TechNavio recognizes the following companies as the key players in the Global Epoxy Resins Market: Nan Ya Plastic Corp., Momentive Performance Materials Holdings LLC, The Dow Chemical Company, Kudko Chemical Co. Ltd., and Huntsman Corp.
Commenting on the report, an analyst from TechNavio’s team said: “The Global Epoxy Resin market is currently witnessing an increase in R&D activities and consequently, product innovation. Many manufacturers are increasingly dedicating considerable resources for the design and development of new epoxy resins and related products. For instance, new epoxy resin formulations offering improved thermal and mechanical characteristics are soon expected to be introduced in the market. Moreover, growing environmental and health concerns have led manufacturers to focus on the development of low VOC-emitting epoxy resins such as powder coatings and water-based epoxy coatings.”
According to the report, one of the major drivers in this market is the growing demand for epoxy resins in emerging economies. The growth of various industrial sectors such as the Paints and Coatings, Adhesives, Electrical/Electronics, Aerospace and Automotive sectors has resulted in increased demand for epoxy resins in these economies.
Further, the report states that one of the major challenges in this market is the increase in the prices of raw materials used in the production of epoxy resins. These raw materials are petroleum-based and therefore, their prices are heavily influenced by the volatility of oil prices.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are BASF SE, Cytec Industries Inc., E. I. du Pont de Nemours and Company, Nama Chemicals Co., and Sika AG.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-epoxy-resins-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report -Global Epoxy Resins Market 2012-2016
