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High Temperature Epoxy Resins Market to See Incredible Growth During 2016 - 2024
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High temperature epoxy resin is best for ultra thin bond lines, strain gauges, bonding and coating critical electronic components, protecting and sealing porous materials, etc. The high temperature epoxy resin is suitable for use in wet-lay laminating or vacuum bagging of composite parts, R.I.M. tooling, vacuum forming and other applications requiring dimensional stability at high temperatures. High temperature epoxy resin is also suitable for encapsulation applications or for use as a high temperature epoxy adhesive for bonding a variety of surfaces. High temperature epoxy resin plays an important role in manufacturing braided carbon tubed exhaust pipes. The typical advantages of the high temperature epoxy resins are excellent adhesion to metals, plastics, ceramics and glass, low moisture absorption, high temperature stability, high bond strength, and low shrinkage. High temperature epoxy resins are excellent electrical insulators and have ability to protect electrical components from short circuiting, dust and moisture. Owing to all such benefits, high temperature epoxy resins are growingly used in end-user industries such as coating and electronic industries across the globe.
Quantity of usage of high temperature epoxy resins has high degree of co-relation with industrialization. As a result high temperature epoxy resin has huge market in developing nations. Asia Pacific is projected to be the fastest growing market for high temperature epoxy resins in the next six years, consuming more than half of the global demand. The main reason for this is the growing demand for high temperature epoxy resins market from developing countries such as China, Japan, Taiwan and South Korea. The high growth in this region is mainly driven by growing population, vast economies developed as well as developing, favorable investment policies, and government initiatives to promote industrial growth. The key companies operating in the high temperature epoxy resin market are largely focusing on these growing economies for tapping their enormous market potential. Therefore, the global high temperature epoxy resin market is expected to experience a significant growth in the future. The consumption of high temperature epoxy resin is being closely followed by the U.S.
Some of the major companies operating in the global high temperature epoxy resin market are The DOW Chemical Company, BASF SE, Huntsman Corporation, Aditya Birla Chemicals Ltd., Epoxy Resin Division of Baling Petrochemical Co.,Ltd., Resoltech, Kukdo Chemical Co. Ltd, 3M Company, Chang Chun Plastics Co. Ltd., Nama Chemicals, Momentive Performance Materials Holdings LLC and Nan Ya Plastics Corporation.
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