Epoxy Resin Market - Forecast(2022 - 2027)

Report Code: CMR 0656 Report Format: PDF + Excel

Global Epoxy Resin Market Outlook

Technological advancements have enabled the development of sustainable architectural countertops and surfaces, manufactured from composite blends of recycled glass and epoxies as well as other usually wasted post-consumer materials. With the usage of innovative technology, most of the materials that are recycled can be composed and used by builders to achieve Leadership in Energy and Environmental Design (LEED) credits. Epoxy resin is a type of organic polymers which includes a wide variety and continuous development in its products. It can be used as structural adhesives, coatings, paints, fluxes, and the matrix resin of fiber-reinforced plastic materials.  The increasing demand for paints and coatings in construction sector is driving the growth of the epoxy resin market.

According to a recent market research report from IndustryARC, the global epoxy resin market size was approximately $2,460 million as of 2018, and the demand is projected to increment at a CAGR of 2.5% over the forecast period of 2019 to 2025. Based on the epoxy resin market analysis, the Americas holds the largest market share exceeding 35% in 2018. The key application of epoxy resins is at construction sector in this region, and the demand for this application is projected to increment at a CAGR of 3.5% over the forecast period. In the construction sector, epoxy resins are used to provide strong bonding adhesives, sealants, and fillers. These are the replacements for various mechanical fixings such as bolts, screws, studs, and setscrews.

Epoxy Resin Market Demand Analysis

Epoxy resins are widely used in aerospace, automotive, transportation, electrical, food and beverages, and chemical industries. It is the most common thermosetting polymer used in the aircraft marketplace. It is used as a structural adhesive in aircraft joints and repairs. The growing usage of these in wide array of consumer and industrial applications is because of its key attributes of toughness, strong adhesion, and chemical resistance. Epoxy resin market players also offer products that are used in different sporting equipment including surfboards, skis, tennis racquets, and golf clubs. Brominated epoxy resins are extensively used as flame retardant sealing material, matrix for composites and flame retardant adhesive for laminated plates in the fields of electronics, electric appliance, marine, and construction. 

In the transportation sector, epoxy resin are used in cars, trucks, trains, and motorcycles. In cars, epoxy coats are applied to the external part of the vehicle through the cathodic electrodes position (CED) process. It also provides water and corrosion resistance, and prolongs the life of components. In trains, epoxy resins avoids damage from debris, increases service life and helps in maintaining the weight. In food and beverages industry, epoxy resins protects food from contamination, lower production costs.. They protect machinery from chemicals in cleaning products extending operational lifetimes.

Additionally, epoxy resins are used in construction of wind turbine blades and applied as protective coatings. They provide blades with enough strength and toughness with low weight, enabling longer blades. On the back of governmental emphasis on green sources of energy, the epoxy resin market size if expected to expand well. These are also used in electrical and energy distribution systems as sealants, coatings, and adhesives. They are used as protective coatings in large generators and on printed circuit boards and contribute to longer-lasting and more reliable modules and electricity distribution and supply.

Epoxy Resin Market: Disruptive Drivers and Trends

  • Increasing popularity of different type of proactive coating resins which includes alkyd, acrylics, epoxy, polyurethane, and polyester in various end-use applications such as construction, building, and marine industries. 
  • Growth in the coating additives industry is one of the key trend contributing towards the growth of the epoxy resin market. Due to the attractive properties of the product, epoxy coatings are used in several applications like paints, coatings, building, and construction.
  • Increasing adoption of epoxy resins in marine applications. These are suitable for preparing wood boats, as they are less porous than the rest of the available types of boats. 
  • Increase in usage of DiGlycidyl Ether of Bisphenol-A (DGEBA) epoxy resin in construction industry is creating new revenue avenues for the players operating in the epoxy resin market. The DGEBA resin is the condensation product of bisphenol-A and epichlorohydrin which have excellent adhesion, chemical, and heat resistance properties.

Epoxy Resin Market: Competitive Landscape

  • Some of the major players operating in the epoxy resin market are DowDuPont, Nan Ya Plastics, BASF SE, Hexion, Huntsman, Jiangsu Sanmu Group, Changchun Chemicals, Aditya Birla Chemicals, Ciech S.A., and Dalian Qihua. 
  • Huntsman designed cycloaliphatic epoxy resins are widely used in indoor and outdoor applications such as medium-to-high voltage electrical insulation. These are designed for the downstream users who needs high-temperature resistance and UV resistance. Huntsman toughened epoxy resins improve the properties of standard epoxy resin systems, which are well-suited for formulators working with adhesives, and composites.
  • Nan Ya is one of the top epoxy resin market companies which supplies different models of epoxy resins such as Liquid Epoxy Resin, BPF Epoxy Resin, Diluted Epoxy Resin, Solid Epoxy Resin, and so on. It offers various characteristics for the epoxy resins which includes storage stability, water resistance and chemical resistance, excellent performance on hardness, and so on. These reins can be used in civil engineering, motor, paper laminate, insulator, composites, and RC reinforced for crack adhesive.
  • Ciech S.A. is the only producer of epoxy resins in Poland, producing solid epoxy resins for the powder paints, which are widely used in the production of metal elements exposed to adverse conditions, such as protection of pipes, valves, tanks and tools and car parts. They provides excellent mechanical strength and also high resistance to aggressive chemicals. These resins produce highly aesthetic coatings in the production of home appliances, steel furniture, bicycle, and toys.
  • Hexion, another key players in the global epoxy resin market, is well known for offering a wide range of proven, consistently high performing epoxy resin materials to the customers. Its Waterborne epoxy resins and curing agents enable a wide variety of low or no-volatile organic compound (VOC) end products with solvent borne technology. Its functional modifiers allow formulators to improve the performance properties and processing characteristics of their resin systems.
  • Additionally, Aditya Birla Chemicals markets its epoxy products under the brand name of Epotec. They manufactures high stability waterborne epoxy resins, which offers excellent dilution efficiency. Aditya Birla Chemicals (Thailand) Limited manufactures a wide range of waterborne epoxy resins, which exhibit high stability and excellent dilution efficiency. The waterborne epoxy resins offer different functionalities for a variety of applications.

Epoxy resin is a type of organic polymers which includes a wide variety and continuous development in the products. Owing to its functional characteristics it is employed by various sectors including automotive, wind power, aerospace and construction. The increasing demand for paints and coatings in construction sector is driving the growth of the market. Increase in usage of DiGlycidyl Ether of Bisphenol-A epoxy resin in construction industry is creating new revenue pockets for the players operating in the epoxy resin market.

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1. Epoxy Resin Market - Overview
1.1. Definitions and Scope
2. Epoxy Resin Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Epoxy Resin Market 
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis 
4. Epoxy Resin Market – Startup companies Scenario Premium
4.1. Top 10 startup company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Market Shares
4.1.4. Market Size and Application Analysis
4.1.5. Venture Capital and Funding Scenario
5. Epoxy Resin Market – Industry Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing business index
5.3. Case studies of successful ventures
5.4. Customer Analysis – Top 10 companies
6. Epoxy Resin Market Forces
6.1. Drivers
6.2. Constraints
6.3. Challenges
6.4. Porters five force model
6.4.1. Bargaining power of suppliers
6.4.2. Bargaining powers of customers
6.4.3. Threat of new entrants
6.4.4. Rivalry among existing players
6.4.5. Threat of substitutes 
7. Epoxy Resin Market - Strategic analysis
7.1. Value chain analysis
7.2. Opportunities analysis
7.3. Product life cycle
7.4. Suppliers and distributors Market Share
8. Epoxy Resin Market – By Form (Market Size -$Million / $Billion)
8.1. Market Size and Market Share Analysis 
8.2. Application Revenue and Trend Research
8.3. Product Segment Analysis
8.3.1. Introduction
8.3.2. Solid
8.3.3. Unmodified Liquid
8.3.4. Modified Liquid
8.3.5. Solution
9. Epoxy Resin Market – By Formulation (Market Size -$Million / $Billion)
9.1. Introduction
9.2. One Part Epoxy Resin
9.3. Two Part Epoxy Resin
10. Epoxy Resin Market – By Application (Market Size -$Million / $Billion)
10.1. Introduction
10.2. Paints & Coatings
10.3. Adhesives & Sealants
10.4. Composites
10.5. Primers and Sealers
    10.6. Electrical Laminates
10.7. Others
11. Epoxy Resin – By End Use Industry(Market Size -$Million / $Billion)
11.1. Segment type Size and Market Share Analysis 
11.2. Application Revenue and Trends by type of Application
11.3. Application Segment Analysis by Type
11.3.1. Introduction
11.3.2. Building & Construction Decks Walls Roofs Decorative Flooring Architectural Surfaces and Countertops Others
11.3.3. Aerospace Gliders and Light Aircraft Commercial Aircraft Military Aircraft Others
11.3.4. Wind Power
11.3.5. Marine Hull Ballast tanks Cargo tanks & holds Decks Topsides & Superstructures Others
11.3.6. Automotive Chassis Semi-Structural Parts Body Exterior Others
11.3.7. Consumer Goods Home appliances Decorative furniture Golf clubs Sports & leisure products Packaging Others
11.3.8. Others
12. Epoxy Resin - By Geography (Market Size -$Million / $Billion)
12.1. Epoxy Resin Market - North America Segment Research
12.2. North America Market Research (Million / $Billion)
12.2.1. Segment type Size and Market Size Analysis 
12.2.2. Revenue and Trends
12.2.3. Application Revenue and Trends by type of Application
12.2.4. Company Revenue and Product Analysis
12.2.5. North America Product type and Application Market Size U.S. Canada Mexico Rest of North America
12.3. Epoxy Resin - South America Segment Research
12.4. South America Market Research (Market Size -$Million / $Billion)
12.4.1. Segment type Size and Market Size Analysis 
12.4.2. Revenue and Trends
12.4.3. Application Revenue and Trends by type of Application
12.4.4. Company Revenue and Product Analysis
12.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
12.5. Epoxy Resin - Europe Segment Research
12.6. Europe Market Research (Market Size -$Million / $Billion)
12.6.1. Segment type Size and Market Size Analysis 
12.6.2. Revenue and Trends
12.6.3. Application Revenue and Trends by type of Application
12.6.4. Company Revenue and Product Analysis
12.6.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
12.7. Epoxy Resin – APAC Segment Research
12.8. APAC Market Research (Market Size -$Million / $Billion)
12.8.1. Segment type Size and Market Size Analysis 
12.8.2. Revenue and Trends
12.8.3. Application Revenue and Trends by type of Application
12.8.4. Company Revenue and Product Analysis
12.8.5. APAC Segment – Product type and Application Market Size China Australia Japan South Korea India Taiwan Malaysia
13. Epoxy Resin Market - Entropy
13.1. New product launches
13.2. M&A's, collaborations, JVs and partnerships
14. Epoxy Resin Market – Industry / Segment Competition landscape Premium
14.1. Market Share Analysis
14.1.1. Market Share by Country- Top companies
14.1.2. Market Share by Region- Top 10 companies
14.1.3. Market Share by type of Application – Top 10 companies
14.1.4. Market Share by type of Product / Product category- Top 10 companies
14.1.5. Market Share at global level- Top 10 companies
14.1.6. Best Practises for companies
15. Epoxy Resin Market – Key Company List by Country Premium
16. Epoxy Resin Market Company Analysis
16.1. Market Share, Company Revenue, Products, M&A, Developments
16.2. Company 1
16.3. Company 2
16.4. Company 3
16.5. Company 4
16.6. Company 5
16.7. Company 6
16.8. Company 7
16.9. Company 8
16.10. Company 9
16.11. Company 10 and More
"*Financials would be provided on a best efforts basis for private companies"
17. Epoxy Resin Market - Appendix
17.1. Abbreviations
17.2. Sources
18. Epoxy Resin Market - Methodology
18.1. Research Methodology
18.1.1. Company Expert Interviews
18.1.2. Industry Databases
18.1.3. Associations
18.1.4. Company News
18.1.5. Company Annual Reports
18.1.6. Application Trends
18.1.7. New Products and Product database
18.1.8. Company Transcripts
18.1.9. R&D Trends
18.1.10. Key Opinion Leaders Interviews
18.1.11. Supply and Demand Trends