The Business of Manufacturing Epoxy Resin (Solvent Free): Increasing Opportunities for Growth

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Looking for a solvent-free epoxy resin that is perfect for your next project? Look no further! The epoxy resin is perfect for a variety of applications and is sure to assist with the impacts you are looking for.

Epoxy resins are known for their durability and strength, making them ideal for a variety of applications. It is a non-reactive polymer that can be used for manufacturing adhesives, coatings, electrical laminates, and fiber-reinforced composites. It is typically made from a mixture of two compounds: a resin and a hardener. When these two compounds are mixed together, they undergo a chemical reaction that causes them to harden into a solid.

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If you are interested in starting a manufacturing business that produces epoxy resin, there are a few things you need to know!

First, you will need to obtain the necessary raw materials. These can be sourced from chemical suppliers or manufacturers.
Next, you will need to invest in some manufacturing equipment. This includes mixers, reactors, and curing ovens.
Finally, you will need to develop a process for manufacturing the resin. This process will need to be optimized to ensure a high-quality product.

Related Business Plan: Synthetic Resins

While there are many different types of epoxy resins on the market, one of the most popular is solvent-free epoxy resin.

Epoxy resins are manufactured with the aid of a solvent-free process. Epoxy resins are a family of basic components or cured end products. The group of reactive prepolymers and polymers known as epoxy resins also referred to as polyepoxides, contain epoxide groups. Companies often abbreviate the chemicals as Ethylene propylene rubber (EPR) when discussing this resin type among themselves for ease of communication.

â€Make your epoxy resin without solvent for a safe and easy process!

The primary manufacturing process for EPR resin is the conversion of EPR to resin through a solvent-free process (i.e. no solvents). Epoxy resins are typically manufactured by a two-step process. In the first step, the epoxy resins are firstly dehydrated to remove their water content. This process is usually done in the presence of a catalyst to help in the process of dehydrification. In the second step, the dehydrated epoxy resins are thermally transformed into their concatemer state (a gel-like material). This process is known as the epoxy curing process and it is followed by the hardening or drying process to complete the manufacturing of epoxy products. The curing process needs to be carefully controlled in order to get the desired effect. Achieving a certain percentage of â€œcureâ€ or â€œconversionâ€ of the epoxy resin is the key to successful processing.

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Epoxy Resin Composition: Epoxy resins are typically formulated with manufacturing aids like catalysts, polymers, lubricants, filler materials, and water-based adhesives. The number of additives determines how the epoxy resin performs in the finished product and how the finished product behaves under specific conditions. For example, a high modulus of resistance is desired for use at low temperatures, so the amount of silica in the epoxy is high. On the other hand, low pH is important for use in low-temperature applications, so the amount of additive is low. The choice of additives is very important in the manufacturing of epoxy resins, so this aspect is the primary focus of the study.

Market Analysis

Epoxy resins are expected to be in high demand in the near future as they add bounce back ability to paint and coating formulas. After a swift recovery from the 2020 tragedy, the construction industry is poised for a comeback in the years ahead, notably in emerging markets like Asia Pacific and Latin America.

According to Precedence Research Reports, the global Epoxy Resin market is estimated to be worth USD 13.4 billion in 2021 and is forecast to a readjusted size of USD 23.4 Billion by 2030 with a CAGR of 7.22% during the forecast period 2022-2030.

The market for epoxy resins is expanding as a result of the increase in construction investment, particularly in residential development. Correspondingly, it is anticipated that the demand for paints and coatings used in the production of vehicles and other durable goods, as well as industrial maintenance applications, will spur the growth of the epoxy resin market.

Epoxy Resin Industry Share

Given the increasing demand in China and India, Asia Pacific has been the region where epoxy resins are most commonly used. The region’s need for paints and coatings has increased as a result of infrastructure development and increased auto production. Rising disposable income and the desire to spend more are expected to drive the market in the coming years. Increasing demand from middle-class families and rising disposable income in emerging economies like China, India, Brazil, and Vietnam, among others, have caused the global automobile industry to recently experience rapid growth.

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Olin, Hexion, and Nan Ya Plastics are the top 3 companies on the market for epoxy resin. Nearly 30% of the market for epoxy resin is accounted for by them.

Important participants include 3M, Aditya Birla Management Corporation, Solvay, BASF SE, Huntsman International, Kukdo Chemical Co., Olin Corporation, Nan Ya Plastics Corporation, Sika AG, Jiangsu Sanmu Group, Jubail Chemical Industries, China Petrochemical & Chemical Corporation (SINOPEC), Hexion, Kolon Industries, etc.

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India is on the move!

Kukdo Chemical India, the company’s second overseas subsidiary, announced plans to enter the Indian market, one of the leading emerging economies after China, with a population of 1.4 billion people and a 7% economic growth rate.

Briefly stated, Epoxy resins are excellent thermoplastics and are commonly used in a variety of industries like aerospace, automotive, packaging, and others. They have low flammability, low viscosity, and excellent heat stability. They have good impact resistance and make excellent adhesives and sealants. They also have good water and oil solubility and low pH values, making them suitable for organic chemical synthesis. Epoxy resins are manufactured by a two-step process. The manufacturing process for EPR resin is very similar to the manufacturing of other epoxy materials. Epoxy resins are typically formulated with various manufacturing aids like catalysts, polymers, lubricants, filler materials, and water-based adhesives. The number of additives determines how the epoxy resin will perform in the finished product and how the finished product will behave under specific conditions.

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