Lucintel Predicts Good Opportunities for Growth in Global Epoxy Market Over the Next Five Years 2013 - 2018
Online, January 9, 2014 (Newswire.com) - The global epoxy market revenue is forecast to reach an estimated $17.0 billion in 2018 on account of continuous growth in end user industries such as construction, automotive, adhesives and wind energy. Rising demand of epoxy in power coatings, water borne coatings, electrical and electronic laminates, flooring and paving applications will drive the industry over the forecast period of 2013-2018.
Lucintel, a leading global management consulting and market research firm has conducted a detailed analysis on this industry and presents its findings in "Global Epoxy Industry 2013-2018: Trend, Profit, and Forecast Analysis." The global epoxy industry is a consolidated industry. APAC region dominated this market in 2012. Some of the major players in this market are Momentive SpecialtyChemicals, The Dow Chemical Company, and Huntsman Corporation.
Bisphenol A and epichlorohydrin are major raw materials in the production of epoxy resins and any change in the demand and supply of these raw materials could have a major impact on the epoxy resin industry.
As per the study, future growth of epoxy resin will stem from emerging economies such as APAC (China and India) Latin America, and Eastern Europe,considering continuous growth in transportation and construction sectors in these regions.Heavy investment in research and development to design high grade epoxy products, diluents, and curing agents will support future demand of epoxy resins.Increasing awareness of health hazards related with BisphenolA products andmeeting low VOC regulatory requirements are the major challenges for epoxy resin application in coatings.
This study provides an overview of the global epoxy industry. The report studies manufacturers of epoxy-based paints and coatings, electronics and electrical laminates, composites, and adhesives products, providing a five-year annual trend analysis that highlights market size, profit and cost structure for NA, Europe, APAC, and ROW. The report also provides forecast, addressing market opportunities for next five years for each of these regions.
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