Global High-Performance Epoxy Market was valued at USD xx Mn in 2019 and is expected to reach USD xx Mn by 2027 at a CAGR of 5.1% over the forecast period 2020-2027.
The report covers an in-depth analysis of COVID 19 pandemic impact on Global High-Performance Epoxy Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.
High Performance Epoxy Market overview
The global expansion in construction & building and developing economies has increased the demand for a high-performance epoxy market. It is commonly used in concentre floors and coating. It includes properties such as durability, high performance, and a smooth surface has led many manufacturers to the adoption of high-performance epoxy market. Besides, it is widely used in building as it offers chemical resistance and lower odor solvent than typical industrial coatings. These factors led to a growing inclination towards manufacturers as it is ideal for coating applications. Increasing investment in R & D especially in the chemical industry has built various lucrative opportunities for the high-performance epoxy market.
High Performance Epoxy Market Dynamics
Increasing coating application from protection from corrosion, to provide high tensile strength and long-lasting life of the instruments are driving the growth of the high-performance epoxy market. Rising adoption of high-performance epoxy especially for flooring applications owing to the protection of concrete against cleaners, solvents, fuels, high gloss, and solvents has fuelled the demand for the high-performance epoxy market. Besides, other wide varieties of applications are nonferrous metals and glass owing to its properties such as a wide range of substrates and adhesive properties. Increasing demand from automotive applications especially for the protective low-viscosity vehicle, low VOC-based epoxy, and architectural coating has boosted the demand for the high-performance epoxy market.
However, the epoxy demand for high performance is in the growth process. The production cost of high-performance epoxy is high. This has contributed to a rise in epoxy prices. In the near future, this is projected to hamper the epoxy demand for high efficiency.
Expansion of commercial and residential sectors and rapid industrialization led to the development of smarts cities including showrooms, retail stores, warehouses, and hospitals. Besides, in coating applications such as higher gloss and aesthetic finish in the form of colored aggregate flooring and terrazzo flooring, the properties’ importance for high-performance epoxy is expected to drive the global demand for high-performance epoxy. The rise in the population of developed and developing economies and properties offered by High-Performance Epoxy such as strong superior finishing ability, high chemical & temperature resistance, and mechanical strength is driving the growth of the market.
Global High-Performance Epoxy Market: Regional Analysis
The regional analysis of the Global High-Performance Epoxy market is segregated across North America, Europe, Asia Pacific, the Middle East and Africa, and South America. The Asia Pacific is dominating the High-Performance Epoxy market. The rise in building & construction is driving the growth of the market. Besides, the expansion of residential and commercial sectors has fuelled the growth of the market in this region. Rising investments in coatings and increasing research activities and, usually in developing economies are inclined to build robust opportunities for high-performance epoxy manufacturers. Another factor expected to fuel the region’s market during the forecast period is growth in FDI investment in the construction and automotive industries in developing Asia Pacific economies.
Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new Type launches and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global High Performance Epoxy Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global High Performance Epoxy Market dynamics, structure by analyzing the market segments and project Global High Performance Epoxy Market Clear representation of competitive analysis of key players by price, financial position, Type portfolio, growth strategies, and regional presence in the Global High Performance Epoxy Market make the report investor’s guide.
Scope of Global High Performance Epoxy Market
Global High Performance Epoxy Market Segmentation by Product type
• Epoxy and Polyurethane
Global High Performance Epoxy Market Segmentation by Application
Global High Performance Epoxy Market Segmentation by Region
• North America
• South America
• Middle East & Africa
Global High Performance Epoxy Market Major Players
• Aksa Akrilik Kimya Sanayii A
• 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
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