Global Phenoxy Resin Market by Product Type (Phenoxy Resins Pellet, Waterborne Phenoxy Resins, Solventborne Phenoxy Resins and Other Product types), By Application (Composites, Paint & Coatings, Plastics, Adhesives, and Other Applications), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019–2029

Market.us announces publication of its most recently generated research report titled, “Global Phenoxy Resin Market by Product Type (Phenoxy Resins Pellet, Waterborne Phenoxy Resins, Solventborne Phenoxy Resins and Other Product types), By Application (Composites, Paint & Coatings, Plastics, Adhesives, and Other Applications), and by Region – Global Forecast to 2028.”, which offers a holistic view of the global Phenoxy Resin market through systematic segmentation that covers every aspect of the target market.

The global Phenoxy Resin market is projected to be US$ 80 Mn in 2019 to reach US$ 89.4 Mn by 2029 at a CAGR of 1.1%.

Phenoxy resins are thermosetting resins & amorphous thermoplastic polymers. Phenoxy polymer has terminal hydroxyl groups as a repeating unit & thus known as polyhydroxy ethers. According to structure, phenoxy resin is a polyhydroxyether having alpha-glycol groups at the terminal. The average molecular weight ranges approximately from 25 thousand to more than 60 thousand. Phenoxy resins can be derived from epoxy, bisphenol A & epichlorohydrin. The reaction for these thermoplastic polymers is carried out in a solvent known as PM acetate or methyl ethyl ketone with an additional amount of bisphenol to confirm no epoxide remains. The product of the reaction is linear phenoxy resins having a high molecular weight & with narrow polydispersity with a value less than 4. The molecular weight of phenoxy depends on the ratio of epichlorohydrin to bisphenol A used during the reaction phenoxy resins are typically classified as poly epoxy, but when during the polymerization process virtually there is no functional epoxide group attached, such type of phenoxy resins can be classified as polyether as they contain a chain of ether as a functional group throughout their backbone. Properties of phenoxy resins vary according to the formulation, melt index of phenoxy resin is 392°F (200°C) & glass transition temperature range starts from 80 to 100 degrees Celsius.

Request Covid - 19 Impact

Phenoxy resins can be heat cured with anhydrides or isocyanates to form thermosetting polymers. These thermosetting polymers have exceptional mechanical properties such as toughness, cohesive strength, flexibility, etc. Along with this, they are high heat and chemical resistant. When phenoxy resins cross-linked with certain curatives, then the mechanical properties depend on the curative phenoxy ratio. They also contain good oxygen and vapor barrier properties.

Global Phenoxy Resin Market Revenue (US$ Mn), 2018–2028

Phenoxy resins provide various advantages such as excellent adhesion properties, heat resistance, outstanding corrosion resistance, etc. Due to these factors, they are preferred in many applications such as paints, adhesives, plastic, etc. which is increasing their demand in the end-use industry. This factor is driving the growth of the phenoxy resin market in North America.

There is an increased migration rate to cities and suburbs due to increasing employment in such zones. Redevelopment of existing infrastructures and the construction of new ones is on a high due to increasing urbanization. This is indirectly fueling the demand for phenoxy resins in the Asia-Pacific & MEA market.

Based on the product type segment, the market is further divided into phenoxy resins pellet, waterborne phenoxy resins, solvent-borne phenoxy resins & other product types. The phenoxy resins pellet is leading the market because of its broad spectrum of applications, along with a relatively cheaper cost. Based on the application segment, the market is segmented into composites, paint & coatings, plastics, adhesives, and other applications. The paint & coatings segment has the largest market share due to the increasing usage in the automotive & construction industry.

Global Phenoxy Resin Market by Formulation, 2018

On the basis of region, the market is segmented into North America, APAC, and Middle East Africa. North America accounts for the majority share in the Global Phenoxy Resin market, because of its broad spectrum of applications, along with a relatively cheaper cost. Phenoxy resins have also found applications the various abrasives and the additives as a result of which their demand is expected to rise.

The research report on the global phenoxy resin market includes profiles of some of major companies such as Nippon Steel & Sumitomo Metal Corporation, Merck & Co., Inc., Mitsubishi Chemical Holdings Corporation, Hexion, DIC Corporation, Gabriel Performance Products Llc, KUKDO Chemical (Kunshan) Co., Ltd., Georgia-Pacific (GP) Chemicals, SHIN-A T&C and other companies.

Key Market Segments:

Type

• Phenoxy Resins Pellet
• Waterborne Phenoxy Resins
• Solvent-Borne Phenoxy Resins

Application

• Composites
• Paint & Coatings
• Plastics
• Adhesives And Other Applications

Key Market Players included in the report:

• Nippon Steel & Sumitomo Metal Corporation
• Merck & Co.Inc.
• Mitsubishi Chemical Holdings Corporation
• Hexion
• DIC Corporation
• Gabriel Performance Products Llc
• KUKDO Chemical (Kunshan) Co.Ltd.
• Georgia-Pacific (GP) Chemicals
• SHIN-A T&C

For the Phenoxy Resin Market research study, the following years have been considered to estimate the market size: