Crystal Clear Epoxy Resin In Raigarh

The global epoxy resin market was valued at approximately $8 billion in 2016. The epoxy resin market is dominated by the Asia-Pacific region, which contributes 55.2% of the total market share. China is the major producer and consumer globally, consuming almost 35% of the global resin production. The global market is made up of approximately 50–100 manufacturers of basic or commodity epoxy resins and hardeners. In Europe, about 323,000 tonnes of epoxy resin were manufactured in 2017 generating some €1,055 million in sales. Germany [50] is the largest market for epoxy resins in Europe, followed by Italy, France, the UK, Spain, the Netherlands and Austria.

These commodity epoxy manufacturers mentioned above typically do not sell epoxy resins in a form usable to smaller end users, so there is another group of companies that purchases epoxy raw materials from the major producers and then compounds (blends, modifies, or otherwise customizes) epoxy systems from these raw materials. These companies are known as "formulators". The majority of the epoxy systems sold are produced by these formulators and they comprise over 60% of the dollar value of the epoxy market. There are hundreds of ways that these formulators can modify epoxies—by adding mineralfillers (talc, silica, alumina, etc.), by adding flexibilizers, viscosityreducers, colorants, thickeners, accelerators, adhesion promoters, etc.

art epoxy resin manufacturer in raigarh