The recent report of Market Research Store on the “Phenoxy ResinsMarket Research” has the complete assessment of the latest trendsof the global Phenoxy Resins market. The report focuses on themanufacturing challenges that are being faced and provides thesolutions and the strategies that have been implemented to overcomethe problems. Deep researches and analysis were done during thepreparation of the report.
Increasing demand for phenoxy resin from end-use industries is majorfactor driving growth of the global phenoxy resins market, owing tocompatibility of phenoxy resin with several polymers. Moreover, theseresins are efficient flexibilizers for cross-linked phenolic andepoxy formulations used in adhesives, coatings, and composites.Composite industry is rising due to end use applications and is usedin automotive and electronics sector. According to Federation ofReinforced Plastics, compared to 2015, a growth of 8.76% was observedin 2016 in global demand for carbon fiber composites.
However, the volatility in raw material prices is a major factorrestraining growth of the global phenoxy resins market. Prices of rawmaterials of phenoxy resins i.e. Bisphenol A and epichlorohydrinfluctuate due to supply and demand imbalance.