08-Mar-2021 | Zion Market Research
As per experts at Zion Market Research, the global HBPA epoxy resin market was valued at USD 1.8 billion in 2019 and is predicted to surpass the value of USD 2.4 billion by 2025 with a 5.5% CAGR from 2019 to 2025. The global HBPA epoxy resin market is boosted by the development of the power generation sector in developing nations and a rise in the requirement to defend concrete floors in the commercial and industrial hubs. On the other hand, volatility in cost of raw material is a major limitation for the growth of the market.
The major players active in the market are Atul Chemicals, Hexion, Aditya Birla Chemicals, New Japan Chemical Company, Anhui Xinyuan Chemical Company, Kukdo Chemicals, Emerald Performance Material, SIR Industriale, Huntsman Corporation, and Nagase America Corporation.
Liquid Segment By Physical Form Predicted To Be The Bigger Segment In The Global Market In The Years To Come
The global HBPA epoxy resin market based on physical form has been divided into solid and liquid segments. Liquid form is the faster-growing and larger segment in the global market. It is simple to apply and majorly employed in adhesives, flooring, and wind power cases. It is the most broadly employed resin as it is used in almost each application.
E&E Application Expected To Be The Quicker-Developing Segment In The Global Market In The Years To Come
The global HBPA epoxy resin market based on application has been divided into industrial coating and E&E coating. E&E coating is the faster-growing and larger application of the global market. Due to its excellent physical characteristics, HBPA epoxy resin is majorly employed as a coating substance for high-power electrical devices to prevent the yellowing of their surfaces and defend them from external weather conditions. The rapid industrialization and population growth result in an elevation in requirement for power distribution and generation infrastructure, which powers the requirement for HBPA epoxy resin coating
Asia Pacific Expected To Be The Biggest Market In The Years To Come
Asia Pacific is expected to clock the highest development during the forecast period in the global market. The requirement for HBPA epoxy resin is lofty in developing nations, such as India and China. The developing industrialization and urbanization are resulting in an elevation in requirement for electricity to fulfill the requirements of commercial, industrial, and residential industries. The increase in requirement for power distribution and generation results in an elevated need for HBPA epoxy resin in these nations.
Browse the full “HBPA Epoxy Resin Market - By Application (Industrial Coating, E&E Coating, And Others), By Physical Form (Solid And Liquid), And By Region (APAC, Europe, North America, South America, And Middle East & Africa) - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/hbpa-epoxy-resin-market
The global HBPA epoxy resin market is segmented as follows:
By physical form
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