Key Players in the Asia-Pacific Epoxy Resins Market The Dow Chemical Company (U.S.), Momentive Performance Materials Holdings LLC (U.S.), Nan Ya Plastics Corporation (Taiwan), Kukdo Chemical
(PRWEB) October 12, 2014
The Asia-Pacific Epoxy Resins Market report defines and segments the epoxy resins market in Asia-Pacific with analysis and forecast of revenue. The given market is projected to reach a value of $4,882.07 million by 2017, at a CAGR of 7.8% from 2012 to 2017.
Browse through the TOC of the Asia-Pacific Epoxy Resins Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the concerned market, and is supported by various tables and figures.
Epoxy resin is one of the most successful chemicals in the plastic products segment. Its changeable physical states, cross-linking properties with curing agents, and so on, benefit it as a maker of a wide range of materials, with unique mix of properties. Epoxy resins have penetration in almost all important industries, such as paints, coatings, adhesives, building & construction, wind turbines, composites, and electrical & electronics, among others. Paints and coatings are the primary applications, in terms of utilization of epoxy resins. Formulated or specialty epoxies are modified epoxies, produced for industry applications that demand additional qualities such as flame retardancy; more weather, thermal, and chemical resistivity; high adhesion & strength; and so on.
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The Asia-Pacific region is the largest market for epoxy resins globally, and continues to drive the global economic recovery through high private consumption and foreign investments. The countries in the region include China, India, Japan, Taiwan, and South Korea.
The presence of technologically advanced economies such as Japan and South Korea, supported by strong domestic consumption, solid investment inflows, and higher export numbers in the region, are expected to be the major drivers for the growth of the epoxy resins market in the Asia-Pacific region. Asia-Pacific’s growing demand for energy and basic materials is expected to propel the region to increase production of metals, chemicals, and paper, where the processes involve extensive use of epoxy resins. The electrical & electronics segment has grown rapidly in the region, which has also increased the demand for epoxy resins in recent times. The epoxy resins market in Asia-Pacific is projected to grow significantly in the coming years, owing to the increasing infrastructure expenditure in the region.
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The report covers the Asia-Pacific epoxy resins market, which is segmented on the basis of application and geography. In the Asia-Pacific region, epoxy resins are applied in adhesive, paints & coatings, building & construction, wind turbines, composites, and electrical & electronics, among others.
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