Epoxy Resin at need protection in extreme and hazardous environments like engine management Cheap Sam Reinhart Jersey , deep sea, and chemical plant equipment due to the properties like high mechanical and physical strength, excellent dimensional stability, good dielectric properties, and more. They also have applications in keeping switches, generators, motors and transformers clean Cheap Johan Larsson Jersey , dry and free of shots.
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Moreover, the growing consumption rate of electronic and electrical equipment on a commercial scale in emerging economies like China & India is predicted to drive epoxy resin industry. Epoxy resins have also created strong presence in paints & coating industry. They offer two major advantages that comprise protection and decoration. Several industries make use of paints & coatings for different purposes. They can be stated as primer tie coats, abrasion resistant coating, anti-corrosive primers, heat & fire resistant and chemical coatings.
In the same way, epoxy sealants and floor paints are other items that can be used as coatings on the floor to make it durable and decorative. Residential sector is consistently progressing with improved construction in Europe. Despite multiple properties of epoxy resins like superior adhesion, chemical& water Cheap Kyle Okposo Jersey , and corrosion resistant, durability, etc. high cost and fluctuating raw material could easily obstruct the growth of epoxy resins market.
Epoxy resin industry is categorized on the basis of type, technology, application and geography. On the basis of type, epoxy resin market is divided into glycidyl epoxy and non-glycidyl epoxy. Glycidyl epoxy is expected to lead the epoxy resins industry due to its increasing use in powder coating applications. Based on technology, the industry is divided into liquid epoxy Cheap Jake McCabe Jersey , solvent cut epoxy, waterborne epoxy, and others. Owing to the increasing use of waterborne epoxy in powder application, it is predicted to lead the market in the coming years.
In terms of application, epoxy resin market is split into building & construction, electrical & electronics, adhesives & sealants Cheap Jason Pominville Jersey , automotive & transportation, marine, and others. Due to the speedy development and growing infrastructure, building and construction segment is expected to flourish the market in future.
Geographically, the market is segmented as North America, Latin America, Europe Cheap Jack Eichel Jersey , Asia Pacific, and Middle East & Africa. Due to the spurring demand for the product and rapid industrialization in the emerging regions, Asia Pacific is predicted to dominate the industry in the years to come. The prominent players in epoxy resin industry comprise Cytec Solvay Group., BASF SE, Hexion Inc., E I DuPont de Nemours and Company, 3M Company Cheap Evander Kane Jersey , Dow Chemical Company, Kukdo Chemicals, Nan Ya Plastics Corporation, Olin Corporation, and Huntsman Corporation.
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Market Segment:
Global Epoxy Resins Application Outlook (Volume, Kilo Ton; Revenue, USD Million Cheap Buffalo Sabres Hats , 2013 – 2024) 鈥?Paints & coatings 鈥?Wind turbine 鈥?Composites 鈥?Construction 鈥?Electrical & electronics 鈥?Adhesives 鈥?Others
Global Epoxy Resins Regional Outlook (Volume, Kilo Ton; Revenue, USD Million, 2013 – 2024) 鈥?North America 鈥?U.S. 鈥?Europe 鈥?Germany 鈥?UK 鈥?France 鈥?Asia Pacific 鈥?China 鈥?India 鈥?Japan 鈥?Taiwan 鈥?Korea 鈥?Middle East and Africa 鈥?Central and South America
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