Epoxy Resin is an organic chemical compound that can hold materials together and is gluey in texture. It comprises carbon chains linked to other chemical elements. It also contains an epoxide group that reacts in the presence of hardening agents. The compound can be colored with different pigments and turns shiny after hardening.
Epoxy Resin is resistant to heat, chemicals and has excellent shear strength. It is also known as polyepoxides, prepolymers, or polymers containing epoxide groups. The compound reacts with various hardening agents such as polyfunctional amines, phenols, acids, thiols, alcohols, and themselves, for that matter. These cross-links are often called curing, and the co-reactants are known as curatives.
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India, Vietnam, and the United States are the primary importing countries to import Epoxy Resin. On the other hand, South Korea, China, and India are the key exporting countries for the same.
Key Details About the Epoxy Resin Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Epoxy Resin price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Epoxy Resin Price Trends, including India Epoxy Resin price, USA Epoxy Resin price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Epoxy Resin Price Trend:
Epoxy Resin is a chemical polymer containing an Epoxy functional group used to manufacture paints, plastics, adhesives, sealers and primers, coatings, flooring, and other materials or products used for construction. It is a tough material, portraying significant thermal and chemical resistivity, due to which it is used to laminate decks, walls, and roofs. Its durability protects the material or surface and is used for coating metals like steel, cast iron, aluminium, etc.
Additionally, the compound is water, and heat-resistant. It is resistant to chemicals such as acids and alkalis, making it a suitable material for any environmental condition. It is used for countertops, heavy infrastructure like bridges and roads, and supporting structures like arcs, pillars, and buildings.
Key Players:
- BASF SE
- Dow
- Hexion
- Huntsman Corporation
- Olin Corporation
- Solvay SA
News & Recent Development
- Date: April 5, 2023– The global chemical manufacturer Olin Corporation is processing a cessation of its Epoxy facilities due to reduced demand in the global market. However, the company may consider reinvestments in the future.
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