According to the needs of various industries, a big part of epoxy resins are used to produce formulated or specialty epoxy resins. Formulated or specialty epoxies are modified epoxies and produced for industry applications, which demand additional qualities such as flame retardancy; more weather, thermal, and chemical resistivity; and high adhesion and strength. Industrial adhesives, aerospace, automotive, sports, and leisure industries are key consumers of modified epoxies, and paints & coatings, and construction industries are the key consumers of basic epoxy resins, who are expected to boost the demand in this market.
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Germany accounts for the largest share of the European epoxy resin market. This large share is attributed to its increased use in end-user industries, such as electrical and electronics, paints and coatings, adhesives, construction, and wind turbines. In-depth profiling has been conducted of the key players, along with their recent developments (including new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the European epoxy resin market.
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The major players in this market include, Hexion Inc. (U.S), Dow Chemical Company (U.S), Huntsman Incorporation (U.S), Leuna-Harze Gmbh (Germany), SIR Industriale Spa Zaklady Chemiczne Organika-Sarzyna SA (Italy), and Spolek Pro Chemickou a Hutni Vyrobu A.S. (Czech Republic).
