Market Summary of Epoxy Resin
Market Summary of Epoxy Resin
Epoxy Resin is a co-polymer formed from a resin and a hardening chemical. Epoxy Resin is a versatile resin which imparts excellent resistance to corrosion, dimensional stability, bonding property and mechanical strength. Epoxy Resin is characterized by the presence of more than one epoxy group per molecule. Epoxy Resin is able to have various sets of properties as it is combined and cured together with different curing agents.
This report covers the market outlook and growth prospects of the global Epoxy Resin market for 2018-2023. The global Epoxy Resin market was valued at US$ 7.6 billion in 2018, growing at a CAGR of more than 6% during 2012-2018. The Global Epoxy Resin Market is assessed to develop at CAGR of 8% to reach US$ 10.2 billion by the end of 2023, driven by the growth.
Paints and coatings are the most worthwhile application fragment in the worldwide epoxy pitch market pursued by electronic epitome and others, composites, and others. Epoxy-based paints and coatings forestall consumption and rust; bringing about extreme interest from a few enterprises, for example, building and development, car, and others.
China, Europe & North East Asia are the major producers of Epoxy Resin. USA, Germany & China are the major markets of epoxy coatings, epoxy based adhesives & electronics.
The major global manufacturers of Epoxy Resin are Olin Corporation, Kukdo Chemical,
Huntsman, Hexion and Nan Ya Plastics Corporation Inc.
This report covers the global scenario on Epoxy Resin Industry, Region-wise Supply Demand Analysis and Future Demand Projections for the Africa, South America, North America,Indian Subcontinent, North East Asia, China, South East Asia, Middle East, Europe and Australia. For Indian scenario this report covers major producers, Supply, Demand, Market
Drivers and Future Projection.