EPOXYRESIN MARKET2022-2028
MARKETDEFINITION EpoxyResinMarketisexceptedtoreachUSD36.93billionby2028,withaCAGRof7% duringtheforecastperiod2022to2028 Epoxyresinisalsoextremelymalleableandadaptable.Thesearesomeofthereasonswhy epoxyresinisusedintransportationandotherindustries.Epoxyresinisathermosetting polymerthatismadebycopolymerizinganepoxidewithamoleculethathastwohydroxyl groups.Highthermalstability,Corrosionresistance,superiormechanicalstrength,prolonged durability,remarkabletoughness,chemicalandmoistureresistance,andexceptional adhesionaresomeofthefeaturesthatmaketheseresinsstandoutinavarietyofindustrial applications.Epoxyresinsareusedinavarietyofsectors,includingpaintsandcoatings, adhesives,composites,andelectronicencapsulation.
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MarketDynamics •Paints,ontheotherhand,aren'tsothickthattheyKcan'tbesmearedoversurfaces! EYDRIVERS •Epoxyresinismadefromessentiallycommoditygraderawmaterials •Thepricesofthesegoodsfluctuatewidelyandon adailybasis.Asaresult,thecostofproducing epoxyresinsrises,asdoesthefinalpriceofthese items. RESTRAINTS •Manufacturersofdefenceplanes,vehicles,and equipmentallacrosstheworldcanalready employavarietyofalternativeresins OPPORTUNITY
MARKETSEGMENTATION BYPhysicalForm ØSolid ØLiquid ØSolution ByType ØDGBEA(bisphenolA&ECH) ØDGBEF(bisphenolF&ECH) ØNovolac(formaldehyde& phenols) ØAliphatic(aliphaticalcohols) ØGlycidylamine(aromatic amines&ECH) ØOthers
MARKETSEGMENTATION ByApplication ØPaints&Coatings ØAdhesives&sealants ØComposites ØElectronicEncapsulation& Others ØOthers ByEndUseIndustry ØBuilding&construction ØTransportation ØGeneralindustrial ØConsumergoods ØWindenergy ØAerospace ØMarine
MARKETPLAYERS KurarayCo.Ltd TeijinLimited MayurUniquoters Limited FilwelCo.Ltd
COMPETITIVELANDSCAPE ØKurarayCo.Ltd ØTeijinLimited ØMayurUniquotersLimited ØFilwelCo.Ltd ØAlfatexN.V ØYantaiWanhuaEpoxyResinGroup Co.Ltd
REGIONALCOVERAGE Global North America Europe APAC Middle East Africa Latin America
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