Global Epoxy Resins Market to Reach 1.93 Million Tons by 2015, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Epoxy Resins markets. The global market for Epoxy Resins is forecast to reach 1.93 million tons by the year 2015. Factors such as rising demand from various end use segments including electrical laminate, especially in developing markets, and increasing consumer demand for decorative powder coatings are influencing the market.

Epoxy Resins: A Global Strategic Business Report

The epoxy resins market is influenced by the patterns in GDP growth and is largely susceptible to economic downturns. Further, the course of the automotive and construction/housing sectors impacts the epoxy resins market to a considerable extent. The economic recession across global markets during 2008 and 2009, and the sharp decline in construction and automotive sectors severely impacted the epoxy resins market. Decline in demand for epoxy resins in electrical laminates, and paints and coatings, the two major end-user segments, resulted in significant drop in the overall market. However, the market is likely to recover from the downturn and is poised to gain momentum and register growth in the near term.

Asia-Pacific represents the largest as well as fastest growing regional market for epoxy resins worldwide, as stated by the new market research report on Epoxy Resins. Decline in world economy during 2008 and 2009 and a series of plant maintenance shutdowns adversely impacted the epoxy resins market in Asia-Pacific. In addition, the imposition of credit squeeze by the Chinese government has put pressure on cash flows of local epoxy resin manufacturers, especially in the small-to-medium segment. However, the market is likely to overcome the barriers to demonstrate growth from 2011 onwards.

Paints and Coatings category constitutes the largest end-use segment. For decades, epoxy resins have been successfully used as binders in the paint and coatings industry. Epoxy resins play a significant role in improving flow of coatings due to their relatively low melt viscosity and are widely used in coatings because of their stable adhesion property imparting a long-lasting improvement in appearance as compared to oils. Solvent-based paints and coatings represent the largest category within the paints and coatings end-use segment. However, fastest growth is expected from the Electrical Laminates category, primarily driven by the increasing demand in the Asia-Pacific and other developing markets.

Epoxy resins are one of the most widely used and versatile compounds in the polyester or orthophthalic resins family. The high-performance thermosetting agents are used in diverse applications such as coatings, electrical-electronic laminates, adhesives, flooring and paving applications and composites. Use of epoxy resins in coatings imparts high resistance to chemicals, and provides excellent adhesion, durability, and toughness. The resins find extensive use in diverse applications due to their low shrinkage, low brittleness and high strength characteristics. Epoxy resins, being more resistant to environmental degradation and possessing superior mechanical properties, are the preferred choice for use in aircraft components. Epoxy resin prices are generally stimulated by factors such as demand and supply trend of epoxy variety grade, energy costs, and price trends in the raw material industry. The prices are also influenced by the availability and cost of raw materials such as epichlorohydrin, and Bisphenol-A, which are also used in the manufacture of glycerin and polycarbonates respectively. Other reasons for price variations are technology costs, research and development activities, and environmental regulations.

Major players profiled in the report include 3M Company, Aditya Birla Chemicals (Thailand) Ltd., Air Products and Chemicals Inc., Asahi Kasei Chemicals Corp., Cognis Benelux BV, Dow Epoxy, DuPont EI De Nemours & Co., Emerald Performance Materials LLC, Hexion Specialty Chemicals Inc., Huntsman Corporation, Kukdo Chemical Co. Ltd., Mitsui Chemicals Inc., Nan Ya Plastics Corporation, RBC Industries Inc., Reichhold Inc., Spolchemie A.S., Sumitomo Bakelite Co. Ltd., The Dow Chemical Company, among others.

The report titled “Epoxy Resins: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the epoxy resins markets, impact of recession on the markets, current market trends, competitive scenario, key growth drivers, product overview, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections in volume terms for the following geographic markets – US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Key end-use segments analyzed include Paints and Coatings (Solvent-Based, Water-Based, and Powder Coatings), Electrical Laminates, Bonding, Flooring & Paving, and Miscellaneous. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Epoxy_Resins_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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