The global epoxy resins market is
expected to reach USD 12.10 billion by 2022, according to a new report by Grand
View Research, Inc. Increasing demand for paints & coatings on account of
growing construction and automotive industries is expected to drive global
epoxy resin market over the forecast period.
Extensive application base across various end-use
industries has affected the market growth and this trend is expected to
continue over the forecast period. Epoxy resin has been gaining demand across
various industrial applications such as aerospace, electrical & electronic
laminates, construction, transportation, powder coatings, composites and marine
coatings.
Paints & coatings was the largest application
segment accounting for over 40% of global market in 2014. High automotive
coating demand, on account of increasing automobile production, is expected to
drive this segment over the forecast period. Composites are expected to witness
the highest growth of 7.3% from 2015 to 2022. Growing demand for light weight,
high performance materials particularly in automotive industry is expected to
drive this segment over the next seven years.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/epoxy-resins-market
Further key findings from the study
suggest:
- Global epoxy resins market size was 2.49 million tons in 2014 and is expected to grow at a CAGR of 6.6% from 2015 to 2022.
- Asia Pacific epoxy resins market accounted for over 60% of total consumption in 2014. The regional industry is characterized by rapid industrialization as result of favorable government policies such as financial incentives and tax benefits prompting private investment in the region. China is a major epoxy resin consumers and accounted for approximately 70% of the regional demand in 2014.
- Asia Pacific is also expected to witness the highest growth of 7.2% from 2015 to 2022. Increasing construction spending in India, China and Indonesia has prompted the need for paints & coatings which has propelled the demand for epoxy resins in the region.
- The industry is moderately concentrated with top five companies accounting for over 50% of global epoxy market share in 2014. Major companies operating globally include Nan Ya Plastic Corporation, The Dow Chemical Company, Sanmu Group, Hexion Speciality Chemicals Inc. and Kukdo Chemical.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the global
epoxy resin market on the basis of product and region:
Application Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2012 - 2022)
- Paints & Coatings
- Wind Turbine
- Composites
- Construction
- Electrical & Electronics
- Adhesives
- Others
Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2012 - 2022)
- North America
- U.S.
- Europe
- Germany
- France
- UK
- Asia Pacific
- China
- India
- Japan
- Taiwan
- Korea
- Central & South America
- Middle East & Africa
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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