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High Temperature Epoxy Resins Market worth $6.5 Billion by 2019
The report “High Temperature Epoxy Resins Market by Application (Coatings, Composites, Adhesives, Construction, Electrical & Electronics Others) & Region - Global Trends & Forecasts to 2020”, defines and segments the high temperature epoxy resins market with analysis and forecast of the market size.
Browse 61 market data tables and 53 figures spread through 160 pages and in-depth TOC on “High Temperature Epoxy Resins Market by Application (Coatings, Composites, Adhesives, Construction, Electrical & Electronics Others) & Region - Global Trends & Forecasts to 2020"
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High temperature epoxy resins market is expected to reach $6.5 billion by 2019, signifying firm annualized growth of 7.15% between 2014 and 2019.
Asia-Pacific – The biggest market of high temperature epoxy resins
The high temperature epoxy resins market in Asia-Pacific is one of the fastest-growing consumers across the globe and the trend is expected to continue in the near future. Asia-Pacific is the biggest market for high temperature epoxy resins, and accounted for a share of more than 50.00% of the total market size in terms of volume in 2013 which was majorly contributed by China. It is also estimated that China is the fastest-growing market of high temperature epoxy resins in the region. The high growth in this region is mainly driven by growing population, vast economies–developed as well as developing, favorable investment policies, and government initiatives to promote industrial growth.
Coatings – The largest market for high temperature epoxy resins
The coatings market is one of the largest types globally and the trend is expected to continue in the near future. Asia-Pacific is the biggest market for polyurethane foams market, and accounted for a share of more than 50.00% of the total market size in 2013. It is also estimated that China is the fastest-growing market of coatings industry in the region.
The U.S. and China are at forefront of high temperature epoxy resins consumption, while Germany, South Korea France, Japan, U.K. and Russia are other key markets for high temperature epoxy resins consumption. China is the key market in Asia-Pacific, consuming more than half of the demand for the high temperature epoxy resins, followed by Japan, Taiwan and South Korea where consumption is growing at a steady rate. Increase in the consumption of high temperature epoxy resins for composites, adhesives, construction and electrical & electronics has been observed in Asia-Pacific due to continued industrialization and rise in the manufacturing sector of the region. Electricals & electronics are projected to be the fastest-growing application segment followed between 2014 and 2019.
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