What are Epoxy Resins ?
The
Epoxy Resins are actually poly-ether resins which consist of one or
more epoxy groups. They are thermosetting resins, which are created by
converting liquid poly-ether into solid by process called "Curing". The
curing process is done trough application of heat. Generally the Epoxy
resins contains two parts, mainly resins and hardener; when these two
are mixed, an active chemical reaction cures the material.
Properties of Epoxy Resins
- Available in diverse forms ranging from low viscosity liquids to high melting solids
- Offers high strength and low Shrinkage.
- High heat resistance and mechanical strength.
- Unmatched adhesion to various substrates.
- Improved resistance to solvents and chemicals.
- Low cost and low toxicity.
- Effective electrical and mechanical insulation.
Applications of Epoxy Resins
The Epoxy Resins are used in wide areas of application owing to its beneficial properties
- Paints and Coatings
- Adhesives
- Construction industry
- Industrial tooling and Composites
- Electrical systems and Electronics
- Consumer and Marine applications
- Aerospace applications
- Biological applications
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| Source : Wikipedia, Directindustry, shop4glue |
Epoxy Resins Market
The
increased applications of Epoxy Resins in industrial sector and
end-user industry have given an impetus to the Epoxy Resins Market. The
epoxy resins market is segmented into various geographical regions based
on the consumption and application of the epoxy resins.
The market based on geography in descending order of market revenue share :
- Asia-Pacific
- North-America
- Europe
- Rest of World (ROW)
Market Forecast :
The
Global Epoxy Resins Market is foreseeing a huge market prospect in
coming years with increasing end user industry applications. Key players
in the global epoxy resin market are The Dow
Chemical Company (U.S.), Momentive Performance Material Holding LLC
(U.S.), Nan Ya Plastics (Taiwan), Kukdo Chemical (South Korea), Huntsman
Corporation (U.S.), NAMA Chemicals (Saudi Arabia), etc.
The global Epoxy Resins Market is expected
to reach worth USD 8.40 billion by 2017 at a Compound annual growth
rate of 7.3% from 2012 to 2017. Asia-Pacific is market leader and is
foreseen as strong new emerging market followed by North America.
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