Global Phosphorus Modified Resins Market Overview:
Epoxy resins are frequently utilized to provide the coatings, adhesives, reinforced plastics, and molding compounds needed in a variety of industries. To meet various industrial demands, such as improved mechanical qualities, thermal stability, or electrical properties, the demand for new epoxy resins has increased. Phosphorus Modified Resin's tensile and flexural strengths are comparable to those of the composition without synthetic epoxy resin. However, the compositions' heat release rates showed a tendency to decline in direct proportion to the amount of PPME.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing demand for modified resins in wind & solar energy due to increasing focus on renewable sources of energy
Market Growth Drivers:
Growing automotive & transportation industry, Increase in demand for modified resin and Increasing Demand from Building & Construction
Challenges:
Need for continuous improvement in product offering and Stringent Regulatory Consents and Saturated Use in Developed Economies
Restraints:
High processing and manufacturing cost and Recycling-related issues
Opportunities:
Increasing demand from emerging economies and Increasing use of modified resins in the growing aerospace industry
Competitive Landscape:
Global Phosphorus Modified Resins is a consolidated market due to the presence of few players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Hexion (United States), SHIN-A T&C Co., Ltd. (South Korea), BASF (Germany), ICL (Israel), Evonik Industries (Germany), Guangxi Tongxuan Lixin Chemical (China), Siemens (Germany) and Clariant AG (Switzerland).
Latest Market Insights:
In March 2022, Hexion Holdings Corporation announced the closing of the acquisition of the Company by affiliates of American Securities LLC for USD 30 per share in cash. Hexion is a leading global producer of adhesives and performance materials that enable the production of engineered wood products and other growing specialty materials. The Company has 26 manufacturing facilities globally and approximately 1,300 employees.
In September 2021, Tethon 3D had announced the issuance and publication of its latest patent which enables the 3D printing of composite resins. The ‘Photopolymer Development Resin Base for Use with Three-dimensional Printer’ (US Patent number 11,126,088) patent covers a product line manufactured by Tethon 3D under the commercial name ‘Genesis’, a group of photo-curing polymer resins for use in the formulation and full-scale production of SLA and DLP 3D printing materials.
What Can be Explored with the Phosphorus Modified Resins Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Phosphorus Modified Resins Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Phosphorus Modified Resins
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Phosphorus Modified Resins market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Phosphorus Modified Resins market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Phosphorus Modified Resins Developers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.