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Epoxy Resins Market

Epoxy Resins Market Size, Share & Segment By physical Form (Solid, Liquid, Solution), By Type (DGBEA , DGBEF, Novolac, Aliphatic, Glycidylamine, Others), By Application (Paints & Coatings, Adhesives & sealants, Composites, Electronic Encapsulation & Others), By End Use Industry (Building &construction, Transportation, General industrial, Consumer goods, Wind energy, Aerospace, Marine), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/C&M/1461 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Epoxy Resin Market is excepted to reach USD 36.93 billion by 2028, with a CAGR of 7% during the forecast period 2022 to 2028, The market was valued at USD 23 billion in 2021. Epoxy resin has been increasingly popular among businesses and individuals in recent years. Epoxy resin does not corrode when exposed to most substances, which is one of the reasons behind this. When it's exposed to the elements, the same thing happens. Most other materials on Earth show regular wear and tear, but it doesn't.

Epoxy Resin Market Revenue Graph

Epoxy resin is also extremely malleable and adaptable. These are some of the reasons why epoxy resin is used in transportation and other industries. Epoxy resin is a thermosetting polymer that is made by copolymerizing an epoxide with a molecule that has two hydroxyl groups. High thermal stability, Corrosion resistance, superior mechanical strength, prolonged durability, remarkable toughness, chemical and moisture resistance, and exceptional adhesion are some of the features that make these resins stand out in a variety of industrial applications. Epoxy resins are used in a variety of sectors, including paints and coatings, adhesives, composites, and electronic encapsulation.

Drivers

Most paints contain epoxy resin as a key component. This is what thickens it so that it adheres to the instrument being used to paint a surface. Paints, on the other hand, aren't so thick that they can't be smeared over surfaces! Epoxy resin also makes the paints stronger, more lasting, and less susceptible to corrosion.

Epoxy resins can also be used as priming, topcoat, and topcoat. This is due to two key factors. The first is that epoxy resins protect items from UV radiation from the Sun. The second benefit is that they improve the appearance of the objects and materials they coat.

RESTRAINTS

Epoxy resin is made from essentially commodity-grade raw materials. The prices of these goods fluctuate widely and on a daily basis. As a result, the cost of producing epoxy resins rises, as does the final price of these items.

OPPORTUNITIES

One of the most pressing issues confronting the worldwide epoxy resin business is the need to continue developing lightweight, low-cost products. Manufacturers of defence planes, vehicles, and equipment all across the world can already employ a variety of alternative resins. The majority of these are just as effective as epoxy resins, but at a fraction of the cost.

CHALLENGES

One of the most significant difficulties facing the worldwide epoxy resin business is continuing to produce lightweight, low-cost products. Alternative resins are already available for use by defence aviation and vehicle/equipment makers all over the world. The majority of these are just as effective as epoxy resins at a fraction of the cost.

IMPACT OF COVID-19 Analysis

Due to stopped production activity, supply and transportation restrictions, and an economic slowdown around the globe in 2020, the COVID-19 pandemic had a detrimental influence on epoxy resin demand in a variety of applications, including paints and coatings, adhesives, wind turbines, and others. The resumption of industrial operations, on the other hand, is expected to have a favourable impact on product demand in the future years. All over world and governments realise it. They find to impose lockdown and quarantines because of this. These were only temporary because they weren't effective in stopping the virus from spreading. Many enterprises across a wide range of industries were forced to close or substantially curtail their output. The epoxy resin business around the world was no exception. In fact, less epoxy resin is being produced as the cost of the raw materials used to make epoxy resin has climbed dramatically. This has an effect on the firm's overall CAGR.

Key-Players

Kukdo Chemical Co., Ltd, Inc, Atul Ltd, Ciech S.A., Huntsman International Llc, China Petrochemical Corporation, Hexion, Chang Chun Group, Spolchemie, Macro Polymers, Dow, Aditya Birla Chemical, Kolon Industries, Olin Corporation, and Others.

Market Segmentation:

By Physical Form

  • Solid

  • Liquid

  • Solution

By Type

  • DGBEA (bisphenol A & ECH)

  • DGBEF (bisphenol F &ECH)

  • Novolac (formaldehyde & phenols)

  • Aliphatic (aliphatic alcohols)

  • Glycidylamine (aromatic amines & ECH)

  • Others

By Application

  • Paints & Coatings

  • Adhesives & sealants

  • Composites

  • Electronic Encapsulation & Others

  • Others

By End Use Industry

  • Building &construction

  • Transportation

  • General industrial

  • Consumer goods

  • Wind energy

  • Aerospace

  • Marine

Epoxy Resin Market Segment Pie Chart

Regional analysis:

Epoxy resin is mostly utilized in the North American region to produce second-hand cars and to improve the appearance and functionality of used cars. For these reasons, the North American region has the largest market share. Many automobile and other motor vehicle manufacturers, particularly in the United States and Canada, wish to employ epoxy resin as a topcoat to make them look brighter, more appealing, more robust, stronger, last longer, and work better. The end result is a stylish and safe automobile.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Epoxy Resin Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 23 Billion
Market Size by 2028 US$ 36.93 Billion
CAGR CAGR of 7% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By physical Form (Solid, Liquid, Solution)
• By Type (DGBEA , DGBEF, Novolac, Aliphatic, Glycidylamine, Others)
• By Application (Paints & Coatings, Adhesives & sealants, Composites, Electronic Encapsulation & Others)
• By End Use Industry (Building &construction, Transportation, General industrial, Consumer goods, Wind energy, Aerospace, Marine)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Kukdo Chemical Co., Ltd, Inc, Atul Ltd, Ciech S.A., Huntsman International Llc, China Petrochemical Corporation, Hexion, Chang Chun Group, Spolchemie, Macro Polymers, Dow, Aditya Birla Chemical, Kolon Industries, Olin Corporation, and Others.


Frequently Asked Questions (FAQ) :

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

 

Ans: Due to stopped production activity, supply and transportation restrictions, and an economic slowdown around the globe in 2020, the COVID-19 pandemic had a detrimental influence on epoxy resin demand in a variety of applications, including paints and coatings, adhesives, wind turbines, and others.

Ans: Continuing to produce lightweight and low-cost products are the challenges faced by the antimicrobial plastics Market

Ans: Epoxy resin is also extremely malleable and adaptable. These are some of the reasons why epoxy resin is used in transportation and other industries.

Ans: Epoxy Resin Market is projected to be worth USD 11.06 billion by 2028, registering a CAGR of 7% during the forecast period (2022 - 2028)., The market was valued at USD 7.37 billion in 2022.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

 

4.1 COVID 19 Impact Analysis

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Epoxy Resins Market, By physical Form

8.1 Solid

8.2 Liquid

8.3 Solution

 

9. Global Epoxy Resins Market, By Type

9.1 DGBEA (bisphenol A & ECH)

9.2 DGBEF (bisphenol F &ECH)

9.3 Novolac (formaldehyde & phenols)

9.4 Aliphatic (aliphatic alcohols)

9.5 Glycidylamine (aromatic amines & ECH)

9.6 Others

 

10. Global Epoxy Resins Market, By Application

10.1 Paints & Coatings

10.2 Adhesives & sealants

10.3 Composites

10.4 Electronic Encapsulation & Others

10.5 Others

 

11. Global Epoxy Resins Market, By End Use Industry

11.1 Building &construction

11.2 Transportation

11.3 General industrial

11.4 Consumer goods

11.5 Wind energy

11.6 Aerospace

11.7 Marine

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2    Canada

12.2.3    Mexico

12.3        Europe

12.3.1    Germany

12.3.2    UK

12.3.3    France

12.3.4    Italy

12.3.5    Spain

12.3.6    The Netherlands

12.3.7    Rest of Europe

12.4        Asia-Pacific

12.4.1    Japan

12.4.2    South Korea

12.4.3    China

12.4.4    India

12.4.5    Australia

12.4.6    Rest of Asia-Pacific

12.5        The Middle East & Africa

12.5.1    Israel

12.5.2    UAE

12.5.3    South Africa

12.5.4    Rest

12.6        Latin America

12.6.1    Brazil

12.6.2    Argentina

12.6.3    Rest of Latin America

 

13. Company Profiles

13.1Aditya Birla Chemicals (India),

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Kukdo Chemical Co., Ltd (South Korea),

13.3 Kolon Industries (South Korea), Inc,

13.4 Atul Ltd (India), Ciech S.A. (Poland),

13.5 Huntsman International Llc (U.S.),

13.6 China Petrochemical Corporation (China),

13.7 Nan Ya plastics corporation (Taiwan),

13.8 Hexion (U.S.),

13.9 Chang Chun Group (Taiwan),

13.10 Spolchemie (Czech Republic),

13.11 Olin Corporation (U.S.),

13.12 Macro Polymers (India),

13.13 Dow (U.S.)

 

14. Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

 

 

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