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

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a...
Post a Comment
Read more

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @  http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry ...
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 proto...
Post a Comment
Read more