Epoxy Resin production is mainly dominated by Hexion, Olin, Huntsman, DowDupont, Kukdo Chemical, Chang Chun Group and Nan Ya Plastics Corporation.
Asia Pacific is major production regions of Epoxy Resin, which contributes about ~65% of total production market. The worldwide market for epoxy resin is expected to grow at a CAGR of roughly 5.89% over the next five years, will reach approximately USD 9.8 Billion in 2022.
Epoxy resins are a family of monomelic or oligomeric material that can be further reacted to form thermoset polymers possessing a high degree of chemical and solvent resistance, outstanding adhesion to a broad range of substrates, a low order of shrinkage on cure, impact resistance, flexibility, and good electrical properties. (From: Applied Polymer Science: 21st Century, 2000).
Epoxy resins's reactivity enables them to bond well to fibers and their toughness—are the thermoset resins that, combined with glass, carbon, or aramid fibers, produce composite materials with the best properties of most thermosets.