Demand for HBPA Epoxy Resin from Construction and Electronics Industries Drives Market Growth| MarketsandMarkets™

 The epoxy resin HBPA (hexabromocyclododecane bisphenol A) is created by reacting bisphenol A with hexabromocyclododecane. It is a flame-resistant resin that is widely employed in a variety of industries such as electronics, aerospace, automotive, and construction. HBPA epoxy resin is primarily utilized as a matrix material in composite materials, which are used in high-performance applications requiring outstanding mechanical, thermal, and electrical qualities. The inclusion of hexabromocyclododecane in the resin improves flame retardancy, making it acceptable for use in applications requiring high degrees of fire resistance. The HBPA epoxy resin market is projected to grow USD 2.2 billion by 2023, at a CAGR of 5.1%.

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On the basis of application, the E&E coating segment is estimated to lead the HBPA epoxy resin market

Because of qualities such as good electrical insulation, high mechanical strength, and resistance to chemical and environmental degradation, the E&E coating segment is predicted to lead the HBPA epoxy resin market. Because of these characteristics, it is an excellent choice for a wide range of applications in the electrical and electronics industries, including insulation, encapsulation, and printed circuit boards. The increasing demand for HBPA epoxy resin in the consumer electronics, automotive, aerospace, and medical device industries is likely to boost the growth of the worldwide HBPA epoxy resin market's E&E coating segment.

On the basis of physical form, the liquid segment is projected to lead the HBPA epoxy resin market during the forecast period.

During the projected period, the liquid category is expected to grow at the fastest rate. The increasing demand for HBPA epoxy resin in coatings and adhesives is likely to boost the expansion of the liquid sector. The increased demand for HBPA epoxy resin in the automotive and construction sectors is likely to drive demand for liquid HBPA epoxy resin. Furthermore, HBPA epoxy resins are employed in a wide range of applications, including laminates, composites, ornamental laminates, and electrical and electronics. This is projected to contribute to the expansion of the HBPA epoxy resin market's liquid segment.

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On the basis of region, APAC is estimated to lead the HBPA epoxy resin market

Due to the presence of significant manufacturers there, the Asia Pacific region is anticipated to dominate the worldwide HBPA epoxy resin market. The market is expanding because the region is also the second-largest supplier of electronic components. The region's market is also expanding as a result of rising demand from the automobile, construction, and electronics industries. Other factors propelling the expansion of the HBPA epoxy resin market in the Asia Pacific region include investments in the manufacturing sector, an increase in research and development activities, and an increase in the number of end-use industries in the area.

The key players in the HBPA epoxy resin market include Hexion (US), Atul Chemicals (India), New Japan Chemical Company (Japan), Aditya Birla Chemicals (India) and others.

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