The South America epoxy resins market size is anticipated to register a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the strong growth of the construction industry.
Epoxy resins is a receptive polymer and prepolymer that includes epoxide groups. This type of resin reacts either with themselves in the effect of catalyst or with numerous co-reactants such as phenols, amines, and thiols. Epoxy resins have numerous modern applications for an assortment of purposes. It has higher rigid strength and more warm than different types of resins.
Epoxy resin is a durable compound that can be utilized with different materials, including wood, glass, fabric, and metal. Epoxy resins are not water repellent. Exposure to wet or moist conditions can cause crumbling after some time, which can affect their strength. The most widely recognized use of epoxy resin is intended for glue purposes. Epoxy resins are also utilized in the development of vehicles, airplanes, snowboards, and bikes.
The report on the South America epoxy resins market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|Report Title||South America Epoxy Resins Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast|
|Segmentation||Raw Materials (Novolac, DGBEA, DGBEF, Glycidylamine, Aliphatic, and Other Raw Materials) and Applications (Adhesives and Sealants, Paints and Coatings, Composites, Wind Turbines, Electrical and Electronics, and Other Applications)|
|Geographical Scope||Argentina, Chile, Brazil, Columbia, and Rest of South America|
|Report Coverage||Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast|
|Key Players Covered in the Report||3M; Hexion; Covestro AG; Olin Corporation; and Huntsman International LLC
Based on raw materials, the market is divided into novolac, DGBEA, DGBEF, glycidylamine, aliphatic, and other raw materials. The novalac segment is expected to grow at a rapid pace during the forecast period due to its high mechanical strength. On the other hand, the DFBEA segment is anticipated to grow at a healthy rate in the projected timeline.
On the basis of applications, the market is segregated into adhesives and sealants, paints and coatings, composites, wind turbines, electrical and electronics, and other applications. The paints and coatings segment is projected to expand at a considerable CAGR during the forecast period. Epoxy resins are used as binders for coating applications to enhance durability of coating for metal and floor applications. Conversely, the adhesives and sealants segment is expected to grow at a steady rate owing to rapid growth of the automotive and construction industries.
In terms of geography, the South America epoxy resins market is classified as Argentina, Chile, Brazil, Columbia, and Rest of South America. The market in Brazil is expected to constitute a key share of the market during the forecast period due to rising expenditure of government state bodies for the development of public infrastructure.
The South America epoxy resins market has been segmented on the basis of
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