Global Epoxy Resins Market to Reach US$10.55 Billion due to Surging Demand from the Paints and Coatings Market
A recently released report from Transparency
Market Research (TMR) forecasts that the global
epoxy resins market will develop at a
CAGR of 6.9% from 2014 to 2020. TMR, a market intelligence firm based in the
U.S., states that by 2020, the global epoxy resins market will reach a market
value of US$10.55 billion from US$6.64 billion in 2013.
The report, titled ‘Epoxy Resins Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020’,
is available for sale on the company website. According to this market research
report, the global epoxy resins market is propelled by increasing demand from
industries such as wind energy, aerospace, and paints and coatings. Epoxy
resins composites in the aerospace industry are used as raw materials for
building aircrafts. Epoxy resins refer to thermosetting polymers that belong to
the epoxide functional group. The curing process makes use of curing agents,
ultraviolet light or heat.
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