Global Cycloaliphatic Epoxy Resins Market Size By Product(Solid and Liquid), By End User(Adhesives, Composites, Coatings), By Geographic Scope And Forecast

Cycloaliphatic Epoxy Resins Market Size And Forecast

Cycloaliphatic Epoxy Resins Market is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2028.

The Global Cycloaliphatic Epoxy Resins Market is really taking off, mainly because construction is booming and tons of other industries are using it more. Plus, all the cool stuff happening in aerospace and the automotive world is also fueling growth for these resins. And get this, the electrical and electronics folks are using them more and more too, which is expected to really boost the market in the coming years. The only worry? Those raw material prices can be a bit unpredictable, which might slow things down a little. Want the full scoop? Our Global Cycloaliphatic Epoxy Resins Market report gives you the whole picture, diving deep into the key parts, trends, what's driving things, what's holding them back, who's competing, and everything else that's shaping the market!

Global Cycloaliphatic Epoxy Resins Market Definition

So, cycloaliphatic epoxy resins? They're pretty neat! Think better resistance to moisture and UV rays, plus they hold their color and glass better over time. Electrically, they're top-notch, and they can handle the heat! Because of all this, they're a tempting swap for your standard biphenyl epoxies (like DGEBA and DGEBF). The thing is, a lot of these cycloaliphatic resins are just too runny to really do anything. Now, hydrogenated biphenyl epoxy? That's one of the big players in the cycloaliphatic world. It's got the same "repeat units" as DGEBA, but with a lower viscosity and a transition temperature. Bonus it also boasts much greater modules, improved impact resistance, better dimensional stability when things get hot, and higher thermal stability – we're talking an initial temperature degradation above 305° C!

Just like your typical epoxies, cycloaliphatic epoxies play well with a bunch of different ingredients! We're talking polyfunctional amines, anhydrides, phenols, alcohols, and thiols – the works. These ingredients are often called hardeners or healers, and the process of them all coming together is called, well, healing. Lots of companies use cycloaliphatic epoxy resins these days because they're essential for things like external coatings and adhesives, potting compounds, electronic and electrical encapsulations, gel coats, laminates and fibres, and a whole range of cationic resin and UV curable products. On top of all that, they're also used as reactive diluents and modifiers of alkyd, polyester and other materials with epoxy to help increase filler filling and/or boost color consistency and weathering. Pretty versatile stuff!

Global Cycloaliphatic Epoxy Resins Market Overview

Increasing demand from the construction industry and rising demand for electrical and electronic devices is expected to augment market growth. Technological innovations for the development of cost-effective products are also expected to have a positive impact on growth. In addition, increasing product application scope owing to its advantages, such as strength, durability, and chemical resistance, is expected to fuel the demand for cycloaliphatic epoxy resins market.

The necessity to improve component durability to avoid high replacement costs in several end-use industries including aerospace will propel the cycloaliphatic epoxy resins market. Superior properties including quick-drying, toughness, excellent adhesion, good curing, abrasion resistance, and excellent water-resistivity, make it suitable for providing protection to metals and other surfaces and thus increases overall lifespan.

Furthermore, increasing R&D spending for development in new products will propel product demand. The automotive, marine, and aerospace industries use cycloaliphatic epoxy resins as primers for corrosion protection. will positively influence the cycloaliphatic epoxy resins market value. Trends in the global cycloaliphatic epoxy resins market include market consolidation and technological advancements in process and materials. However, fluctuating prices of raw material may slow down the growth of the market.

Global Cycloaliphatic Epoxy Resins Market Segmentation Analysis

The Global Cycloaliphatic Epoxy Resins Market is segmented On The Basis of Product, End User, And Geography.

Cycloaliphatic Epoxy Resins Market, By Product

• Solid• Liquid

Based on Product, the market is segmented into Solid and Liquid. Solid cycloaliphatic epoxy resin can be thermally cured or cured by cationic UV. It is suitable for use in electronic insulating materials, semiconductor and LED sealing, FRP composites, optoelectronic applications, and in powder coatings. Contains no hydrolysable chlorine and has excellent electrical properties.

Cycloaliphatic Epoxy Resins Market, By End User

• Adhesives• Composites• Coatings• Others

Based on End User, the market is bifurcated into Adhesives, Composites, Coatings, and Others. Adhesive is a non-metallic material applied to one or both of the surfaces of two separate articles, or known as glue, cement, mucilage or paste, which holds them together and withstands separation. In comparison to other bending methods such as stitching, mechanical fixing or welding, the application of adhesives provides many advantages.

Cycloaliphatic Epoxy Resins Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

Okay, so when we look at the Global Cycloaliphatic Epoxy Resins Market, we can break it down by regionNorth America, Europe, Asia Pacific, and then the Rest of the world. Right now, North America is the big spender, the top consumer. Why? Well, things are getting more urbanized and modern, people have more money to spend, and industries like aerospace are demanding more. Plus, it's easy to get the raw materials there, which helps the market grow. The US is expected to be the biggest player in North America's market. Meanwhile, over in Asia Pacific, things are looking good too. The market there is expected to grow really fast, mostly because of the strong electronics and semiconductor industries in that part of the world.

Key Players

The “Global Cycloaliphatic Epoxy Resins Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Hexion, Hunstman, Aditya Birla Chemicals, Emerald Performance Material, Gabriel, and Nantong Synasia.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Product Launches and Product Expansions

• The Aditya Birla Group’s Advanced Materials company plans to invest in a brownfield expansion in Vilayat, Gujarat, India, to increase business capacity by 125 KTPA. Standard and custom epoxy materials, as well as curing agents, will be included. This is in addition to the current manufacturing facilities in Thailand and Germany, which are located in Rayong and Russelsheim, respectively. The Advance Material division of the Aditya Birla Group will continue to play a proactive role in growing and supporting demand growth.

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