World Epoxy Resins Market to Reach 2.1 Million Tons by 2010, According to New Report by Global Industry Analysts
Driven by consumption growth in emerging economies of Asia-Pacific, Latin America and Eastern Europe, world epoxy resins market is projected to reach 2.1 million tons by the year 2010. Stringent environmental regulations regarding VOC emissions are expected to spruce up the demand for epoxy resins in the paints and coatings end-use industry. In Asia-Pacific, electrical laminate, marine and maintenance coatings are expected to jack up consumption of epoxy resins.
San Jose, California (PRWEB) December 3, 2007
The world epoxy resins market (http://www. strategyr. com/MCP-2057.asp) is influenced by market variables such as GDP growth, feedstock costs, and oil prices. Although industrialized countries are the largest consumers of epoxy resins, growth traction is fast picking up in emerging markets of Asia-Pacific, Latin America and Eastern Europe. With the housing and construction industries posting healthy growth in developing markets, floorings as an end-use segment is gradually making it's way into the spotlight. Growing consumer demand for decorative powder coatings is likely to additionally fortify the market's growth. Continuous product development efforts and introduction of high-grade epoxy resin products are expected to keep consumption patterns sufficiently kindled across all end-use application markets.
As stated by the recent report published by Global Industry Analysts, Inc., Europe, and Asia-Pacific dominate the world epoxy resins market, with a combined share of 64.03% estimated in the year 2007. In the paints and coatings end-use market (http://www. strategyr. com/MCP-2057.asp), comprising of solvent-based, water-based, and powder based coatings, strong growth is expected to stem from powder coatings. World consumption of epoxy resins in powder coatings is expected to grow at a projected CAGR in excess of 8%, with Asia-Pacific leading growth with consumption projected to rise by 97.85 thousand tons between the period 2007 to 2015. In the flooring and paving end-use market (http://www. strategyr. com/MCP-2057.asp), consumption of epoxy resins is highest in Asia-Pacific with 51.1% of total demand stemming from this region. In Europe, consumption of epoxy resins in electrical laminates is expected to reach 83.11 thousand tons by the year 2015. China is rapidly emerging into a significant market for epoxy resins with consumption growing at a CAGR of 14.33% to rise by 221.04 thousand tons between the period 2007 to 2010. Consumption in this market is additionally projected to reach 1,423 thousand tons by the year 2015.
Leading global and regional players operating in the industry include Hexion Specialty Chemicals Inc, Huntsman Corporation, Kukdo Chemical, Nan Ya Plastics Corporation, The Dow Chemical Company, Dow Epoxy, Aditya Birla Chemicals (Thailand) Ltd, Air Products and Chemicals Inc, Asahi Kasei Chemicals Corporation, Cognis Benelux BV, DuPont EI De Nemours & Co, Mitsui Chemicals Inc, Reichhold Inc, 3M, CVC Specialty Chemicals, and Polychem Corporation, among others.
The report titled "Epoxy Resins: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, issues, and challenges. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key regional markets. End-use markets analyzed in the report include Paints and Coatings (Solvent-Based, Water-Based, and Powder Coatings), Electrical Laminates, Bonding, and Flooring & Paving. Latent demand patterns in end-use markets are quantified across major geographic market verticals including the United States, Canada, Japan, France, Germany, United Kingdom, Italy, Spain, Russia, Asia-Pacific, and Latin America, among others. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.
For more details about this research report, please visit www. strategyr. com/MCP-2057.asp (http://www. strategyr. com/MCP-2057.asp )
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www. strategyr. com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
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