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Epoxy Resins Paints Market

Epoxy Resins Paints Market - Size, Share, Trends, and Forecast 2019 - 2027<br>

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Epoxy Resins Paints Market

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. EPOXY RESINS PAINTS MARKET ANALYSIS • Epoxy Resins Paints Market - Size, Share, Trends, and Forecast 2019 – 2027 • Epoxy resins fall under the category of reactive prepolymers and polymers containing epoxide group. These versatile compounds are used in orthophthalic and polyester family. These are either low molecular weight pre-polymers or high molecular weight polymers. Epoxy resins react with themselves or with other co-reactants such as phenols, acids, alcohols, polyfunctional amines, and thiols. These find applications in paints and coatings, electrical and electronic components, and structural adhesives manufacturing industries.

  3. Market Dynamics There is increasing demand for epoxy resins in paint and coatings industry, as epoxy-based paints and coatings help in preventing corrosion and rust. This is one of the major factors driving growth of the epoxy resins paints market. According to the CXOs, there is significant growth in demand for epoxy resin in all the regions, owing to its favorable properties and demand in wide area of applications. Also, growth of construction industry due to increase in population and changing lifestyle is expected to drive growth of paints and coating industry, which in turn will increase the demand for epoxy resins in paints.Moreover, it finds application in aircraft industry, owing to its properties such as corrosion, water, and chemical resistant, superior adhesion, thermal stability, durability, and mechanical strength, which is expected to drive growth of the global epoxy resins paints market over the forecast period.However, factors such as fluctuating raw material cost and high price of epoxy is expected to restrain growth of the epoxy resins paints market.

  4. Market Outlook • On the basis of region, the global epoxy resins paints market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific holds dominant position in the global epoxy resins paints market, owing to increasing adoption of epoxy resins in several industries in the region. Growing infrastructure and increasing production of automobiles makes it the leading producer and consumer of epoxy. Also, China held dominant position in the Asia Pacific epoxy resins paints market in terms of production and consumption in 2015. • Europe is one among the major consumers of epoxy resins due to increasing demand from various end-use industries. Moreover, in North America, there is gradual increase in the demand for epoxy resins.

  5. Key Players Some of the major players operating in the global epoxy resins paints market include Momentive Performance Materials, Kukdo Chemical, Huntsman Corporation, The Dow Chemical Company, Atul Ltd, Sika AG, Cytec Industries Incorporation, DuPont, 3M, BASF SE, Aditya Birla Chemicals Ltd, NAMA Chemicals, LEUNA-Harze GmbH, and Spolchemie A.S.

  6. Key Devlopements • Key companies are undertaking various strategic alliances and new product launch in order to remain competitive in the epoxy resins market. For instance, in February 2015, Aditya Birla Chemicals (India), Limited, a leading company in epoxy resins, collaborated with Grasim Industries Limited. • In 2016, BASF expanded its portfolio of UV resins by including five new standard epoxy acrylates to the Laromer EA product line. • In September 2016, Royal DSM established its expanded US$ 5 million research and technology center for DSM Engineering Plastics in the Detroit suburb of Troy, Michigan. • In March 2016, Royal DSM N.V., a leading a life sciences and materials sciences company, launched NeoRez, waterborne and solvent-borne urethane resins that give tough finishing for wooden floors or luxury feel and color enhancement for printed packaging and SoluCote, formulated waterborne polyurethane resins for functional textiles. • In August 2018, BASF and Gustav Grolman GmbH & Co. KG strengthened their exclusive collaboration in Europe, under which Grolman will expand the marketing of the BASF specialty chemicals under the Baxxodur brand to France, Norway, Sweden, Finland and Denmark, specifically for use in epoxy resin based applications.

  7. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Buy Now • Services • Reference: https://www.coherentmarketinsights.com/ongoing-insight/epoxy-resins-paints-market-2862

  8. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

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