Niche and End-Use Applications to Stimulate Epoxy Resins Market
SAN JOSE, CA – According to a new report by Global Industry Analysts Inc. (GIA), niche and end-use applications will stimulate growth opportunities for the global epoxy resins market.
The worldwide market for epoxy resins is slated to reach 3.03 million tons by the year 2017. Growing use of epoxy resins in niche and relatively untapped end-use applications such as marine and maintenance coatings, bonding applications, decorative powder coatings, electrical laminates, and flooring and paving are expected to generate substantial growth in the market. Additionally, heightened R&D efforts directed towards enhancing epoxy resin reactivity, coating performance, and flexibility and development of innovative products for specific industry needs will boost prospects in the medium to long term.