Phenoxy resins are extensively used in many different industries and tasks. They function well for coatings, moldable parts, adhesives, and other things. In some formulations, improved adhesion, dimensional stability, and flexibility are special properties. Phenoxy resins are made using several different chemical processes. Each of these processes results in the conversion of the main and secondary hydroxyl groups into carboxyl groups. By using heat, catalysts, or radiation, the process is known as polymerization. Up till there are no more anhydride groups, this process is repeated.
The end-use industry's rising demand for phenoxy resin is anticipated to fuel market growth for phenoxy resins globally in the approaching years. This material is highly sought after in a variety of industries, including the electronics and automotive ones, because of its compatibility, efficiency, and other desirable qualities. For instance, Hexcel debuted its most recent lineup of Hexcel resin systems in May 2022. These systems are used to provide practical solutions for the automotive, maritime, and other industries as well as the energy sector. Their resin is produced using bio-resources. However, it is projected that there will be growth barriers in the phenoxy resins market throughout the forecast period as a result of fluctuating raw material costs brought on by an imbalance in supply and demand.
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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