Industry News

Global Industry Analysts, Inc. Predicts Growth in Epoxy Resins Market

Published on 2010-10-08. Author : SpecialChem

The Global Industry Analysts, Inc. (GIA) has conducted a study on Epoxy Resins and concluded that the global market for Epoxy Resins will grow and reach 1.93 million tons by the year 2015. In the report titled "Epoxy Resins: A Global Strategic Business Report", GIA addresses various important topics such as automotive, construction/housing sectors, electrical laminate and paints and coatings.

Asia-Pacific is the largest and fastest growing regional market for epoxy resins. Due to recession during the past couple of years, and a series of plant maintenance shutdowns had affected the epoxy resins market in Asia-Pacific. The epoxy market is affected by pattern in GDP. The demand from the paints and coatings industry also declined which is the largest user of epoxy resin and also the demand from the other major user i.e. electrical laminates decreased. It affected the market adversely. But the market is expected to grow fast in the future as the demand is increasing.

The factors like low shrinkage, low brittleness and high strength, add to its usage in various applications. And which indicates a growth in the market.

The price of the resin depends on factors technology cost, environmental regulations, research activities availability and cost of raw materials.

The report reviews the epoxy resin market and also gives a summary on how the recession has affected the market. It looks at the the current market trends and the major factors affecting the growth are also analyzed. The report projects the expected annual sales for major markets and countries

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world´úęs largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Source: Specialchem Editorial Team
Based on information displayed on http://www.prweb.com/releases/epoxy_resins/rigid_flexible/prweb4570544.htm

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