Epoxy Resins Market Overview, Trends, Analysis, Application and Forecast 2022
ReportsWeb.com published “Epoxy Resins Market” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
(EMAILWIRE.COM, January 03, 2017 ) The global epoxy resins market is estimated to reach $12.15 billion by 2022 and is expected to grow at CAGR of 9.6% during 2016-2022. The Epoxy resins market is segmented on the basis of application and geography. The application segment is further segmented into adhesives, composites, construction, electrical & electronics, other applications, paints & coatings, wind turbine. The composites material application is the fastest growing segment which is estimated to grow with a CAGR of 7.5% in the forecast period 2016-2022. The rising demand for lightweight materials in aviation and automotive industry is expected to give robust growth in the global epoxy resins market. Paint & coatings segment is the largest segment and is anticipated to dominate the market in the forecast period.
The epoxy resins market is dominated by some of the major key players such Hexion Speciality Chemicals Inc., Dow Chemical, Nan Ya Plastic Corporation, Kukdo Chemical, DuPont, BASF, Huntsman Corporation and Sanmu Group. All these market players account to 35% of the share in the global epoxy resins market.
For more information http://www.reportsweb.com/global-epoxy-resins-market-insights-opportunity-analysis-market-shares-and-forecast-2016-2022 .
The developing global wind energy is increasing the scope of epoxy resins in global market. The increasing demand for green energy has increased the demand of wind turbines in the global market. The increasing use of epoxy resins in the coatings for wind turbines as increased the market share. The paints and coatings segment is also expected to boost the growth of the epoxy resins in the global market. The growing use of epoxy resins in paints and coatings industry is giving the robust growth in the global epoxy resins market.
The rising demand from aerospace and automotive industry for the epoxy resins is also increasing the scope of epoxy resins in the global market. The epoxy resins market is growing with a huge pace. However, there are some challenges such as impulsive prices of the raw material used, slow progress in the North American, European and ROW region which hinders the growth of global epoxy resins market in the forecast period.
Asia Pacific is dominating the market with the largest share in the global epoxy resins market. The growth is majorly driven by the growth of paints & coatings industry and composites industry in the Aisa Pacific region. Asia Pacific accounted for 62% of global epoxy resin consumption in 2014 and is also anticipated to witness robust growth between other regions in the forecast period. Hasty infrastructure development combined with cumulative automobile production is projected to increase the growth in regional industry. In 2014, North American market accounted for $1 billion. The rising automotive industry and increasing demand for coatings in marine industry is witnessing the high growth in the North American region. The growing usage of wind turbines for green energy generation is also positively impacting the epoxy resins market in the region. The European market for epoxy resins is driven by the growing demand of coatings and composites from aircraft manufacturers in the region. The rising automotive industry is also expected to uplift the growth in the European region.
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Companies Mentioned:
1.3M COMPANY
2. ADITYA BIRLA CHEMICALS (THAILAND) LTD.
3. BALING PETROCHEMICAL
4. BASF SE
5. CHANG CHUN PLASTICS CO. LTD.
6. CYTEC INDUSTRIES INCORPORATION
7. DUPONT
8. HUNTSMAN CORPORATION
9. JUBAIL CHEMICAL INDS. CO.
10. KUKDO CHEMICAL CO. LTD.
11. MOMENTIVE PERFORMANCE MATERIALS HOLDINGS LLC
12. NAMA CHEMICALS
13. NAN YA PLASTICS CORPORATION
14. SINOPEC BALING CO.
15. THE DOW CHEMICAL COMPANY
Make an enquiry: http://www.reportsweb.com/inquiry&RW0001329458/buying .
The epoxy resins market is dominated by some of the major key players such Hexion Speciality Chemicals Inc., Dow Chemical, Nan Ya Plastic Corporation, Kukdo Chemical, DuPont, BASF, Huntsman Corporation and Sanmu Group. All these market players account to 35% of the share in the global epoxy resins market.
For more information http://www.reportsweb.com/global-epoxy-resins-market-insights-opportunity-analysis-market-shares-and-forecast-2016-2022 .
The developing global wind energy is increasing the scope of epoxy resins in global market. The increasing demand for green energy has increased the demand of wind turbines in the global market. The increasing use of epoxy resins in the coatings for wind turbines as increased the market share. The paints and coatings segment is also expected to boost the growth of the epoxy resins in the global market. The growing use of epoxy resins in paints and coatings industry is giving the robust growth in the global epoxy resins market.
The rising demand from aerospace and automotive industry for the epoxy resins is also increasing the scope of epoxy resins in the global market. The epoxy resins market is growing with a huge pace. However, there are some challenges such as impulsive prices of the raw material used, slow progress in the North American, European and ROW region which hinders the growth of global epoxy resins market in the forecast period.
Asia Pacific is dominating the market with the largest share in the global epoxy resins market. The growth is majorly driven by the growth of paints & coatings industry and composites industry in the Aisa Pacific region. Asia Pacific accounted for 62% of global epoxy resin consumption in 2014 and is also anticipated to witness robust growth between other regions in the forecast period. Hasty infrastructure development combined with cumulative automobile production is projected to increase the growth in regional industry. In 2014, North American market accounted for $1 billion. The rising automotive industry and increasing demand for coatings in marine industry is witnessing the high growth in the North American region. The growing usage of wind turbines for green energy generation is also positively impacting the epoxy resins market in the region. The European market for epoxy resins is driven by the growing demand of coatings and composites from aircraft manufacturers in the region. The rising automotive industry is also expected to uplift the growth in the European region.
Request Sample Copy http://www.reportsweb.com/inquiry&RW0001329458/sample .
Companies Mentioned:
1.3M COMPANY
2. ADITYA BIRLA CHEMICALS (THAILAND) LTD.
3. BALING PETROCHEMICAL
4. BASF SE
5. CHANG CHUN PLASTICS CO. LTD.
6. CYTEC INDUSTRIES INCORPORATION
7. DUPONT
8. HUNTSMAN CORPORATION
9. JUBAIL CHEMICAL INDS. CO.
10. KUKDO CHEMICAL CO. LTD.
11. MOMENTIVE PERFORMANCE MATERIALS HOLDINGS LLC
12. NAMA CHEMICALS
13. NAN YA PLASTICS CORPORATION
14. SINOPEC BALING CO.
15. THE DOW CHEMICAL COMPANY
Make an enquiry: http://www.reportsweb.com/inquiry&RW0001329458/buying .
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Priya Sisodia
Tel: +1-646-491-9876
Email us
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ReportsWeb.com
Priya Sisodia
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results