North America Epoxy Resin Market
North America Epoxy Resin Market The North American epoxy resin market, along with its end products, has witnessed a linear growth in the past few years and this growth is estimated to increase in the coming years. Epoxy resins are thermosetting polymers and are used as adhesives, highperformance coatings, and encapsulating materials. Epoxies have a large number of advantages over other materials, the most important being their versatility. Their major application industries include paints & coatings, electronic & electrical appliances, and composites, among others. The increasing consumption by these application industries, technological advancements, and the growing demand from the aerospace Industry are expected to be the key influencing factors for the North American epoxy resin market during the period, 2014 to 2019.
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The epoxy resin market is experiencing enormous growth, which is expected to continue in the near future. A significant amount of investments are made by the key market players to serve the end-user applications industry. The U.S is the main market for epoxy resins, accounting for 83.9% of the North American market in 2014. The region is further expected to show a high growth in the future, mainly due to the increasing demand from the aerospace sector.
Almost 30.1% of the total epoxy resin demand was from the electrical and electronics applications segment in 2014, with the composites and adhesives segments projected to be the fastest-growing end-use segments, primarily due to rapidly-growing demand from these industries.
North America Epoxy Resin Market This study basically aims to estimate the North American epoxy resin market for 2014 and to project its demand for the period of 2014 to 2019. This market research study provides a detailed qualitative and quantitative analysis of the North American epoxy resin market. Various secondary sources, such as encyclopedia, directories, industry journals, and databases have been utilized to identify and collect information useful for this extensive commercial study of the epoxy resin market in North America. The primary sources, such as the experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of epoxy resins.
A competitive scenario among the top players in the epoxy resin market has been discussed in detail. In addition, the leading players of this industry have been profiled with their recent developments and other strategic activities. The key players in the market are Hexion Inc. (U.S.), The Dow Chemical Company (U.S.), Huntsman Corporation (U.S), and Spolek Pro Chemickou a Hutni Vyrobu A.S. (Czech Republic). Scope of the report: This research report categorizes the North American market for epoxy resin on the basis of application, end-user, and geography, along with forecasting volume, value, and analyzing trends in each of the submarkets. On the Basis of Applications: Paints & Coatings Wind Turbine Composites
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