Global,Epoxy,Resins,Market,Siz business, insurance Global Epoxy Resins Market Size to Exceed USD Around 10.5 Bi
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Market Research Reports Search Engine (MRRSE), has recently added a new report, titled ‘Epoxy Resins Market for Paints & Coatings, Wind Energy, Composites, Construction, Electrical & Electronics, Adhesives and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020’, to its online database.The global epoxy resins market is segmented based on geography and applications. On the basis of geography, the global epoxy resins market is divided into Europe, China, Rest of Asia Pacific, North America, and Rest of the World. In terms of volume and revenue, China led the global epoxy resins market in 2013. China held nearly 45% of the global market in 2014 and is predicted to maintain its dominant position during the forecast period. Considering the abundant availability of epoxy resins and raw materials in China, many companies from Japan have relocated their epoxy resins plants in this region.The market will observe moderate growth in the North America region, whereas there will be rapid development of the European epoxy resins market by 2020. In the Asia Pacific region, it is expected that building and construction applications will generate more demand for epoxy resins in the coming few years.The top five leading players have dominated the global epoxy resins market over the past few years. There has been an increase in the number of companies introducing epoxy resins in the global epoxy resins market, which are especially used for manufacturing switchgears, generators, insulators, and electrical laminates for motors. Due to their multiple uses, the leading players in the global epoxy resins market make sure to produce a wide variety of epoxy resins to meet the diverse demand pattern. With major contribution from the leading players, the global epoxy resins market is expected to develop rapidly during the forecast period. Some of the prominent players in the global epoxy resins market are the Dow Chemical Company, Aditya Birla Chemicals, Momentive Specialty Chemicals, DuPont, Celanese Corporation, Kukdo Chemicals Co. Ltd., 3M Company, Huntsman Corporation, BASF SE, and Nan Ya Plastics Corp.To Get Free Sample Copy Of Epoxy Resins Market Increasing demand for epoxy resins from electronic and electrical applications will drive the global epoxy resins market during the forecast period. The growth of the global epoxy resins market will be restricted due to a fall in demand for raw materials from polycarbonate applications. However, rising demand for epoxy resins from the coatings and paints industry will help the global epoxy resins market overcome the restraints and develop rapidly. Further, the aerospace industry is expected to generate demand for epoxy resins during the forecast period. Nowadays, epoxy resin mixtures are commonly used for the production of aircraft structures such as airframes. Such airframes will help reduce the weight of the aircraft and offer better fuel efficiency.On the basis of application, the global epoxy resins market is divided into paints and coatings, electrical and electronics, composites, and others. In terms of volume and revenue, the paints and coatings sector led the application segment, accounting for a 42% market share in 2013.The global epoxy resins market has development opportunities till 2020 owing to the introduction of biobased resins by leading market players. Demand for epoxy resins from end-use industries such as marine, automotive, and building and construction is expected to drive the global epoxy resins market.
Global,Epoxy,Resins,Market,Siz