- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 25 Jan 2018
Epoxy resin market
Epoxy resins are thermosetting polymers available in liquid, solution, and solid form. Solid epoxy resins are nonhazardous material but liquid epoxy resins are classified as hazardous.
The majority of epoxy resins are derived from petroleum and are well known for their curable nature.They are used as binders in cement and mortars, general purpose adhesives, industrial coatings, rigid foams, non-skid coatings, solidifying sandy surfaces in oil drilling, potting and encapsulating media.
On the basis of application epoxy resins segmented as; paints & coatings, electrical & electronics, construction, wind turbine, composites, adhesive and others. Paints & coatings accounted for around 42% of the global epoxy resin market. Construction industry accounted for the third-largest share of the epoxy resin market in 2015 and is expected to grow even more in the future.
The epoxy resin market accounted for USD 7.54 Billion in 2015 and is expected to reach USD 11.22 Billion by 2021, growing at a CAGR of around 6.9%.
The Asia Pacific was the dominant region in 2015, accounting for more than 63% of the market. Germany is the main epoxy resin market in Europe, accounting for about 30% of the European market in 2015.
High growth in end-user industries is the main driver for the epoxy resin market. The increasing use of wind turbines for power generation is driving force for epoxy resin in North America and this is expected to grow at a moderate rate to 2021.
The key players in the market include; Huntsman Corporation, Dow Chemical Company, Momentive Specialty Chemicals Inc., Nan Ya Plastic Corporation, Sika AG, Kukdo Chemical Co. Ltd., Ashland Inc., Cytec, NAMA Chemicals, 3M Company, Du Pont, BASF SE, Baling Petrochemical and Spol Chemie.
 Related articles on Designing Buildings Wiki
Featured articles and news
Timber is a natural carbon sink, but it must not end up in landfill at the end of its useful life.
BSRIA has collaborated with the Department of Health on research into air permeability in isolation rooms.
New step-by-step route maps for implementing effective surface water management measures are published.
GMP is an agreement with a contractor that the contract sum will not exceed a specified maximum. Read more here.
The BREEAM Sustainability Champion is changing to the Advisory Professional - here's what you need to know.
A fresh round of job-cuts takes the total number of redundancies to over 1,000.
Read our introductory article to the completion date in construction contracts.
Almost 90% of freight in London is moved by road. The River Thames could add much needed extra capacity.
National Infrastructure Commission warn that large infrastructure projects are at risk of falling behind.
The quality of Cambridge owes as much to its open spaces as to its architectural uniqueness.