Albany, NY -- (SBWIRE) -- 09/28/2012 -- Epoxy resin is a malleable resin used for a number of applications. The most common application of these resins includes uses in laminates, insulators, jewelry, and others. Epoxy resins are popularly known for their electrical, mechanical, and heat resistant properties, due to which they are best suited in insulation applications. They are also available in a wide range of curing agent variants.
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Epoxy resins are thermosetting polymers known for their variety of industrial applications such as corrosion protection, moisture resistivity, mechanical strength and adhesion among others. Correlation of epoxy resins with different industry applications is driving the growth of the global epoxy resins industry. In addition, growing R&D activities and technological improvements in the modified epoxy resins field is widening the scope for epoxy resins in industrial applications.
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The global market for epoxy resins is segmented based on its applications as follows:
- Paints & coating
- Electrical & electronics
- Building & construction
- Wind energy
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Some of the key players in the market of epoxy resins include 3M (U.S.), BASF SE (Germany), Momentive Performance Material Holding LLC (U.S.), Atul Ltd (India), The Dow Chemical Company (U.S.), Aditya Birla Chemicals Ltd, Huntsman Corporation (U.S.), Kukdo Chemical (South Korea), DuPont (U.S.), Sika AG (Switzerland), Cytec Industries Incorporation (U.S.), and others.
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