Research and Markets - Global Epoxy Resins Market 2016-2022 - $12.15 Billion Opportunity Analysis With Hexion Speciality Chemicals, Dow Chemical, Nan Ya Plastic, Kukdo Chemical, DuPont, BASF, Huntsman Corporation and Sanmu Dominating
The global epoxy resins market is estimated to reach $12.15 billion by 2022 and is expected to grow at CAGR of 9.6% during 2016-2022
The Epoxy resins market is segmented on the basis of application and geography. The application segment is further segmented into adhesives, composites, construction, electrical & electronics, other applications, paints & coatings, wind turbine. The composites material application is the fastest growing segment which is estimated to grow with a CAGR of 7.5% in the forecast period 2016-2022. The rising demand for lightweight materials in aviation and automotive industry is expected to give robust growth in the global epoxy resins market. Paint & coatings segment is the largest segment and is anticipated to dominate the market in the forecast period.
The epoxy resins market is dominated by some of the major key players such Hexion Speciality Chemicals Inc., Dow Chemical, Nan Ya Plastic Corporation, Kukdo Chemical, DuPont, BASF, Huntsman Corporation and Sanmu Group. All these market players account to 35% of the share in the global epoxy resins market.
The developing global wind energy is increasing the scope of epoxy resins in global market. The increasing demand for green energy has increased the demand of wind turbines in the global market. The increasing use of epoxy resins in the coatings for wind turbines as increased the market share. The paints and coatings segment is also expected to boost the growth of the epoxy resins in the global market. The growing use of epoxy resins in paints and coatings industry is giving the robust growth in the global epoxy resins market.
Asia Pacific is dominating the market with the largest share in the global epoxy resins market. The growth is majorly driven by the growth of paints & coatings industry and composites industry in the Aisa Pacific region. Asia Pacific accounted for 62% of global epoxy resin consumption in 2014 and is also anticipated to witness robust growth between other regions in the forecast period. Hasty infrastructure development combined with cumulative automobile production is projected to increase the growth in regional industry. In 2014, North American market accounted for $1 billion.
Key Topics Covered:
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Geographical Analysis
6. Company Profiling: - (Over, SCOT Analysis, Strategic Review)