Hydrogenated bisphenol-A (HBPA) epoxy resin is utilized to make alkyd, unsaturated polyester, and epoxy resins, which are then used as main ingredients in a variety of technical plastics and paints to improve color stability, weather resistance, and durability. Epoxy resins containing HBPA are frequently used in building paints and varnishes because they improve the longevity of buildings by enhancing the durability of structural components, engineering adhesives, and paints.
The HBPA epoxy resin is cured using various curing agents to give the epoxy networks greater form and memory properties than the bisphenol A epoxy networks. Moreover, Epoxies have undergone rigorous research to determine their impacts on human health and the environment. Cures and solidified epoxy are inert and unlikely to be harmful to humans.
On the basis of physical form, HBPA epoxy resin is bifurcated into liquid form and solid form. It is expected that liquid form would dominate the market, as it is suited for use in casting operations due to its high viscosity and low surface tension. However, as a result of higher manufacturing costs, the solid form segment, is anticipated to expand slowly during the forecasted years.
The market is segmented into E&E coating, industrial coating, and others, on the basis of application. The most prevalent and quickly growing application of HBPA epoxy resin is expected to be E & E Coating. The surging need for power generation and distribution networks as a result of rapid industrialization and population growth is expected to bolster the demand for HBPA epoxy resin coating in E & E applications.
Asia Pacific HBPA epoxy resin market is anticipated to be the fastest growing market throughout the forecast period. The demand for HBPA epoxy resin in the region is driven by the steady increase in the production of goods owing to cheap production cost coupled with surging industrialization in the region.
Asia Pacific has become a significant global industrial hub as a result of innovation and growth brought about by rising end-use sectors and a growing population. Rapid growth and innovation are anticipated to be the main drivers of the region's market for HBPA epoxy resins, coupled with industry consolidation.
Some of the key players in the market include Nagase America Corporation, Hexion, New Japan Chemical Company, Atul Chemicals, Kukdo Chemical, Anhui Xinyuan Chemical Company, Sir Industriale, Emerald Performance Material, Huntsman Corporation, and Aditya Birla Chemicals.
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