Epoxy Novolac Resins Market to Witness Comprehensive Growth by 2026


Epoxy resins are polymeric materials and rarely exist as pure substances. Epoxy resin is defined as a molecule containing more than one epoxide group. These resins are thermosetting polymers and are used as adhesives, high-performance coatings, and encapsulating materials. These resins have excellent electrical properties, low shrinkage, favorable adhesion to many metals, and resistance to moisture. The term epoxy resin refers to both the uncured and the cured forms of the resin. Demand for epoxy resins is high from the industrial sectors due to properties of cured resins such as favorable adhesion to many substrates, relatively high toughness, superior environmental resistance, high electrical resistivity, and low shrinkage.

Read Report Overview @

There are two main categories of epoxy resins, namely glycidyl epoxy and non-glycidyl epoxy resins. Glycidyl epoxies are further classified into diglycidyl ether of bisphenol-A (DGEBA) and novolac epoxy resins. Novolac epoxy resins are glycidyl ethers of phenolic novolac resins. Phenols are reacted in excess with formaldehyde in the presence of an acidic catalyst to produce phenolic novolac resins. Novolac epoxy resins are synthesized by reacting phenolic novolac resins with epichlorohydrin in the presence of sodium hydroxide as a catalyst. Epoxy novolac resins are specifically designed to increase glass transition temperature and improve thermal, chemical, and mechanical resistance. Epoxy novolac resins are primarily used as primary epoxy resins or as modifiers in multi-resin systems.

Global Epoxy Novolac Resins Market: Applications

In terms of application, the epoxy novolac resin market can be segmented into coatings, composites, adhesives & sealants, electrical & electronics, and others. Phenolic novolac resins are widely used in the coatings industry. They are used to formulate high-performance varnishes and oil-based vehicles for dry paints. They are also used as modifiers for various coatings, including standard air-dry alkyd and two component epoxy primers. Epoxy novolac resins improve the adhesion, moisture resistance, and corrosion resistance of primers in painting applications. Furthermore, they are used as curing agents or hardeners for epoxy resins in applications such as molding materials, laminates, coatings, and adhesives. They are also used in casting and tooling applications, coil coatings, marine and protective coatings, photocure industrial coatings, and others. Thus, an increase in demand for epoxy novolac resins from the paints & coating industry is likely to drive the epoxy novolac resins market.

Global Epoxy Novolac Resins Market: Regional Analysis

Based on region, the global epoxy novolac resins market can be divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific holds a major share of the global epoxy novolac resins market due to rapid industrialization, rise in infrastructure activities, and high demand from emerging economies. The epoxy novolac resins market in North America is anticipated to expand at a significant pace during the forecast period, owing to expansion in the electronics industry. The epoxy novolac resins market in Europe is projected to expand at a substantial pace from 2018 to 2026, due to rise in demand for vehicle coatings from the automotive & transportation industry in the region. Latin America and Middle East & Africa are expected to account for a significant share of the global epoxy novolac resins market, owing to increase in investments in the construction and transportation sector. The investments are projected to create new opportunities for the paints & coatings industry in the region, which, in turn, is projected to propel the demand for epoxy novolac resins market in these regions.

Request to view Sample Report:

Global Epoxy Novolac Resins Market: Key Players

Major players operating in the global epoxy novolac resins market include Hexion Inc., Georgia-Pacific Chemicals LLC, and The Dow Chemical Company. Manufacturers engage in strategies such as mergers & acquisitions, agreements, and capacity expansion to maintain a strong foothold in the market and to cater to the rising consumer demand.


Comments

Post a Comment

Popular posts from this blog

Wood Adhesives and Binders Market to Perceive Substantial Growth During 2020 The competitive landscape of global wood adhesive and binders market is fragmented, as only tope four players are responsible for 36% of the total market, as analyzed by Transparency Market Research (TMR). As the market requires huge amount of capital and significant high setup cost some of the key players play a noticeable role. Henkel AG, Dow Chemical Company, 3M Company and Co., KGaA, HB Fuller, and 3M Company are some of the key players analyzed in the report. The global wood adhesive and binders market is consolidated due to the high cost involved to customize products by using innovative technologies. The competition is also fierce due to limited number of players competing against each other. Although new player with strong financial support will pave their way in bio based adhesive formulations. Read Report Overview @ https://www.transparencymarketresearch.com/wood-adhesives-binders-market.html As per the analysis done by the TMR authors, the global wood adhesive and binders market is estimated to reach a valuation of US$ 17.7 bn by the end of the forecast period in 2020. The CAGR is projected to expand at 4.4% between 2014 to 2020. The furniture and subcomponents segment under the application category is estimated to lead the market by attaining 5% CAGR during the forecast period. As per geography, North America leads the global market. The region is witness larger consumption of wood adhesive and binders market in the recent past. Increasing Demand in Construction Industry Could Boost the Market Wood adhesive and binders have a significant role in making cabinets, windows, doors, flooring, plywood, and various other structural panels. The use of wood adhesive and binders is widely seen in furniture and construction areas. As the construction market is estimated to increase at a CAGR of 4.7% during 2016 to 2020, which will significantly boost the demand for wood adhesive and binders during the same period. Rising population in emerging nations, require residential facilities thus propelling the construction and infrastructure market, which will further boost the demand for wood adhesive and binders market. Asia Pacific being the major region where building and construction industry have significantly growing 2015 to 2020. Environmental Concerns May Restrain the Wood Adhesive and Binders Market to Grow at its Full Potential Petroleum based feedstock like vinyl, styrene butadiene, urea, acetate, phenols, acrylates, and polyurethanes helps in manufacturing wood adhesive and binders. As these petroleum feedstock’s are highly dependent on crude oil, even a minute fluctuation in the crude oil prices affects the raw material required to manufacture wood adhesive and binders. Request to view Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3045 Additionally, with the emission of volatile organic compounds (VOC) while manufacturing wood adhesive and binders highly affects the environment and create various health risks. The increasing environmental concerns may restrict the market from attaining its full potential. Thus to mitigate these harmful effects number of governments are bring regulation to restrict the amount of gasses releases while manufacturing adhesives and binders which will help the market to grow in coming years. About Us Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports. Contact Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com

The competitive landscape of global wood adhesive and binders market is fragmented, as only tope four players are responsible for 36% of the total market, as analyzed by Transparency Market Research (TMR). As the market requires huge amount of capital and significant high setup cost some of the key players play a noticeable role. Henkel AG, Dow Chemical Company, 3M Company and Co., KGaA, HB Fuller, and 3M Company are some of the key players analyzed in the report. The global wood adhesive and binders market is consolidated due to the high cost involved to customize products by using innovative technologies. The competition is also fierce due to limited number of players competing against each other. Although new player with strong financial support will pave their way in bio based adhesive formulations. Read Report Overview @ https://www.transparencymarketresearch.com/wood-adhesives-binders-market.html As per the analysis done by the TMR authors, the glob...
Keep reading

High-performance Anti-corrosion Coatings Market to Record an Exponential CAGR by 2024

The global high-performance anti-corrosion coatings market was valued at US$ 12.60 Bn in 2017 and is anticipated to expand at a CAGR of 5.9% from 2018 to 2026, according to a new report titled ‘High-performance Anti-corrosion Coatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR). The global high-performance anti-corrosion coatings market is driven by growth of the global oil & gas industry. Asia Pacific accounts for a major share of the global market, due to growth of construction, marine, and oil & gas industries in the region. Read Report Overview @ https://www.transparencymarketresearch.com/high-performance-anticorrosion-coatings-market.html The number of oil & gas drilling and exploration activities has increased in the last few years. The Gulf of Mexico, Southeast Asia, and North Sea are currently rich in oil & gas resources and they have a large ...
Keep reading

Water Pump Market - Global Industry Analysis , Share 2023 | TMR

Albany, New York, May 29, 2017: Transparency Market Research (TMR) announces a new report on the global water pump market. The report, titled ‘Water Pump Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023,’ profiles the historical development of the market to derive useful patterns regarding the way the market has developed in the recent past. Based on a solid database of past and present data, reliable projections regarding the future growth trajectory of the global water pump market have been provided in the report. The report provides readers with a comprehensive picture of the global water pump market, making it a must-have accessory for interested parties in the market. Browse Market Research Report @ http://www.transparencymarketresearch.com/water-pump-market.html Water pumps have been a necessity in human development and have played a key role in the development of human civilization itself. In recent years, the global w...
Keep reading