Global epoxy resin market currently seeing increase in R&D activity, product innovation; higher cost of raw materials one of the major challenges to market, finds report on 2016 epoxy resins market

Allison Oesterle

DUBLIN , November 29, 2013 (press release) – Research and Markets (http://www.researchandmarkets.com/research/bbr3lq/global_epoxy) has announced the addition of the "Global Epoxy Resins Market, 2016" report to their offering.

One of the major drivers in this market is the growing demand for epoxy resins in emerging economies. The growth of various industrial sectors such as the Paints and Coatings, Adhesives, Electrical/Electronics, Aerospace and Automotive sectors has resulted in increased demand for epoxy resins in these economies.

The Global Epoxy Resin market is currently witnessing an increase in R&D activities and consequently, product innovation. Many manufacturers are increasingly dedicating considerable resources for the design and development of new epoxy resins and related products. For instance, new epoxy resin formulations offering improved thermal and mechanical characteristics are soon expected to be introduced in the market. Moreover, growing environmental and health concerns have led manufacturers to focus on the development of low VOC-emitting epoxy resins such as powder coatings and water-based epoxy coatings.

Further, the report states that one of the major challenges in this market is the increase in the prices of raw materials used in the production of epoxy resins. These raw materials are petroleum-based and therefore, their prices are heavily influenced by the volatility of oil prices.

The key vendors dominating this space include:

• Huntsman Corp.
• Momentive Performance Materials Holdings LLC
• Nan Ya Plastic Corp.
• The Dow Chemical Company.

© 2024 Business Wire, Inc., All rights reserved.