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How to Start an Epoxy Resin Industry| Demand of Epoxy Resins | Manufacturing of Epoxy Resins (Polyepoxides) | Production of Synthetic Resins | Epoxy Resins Manufacturing Business
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How to Start an Epoxy Resin Industry?
Epoxy resins are widely used in many different industries, including construction, automotive, aerospace, electrical and electronics, consumer products, plumbing and plumbing fixtures, marine and boat building, and coatings. There are thousands of different types of epoxy resins available on the market, each one with its own unique properties that affect their suitability to specific uses. Here’s how to start an epoxy resin industry that serves the needs of your local community while creating an excellent business opportunity for yourself.
What is Epoxy Resin?
Epoxy resins are polyepoxides which are a class of reactive prepolymers and polymers which contain epoxide groups. They can be used as adhesives, sealants, and surface-coating materials. Due to their wide range of application and relative low cost, they are often referred to as phenolics. The reaction products themselves are typically called epoxy resins. (Epoxy is a backronym for epoxide resin.)
Types of Epoxy Resins
The main applications of epoxy resins are as adhesives and coatings. The major types of epoxy resins are aliphatic, aromatic, glycidyl ethers and polyglycidyl ethers.The others include reactive diluents, diglycidyl ethers, cycloaliphatic epoxies.
Applications of Epoxy Resins
Polyepoxides are widely used in many fields of human activity, including medicine, woodworking, plastics, paints, coatings and construction. Epoxy resins manufacturing can be divided into three major categories according to their main application areas: resins used for protective coatings or adhesives; construction materials made from re-molded epoxies; high performance materials used in many industries.
Market Size
If you’re thinking about starting a new business in an expanding industry like that, there are several things you should consider before jumping in. Keep reading for everything you need to know about getting started with epoxy resins. Based on recent industry figures, epoxy resins are one of the largest-selling industrial chemicals worldwide, totaling close to $30 billion per year. This number is expected to grow as developing countries continue their rapid industrialization. The global market for epoxy resins was forecasted by Future Market Insights (FMI) analysts in 2014 to reach $31.46 billion by 2020, which represents a compound annual growth rate (CAGR) of 3.6 percent between 2015 and 2020.
Industry Trends
Since 2014, Asia-Pacific countries have shown considerable growth in terms of demand and consumption of polyepoxides, with China being a major consumer. In 2015, Asia-Pacific accounted for almost a third of global polyepoxides market demand. The region is projected to be a key player in terms of increasing demand over coming years as well. Asia-Pacific is home to some large markets for epoxy resins such as China and India.
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| M/s. Mannai Co. Ltd. | UAE | |
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| M/s. Nabil Bank Ltd. | Egypt | |
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| M/s. NR Chemicals & Organics Industry | Japan | |
| M/s. Pisu & Co. Ltd. | Poland | |
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| M/s. The Dharamsi Moraji Chemical Co. Ltd. | Mumbai, Maharashtra | Pre-Investment Feasibility Report for Establishment of Sulphuric Acid Plant including Manufacture of Chlorosulphonic Acid, 23 % Oleum |
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