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High Performance Epoxy Market Global Industry Analysis, Size, Share, Growth, Trends, Forecast
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Synopsis of Global High-Performance Epoxy Market:
High performance epoxy can also be defined as performance coating or varnish that is used to enhance the quality of a surface making it adaptable for the different environments it is exposed to, such as extreme heat. High performance epoxies are extensively used in the production of aerospace & marine, automotive, and consumer goods among others.
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High performance epoxy makes an excellent choice for a primer coat as well as a basecoat. Moreover, its additional properties such as quick drying forming a durable layer make these resins highly desirable in the end-use industries. Therefore, these high-performance epoxy resins cover a vast area of application across automotive, aircraft and marine manufacturing industries which escalates the market on the ascending heights.
Global High-Performance Epoxy Market – Segments
MRFR has segmented its analysis into three key dynamics for an easy grasp;
By Types : Resins, Adhesives, Pigments, and Solvents among others.
By End-Uses : Aerospace & Marine, Automotive, and Consumer Goods among others.
By Regions : Europe, North America, APAC, and the Rest-of-the-World.
High Performance Epoxy Market – Geographical Analysis
Globally, the Asia Pacific region accounts for the significant share in the global high-performance epoxy market. Owing to the augmented demand from the end-user industries such as electronics, coatings, and adhesives in India, Japan, China, and South Korea, the market is projected to retain its dominance in the global market during the review period.
Furthermore, the availability of cost-competitive, skilled labor force available alongside the favorable governmental policies, is fostering the growth of the regional market. This also further attracts foreign investors while encouraging manufacturers to shift their production units to the flourishing market in the APAC.
Global High-Performance Epoxy Market – Competitive Landscape
The fiercely competitive high-performance epoxy market appears to be fragmented due to the presence of several large and small-scale companies. These companies are focused on improving their market performance and increasingly acquire promising companies to expand in the fast-growing regions. Growing innovations in production technologies are further intensifying the competition in the market. At the same time, the market also demonstrates strong investment opportunities for the market players.
Some of the eminent leaders of the market include Sherwin-Williams Company, Euclid Chemical Company, Rust-Oleum, Huntsman International LLC, V8 Floor Systems, Benjamin Moore & Co., Xtreme Engineered Floor Systems, FORREST Technical Coatings, Simpson Strong Tie, Smooth-On, Inc., and Zeraus Products Inc.
Industry/ Innovation/ Related News:
September 25, 2018 – Meridian Adhesives Group LLC (US), a leading manufacturer of high-value adhesives and sealants technologies announced the acquisition of W.F. Taylor Co., Inc. (US), a manufacturer and marketer of flooring adhesives and related products.
This, third acquisition in a row in the year 2018 will add specialty flooring adhesives to Meridian’s portfolio, which currently includes high-performance specialty epoxy, polyurethane and hybrid adhesives for the electronics, medical, construction and infrastructure markets.
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