Epoxy Resin Market Expected to Collect 8.77 Billion USD by 2021
[179 Pages Report] The Global Epoxy Resin Market size was USD 6.31 billion in 2015 and is projected to reach USD 8.77 billion by 2021, at a CAGR of 5.77% during the forecast period. The growth of the market is triggered by high growth in various end-use industries such as building & construction, automotive, large & heavy vehicles and railroads, general industrial, consumer goods (including sporting equipment), wind energy, aerospace, and marine... The epoxy resin market is segmented on the basis of physical form, application, end-use industry, and region.
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Target Audience:
- Manufacturers of epoxy resin materials
- Epoxy resins product fabricators
- Manufacturers in end-use industries such as industrial, consumer, and transportation
- Traders, distributors, and suppliers of epoxy resins
- Regional manufacturers' associations and general epoxy resin associations
- Government and regional agencies and research organizations
The key players in this market are Olin Corporation (U.S.), Nan Ya Plastics Corporation (Taiwan), Huntsman Corporation (U.S.), Hexion Inc. (U.S.), Kukdo Chemical Co. Ltd. (South Korea), Chang Chung Plastics Co. Ltd. (Taiwan), Aditya Birla Chemicals (Thailand), the 3M Company (U.S.), BASF SE (Germany), and Sinopec Corporation (China Olin Corporation (U.S.). These companies are expanding their epoxy resin business through innovations in products and increasing their market reach.
Asia-Pacific is projected to register the highest CAGR between 2016 and 2021. The growth is associated with increasing investment in industries. Moreover, most of the emerging economies are located in this region.
Composite materials combine dissimilar properties which help cater to the needs of various end-use industries. With the increasing use of composites, the demand for epoxy resin is growing. Aerospace is the fastest-growing end-use industry for epoxy resin due to increasing infrastructural investment in the sector. It would also provide new opportunities for composites application of epoxy resin.
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