The global epoxy & resins market is on an upward trajectory with its end-use industries registering steady growth. Industries like paint & coatings, constructions, transportation, aerospace, electrical & electronic laminates, marine coatings, composites and decorative powder coatings etc., which are heavy application segments for epoxy & resins, are likely to drive the industry demand in near future as well. Further, increased R&D and technological advancements are expected to create new avenues for their industrial applications. Also there has been an increased wind energy capacity installation due to rapid depletion of traditional sources of energy. This too has fueled the demand for epoxy & resins, since they are also used in making wind turbine blades.
However, even in these exciting times, the epoxy & resins manufacturers need to be wary of a few impediments that they continue to face. The industry is marred by volatility in raw material prices, especially high prices of epoxy. The easy availability of substitutes such as polyurethane and phenolic resins in various applications is also expected to restrict market growth. Then there are environmental concerns and adherence to strict regulations, which is another headache for the epoxy and resins manufacturers, as they need to comply with several regulations and emission standards. Not to mention the intense competition. All these factors, collectively, threaten to hamper the market growth and disrupt manufacturers’ routine activities.
These external factors have forced the manufacturers to seek technology’s help to overcome them. BatchMaster ERP for Epoxy & Resins, a robust ERP solution designed specifically to meet the needs of epoxy & resins manufacturers, helps them take the bull by the horns. With BatchMaster, they can streamline all their business functions and look for strategies such as business expansion, new product development, product launch, etc. to sustain the intense market competition, meet regulatory compliances such as OSHA Hazard Communication Standard, REACH, and VOC emissions standards, as well as several transportation regulations, et al. Some of the other benefits the epoxy and resins manufacturers enjoy with BatchMaster ERP for Epoxy & Resins are: Formula management and security, bi-directional lot traceability, efficient vendor management, by-product and co-product management, warehouse management, HMIS support for safety of workers, intensive quality control, etc.