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Adhesive Epoxy Market worth 9.96 Billion USD by 2020: MarketsandMarkets

Published on 2016-04-08. Author : SpecialChem

The report "Adhesive, Composite, and Coating Epoxy Market by Resin Type (Liquid, Solid & Solution), Application (Construction, Automotive & transportation, Electrical & electronics, General industrial, Wind, Marine, Aerospace, Consumer goods & Others), and Region - Global Forecasts to 2020", The global adhesive, composite, and coating epoxy market is projected to reach USD 9.96 Billion by 2020 registering a CAGR of 5.8% between 2015 and 2020. The major driver identified for the market is growing demand from end-use industries such as automotive & transportation, construction, aerospace, and wind energy. Stiff competition in the epoxy resin industry led by huge demand across global end users is forcing the manufacturers to adopt various strategies to lead the epoxy resin market.

Fig. 1: MarketsandMarkets

Liquid, the largest resin type for epoxy resin

Liquid epoxy resins account for the largest market share because of their huge acceptance for usage among diverse applications coatings, adhesives, and composites. Also, these resins do not release any toxic fumes, which make them environmentally safe. This feature makes epoxy resin compliant with the environmental regulations in North-America and Europe, driving the demand in these regions.

Asia-Pacific is the largest market for epoxy resin, both in terms of volume and value, followed by Europe and North America. The continuous rise in manufacturing of epoxy resin products for use within the region and for exports drives the demand for epoxy resin. The increasing demand, rising population, and growing end-use industries have led to innovation and development in the end-use industries, making it a strong application industry hub, globally.

The key players in this market are Olin Corporation (U.S.), Nan Ya Plastics Corporations (Taiwan), Kukdo Chemical Co. Ltd. (Korea), Hexion Inc. (U.S.), Chang Chun Plastics Ltd. (Taiwan), Huntsman Corporation (U.S.), BASF SE (Germany), 3M (U.S.), Mitsubishi Chemical Corp. (Japan), Atul Ltd. (India), Sinopec Corp. (China), and Aditya Birla Chemical (Thailand), among others.

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. MarketsandMarkets specializes in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. M&M’s 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

Source: MarketsandMarkets

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