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Market Highlights:High performance epoxy is utilized to protect metal and concrete structure which includes, tanks and pipes which are affected resulting in corrosion of material as a result of exposure to acid rain and environment. High performance epoxy are utilized mainly in chemical plants, oil refinery, aerospace and marine industries.
High performance epoxy market’s drivers are end-use industries which are growing rapidly moreover epoxy has environmental friendly features which makes it suitable to be used in various industries. The market growth might be hindered as high-performance epoxy raw material and product is quiet expensive.
The high-performance epoxy market is segmented on the basis of type namely resins, adhesives, pigments, solvents and others. The demand of resins is increasing consistently at the CAGR of XX% over the forecasted period. Further-more adhesives and pigments segment is anticipated to grow at the CAGR of XX% over the forecasted period.
The high-performance epoxy market is segmented on end-user namely aerospace & marine, automotive, consumer goods and others. The aerospace & marine segment is anticipated to register a CAGR of XX% over the forecasted period. Consumer goods segment on the other hand is anticipated to register a CAGR of XX% over the forecasted period.
Companies such as are Euclid Chemical Company, Sherwin-Williams Company, Rust-Oleum, V8 Floor Systems, Huntsman International LLC have implemented acquisition and expansion of business strategies to increase their acrylic market’s presence geographically. Few global players have invested in R&D amenities to discover advanced and innovative products which has higher efficacy rate and convenience of being used.
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Global High-Performance Epoxy Market Players:
Major participants of this market are: Aksa Akrilik Kimya Sanayii A.Ş. (Aksa), Dralon, Aditya Birla Group, Jilin Chemical Fiber Group Company, taekwang industrial co. Ltd., Exlan Japan Co. Ltd., Kaneka Corporation, Indian Acrylics Limited, Pasupati Acrylon Ltd., Vardhman Acrylics Ltd. and others
Regional Analysis
Asia-Pacific region is expected to maintain its dominance in the global high performance epoxy market. Emerging markets of China, South Korea, Taiwan and India are expected to boost the Asia Pacific high performance epoxy market. Other emerging markets are North-America and Europe countries.
The largest market of high performance epoxy is in Asia-Pacific as it has highest consumer of high performance epoxy. China is the leading producer of high performance epoxy followed by South Korea. North-America are second largest market of high performance epoxy.
Taste the market data and market information presented in more than 50 market data tables and figures spread over 85 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Global High Performance Epoxy Market Research Report –Forecast to 2022.
Segmentation:
The global high performance epoxy market is majorly segmented on the basis of by type and by end-use. Based on type the market is segmented into resins, adhesives, pigments, solvents and others. On the basis of end-use the market is classified aerospace & marine, automotive, consumer goods and others
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