DUBLIN, Sept. 12, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Epoxy Resins Market for Paints & Coatings, Wind Energy, Composites, Construction, Electrical & Electronics, Adhesives and Other Applications - Trends and Forecast, 2014 - 2020" report to their offering.
Epoxy resins are thermosetting polymers of the epoxide functional group. The curing process is carried out by curing agents, heat or ultraviolet light. In terms of application, the epoxy resins market can be segmented into paints & coatings, wind energy, composites, construction, electrical & electronics, adhesives and others. The market has been analyzed on the global as well as regional level. Regionally, the market has been segmented into North America, Europe, China, Rest of Asia Pacific and Rest of the World.
The rising demand for epoxy resins from the paints & coatings industry is anticipated to boost the global epoxy resins market. Building & construction applications have been driving the market for paints & coatings in Asia Pacific. Increasing demand for epoxy resins-based composites from aerospace and wind energy industries is further boosting the global epoxy resins market. However, high demand for raw materials such as bisphenol A from other applications is expected to hamper market growth. Furthermore, volatility in prices of raw materials is likely to act as a major restraining factor for the epoxy resins market. Shift towards bio-based epoxy resins is estimated to offer higher opportunities for players in the market in the next few years.
In terms of volume and revenue, paints & coatings application emerged as the largest application segment for the global epoxy resins market in 2013. This segment accounted for over 42% of the epoxy resins market in 2013 and is projected to remain the largest application in the near future. Rising global demand for paints and coatings with enhanced properties is expected to drive the paints and coatings application. Major end-user industries for paints & coatings application segment include automotive, building & construction and marine. In 2013, electrical & electronics application emerged as the second-largest and is expected to be fastest growing segment during the forecast period.
Printed circuit boards constitute the largest portion of the electrical & electronics application segment. Epoxy resins are used in the manufacture of electrical laminates for insulators, motors, generators and switchgears. Usage of epoxy resins-based composites in aerospace reduces the weight of an aircraft. This, in turn, lowers CO2 emissions through decrease in fuel consumption. Under wind energy application, epoxy resins are used in designing aerodynamically efficient blades to improve the efficiency of electricity generation. Demand for epoxy resins in composites and wind energy application is driven by governmental regulations regarding CO2 emissions.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Epoxy Resins - Industry Analysis
Chapter 4 Epoxy Resins market - Application Analysis
Chapter 5 Epoxy Resins Market - Regional Analysis
Chapter 6 Company Profiles
- 3M Company
- Aditya Birla Chemicals Ltd (Thailand)
- BASF SE
- Huntsman Corporation
- Kukdo Chemical Ltd.
- Momentive Specialty Chemicals Inc.
- NAMA Chemicals
- Nan Ya Plastics Corporation
- The Dow Chemical Company
For more information visit http://www.researchandmarkets.com/research/vfpzlz/epoxy_resins
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SOURCE Research and Markets