High Performance Epoxy Market Size, Share, 2021 Business Structure, Competitive Landscape, Opportunity, and Key Regions 2027
High performance epoxy can also be defined as performance
coating or varnish that is used to enhance the quality of a surface making it
adaptable for the different environments it is exposed to, such as extreme
heat. High performance epoxies are extensively used in the production of
aerospace & marine, automotive, and consumer goods among others.
High
performance epoxy makes an excellent choice for a primer coat as well as a
basecoat. Moreover, its additional properties such as quick drying forming a
durable layer make these resins highly desirable in the end-use industries.
Therefore, these high-performance epoxy resins cover a vast area of application
across automotive, aircraft and marine manufacturing industries which escalates
the market on the ascending heights.
Acknowledging the kind of growth, the market witnesses
currently, Market Research Future (MRFR) in its recently published a study
report asserts that the global high-performance epoxy market is forecasted to
reach USD 14.9 BN by 2022, registering a phenomenal CAGR during the review
period (2016-2022).
Additionally, the electronics sector which is considered as
another key application area of these resins fosters the market growth of
high-performance epoxy. Simultaneously, vast consumption of these
high-performance epoxy resins in the manufacturing of paints, coatings &
adhesives contributes to the market growth, generating a huge demand.
On the other hand, factors such as fluctuating prices of the
raw materials required for the production of these high-performance epoxy
resins obstructs the market growth largely. Also, the gap in the demand
and supply of the raw materials hinders the market growth, restricting the
production volume.
Nevertheless, improving economic conditions, worldwide, are
expected to support the market growth by increasing consumers’ purchasing power
making luxury items such as automotive and electronics affordable for them.
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Global Key Players:
Sherwin-Williams Company
Euclid Chemical Company
Rust-Oleum
Huntsman International LLC
V8 Floor Systems
Benjamin Moore & Co.
Xtreme Engineered Floor System
FORREST Technical Coatings
Simpson Strong Tie
Smooth-On, Inc.
Zeraus Products Inc.
Industry/ Innovation/ Related
News:
September 25, 2018 – Meridian Adhesives Group LLC (US), a
leading manufacturer of high-value adhesives and sealants technologies
announced the acquisition of W.F. Taylor Co., Inc. (US), a manufacturer and
marketer of flooring adhesives and related products.
This, third acquisition in a row in the year 2018 will add
specialty flooring adhesives to Meridian’s portfolio, which currently includes
high-performance specialty epoxy, polyurethane and hybrid adhesives for the
electronics, medical, construction and infrastructure markets.
Global High-Performance Epoxy Market – Segments
MRFR has segmented its analysis into three key dynamics for
an easy grasp;
By Types : Resins,
Adhesives, Pigments, and Solvents among others.
By End-Uses : Aerospace & Marine,
Automotive, and Consumer Goods among others.
By Regions : Europe,
North America, APAC, and the Rest-of-the-World.
High Performance Epoxy Market – Geographical Analysis
Globally, the Asia Pacific region accounts for the
significant share in the global high-performance epoxy market. Owing to
the augmented demand from the end-user industries such as electronics,
coatings, and adhesives in India, Japan, China, and South Korea, the market is
projected to retain its dominance in the global market during the review
period.
Furthermore, the availability of cost-competitive, skilled
labor force available alongside the favorable governmental policies, is
fostering the growth of the regional market. This also further attracts foreign
investors while encouraging manufacturers to shift their production units to
the flourishing market in the APAC.
The MEA region (the Middle East & Africa) accounts for
the second largest market for high performance epoxy, holding a considerable
market share in the global market. Increasing demand for coatings,
adhesives, composites in industries drives the growth in the regional market.
End-use sectors including marine, automotive, and spurting Paints & Curing
industry are fostering the increase in the MEA high-performance epoxy
market.
Whereas, developed regions such as North America and Europe
are expected to witness a sluggish growth over the forecast period –
2016-2022. Factors such as the stringent regulations against the VOC
emittance during the production of these materials impedes the market growth in
these regions.
Global High-Performance Epoxy Market –
Competitive Landscape
The fiercely competitive high-performance epoxy market
appears to be fragmented due to the presence of several large and small-scale
companies. These companies are focused on improving their market performance
and increasingly acquire promising companies to expand in the fast-growing
regions. Growing innovations in production technologies are further
intensifying the competition in the market. At the same time, the market also
demonstrates strong investment opportunities for the market players.
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