Epoxy Market To Grow In Near Future And Boosting the Market - Scalar Market Research

Epoxy composite has been widely used for manufacturing aerospace and automotive industries applications due to particular mechanical and physical properties such as high specific strength and high specific stiffness. Another important application for Epoxy composite is in the electronic industry, in which they are used for producing printed wiring boards. Composite epoxy materials (CEM) are a group of composite materials typically made from woven glass fabric surfaces and non-woven glass core combined with epoxy synthetic resin. They are typically used in printed circuit boards. Epoxy composite is low-cost, flame-retardant, cellulose-paper-based laminate with only one layer of woven glass fabric. Major end users industries for epoxy composite are automotive, transportation, aerospace & defense, sporting goods, electronics industry, construction industries, and others.

The report on the global Epoxy market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

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KEY PREMIUM INDUSTRY INSIGHTS

Growing end-use industries including transportation, marine coatings, aerospace, electrical & electronic laminates, composites and decorative powder coatings are expected to augment the global epoxy resins demand. This trend is anticipated to continue over the forecast period as a result of increased infrastructure and automotive demand.

Favorable properties such as high thermal stability, mechanical strength, moisture resistivity, and adhesion, electrical, mechanical and heat resistance make epoxy resins suitable for various end-use applications such as laminates, jewelry, insulators and industrial applications.

Increased R&D coupled with technology advancement in the field of modified resins is expected to create new avenues for industrial applications. Global demand is fueled by increased wind energy capacity installation due to rapid depletion of conventional sources of energy.

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KEY MARKET PLAYERS

Key players in the epoxy market include:

Olin Corporation, Nan Ya Plastics Corporation, MnM View, Hexion Inc, Kukdo Chemical Co. Ltd, Chang Chun Plastics Co. Ltd, 3M Company, Aditya Birla Chemicals, BASF SE, Huntsman Corporation.

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