Skip to main content

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. 

Get the PDF Brochure for more Professional and Technical industry insights @: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=583

Growing demand for paints and coatings for industrial applications acts as a key factor that stimulates the overall demand for epoxy resins. Increasing focus towards bio-based epoxy resins is anticipated to create several growth opportunities for the global epoxy resins market. This TMR report segments the global epoxy resins market on the basis of application and geography. On the basis of application, this market is categorized into adhesives, electrical and electronics, construction, composites, wind energy, paints and coating, and others. Plastic tooling, eye glasses, handbags, metal protection, and vinyl gloves are the other areas of application in the global epoxy resins market. Epoxy resins are applied extensively in the production of switchgears, generators, motors, and electrical laminates that are used in insulators. 
Printed circuit boards hold the highest share in the electrical and electronics application segment. The rising demand for epoxy resins from the global aerospace industry can be attributed to the greater focus of the latter on enhancing fuel efficiency of aircrafts. The use of epoxy resins in manufacturing aircrafts reduces the overall weight of the aircrafts, which in turn ensures fuel economy. The wind energy industry uses epoxy resins for manufacturing aerodynamically efficient blades for better electricity generation.
Browse The Full Report at:
http://www.transparencymarketresearch.com/epoxy-resins-market.html

Geographically, this research report segments the global epoxy resins market into China, North America, Europe, Rest of Asia Pacific, and Rest of the World. With a share exceeding 45%, the global epoxy resins market in 2013 was dominated by China, both in terms of revenue and volume. Substantial demand for epoxy resins in China comes from the growing electrical and electronics industry and the paints and coatings industry. 
With several electronics companies shifting their production facilities from Japan to China, the demand for epoxy resins in China is projected to increase significantly during the forecast period. The global epoxy resins market is a highly concentrated one, with a handful of leading companies dominating the overall market.The report identifies the following prominent players in the global epoxy resins market: NAMA Chemicals, Kukdo Chemical Ltd., DuPont, 3M Company, The Dow Chemical Company, Hunstman Corporation, and BASF SE amongst others. 
The report segments the global epoxy resins market as follows:

Epoxy Resins Market - Application Analysis
  •          Paints & coatings
  •          Wind energy
  •          Composites
  •          Construction
  •          Electrical & electronics
  •          Adhesives
  •          Others (vinyl gloves, metal protection, handbags, eyeglasses and plastic tooling)



About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyses information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Labels:
Location: Albany, NY, USA

Comments

Post a Comment

Popular posts from this blog

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco
Post a Comment
Read more

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi
Post a Comment
Read more

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and
Post a Comment
Read more