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Epoxy Resin Market is estimated to reach USD 10,620.5 million till 2023, expanding at a CAGR of 5.24% during the forecast period. The protuberant factors driving growth of the market are, increasing demand of epoxy based composites from major end users such as automotive & transportation industry and continuous growth of construction industry.
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Epoxy Resin Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt.) Ltd.)
Epoxy Resin Market Research Report- Forecast to 2023 Epoxy Resin Market -Overview Epoxy Resins, or Polyepoxides have proven to be far more efficient than other resin types. Displaying a range of mechanical properties Epoxy offers a good resistance to water & Chemicals alike, high adhesive strength and a high electrical insulation. Additionally, it can absorb both mechanical and thermal stresses therefore offering stiffness, toughness and heat resistant properties along with the environmental degradation resistance. Today, Epoxies cover a vast area of application across automotive, aircraft manufacturing and marine industries. Fiber Epoxy composites are used in aircraft engine to enhance the performance of the system. Fiber glass resin composites are now used across transport systems. Other key application areas include construction and electronics sectors. Attributing to its vast uptake in these industries; Epoxy is increasingly garnering the market traction. Accrediting prominence the market is gaining currently demonstrating the growth prospect; Market Research Future has recently published a study report giving out market insights up to 2023. According to the report, the Global Epoxy Resin Market is estimated to accrue USD 10,620.5 million by 2023 posting a CAGR of 5.24% during the estimated period 2017-2023. Factors that predominantly drive the Epoxy Resins market growth include augmenting demand from the burgeoning industries like Building & Construction, Automotive & Transport, and Electricals & Electronics. Rising trends of automotive industry such as lower emission, light vehicles and fuel efficiency are escalating the market to the ascended heights. The market is significantly influenced by the burgeoning healthcare, pharmaceutical and Personal Care product industry Moreover, the rising number of vehicles in APAC region particularly in China, India and Indonesia is also one of the major growth driver. www.marketresearchfuture.com
Epoxy Resin Market Research Report- Forecast to 2023 Segmental Analysis For the convenience of the report and enhanced understanding the analysis is segmented in to 4 key dynamics: By Types: Comprises Glycidyl Epoxy and Non-Glycidyl Epoxy. By Technology: Liquid Epoxy, Waterborne Epoxy, Solvent Cut Epoxy, and other. By Applications: Building & Construction, Automotive & Transportation, Electrical & Electronics, Adhesives & Sealants, Marine, and other. By Regions: North America, Europe, APAC and Rest of the World. View Full Press Release @ https://www.marketresearchfuture.com/reports/epoxy-resin-market-1736 www.marketresearchfuture.com
Epoxy Resin Market Research Report- Forecast to 2023 Regional Outlook Asia Pacific dominates the global market of Epoxy Resin owing to the augmenting demand from construction sector and the manufacture of consumer goods and expanding production capacity in this region. The region is estimated to grow at considerable CAGR throughout the review period. North America is the second largest market of Epoxy Resins owing to the major contribution from the US owing to the greater penetration of end user industries in the country. Europe is another substantial region in the Global Epoxy Resin Market accounting for a 9.28% share of the market in 2016. www.marketresearchfuture.com
Epoxy Resin Market Research Report- Forecast to 2023 Major Players in this Research Epoxy Resin Market Prominent Players: • Olin Corporation (Olin) (U.S.) • Aditya Birla Chemicals (India) • Kolon Industries, Inc (South Korea) • BASF SE (Germany) • Ciech S.A (Poland) • Huntsman International LLC (U.S.) • Spolchemie (Czech Republic) Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1736 www.marketresearchfuture.com
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