Adhesive, Composite, and Coating Epoxy Market worth 9.96 Bn USD by 2020

Tuesday 12 April 2016, Amsterdam

The report, now available on ASDReports, "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.

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.