The global modified epoxy resins market is likely to grow at a notable CAGR between 2022- 2030, as per the recent report by Market Research Future (MRFR). Modified epoxy resins are reactive polymers which contain epoxide groups. They are cross-linked or reacted with different co-reactants (alcohols, thiols, phenols, acids, and polyfunctional amines) or by themselves.
Epoxy resins or polyepoxides are a type of reactive polymers and they contain epoxide groups. Epoxy resins are reacted or cross-linked either with themselves or with a variety of co-reactants such as polyfunctional amines, acids, phenols, thiols, and alcohols. The reaction between epoxy resin and other co-reactants forms thermosetting polymers with enhanced chemical resistance, mechanical properties, and temperature, which are also referred as modified epoxy resin. Modified epoxy resin offer various properties such as improved peel strength, better thermal shock resistance, and excellent corrosion resistance, among others.
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Key Players
Leading players profiled in the modified epoxy resins market report include BASF SE (Germany), 3M (US), E. I. du Pont de Nemours & Company (U.S), Aditya Birla Chemicals Ltd ( India), Kukdo Chemical co limited (Japan), Hexion (U.S), Jiangsu Sanmu Group Co, Ltd (China), Olin (U.S), and Nan Ya Plastic Corporation (Taiwan).
Various factors are adding to the modified epoxy resins market growth. According to the new MRFR report, such factors include the booming auto and construction industries, increased research and development, technological advances in modified resins, increased installation of wind energy capacity, and favorable properties like heat, mechanical, and electrical resistance, adhesion, moisture resistivity, mechanical strength, and high thermal stability for which it is has wide applications in industrial applications, insulators, jewelry, and laminates.
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On the contrary, volatility in prices of raw materials, availability of alternatives such as phenolic resins and polyurethane, stringent mandates related to the control of VOC emissions such as the National Emission Standards for Hazardous Air Pollutants and Environmental Protection Agency, and strict mandates to curb air pollution by the California Air Resources Board are factors that may limit the modified epoxy resins market growth over the forecast period.
Market Segmentation
The MRFR report offers an inclusive segmental analysis of the global modified epoxy resins market report by end user, application, & product type.
By product type, the modified epoxy resins market is segmented into solvent-based modified epoxy resin and water-based modified epoxy resin.
By application, the modified epoxy resins market is segmented into laminates, composites, adhesives and sealants, paints and coatings, and others. Of these, the paints and coatings sector is predicted to dominate the market over the forecast period. Factors adding to the growth of the segment include the burgeoning demand for infrastructure like building rises, elevating population, and its increasing consumption in paints and coatings owing to its alluring properties such as superior electrical and mechanical properties, low viscosity, and chemical resistance.
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By end user industry, the modified epoxy resins market is segmented into marine, aerospace, automotive, building and construction, and others.
In addition to this, the demand from the automotive industry mainly in China, India, and Japan is another factor positively affecting the market growth. Furthermore, the developing electronics industry mainly in Japan and China is further expected to boost the demand for modified epoxy resins in this region owing to its use in the electrical coatings, electrical laminates, and electrical castings for enhanced performance.
Intended Audience:
- Modified epoxy resins market manufacturers
- Traders and Distributors of modified epoxy resins market
- Production process industries
- Potential investors
- Raw material suppliers
- Nationalized laboratory
Regional Analysis
Based on the region, the global modified epoxy resins market report covers the recent trends and growth opportunities across the Americas, Europe, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA). Of these, the APAC will spearhead the market over the forecast period. The growing construction industry in China & India, rising personal disposable income especially in the developing nations, growing population, demand from the auto industry from Japan, India, and China, and the booming electronics industry in China and Japan for the increasing use of modified epoxy resins in electrical castings, electrical laminates, and electrical coatings for improved performance is adding to the growth of the market in the region.
The global modified epoxy resins market in North America is predicted to have notable growth over the forecast period. High adoption rate and developed end use industries like aerospace and electronics, investments in the infrastructure renovation and construction in Canada and the US by the newly elected government, and the presence of top three companies such as Fiat Chrysler, Ford, and General Motors are adding to the growth of the market in the region.
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The global modified epoxy resins market in Europe is predicted to have lucrative growth over the forecast period. Booming aerospace and automobile industry, growing need for composites and coatings from the automobiles and aircraft manufacturers, and burgeoning demand for paints & coatings are adding to the growth of the market in the region.
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The new HBPA Epoxy Resins Market report offers a comprehensive study of the current scenario of the market including major market dynamics.
Also, it highlights the in-depth marketing research with the newest trends, drivers, and segments with reference to regional and country.
Further, this report profiles top key players and analyze their market share, strategic development, and other development across the world.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the hbpa epoxy resins market include Hexion Corporation, Atul Ltd, Huntsman Corporation, Mitsubishi Chemical Corporation, Kukdo Chemical Co. Ltd., Aditya Birla Chemicals, Milliken Chemical, SIR Industriale, New Japan Chemical Company, Emerald Performance Material.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global HBPA Epoxy Resins Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/hbpa-epoxy-resins-market/download-sampleMarket DynamicsThe rapidly expanding construction and automotive industries worldwide, particularly in developing nations, are expected to generate several potential possibilities for the HBPA epoxy resins market over the years.
Furthermore, the rise in global warming, and the necessity to fulfill the ever-increasing future need for power, has resulted in the establishment of solar and wind power plant facilities that utilize a liquid form of HBPA epoxy resin.
