BPF Epoxy Resin Market - Forecast(2024 - 2030)

Report Code: CMR 1429 Report Format: PDF + Excel

BPF Epoxy Resin Market Overview

BPF Epoxy Resin Market is forecast to reach $231.6 million by 2025, after growing at a CAGR of 4.9% during 2020-2025. The BPF Epoxy Resin market is driven by owing to increasing demand from various industry verticals. The primary use of BPF is as an ingredient of epoxy resin. Purity of BPF is important to improve the properties of epoxy resin polymers.

BPF Epoxy Resin Market Report Coverage                              

The report: “BPF Epoxy Resin Market- Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the BPF Epoxy Resin industry.
By Grade: Solid and Liquid.
By Technology: Condensation Process, Taffy Process, Polymerization Process and Others.
By Application: Paints and Coatings, Adhesives and Sealants, Composites and Others. 
By End Use: Building and Construction, Aerospace, Marines, Automotive, Electrical & Electronics and Others. 
By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways

  • Asia-Pacific dominates the BPF Epoxy Resin market owing to strong presence of manufacturing facilities and high production in China.
  • These resins are known for their enhanced performance in numerous industrial applications, owing to properties such as corrosion resistance, high thermal stability, superior mechanical strength, notable toughness, and prolonged durability, resistance to chemical & moisture, and superior adhesion. 
  • Moreover, the ongoing M&A activities among suppliers would further cater to the growth in Global BPF Epoxy Resin Market.
  • Surging R&D activities are some of the opportunities which are expected to fuel the market.

BPF Epoxy Resin Market Segment Analysis - By Type

Liquid grade held the largest share in the BPF Epoxy Resin market in 2019. Liquid BPF epoxy resins are used in a broad range of applications such as coatings, civil engineering, adhesives, electrical insulating materials, and reactive intermediates. In particular, the liquid resins have a low viscosity so that they excel in their workability and moldability, which makes them ideal for many applications. Thus reducing the handling cost. Epoxies are perhaps the most versatile ingredient for adhesive family because they bind well to many substrates and can be easily adjusted to achieve a wide variety of properties. Adhesive bonding technology is a revolutionary core technology in a wide range of industries today-and its ability is still not completely exploited.

BPF Epoxy Resin Market Segment Analysis - By Technology

Condensation Process has been the primary market for BPF Epoxy Resin in 2019. Bisphenol-F and its epoxy resin were synthesized from phenol, formaldehyde and epichlorohydrin with oxalic acid as catalyst. The process for the preparation of bisphenol-F pellets involves the melting and extrusion of a condensation reaction product of bisphenol-F obtained by the reaction of phenol and formaldehyde in the presence of an acid catalyst in an organic solvent. And the increase in the temperature of the extruder is caused by volatilization in a solvent. The condensation of phenols with hydroxybenzaldehydes can be performed by any non-restrictive process, preferably by allowing 1 mole of phenol to react with 0.1 to 3.0 moles, preferably 0.3 to 1.5 moles of hydroxybenzaldehyde, in the presence of an acid catalyst.

BPF Epoxy Resin Market Segment Analysis - By Application

Paints and Coatings has been the primary market for BPF Epoxy Resin in 2019. Due to the advancement of paints and coatings, BPF epoxy resins have been expected to meet higher physical, mechanical and chemical requirements. According to American Coatings Association, APAC consist more than 50% of paints and coatings market in terms of volume and more than 40% in terms of value. The presence of good number of manufacturers, mature automotive and construction industry, and growing manufacturing sector has made the region one of the key player across globe. Both the residential and non-residential sectors in China and India are expected to grow during the forecast period, which in turn would boost demand for paints and coatings from the region. The growth in the parent application of BPF epoxy resins will augment its market as it is one of the ingredient utilized in the manufacturing of paints and coatings.

BPF Epoxy Resin Market Segment Analysis - By End Use

Building and Construction industry has been the primary market for BPF Epoxy Resin in 2019 growing at a CAGR of 3.96%. In 2019, the overall building and construction market continued to grow due to higher construction spending. Over the period 2013 to 2018, M&A operation in the construction sector has steadily increased to 484 transactions recorded in 2018, up from 273 transactions reported in 2013. North America, Europe and Asia are the most dominant regions in terms of the number of transactions registered. Furthermore, investment in the transportation and infrastructure activities with upgrade initiative and the rise of smart city mega-projects across the globe is strengthening the building and construction industry. But in recent time, global economic turmoil due to outbreak of COVID-19 has hampered the growth of building and construction and similar related industries. The pandemic has forced the industries and manufacturing facilities to temporarily shut down or suspend their operations. Thus disrupting the supply and demand chain of BPF epoxy resins and its application industries.

BPF Epoxy Resin Market Segment Analysis - By Geography

APAC dominated the BPF Epoxy Resin market with a share of more than 54%, followed by Europe and North America. The epoxy resin market is dominated by the APAC region where China is the major producer and consumer globally. The robust increase in construction and automotive industry in APAC has increased the demand for paints and coatings in the region. Resulting in higher demand for architectural and industrial paints and coatings. The use of automotive paints is directly related to the production of automobiles, in particular passenger cars and two-wheelers. Increased vehicle interior applications and rising demand for Automated Manual Transmission are boosting the market for specialty coatings. The global demand for automotive paints is led by PPG Companies, Axalta Coatings, AkzoNobel, BASF and Sherwin Williams. These companies offer a wide variety of items on the OE market for automotive paints. New product innovations, acquisitions, alliances and joint projects are the core tactics embraced by these businesses to retain their positions in the market.

BPF Epoxy Resin Market Drivers

Robust Rise in Construction and Automotive Industry

APAC as a whole is set to continue to be one of the largest and fastest growing construction markets globally. Large and more developed markets such China, India, Japan, and South Korea are expected to grow more in the coming years. The strong and healthy growth in construction sector is associated with growing population and middle class economy, which tend to drive global residential construction market further and hence the BPF Epoxy Resin market. Residential application segment is witnessing growth due to the rising penetration from untapped markets. First-mover advantage in untapped regions and relatively low acquisition costs remain key driving forces in this application market.

BPF Epoxy Resin Market Challenges

Non-biodegradable properties can restrict the market growth

The reaction between the key raw materials is the most common way to produce epoxy resin. Higher the temperature of combustion, greater is the amount of gases emitted. Moreover, epoxy resins are non-biodegradable. Thermoset resins cannot be recycled, and are not biodegradable. Thus, all these concerns significantly hamper the growth of the global BPF Epoxy Resin market.

BPF Epoxy Resin Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the BPF Epoxy Resin market. In 2019 the BPF Epoxy Resin market has been consolidated by the top five players accounting for xx% of the share. Major players in the BPF Epoxy Resin market are Olin Corporation, Hexion Inc, Aditya Birla Chemicals, Huntsman Corporation, DIC Corporation, and Others.

Acquisitions/Technology Launches/ Product Launches

  • In April 2018, Gabriel has acquired Royce International a custom solutions provider of specialty epoxy resins, diluents, curing agents, and additives. These are sold under the RoyOxy trademark into CASE (Coatings, Adhesives, Sealants, and Elastomers) applications. Royce’s technical sales and R&D team are dedicated to providing customized solutions to its customers. 

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1. BPF Epoxy Resin Market - Market Overview
    1.1 Definition and Scope
2. BPF Epoxy Resin Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Grade
    2.3 Key Trends by Manufacturing Process
    2.4 Key Trends by Application
    2.5 Key Trends by End Use Industry
    2.6 Key trends by Geography 
3. BPF Epoxy Resin Market - Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. BPF Epoxy Resin Market - Startup companies Scenario Premium Premium 
    4.1 Top 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. BPF Epoxy Resin Market – Industry Market Entry Scenario Premium 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 Investment
6. BPF Epoxy Resin Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    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. BPF Epoxy Resin Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product Life Cycle
    7.4 Supplier and Distributor Analysis
8. BPF Epoxy Resin Market – By Grade (Market Size -$Million)
    8.1 Solid
    8.2 Liquid
9. BPF Epoxy Resin Market – By Manufacturing Process (Market Size -$Million)
    9.1 Condensation Process
    9.2 Taffy Process
    9.3 Polymerization Process
    9.4 Others
10. BPF Epoxy Resin Market – By Application (Market Size -$Million)
    10.1 Paints and Coatings
        10.1.1 Architectural
        10.1.2 Industrial Coatings
        10.1.3 Marine Coatings
        10.1.4 Others
    10.2 Adhesives & Sealants
        10.2.1 Woods
        10.2.2 Metal
        10.2.3 Glass
        10.2.4 Others
    10.3 Composites
    10.4 Others
11. BPF Epoxy Resin Market - By End Use Industry (Market Size -$Million)
    11.1 Buildings & Construction
        11.1.1 Residential Construction 
        11.1.2 Commercial Construction 
        11.1.3 Industrial Construction
    11.2 Aerospace
    11.3 Marines
    11.4 Automotive
        11.4.1 Passenger Vehicles
        11.4.2 Commercial Vehicles
    11.5 Electrical & Electronics
    11.6 Others
12. BPF Epoxy Resin Market - By Geography (Market Size -$Million)
    12.1 North America
        12.1.1 U.S
        12.1.2 Canada
        12.1.3 Mexico
    12.2 South America
        12.1.1 Brazil
        12.1.2 Argentina
        12.1.3 Colombia
        12.1.4 Chile
        12.1.5 Rest of South America
    12.3 Europe
        12.3.1 UK
        12.3.2 Germany
        12.3.3 France
        12.3.4 Italy
        12.3.5 Netherland
        12.3.6 Spain
        12.3.7 Russia
        12.3.8 Belgium
        12.3.9 Rest of Europe
    12.4 Asia-Pacific
        12.4.1 China
        12.4.2 Japan
        12.4.3 India
        12.4.4 South Korea
        12.4.5 Australia and New Zealand
        12.4.6 Rest of APAC
    12.5 Rest of the World
        12.5.1 Middle East
   Saudi Arabia
   Rest of the Middle East
        12.5.2 Africa
   South Africa
   Rest of Africa
13. BPF Epoxy Resin Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. BPF 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 companies
        14.1.3 Market Share by type of Application - Top companies
        14.1.4 Market Share by type of Product / Product category- Top companies
        14.1.5 Market Share at global level - Top companies
        14.1.6 Best Practices for companies
15. BPF Epoxy Resin Market - List of Key Companies by Country Premium 
16. BPF 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
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