property. The construction industry consumes steel in all its major processes which makes it highly important for the using the right type of resin which isn’t corrosive in nature when in contact with steel. Growing construction and automotive industries due to increasing disposable income along with changing lifestyle have been a major driving factor for the segment.
Demand for epoxy resin in automobile and industrial applications is projected to grow. The growth is attributed to the qualities of these resins such as heat resistance. The industries demand for water borne coatings, powder coatings, electrical laminates, which is expected to further augment the growth of the market.
Increased investment in R&D in the resins market by the manufacturers is expected to widen the scope of epoxy resin across various industrial applications. Global demand is also fueled by increased power installation capacity, especially wind energy.
The Global Epoxy Resin Market is expected to cross USD 9 Billion mark at the end of the forecasted period and is expected to show a staggering growth at CAGR of approximately 6% from 2016 to 2022.
Key Players
The key players of global epoxy resin market report include-
• BASF SE,
• Olin Corporation,
• 3M Company,
• Nan Ya Plastics Corporation,
• Momentive Performance Material Holding LLC,
• DuPont,Huntsman Corporation,
• Sanmu Group,
• Hexion Inc.,
• Aditya Birla Chemicals Ltd.,
• Kukdo Chemical Co. Ltd.,
• Atul Ltd.
Request a Sample Copy @ https://www.marketresearchfuture.com/sample_request/1736
Scope of the report
This study provides an overview of the global epoxy resin industry, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global epoxy resin market as application and end-use. On the basis of application it is segmented as construction, automotive, power, aerospace, marine, consumer goods, and others. On the basis of end-use it is segmented as paints & coatings, wind turbine, adhesives & sealants, Composites, Electricals, and others.
Market Research Analysis:
The market is highly application based. Its dependency on the end-use industry has widened over a period of time. The properties of these resins such as external force proof, high thermal stability, moisture proof, and heat proof augments the market for epoxy resins. It is expected that the global epoxy resin market will advance with higher growth rate as compared to previous years. However the current challenge for the market is the fluctuating raw material prices and popularity of alternative resins.
On the basis of region, APAC takes the lead as the largest market, followed by North America and Europe. APAC, due to its rapid urbanization and changing lifestyles have created an increased demand for automobiles. Also the increased investment in infrastructure to support the population growth in the region is the driving force. The region accounts for over 55% of market share in 2015, with China leading by country, and is expected to show similar results by 2022. North America was valued to have a market size of more than USD 1,200 million in 2015 due to increased demand from automotive and marine sectors. The trend is expected to be stable by the end of 2022.
For further information on this report, visit @ https://www.marketresearchfuture.com/reports/epoxy-resin-market-1736
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Epoxy Resin Market Analysis 2017-2023: Key Findings, Regional Analysis, Key Players Profiles and Future Prospects here
News-ID: 756299 • Views: …
More Releases from Market Research Future
Hydrofluoric Acid Market (CAGR) of 4%, Innovation Imperative Future Proofing You …
Hydrofluoric acid (HF) is a crucial chemical compound with a wide range of applications across various industries. Despite its hazardous nature, it plays an essential role in manufacturing processes, especially in the production of fluorine compounds. The global hydrofluoric acid market has been witnessing steady growth, driven by demand from end-user industries such as oil refining, pharmaceuticals, and electronics.
The Hydrodesulfurization Catalysts Market is projected to register a CAGR of over…
Palm Methyl Ester Derivative Market Size Projected to Grow at 5.92% CAGR, Reachi …
In recent years, the global market for palm methyl ester derivatives has witnessed significant growth, driven by various factors including environmental concerns, technological advancements, and the increasing demand for sustainable alternatives in various industries. Palm methyl ester derivatives, derived from palm oil, have emerged as versatile ingredients with applications spanning across sectors such as cosmetics, pharmaceuticals, lubricants, and more.
The Palm Methyl Ester Derivative Market Size was valued at USD 1.5…
Asia-Pacific Ceramic Tiles Market to Register Highest CAGR Growth of 7.50% by 20 …
The Asia-Pacific ceramic tiles market has been witnessing robust growth, driven by various factors such as increasing investments in residential and commercial construction, renovation activities, and the growing preference for aesthetically pleasing and durable flooring solutions. Countries like China, India, Japan, and South Korea have been leading the market growth, supported by strong manufacturing capabilities, technological advancements, and evolving consumer preferences.
Asia-Pacific Ceramic Tiles Market Size was valued at USD 141.2…
APAC Wallpaper Market to Register Highest CAGR Growth of 8% by 2032: Analysis by …
The APAC wallpaper market has witnessed significant growth in recent years, driven by factors such as rising disposable incomes, expanding construction activities, and growing awareness regarding interior decor. Countries like China, India, Japan, South Korea, and Australia have emerged as key contributors to the region's wallpaper market. Additionally, the increasing adoption of innovative wallpaper designs and patterns is fueling market growth further.
APAC Wallpaper Market Size was valued at USD 0.55…
More Releases for Corporation
Endotherapy Devices Market Key Players: Hoya Corporation, Olympus Corporation, S …
A fresh report titled “Endotherapy Devices Market” has been presented by KD market insights. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Endotherapy Devices Market. The competition analysis is also a major part of the report.
The global endotherapy devices market is projected to reach…
Digital Living Room Market 2017-2025 | Samsung Corporation, Sharp Corporation, B …
Global Digital Living Room Market: Snapshot
The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary…
Smart Camera Market || Key Players - Samsung Electronics Co., Canon Inc., Nikon …
Looking at the current market trends as well as the promising demand status of the Smart Camera Market, it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global Smart Camera Market. Readers can gather prime facets connected to the target market which includes product, end-use and application;…
Global Healthcare Clinical Analytics Market to 2022| IBM Corporation, Cerner Cor …
Albany, NY, 3rd December : Recent research and the current scenario as well as future market potential of "Global Market Study on Healthcare Clinical Analytics: North America to be the Most Lucrative Market During the Assessment Period (2017 - 2022)" globally.
Introduction
Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘Healthcare Clinical Analytics Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’.
Get PDF for more Professional and Technical insights…
Endotherapy Devices Market Key Players : Hoya Corporation, Olympus Corporation, …
Endoscopy Devices Market is performed to examine abdominal pain, ulcers, digestive tract bleeding, and abnormal growths in the colon and other abdominal & gastrointestinal (GI) conditions. The minimally invasiveness of this procedure with fewer post operation complications makes it one of the most preferred and sought-after procedures in diagnostics and surgeries. The global endotherapy devices market is projected reach $5,015 million by 2024 from $3,369.0 million in 2017, growing at…
Endoscopy Devices Market Share with Olympus Corporation, HOYA Corporation, Fujif …
Endoscopy Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $40,854 million by 2022 from $27,273 million in 2015, registering a CAGR of 5.7% during the period 2016 to 2022. The flexible endoscopes are expected to dominate the global endoscopy devices market. North America is projected to continue its lead, accounting for more than one-third share of the global endoscopy devices market…
