Epoxy Resin Market expected to grow at a CAGR of 5.77% with Industry Size, Share and Rising Trend till 2021
[179 Pages Report] The Global Epoxy Resin Market size was USD 6.31 Billion in 2015 and is projected to register a CAGR of 5.77%, by value, between 2016 and 2021. The market is driven by its increasing demand in various applications such as coatings, adhesives, and composites.
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Target Audience:
Olin Corporation (U.S.), Nan Ya Plastics Corporation (Taiwan), Huntsman Corporation (U.S.), Hexion Inc. (U.S.), and Kukdo Chemical Co. Ltd. (South Korea) are the leading players in the market. These players are focusing on entering new markets through investment & expansion. Huntsman Corporation (U.S.), Kukdo Chemical Co. Ltd. (South Korea), and Hexion Inc. (U.S.) are some of the leading market players that have adopted these strategies to develop their business.
Companies also opted for agreements & partnerships and mergers & acquisitions to expand their market share and distribution network. These strategies accounted for 21% and 8% shares, respectively, of all the growth strategies adopted by the players in the epoxy resin market between 2011 and 2016.
Hexion Inc. has a very high potential for growth in the future. The company operates through more than 60 production facilities globally and serves customers in more than 100 countries. The company also focuses on increasing its operations in other developing countries other than China and India.
In 2016, Hexion Inc. invested in its research and development (R&D) facilities. A new analytical laboratory was added at its Technology & Business Center located in Stafford, Texas, near Houston to cater to the increasing needs of chromatography, spectroscopy, rheology, microscopy, and materials.
In the same year, Oilfield Technology Group (OTG) of Hexion Inc. expanded its resin coated proppant manufacturing facility in Canada to provide an efficient supply of proppants to the oil & gas industry. This strategy would enhance its capacity and improve logistics.
In 2015, the company expanded its waterborne epoxy resin production capacity in Tianjin, China. This facility meets the increasing demand of waterborne epoxy products used to formulate waterborne coatings, polymer flooring, and others used in wind power, automotive, and aerospace applications.
Hexion introduced two new resin systems at the JEC Europe 2015 Composites Show and Conferences March 10-12 in 2015. These were designed to make mass production of large structural components.
In 2015, BASF SE opened a new resin and electrocoat plant at the Shanghai Chemical Industry Park (SCIP) in Shanghai. The new plant will strengthen its local manufacturing base in Asia-Pacific.
Drivers & Opportunities in global industry:
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MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.
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Mr. Shelly Singh
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630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com
Get PDF brochure of the report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=762
Target Audience:
- Manufacturers of epoxy resin materials
- Epoxy resins product fabricators
- Manufacturers in end-use industries such as industrial, consumer, and transportation
- Traders, distributors, and suppliers of epoxy resins
- Regional manufacturers' associations and general epoxy resin associations
- Government and regional agencies and research organizations
Olin Corporation (U.S.), Nan Ya Plastics Corporation (Taiwan), Huntsman Corporation (U.S.), Hexion Inc. (U.S.), and Kukdo Chemical Co. Ltd. (South Korea) are the leading players in the market. These players are focusing on entering new markets through investment & expansion. Huntsman Corporation (U.S.), Kukdo Chemical Co. Ltd. (South Korea), and Hexion Inc. (U.S.) are some of the leading market players that have adopted these strategies to develop their business.
Companies also opted for agreements & partnerships and mergers & acquisitions to expand their market share and distribution network. These strategies accounted for 21% and 8% shares, respectively, of all the growth strategies adopted by the players in the epoxy resin market between 2011 and 2016.
Hexion Inc. has a very high potential for growth in the future. The company operates through more than 60 production facilities globally and serves customers in more than 100 countries. The company also focuses on increasing its operations in other developing countries other than China and India.
In 2016, Hexion Inc. invested in its research and development (R&D) facilities. A new analytical laboratory was added at its Technology & Business Center located in Stafford, Texas, near Houston to cater to the increasing needs of chromatography, spectroscopy, rheology, microscopy, and materials.
In the same year, Oilfield Technology Group (OTG) of Hexion Inc. expanded its resin coated proppant manufacturing facility in Canada to provide an efficient supply of proppants to the oil & gas industry. This strategy would enhance its capacity and improve logistics.
In 2015, the company expanded its waterborne epoxy resin production capacity in Tianjin, China. This facility meets the increasing demand of waterborne epoxy products used to formulate waterborne coatings, polymer flooring, and others used in wind power, automotive, and aerospace applications.
Hexion introduced two new resin systems at the JEC Europe 2015 Composites Show and Conferences March 10-12 in 2015. These were designed to make mass production of large structural components.
In 2015, BASF SE opened a new resin and electrocoat plant at the Shanghai Chemical Industry Park (SCIP) in Shanghai. The new plant will strengthen its local manufacturing base in Asia-Pacific.
Drivers & Opportunities in global industry:
- High Growth in End-Use Industries
- Increasing Use of Composites
- Emergent Demand From Developing Countries
- Need for Revolutionary Advancements in Weight Reduction, Safety, and Ease-Of-Application
- Emergence of Need for Lightweight and Fuel-Efficient Vehicles
Don't miss out on business opportunities in Epoxy Resin Market.
Speak to Our Analyst and gain crucial industry insights that will help your business grow.
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=762
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com
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