Published by Coherent Market Insights
Posted on September 14, 2021
Epoxy resin is a polymer produced by copolymerization of an epoxide with a compound that consists of two hydroxyl groups. Epoxy resin is high-performance resins that have excellent properties such as high thermal stability, resistance to corrosion, high mechanical strength, durability, and superior adhesion. Epoxy resin is majorly used across adhesive, paints &coatings, and electronic encapsulation applications.
The global epoxy resins market is projected to surpass US$ 5,834.41 million by the end of 2027, in terms of revenue, growing at CAGR of 6.6% during the forecast period (2020 to 2027)
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Drivers
Growing demand for paints &coating is a prime factor fueling the market growth of the epoxy resin. Epoxy resin-based products exhibit quick dry property and provide excellent coatings for the construction industry. Epoxy resin-based paints are widely used across concrete floor paint, floor paint, and epoxy primers. They prevent corrosion and rust on the surfaces. These coatings are used in primers for improving adhesion of automotive and marine components. Thus, growing demand for paints &coatings is expected to foster the market growth of the epoxy resins.
Market Opportunities
Increasing use of wind turbines for power generation due to growing concern over the depleting of conventional sources is projected to offer potential opportunities in the market. Also, the growing use of epoxy resins in ship repairs and maintenance of various components such as decks, ballast tanks, topsides, underwater hulls, superstructures, and cargo tanks is again propelling the market growth.
Market Trends
Shifting preferences of the manufacturer towards increasing production capacity of modifiers for epoxy resins is expected to escalate the market growth. For instance, in February 2019, Kaneka Corporation has announced its plan to expand the production facilities of the modifiers for epoxy resins in Takasago Manufacturing Site. Kaneka intends to expand its business by doubling its production capacity with the investment of around 1.6 billion yen.
Hurry Up…and Get a 2000$ Discount On a Price…!!!: https://www.coherentmarketinsights.com/insight/request-discount/4380
Few Recent Developments
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Mr. Shah
Coherent Market Insights
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#3200
Seattle, WA 98154
Tel: +1-206-701-6702
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The post Epoxy Resin Market Is Projected To Expand At A Cagr Of 6.6%% From 2020 To 2027 appeared first on Gatorledger.
Epoxy resin is a polymer produced by copolymerization of an epoxide with a compound that consists of two hydroxyl groups. Epoxy resin is high-performance resins that have excellent properties such as high thermal stability, resistance to corrosion, high mechanical strength, durability, and superior adhesion. Epoxy resin is majorly used across adhesive, paints &coatings, and electronic encapsulation applications.
The global epoxy resins market is projected to surpass US$ 5,834.41 million by the end of 2027, in terms of revenue, growing at CAGR of 6.6% during the forecast period (2020 to 2027)
To Remain ‘Ahead Of Your Competitors, Request For A Sample: https://www.coherentmarketinsights.com/insight/request-sample/4380
Drivers
Growing demand for paints &coating is a prime factor fueling the market growth of the epoxy resin. Epoxy resin-based products exhibit quick dry property and provide excellent coatings for the construction industry. Epoxy resin-based paints are widely used across concrete floor paint, floor paint, and epoxy primers. They prevent corrosion and rust on the surfaces. These coatings are used in primers for improving adhesion of automotive and marine components. Thus, growing demand for paints &coatings is expected to foster the market growth of the epoxy resins.
Market Opportunities
Increasing use of wind turbines for power generation due to growing concern over the depleting of conventional sources is projected to offer potential opportunities in the market. Also, the growing use of epoxy resins in ship repairs and maintenance of various components such as decks, ballast tanks, topsides, underwater hulls, superstructures, and cargo tanks is again propelling the market growth.
Market Trends
Shifting preferences of the manufacturer towards increasing production capacity of modifiers for epoxy resins is expected to escalate the market growth. For instance, in February 2019, Kaneka Corporation has announced its plan to expand the production facilities of the modifiers for epoxy resins in Takasago Manufacturing Site. Kaneka intends to expand its business by doubling its production capacity with the investment of around 1.6 billion yen.
Hurry Up…and Get a 2000$ Discount On a Price…!!!: https://www.coherentmarketinsights.com/insight/request-discount/4380
Few Recent Developments
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Epoxy Resin Market Is Projected To Expand At A Cagr Of 6.6%% From 2020 To 2027 appeared first on Gatorledger.
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