SAN FRANCISCO, August 19, 2015 /PRNewswire/ --
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.
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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.
Browse full research report with TOC on "Epoxy Resins Market Analysis By Application (Paints & Coatings, Electrical & Electronics, Building & Construction, Wind Energy, Adhesives) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/epoxy-resins-market
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.
Further key findings from the report suggest:
Grand View Research has segmented the global epoxy resin market on the basis of product and region:
Browse related reports by Grand View Research:
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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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