As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The Asia Pacific dominates the global epoxy resins market, accounting for nearly 65% of the global consumption. Within the region, China remains the largest consumer of the product. Epoxies are plastics composed using two or more industrial chemical compounds via the thermosetting process. Epoxy resins are used for the production of plastics, adhesives, paints, coatings, primers and sealers, flooring, and other materials and products used for building and construction applications. The growing electronics industry, particularly in the emerging nations of Asia, is the primary demand driver for epoxy resins, thus, aiding the growth of the global industry of the product. For Apple (NASDAQ: AAPL), a leading electronics and technology company, Asia is a significant growth region, accounting for a major portion of the company’s sales.
The growing demand for recyclable products has resulted in the increased adoption of recyclable epoxy resins technology by manufacturers, which is expected to drive the demand for the product during the forecast period. In July 2020, Aditya Birla Chemicals Thailand Limited announced the acquisition of Recyclamine, a recyclable thermoset technology to produce epoxy resin, from the US-based start-up, Connora. Connora’s Recyclamine technology ensures a zero-waste production process, enabling end-of-life recyclability to epoxy customers around the world. Aditya Birla Chemicals, which is a part of the USD 48.3 billion global conglomerate Aditya Birla Group, has been collaborating with Connora Technologies since 2016 as a part of a Joint Development Agreement, aiming to scale-up the production of recyclable epoxy thermoset technology by Connora. This acquisition by the company is expected to enhance its market, further promoting recyclable epoxy resins technology at the global level.
Market Breakup by Applications and Regions:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global epoxy resins market are Kukdo Chemical Co. Ltd., Nan Ya Plastics Corporation, Jiangsu sanmu group Co. Ltd., Hexion Inc., Chang Chun Group, Aditya Birla Chemicals, Huntsman International LLC, Jiangsu Yangnong Kumho Chemical Co., Ltd., Baling Petrochemical Co.,ltd, and Jubail Chemical Industries LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.