Phenoxy Resins Market Strategy, Outlook and Product Development from 2022-2028

 


Phenoxy resins are commonly used in many industries and applications. They are good for coatings, molded parts, adhesives, and more. Certain formulations have unique properties such as improved adhesion, dimensional stability, and flexibility. Phenoxy Resins are produced by using a series of chemical reactions. During each of these steps, the primary and secondary hydroxyl groups are converted into carboxyl groups. This process is repeated until there are no more anhydride groups and is called polymerization, and it can be carried out by either heat, catalysis, or radiation.

The demand for phenoxy resin is increasing from end-use industry, which is expected to propel growth of the global phenoxy resins market over the forecast period. Due to compatibility, efficiency and other lucrative properties of this material it is high in demand in industries such as electronics and automotive among others. For instance, in May 2022, Hexcel introduced its new range of Hexcel resin systems designed from bio-derived resin content for creating material solutions for Energy, automotive, marine and other applications. 

However, changing cost of raw materials resulting from imbalance in supply and demand is likely to hinder growth of the global phenoxy resins market over the forecast period. 

Key players active in the global phenoxy resins market are Nan Ya Epoxy, Mitsubishi Chemical, SHIN-A T&C Co., Ltd., Gabriel Performance Products, LLC, Georgia-Pacific (GP) Chemicals, DIC Corporation, and Kukdo Chemical. 


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