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Global Epoxy Market Expects Solid Growth Over Next Five Years

Projected Growth of Global Epoxy Market is No Surprise, Says Construction Systems Supply Corp.

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - Sep. 23, 2012 - (Seattle, WA) – September 24, 1012 – A September 2012 report by MarketsandMarkets titled “Global Epoxy Resin Market by Application & Geography – Market Estimates up to 2017” predicts that global revenue for epoxy resins will reach $8.4 billion by 2017. One factor attributed to the projected growth is the continually increasing use of epoxy resins in industrial applications.

Construction Systems Supply Corporation (CSS Corp.), a leading supplier of high quality epoxy resins for industrial and commercial use, says the latest figures from MarketsandMarkets (M&M) fall right in line with the recent increase in demand the company has seen for their products and services.

“Epoxy resins currently have a wide range of uses, and as future research continues to improve the ability for epoxies to be utilized by other industries, it’s no surprise that demand is expected to grow.” said Ron Riva, CEO of Construction Systems Supply Corporation. “In the industrial and commercial fields alone, epoxies are routinely used for things such as  floor coatings, concrete repair, and protecting industrial equipment from corrosion. Epoxy resins can be easily applied to a variety of concrete and metal surfaces.”

Per the M&M report, epoxies are also largely used in the paints and coatings industries, and the construction, composites and adhesives, electrical, wind turbine, and electronics industries.

Even with the projected integration of epoxies into new markets, the M&M report does identify one major stumbling block that could hinder the ability of some epoxies to truly thrive: health hazards associated with the product’s use. Many industrial strength epoxies contain solvents and chemicals that produce hazardous vapors and often require the end-user to undergo hazmat training prior to using the product. However, with consumers becoming increasingly environmentally aware, today’s market has shifted in favor of those companies offering “green” or eco-friendly products. To meet the demand of today’s environmentally conscious consumer, industrial epoxies will ultimately need to become more eco-friendly.

One technology that has already broken through the environmental barrier is Construction Systems Supply Corporation’s ECO-POLYMER epoxy coating. The ECO-POLYMER is a new generation hybrid epoxy coating that is solvent-free and environmentally safe. The ECO-POLYMER is a NOVOLAC epoxy and can be cured using both hazmat or non-hazmat curing agents. Depending on the application, the ECO-POLYMER can be applied with a roller, brush or even as a spray. In addition, the epoxy is low-VOC and basically odorless, enabling it to be applied in occupied areas.

NOVOLAC epoxies are high-end epoxies that are generated using a special chemical compound (Bis F). This particular compound results in an epoxy with improved chemical and heat resistance. While epoxies generated with the more common Bis A compound will typically handle 70% sulfuric acid, a good NOVOLAC epoxy will handle 97% or 98% sulfuric acid. For more information on NOVOLAC epoxies and ECO-POLYMER applications, visit: http://www.csscorp.net/resources/everyones-guide-to-epoxy.

Additional details on key market drivers, challenges and opportunities in the epoxy market are provided in the full M&M research report, which may be accessed at: http://www.marketsandmarkets.com. For more information about epoxy resins, visit:  http://www.csscorp.net.

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