Global high temperature epoxy resins market to grow at 7+% CAGR 2017-2022
Global high temperature epoxy resins market is expected to flourish at a CAGR of 7.1% from 2017-2025 Japan, China, South Korea and Taiwan to Drive the Asian market
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The report on the global Global high temperature epoxy resins market is a complete overview of the market, covering various aspects product definition, segmentation based on various parameters, and the prevailing vendor landscape. It compiles in-depth information and research methodologies. It is also combined with relevant charts and tables to enable readers to get a better perspective of this global market.
The high temperature epoxy resins are used wherever high temperature resistance is required. The raw materials for epoxy resin production are petroleum derived, although some plant derived sources are now commercially available. They are also known as polyepoxides.
Based on its temperature range, the global high temperature epoxy resins market is segmented into
Up to 180 Degrees, Greater than 180 Degrees
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The high temperature epoxy resins consists of HDT of 180°C. Due to such HDT, the high temperature epoxy resins offers better clarity, exceptional wetting characteristics and low viscosity when used with aramid fiber and carbon fiber; also has radiation, electrical and chemical resistance. As established, up to 180 degree epoxy resin product accounted for major share of global high temperature epoxy resins market in 2016.
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By its application type, the global high temperature epoxy resins market is segmented into adhesives & sealants, composites, paints & coatings, construction, electrical & electronics, and others. The growing demand from these applications is expected to drive the global market in the forecast period. It is very useful in strain gauges, ultra-thin bond lines, coating and bonding critical electronic components, sealing and protecting porous materials and others. From all the given applications paints & coatings application stood as the largest and fastest growing application segment in the high temperature epoxy resins market in 2016 and is expected to experience growth in the near future. The main advantage of high temperature epoxy resins are adhesion of plastics, metals, glass and ceramics, high bond strength, low moisture absorption, low shrinkage and high temperature stability. They are good electrical insulators and protect electrical components from moisture, dust and short circuiting. Generally, epoxies are stronger compared to other resins and brittle than polyster. Epoxies are used for Powder Coatings, Coil and Can Coating, Marine and Industrial Coatings, Automotive Coatings
Besides its high demand in the market, few of its disadvantages are the use of chemicals in epoxy resin which affects the health when it comes in contact to the skin. It also causes irritation of nose, eyes, skin, throat, skin allergies and it may cause asthma too. These factors are expected to restrain the growth of the market worldwide.
This market has great opportunities in the industries like transportation, marine, pipe & tank, construction and consumer goods. Global high temperature epoxy resins market is expected to flourish at a CAGR of 7.1% during the forecast period.
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Divided by regions, the Global high temperature epoxy resins market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia Pacific accounted for major share of global high temperature epoxy resins market in 2016 and is expected to increase in the near future. Asia Pacific is among the fastest growing market for high temperature epoxy resin. Also in developing countries like Japan, China, South Korea and Taiwan the demand for them is way high. The increasing growth for this product is due to vast developed and developing economies, growing population, government steps to promote industrial growth and favorable investment policies. Therefore, this market is expected to face significant growth in the forecast period.
This report covers a complete analysis of the competitive landscape of the global high temperature epoxy resins market. It includes company profiles of some of the key market players such as BASE SE, Hexion Inc., Huntsman Corporation, Kukdo Chemical Co. Ltd., Nan Ya Plastics Corporation, Olin Corporation, Sinopec Corporation, and The 3M Company.
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Posted by
Rasraj Das
on Friday April 07 2017, 4:32 AM EDT.
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