Epoxy Resin Market worth $9.2 Billion by 2019

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MarketsandMarkets Presents
Epoxy Resin Market worth 9.2 Billion by 2019

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oxy-resins-market-762.html
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The report "Epoxy Resin market by Application
(Coatings, Electronics, Construction, Wind
Turbine, Composites, and Adhesives) and Geography
- Trends Forecast to 2019 defines and segments
the epoxy resins market with an analysis and
forecasting of the market size in terms of volume
and value. The market of epoxy resin is projected
to grow from an estimated 5,995.8 million in
2013 to 9,219.1 million by 2019, with a CAGR of
7.4 between 2014 and 2019. Browse gtgt
80 data tables 63
figures 171 slides and
in-depth TOC on Epoxy Resin market
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Epoxy resins are thermosetting polymers and
known for their high-quality performance in
different industrial applications for corrosion
protection, thermal stability, mechanical
strength, moisture resistivity, adhesion, and so
on. The epoxy resins market is very well
correlated to its end-user application industrys
growth and its widening reach in industrial
applications. Bisphenol A and Epichlorohydrin
are major raw materials in the production of
epoxy resins, and any change in the demand and
supply of these raw materials could have a major
impact on the epoxy resin industry. However, due
to rising health concerns related to BPA, it is
being substituted by other chemical compounds
such as bisphenol F in some applications.
Although, paints coatings is the largest
application of the resin, the growing demand of
the resin in the wind turbine application is
expected to become the fastest-growing market.
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oxy-resins-market-762.html
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According to the estimates, the Asia-Pacific
region led the market for phthalic anhydride with
57.0 share by volume at the global level in
2013, followed by Europe (20.6), North America
(17.0), and Rest of the World (5.3). Around
36.0 of the resin was estimated to be consumed
for paints coatings in 2013. For electrical
electronics and construction applications, the
estimated share were 22.5 and 9.2
respectively. The growth of the epoxy resin
market has been studied through in-depth analysis
of important factors that drive the market such
as growth in the end-user industry, growing wind
energy capacity installation with opportunities
in green and sustainable epoxies, and growing
demand for it in the aerospace industry. However,
slow growth in the European and mature markets of
the U.S. and Japan are proving to be the
important restraining factors for the market.
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oxy-resins-market-762.html
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