Epoxy Resin : Utilized As A Matrix Resin For Fiber-Reinforced Plastic Materials

The Flexible Epoxy Resin (FER) Market was estimated at USD 540.1 million in 2016 and projected to reach USD 764.0 million by 2022, at a CAGR of 6.0% during the forecast period.

In this study, 2016 has been considered as the base year, while the forecast period has been considered from 2017 to 2022.Browse 76 Market Data Tables and 30 Figures spread through 108 Pages and in-depth TOC on "Flexible Epoxy Resin Market by Type (Urethane Modified, Rubber Modified, Dimer Acid), Application (Paints & Coatings, Composites, Adhesives), and Region - Global Forecast to 2022".Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=192471059Companies, such as Olin Corporation (U.S.), Hexion (US), Kukdo Chemical (South Korea), Aditya Birla Chemicals (Thailand), Huntsman Corporation (U.S.), and DIC Corporation (Japan), adopted both organic as well as inorganic strategies, such as new product launches, expansions, and partnerships to efficiently serve customers and increase their market shares.Hexion (U.S.), one of the leading manufacturers of FER, adopted new product launches as its primary growth strategy.

It produces and supplies epoxy resins to diversified industries such as wind turbines, boat and shipbuilding, and sports equipment.

For instance, in 2017, the company launched a new specialty epoxy resin system, which will be used for styrene-free, sheet molding compound (SMC) manufacturing of high-performance automotive composites.

This product launch will help strengthen the position of the company’s products in the market.

The company has developed a strong client base by expanding its distribution network to serve its customers better and offer customized products in Europe, North America, and Asia-Pacific.

Epoxy resin is a chemical compound that is widely used as a great adhesive in bonding materials together, and it's the main ingredient of epoxy glue.

Being the most effective adhesive material, epoxy resin is most commonly used in construction works and maritime applications, but it can also be seen commonly in household projects.

It's relatively easy to get hold of this material since you can easily purchase it from hardware stores.

Epoxy resin offers strength, durability, and resistance to chemicals and water.

For instance, it can be used to repair a cracked wall, repair damaged flooring and countertops, provide a new layer of protection for any materials that are being stored or transported in the open, and much more.

The homeowner will use it to patch up the crack, and while it is being applied, a new layer will harden.

Global Epoxy Resin Market is anticipated to grow considerably in the forecast period owing to the growing industrialization and the growing development in electronic and electrical equipment.

Epoxy resins are used in decorative flooring, in fabric applications for surgical and dental treatments, printing inks, etc.Epoxy resins also have applications as additives for several plastic materials like acrylic & vinyl resins and synthetic rubbers.

To improve the performance of products and maintaining cost-efficiency, several new fillers are bring introduced into resins while processing.Download Sample Report @ https://www.millioninsights.com/industry-reports/epoxy-resin-market/request-sampleEpoxy resins have extensive applications as an insulation in electrical and electronic that need protection in extreme and hazardous environments like engine management, deep sea, and chemical plant equipment due to the properties like high mechanical and physical strength, excellent dimensional stability, good dielectric properties, and more.

They also have applications in keeping switches, generators, motors and transformers clean, dry and free of shots.Moreover, the growing consumption rate of electronic and electrical equipment on a commercial scale in emerging economies like China & India is predicted to drive epoxy resin industry.

They can be stated as primer tie coats, abrasion resistant coating, anti-corrosive primers, heat & fire resistant and chemical coatings.In the same way, epoxy sealants and floor paints are other items that can be used as coatings on the floor to make it durable and decorative.

Residential sector is consistently progressing with improved construction in Europe.