Epoxy Resin Market is Growing Exponentially in Order to Gain More Demand by 2021
Global Epoxy Resin Market by Physical Form (Liquid, Solid, and Solution), Application (Paints & Coatings, Adhesives & Sealants, Composites), End-Use Industry (Building & Construction, Aerospace, Wind Power, Marine, Consumer Goods) - Forecast to 2021", is the [179 pages] report in which global market is expected to reach USD 8.77 Billion by 2021 from the estimated USD 6.31 Billion in 2015, registering a CAGR of 5.77% between 2016 and 2021.
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Premium Insights of the report:
- Attractive Opportunities for Market Players
- Epoxy Resin Market Growth, By Physical Form (2016-2021)
- Market in Asia-Pacific, 2015
- Epoxy Resin Market Share, By Region
- Epoxy Resin Market Size, Top-5 Countries, 2016 vs 2021
- Epoxy Resin Market Attractiveness, By Application
- Life Cycle Analysis, By Region
Solid epoxy resin is the fastest-growing segment in the overall epoxy resin market due to its increasing use in powder coating applications. The liquid epoxy resin segment accounts for the largest share of the overall market due to its wide range of applications.
Paints & coatings, adhesives & sealants, and composites are the major application segments of epoxy resins. Epoxy resins are widely used in paints & coatings application for its mechanical and protective properties. The epoxy resin market in the composites application segment is witnessing the highest growth.
Building & construction, automotive, large & heavy vehicles & railroads, general industrial, consumer goods, wind power, aerospace/aircraft, and marine are the end-use industries considered in this report. The building & construction industry is the largest consumer of epoxy resins. The dominance of the market by this end-use industry is attributed to the increasing investment in this sector. The aerospace sector is the fastest-growing end-use industry for epoxy resin. Infrastructural investment is growing in this industry, offering high growth prospects for the epoxy resin market.
Asia-Pacific is the largest market for epoxy resin, followed by North America and Western Europe. The market in Asia-Pacific is estimated to record the highest CAGR during the forecast period. Most of the emerging economies are located in this region. Increasing industrialization and growing infrastructural development makes it an attractive market.
Major manufacturers operational in Epoxy Resin Market are Olin Corporation (U.S.), Nan Ya Plastics Corporation (Taiwan), Huntsman Corporation (U.S.), Hexion Inc. (U.S.), Kukdo Chemical Co. Ltd. (South Korea), Chang Chung Plastics Co. Ltd. (Taiwan), Aditya Birla Chemicals (Thailand), the 3M Company (U.S.), BASF SE (Germany), and Sinopec Corporation (China Olin Corporation (U.S.).
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