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Global Active Toughening Agent for Epoxy Resin Market 2021: By Type (Rubbery elastomer toughening agent, Thermoplastic resin toughening agent, Hyperbranched polymer, Core-shell latex polymer, Other toughening agents), By End-Use Industry (Building & construction, Automotive & transportation, Electrical & electronics, Marine, Others)Global Active Toughening Agent for Epoxy Resin Market is an upcoming report by Trusted Business Insights. The active toughening agent for epoxy resin market segmentation allows for deeper understanding and thought, to decisively assess, analyze, and study. Apart from revenues for global, regional, and country-wise segments, market revenue segmentation will be presented in a scrupulous manner for clear understanding and flow. The analysis will be conducted using expert opinions and inputs, as well as thorough primary and secondary research efforts to establish aspects of the active toughening agent for epoxy resin market. The global active toughening agent for epoxy resin market report will be segmented on the basis of product type, end-use industry as well as region and countries. The Global Active Toughening Agent For Epoxy Resin market size was valued at USD $80 Billion in 2020, USD $81.44 Billion in 2021, forecasted to reach USD $82.91 Billion in 2022, and is projected to reach USD $95.62 Billion by 2030, and is anticipated to expand at a CAGR of 1.8% over the forecast period from 2020 to 2030.
Overview:Epoxy resins are used in the manufacture of plastics, adhesives, paints, primers & sealers, coatings, flooring as well as other products used in construction and building activities. An active toughening agent is a polymer material with active groups, which can participate in the curing reaction which increases the toughness of epoxy resin. Epoxy resins are manufactured by combining two chemicals – epicholorohydrin (ECH) and bispenol A (BPA).
Dynamics:The construction of new infrastructure and the redevelopment of existing ones due to rapid urbanization is indirectly contributing to the rise in demand for epoxy resin products. This, in turn, is boosting the revenue growth of the global active toughnening agent for epoxy resin market. An increase in the demand for consumer electronics products as well as in the automobile sector due to increasing disposable incomes are other factors that are positively influencing market growth. Once epoxy resin has been cured, it has been found to possess improved properties pertaining to thermal or high corrosion resistance, durability, and versatility. It is due to factors such as these that the demand for epoxy resins in industrial applications is steadily increasing. However, the inconsistent costs associated with the raw materials required to manufacture this product as well as the hazardous risks associated with some of these toughnening agents may possibly restrain market growth in the coming years. Market segmentation in terms of product type is as follows - Rubbery elastomer toughening agent, Thermoplastic resin toughening agent, hyperbranched polymer, core-shell latex polymer, and other toughening agent types. The thermoplastic resin toughening agent segment accounted for the majority revenue share and is expected to continue to do so over the next 10 years. With respect to end-use industry segmentation, the building & construction segment accounted for the majority revenue share of the global active toughening agent for epoxy resin market.
Regional Analysis:Regarding regions, the market in North America accounted for the majority revenue share of the global active toughening agent for epoxy resin market followed by Europe. This can be accredited to robust levels of industrialization in these respective regions.
Below are the leading companies profiled in this Active Toughening Agent For Epoxy Resin Market Report:
Chapter 1 Methodology and Scope