Global Epoxy Resin Market: Demand Analysis and Growth Forecast
Technological advancements have enabled the development of sustainable architectural countertops and surfaces manufactured from composite blends of recycled glass and epoxies as well as other usually wasted post-consumer materials. With the usage of innovative technologies, nearly 90 percent materials that are recycled can be composed and used by builders to achieve Leadership in Energy and Environmental Design (LEED) credits.
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(2018 - 2023)
Epoxy resins are the basic ingredients for the manufacturing of adhesive, paints, coating, primers and sealers, which increases demand for epoxy resins market in building and construction application. The growing usage of these in wide array of consumer and industrial applications is because of its key attributes of toughness, strong adhesion, and chemical resistance. A fresh Industry ARC report projects profitable projection in the global epoxy resins market through market analysis and market outlook during the forecast period of 2018-2023.
Global Epoxy Resin Market: Competitive Landscape
Huntsman, Aditya Birla chemicals, and Ciech S.A. are the some of the major players operating in the epoxy resin market. Ciech S.A. is the only producer of epoxy resins in Poland, producing solid epoxy resins for the powder paints, which are widely used in the production of metal elements exposed to adverse conditions, such as protection of pipes, valves, tanks and tools and car parts. They provide excellent mechanical strength and also high resistance to aggressive chemicals. These resins produce highly aesthetic coatings in the production of home appliances, steel furniture, bicycle, and toys.
On the other hand, Huntsman designed cycloaliphatic epoxy resins are widely used in indoor and outdoor applications such as medium-to-high voltage electrical insulation. Huntsman is a reputed players in the global epoxy resin market and its products are designed for the downstream users who needs high-temperature resistance and UV resistance. Huntsman toughened epoxy resins improve the properties of standard epoxy resin systems, which are well-suited for formulators working with adhesives, composites and so on.
Additionally, Aditya Birla Chemicals markets its epoxy products under the brand name of Epotec. They manufacture high stability waterborne epoxy resins, which offers excellent dilution efficiency. Aditya Birla Chemicals (Thailand) Limited manufactures a wide range of waterborne epoxy resins, which exhibit high stability and excellent dilution efficiency. The waterborne epoxy resins offer different functionalities for a variety of applications.
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Epoxy resins are used in the manufacturing of adhesives, paints, coating, and sealers. The extensive adoption of these resins in the building and construction applications are the key factors expected to propel the epoxy resin market in the near future.
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