Epoxy Resins Market Size Will Grow To $12.10 Billion By 2022: Grand View Research, Inc.

Increasing demand for paints & coatings on account of growing construction and automotive industries is expected to drive global epoxy resin market over the forecast period.


San Francisco, Aug. 26, 2015 (GLOBE NEWSWIRE) -- The global epoxy resins market is expected to reach USD 12.10 billion by 2022, according to a new report by Grand View Research, Inc. Increasing demand for paints & coatings on account of growing construction and automotive industries is expected to drive global epoxy resin market over the forecast period.

Extensive application base across various end-use industries has affected the market growth and this trend is expected to continue over the forecast period. Epoxy resin has been gaining demand across various industrial applications such as aerospace, electrical & electronic laminates, construction, transportation, powder coatings, composites and marine coatings.

Browse to access In-depth research report on Global Epoxy Resins Market with detailed charts and figures:  http://www.grandviewresearch.com/industry-analysis/epoxy-resins-market

Paints & coatings was the largest application segment accounting for over 40% of global market in 2014. High automotive coating demand, on account of increasing automobile production, is expected to drive this segment over the forecast period. Composites are expected to witness the highest growth of 7.3% from 2015 to 2022. Growing demand for light weight, high performance materials particularly in automotive industry is expected to drive this segment over the next seven years.

Get more insights about the Global Epoxy Resins Market or request for sample of this research report:  http://www.grandviewresearch.com/industry-analysis/epoxy-resins-market

Further key findings from the study suggest:

  • Global epoxy resins market size was 2.49 million tons in 2014 and is expected to grow at a CAGR of 6.6% from 2015 to 2022.
  • Asia Pacific epoxy resins market accounted for over 60% of total consumption in 2014. The regional industry is characterized by rapid industrialization as result of favorable government policies such as financial incentives and tax benefits prompting private investment in the region. China is a major epoxy resin consumers and accounted for approximately 70% of the regional demand in 2014.
  • Asia Pacific is also expected to witness the highest growth of 7.2% from 2015 to 2022. Increasing construction spending in India, China and Indonesia has prompted the need for paints & coatings which has propelled the demand for epoxy resins in the region.
  • The industry is moderately concentrated with top five companies accounting for over 50% of global epoxy market share in 2014. Major companies operating globally include Nan Ya Plastic Corporation, The Dow Chemical Company, Sanmu Group, Hexion Speciality Chemicals Inc. and Kukdo Chemical. 

Browse related reports by Grand View Research:

Grand View Research has segmented the global epoxy resin market on the basis of product and region: 

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

  • Paints & Coatings
  • Wind Turbine
  • Composites
  • Construction
  • Electrical & Electronics
  • Adhesives
  • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

  • North America
    • U.S.
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
    • Taiwan
    • Korea
  • Central & South America
  • Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:

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Grand View Research, Inc

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

email: sales@grandviewresearch.com

Web: www.grandviewresearch.com

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