Applications of Phenoxy Resins are anticipated to create new business segments in the market. Phenoxy Resins is in use for a broad range of Adhesives products such as coating modifier, adhesives & plastics additive & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Phenoxy Resins application is developed towards a more active mode.
Manufacturers are exploring the potential of Phenoxy Resins in Coatings. Application of Phenoxy Resins in computer parts are gaining traction in the recent years. Recently, manufacturers have started using Phenoxy Resins in the Composites area. Further, there are also potential uses in the areas of instruments food and drug rigid packaging.
This segment includes Phenoxy Resins Pellet, Solventborne Phenoxy Resins, etc. In terms of volume, Phenoxy Resins Pellet segment is expected to remain dominant in the global Phenoxy Resins market.
North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are included in this report. USA is the dominant market in the global Phenoxy Resins market in terms of value. The USA Phenoxy Resins market was estimated to be valued at US$ 54.29 Mn in 2017 and is expected to expand at a value CAGR of 1.7% over the forecast period. The Europe market is expected to expand at a robust rate of 1.6% in terms of revenue over the forecast period due to the steadily increasing production capacity for coating modifier products in this region.
Gabriel Performance Products, DIC, Kukdo Chemical, Mitsubishi Chemical, ShinA T&C, Hexion, etc. are the key vendors included in this report.
The market concentration of Phenoxy Resins is medium. The supply and demand relationship in the industry has been stable and modest. Of the 2017 global market, the top 5 companies, account for more than 40.00% of sales. Gabriel Performance Products Chemical is by far the leader, followed by DIC and Kukdo Chemical. Key Vendors like Mitsubishi Chemical, Shinai T&C, and Hexion, also play important part in regional market, so the market share in each region is quite different.
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