High Performance Epoxy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2027
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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experts and industrial visits for its research analyst members.
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