Market Leader - High Temperature Epoxy Resins Market
The High Temperature Epoxy Resins industry is a rapidly evolving market. Currently, high temperature epoxy resins market is dominated by a few key players, such as The DOW Chemical Company (U.S.), BASF SE (Luxembourg), Huntsman Corporation (U.S.), 3M Company (U.S.), Momentive Performance Materials Holdings LLC (U.S.) and so on. These companies are leaders in the production of high temperature epoxy resins and its applications.
The companies are majorly focusing on research and development for new production techniques, capacity expansion of existing facilities and installation of new facilities for high temperature epoxy resins to achieve better performance qualities, economies of scale, product innovation, and to meet the demand. The companies are mainly focusing on emerging regions so as to increase their global presence by addressing the growing demand in the emerging markets.
Expansions & investments have dominated the strategies adopted by the key players in the recent past. For instance, 3M and TenCate expand composite tooling agreement to reach their global presence for high temperature epoxy resins market.
Acquisition has been the most used strategy by the players in the high temperature epoxy resins market. Between 2010 and 2014, expansions & investments comprised a share of 19.00% of the total recorded development activities. High temperature epoxy resins have been expanded by companies, such as as The DOW Chemical Company (U.S.), BASF SE (Luxembourg), and Huntsman Corporation (U.S.).
Further, the players are focusing on collaboration, licensing, and new product launches of the other players to meet their customers’ needs and expand their geographic reach in the market. For example, Huntsman Advanced Materials Americas LLC has introduced three new high temperature epoxy adhesives. This move helped the company to achieve its geographical reach, especially in emerging markets, and establishing a more diverse and sustainable product portfolio.
Related Reports:
High Temperature Epoxy Resins Market by Application (Coatings, Composites, Adhesives, Construction, Electrical & Electronics Others) & Region - Global Trends & Forecasts to 2020
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