Report cover image

Epoxy Resin Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Sep 01, 2024
Length 150 Pages
SKU # FOB19185696

Description

Epoxy Resin Market



Growth Factors of Epoxy Resin Market

The epoxy resin market size was valued at USD 12.74 billion in 2023, and the market is now projected to grow USD 21.37 billion by 2032, exhibiting a CAGR of 5.9% during the forecast period of 2023-2030.

There was a break created in the supply and demand system. The market observed a negative demand distress across all regions amid the pandemic. The sudden drop is attributed to the halted activities in end-use industries which resulted in decline in demand for the product. The variation in cost of epoxy resin hindered the growth. Hence, in the COVID-19 pandemic, the decreased demand for the product has negatively influenced the epoxy resin market growth.

The multipurpose nature of epoxy composite with their properties is attracting various sectors. The construction, automotive, aerospace, electrical, electronics, energy and others highly adopt these resins. The epoxy resin market share globally has been contributed due to the gradually growing end-use industries. The increasing need for advanced & long-term powder coatings has raised demand across metal coating applications. High spending in the construction area is creating a highly encouraging environment for epoxy flooring, epoxy adhesives & epoxy composites used in buildings.

The trend is growing demand for bio-based polyepoxides to boost the market growth. To diminish petroleum-based resins' ecological impact, bio-based epoxies are developing. A certain portion of the petrochemicals is substituted with biomaterials ranging from 20-50%. The eco-functional materials include lignin, vegetable oils, rosins, tannins, and others. The bio-based resins can be efficiently utilized in comparable applications, including coatings, adhesives, composites and others.

Comprehensive Analysis of Epoxy Resin Market

The epoxy resin market and chemicals & advanced materials industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the plastics polymers & resins industry. These segmentations are methodically segregated by types of application. The application includes paint & coatings, Electrical & Electronics, wind turbine & composites, civil engineering, adhesive & sealants, and others.

The Asia Pacific region is conducive to the global epoxy resin market, leading to a recall of USD 8.76 billion because of the presence of large-scale manufacturers backed by bulk availability of raw materials. With favorable growth of end-use industries in China, India, South East Asian countries are the major contributors to the market expansion.

The top players in the market play a crucial role in the plastics polymers & resins industry assuring industrial prospectus growth and setting market standards. These players include Kukdo Chemical Co., Ltd. (South Korea), Huntsman Corporation (U.S.), Olin Corporation (U.S.), Nan Ya Plastics Corporation (Taiwan), Hexion Inc. (Westlake Chemicals) (U.S.), Chang Chun Group (Taiwan), Aditya Birla Chemicals (India), Sika Group (Switzerland), DIC Corporation (Japan), China Petrochemical & Chemical Corporation (China), these market players provide a level-playing competitive landscape.

In March 2024, Grasim Industries Limited, a subsidiary of Aditya Birla Group, inaugurated the capacity expansion project of Epoxy resins and formulation capacity at Vilayat, Gujarat. The overall capacity of the company for its advanced materials will increase to 246,000 tons per annum with this capacity expansion.

Segmentation Table

Global Epoxy Resin Market Scope

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.9% during 2024-2032

Unit Volume (Kiloton); Value (USD Billion)

Segmentation By Application

- Paint & Coatings

- Electrical & Electronics

- Wind Turbine & Composites

- Civil Engineering

- Adhesive & Sealants

- Others

By Geography

- North America (By Application, By Country)
  • U.S. (By Application)
  • Canada (By Application)
- Europe (By Application, By Country)
  • Germany (By Application)
  • U.K. (By Application)
  • France (By Application)
  • Spain (By Application)
  • Rest of Europe (By Application)
- Asia Pacific (By Application, By Country)
  • China (By Application)
  • India (By Application)
  • Japan (By Application)
  • South Korea (By Application)
  • Rest of Asia Pacific (By Application)
- Latin America (By Application, By Country)
  • Brazil (By Application)
  • Mexico (By Application)
  • Rest of Latin America (By Application)
- Middle East and Africa (By Application, By Country)
  • GCC (By Application)
  • Rest of Middle East (By Application)
  • Africa (By Application)


    • Please Note: It will take 5-6 business days to complete the report upon order confirmation.

Table of Contents

150 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Regions
4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
4.3. Latest Technological Advancements
4.4. Insights on Sustainability
4.5. Porters Five Forces Analysis
4.6. Impact of COVID-19 on the Market
5. Global Epoxy Resin Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. By Application (Value & Volume)
5.2.1. Paint & Coatings
5.2.2. Electrical & Electronics
5.2.3. Wind Turbine & Composites
5.2.4. Construction
5.2.5. Adhesive & Sealants
5.2.6. Others
5.3. By Region (Value & Volume)
5.3.1. North America
5.3.2. Europe
5.3.3. Asia pacific
5.3.4. Latin America
5.3.5. Middle East & Africa
6. North America Epoxy Resin Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. By Application (Value & Volume)
6.2.1. Paint & Coatings
6.2.2. Electrical & Electronics
6.2.3. Wind Turbine & Composites
6.2.4. Construction
6.2.5. Adhesive & Sealants
6.2.6. Others
6.3. By Country (Value & Volume)
6.3.1. U.S.
6.3.1.1. By Application
6.3.1.1.1. Paint & Coatings
6.3.1.1.2. Electrical & Electronics
6.3.1.1.3. Wind Turbine & Composites
6.3.1.1.4. Construction
6.3.1.1.5. Adhesive & Sealants
6.3.1.1.6. Others
6.3.2. Canada
6.3.2.1. By Application
6.3.2.1.1. Paint & Coatings
6.3.2.1.2. Electrical & Electronics
6.3.2.1.3. Wind Turbine & Composites
6.3.2.1.4. Construction
6.3.2.1.5. Adhesive & Sealants
6.3.2.1.6. Others
7. Europe Epoxy Resin Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. By Application (Value & Volume)
7.2.1. Paint & Coatings
7.2.2. Electrical & Electronics
7.2.3. Wind Turbine & Composites
7.2.4. Construction
7.2.5. Adhesive & Sealants
7.2.6. Others
7.3. By Country (Value & Volume)
7.3.1. Germany
7.3.1.1. By Application
7.3.1.1.1. Paint & Coatings
7.3.1.1.2. Electrical & Electronics
7.3.1.1.3. Wind Turbine & Composites
7.3.1.1.4. Construction
7.3.1.1.5. Adhesive & Sealants
7.3.1.1.6. Others
7.3.2. U.K.
7.3.2.1. By Application
7.3.2.1.1. Paint & Coatings
7.3.2.1.2. Electrical & Electronics
7.3.2.1.3. Wind Turbine & Composites
7.3.2.1.4. Construction
7.3.2.1.5. Adhesive & Sealants
7.3.2.1.6. Others
7.3.3. France
7.3.3.1. By Application
7.3.3.1.1. Paint & Coatings
7.3.3.1.2. Electrical & Electronics
7.3.3.1.3. Wind Turbine & Composites
7.3.3.1.4. Construction
7.3.3.1.5. Adhesive & Sealants
7.3.3.1.6. Others
7.3.4. Spain
7.3.4.1. By Application
7.3.4.1.1. Paint & Coatings
7.3.4.1.2. Electrical & Electronics
7.3.4.1.3. Wind Turbine & Composites
7.3.4.1.4. Construction
7.3.4.1.5. Adhesive & Sealants
7.3.4.1.6. Others
7.3.5. Rest of Europe
7.3.5.1. By Application
7.3.5.1.1. Paint & Coatings
7.3.5.1.2. Electrical & Electronics
7.3.5.1.3. Wind Turbine & Composites
7.3.5.1.4. Construction
7.3.5.1.5. Adhesive & Sealants
7.3.5.1.6. Others
8. Asia Pacific Epoxy Resin Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. By Application (Value & Volume)
8.2.1. Paint & Coatings
8.2.2. Electrical & Electronics
8.2.3. Wind Turbine & Composites
8.2.4. Construction
8.2.5. Adhesive & Sealants
8.2.6. Others
8.3. By Country (Value & Volume)
8.3.1. China
8.3.1.1. By Application
8.3.1.1.1. Paint & Coatings
8.3.1.1.2. Electrical & Electronics
8.3.1.1.3. Wind Turbine & Composites
8.3.1.1.4. Construction
8.3.1.1.5. Adhesive & Sealants
8.3.1.1.6. Others
8.3.2. India
8.3.2.1. By Application
8.3.2.1.1. Paint & Coatings
8.3.2.1.2. Electrical & Electronics
8.3.2.1.3. Wind Turbine & Composites
8.3.2.1.4. Construction
8.3.2.1.5. Adhesive & Sealants
8.3.2.1.6. Others
8.3.3. Japan
8.3.3.1. By Application
8.3.3.1.1. Paint & Coatings
8.3.3.1.2. Electrical & Electronics
8.3.3.1.3. Wind Turbine & Composites
8.3.3.1.4. Construction
8.3.3.1.5. Adhesive & Sealants
8.3.3.1.6. Others
8.3.4. South Korea
8.3.4.1. By Application
8.3.4.1.1. Paint & Coatings
8.3.4.1.2. Electrical & Electronics
8.3.4.1.3. Wind Turbine & Composites
8.3.4.1.4. Construction
8.3.4.1.5. Adhesive & Sealants
8.3.4.1.6. Others
8.3.5. Rest of Asia Pacific
8.3.5.1. By Application
8.3.5.1.1. Paint & Coatings
8.3.5.1.2. Electrical & Electronics
8.3.5.1.3. Wind Turbine & Composites
8.3.5.1.4. Construction
8.3.5.1.5. Adhesive & Sealants
8.3.5.1.6. Others
9. Latin America Epoxy Resin Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. By Application (Value & Volume)
9.2.1. Paint & Coatings
9.2.2. Electrical & Electronics
9.2.3. Wind Turbine & Composites
9.2.4. Construction
9.2.5. Adhesive & Sealants
9.2.6. Others
9.3. By Country (Value & Volume)
9.3.1. Brazil
9.3.1.1. By Application
9.3.1.1.1. Paint & Coatings
9.3.1.1.2. Electrical & Electronics
9.3.1.1.3. Wind Turbine & Composites
9.3.1.1.4. Construction
9.3.1.1.5. Adhesive & Sealants
9.3.1.1.6. Others
9.3.2. Mexico
9.3.2.1. By Application
9.3.2.1.1. Paint & Coatings
9.3.2.1.2. Electrical & Electronics
9.3.2.1.3. Wind Turbine & Composites
9.3.2.1.4. Construction
9.3.2.1.5. Adhesive & Sealants
9.3.2.1.6. Others
9.3.3. Rest of Latin America
9.3.3.1. By Application
9.3.3.1.1. Paint & Coatings
9.3.3.1.2. Electrical & Electronics
9.3.3.1.3. Wind Turbine & Composites
9.3.3.1.4. Construction
9.3.3.1.5. Adhesive & Sealants
9.3.3.1.6. Others
10. Middle East & Africa Epoxy Resin Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. By Application (Value & Volume)
10.2.1. Paint & Coatings
10.2.2. Electrical & Electronics
10.2.3. Wind Turbine & Composites
10.2.4. Construction
10.2.5. Adhesive & Sealants
10.2.6. Others
10.3. By Country (Value & Volume)
10.3.1. GCC
10.3.1.1. By Application
10.3.1.1.1. Paint & Coatings
10.3.1.1.2. Electrical & Electronics
10.3.1.1.3. Wind Turbine & Composites
10.3.1.1.4. Construction
10.3.1.1.5. Adhesive & Sealants
10.3.1.1.6. Others
10.3.2. Rest of Middle East
10.3.2.1. By Application
10.3.2.1.1. Paint & Coatings
10.3.2.1.2. Electrical & Electronics
10.3.2.1.3. Wind Turbine & Composites
10.3.2.1.4. Construction
10.3.2.1.5. Adhesive & Sealants
10.3.2.1.6. Others
10.3.3. Africa
10.3.3.1. By Application
10.3.3.1.1. Paint & Coatings
10.3.3.1.2. Electrical & Electronics
10.3.3.1.3. Wind Turbine & Composites
10.3.3.1.4. Construction
10.3.3.1.5. Adhesive & Sealants
10.3.3.1.6. Others
11. Competitive Landscape
11.1. Company Market Share/Ranking Analysis, 2023
11.2. Company Profiles
11.2.1. Kukdo Chemical Co., Ltd.
11.2.1.1. Overview
11.2.1.2. Description
11.2.1.3. Application Portfolio
11.2.1.4. Financials (Data as available in public domain and/or on paid databases)
11.2.1.5. Recent Developments
11.2.2. Huntsman Corporation
11.2.2.1. Overview
11.2.2.2. Description
11.2.2.3. Application Portfolio
11.2.2.4. Financials (Data as available in public domain and/or on paid databases)
11.2.2.5. Recent Developments
11.2.3. Olin Corporation
11.2.3.1. Overview
11.2.3.2. Description
11.2.3.3. Application Portfolio
11.2.3.4. Financials (Data as available in public domain and/or on paid databases)
11.2.3.5. Recent Developments
11.2.4. Nan Ya Plastics Corporation
11.2.4.1. Overview
11.2.4.2. Description
11.2.4.3. Application Portfolio
11.2.4.4. Financials (Data as available in public domain and/or on paid databases)
11.2.4.5. Recent Developments
11.2.5. Hexion Inc. (Westlake Chemicals)
11.2.5.1. Overview
11.2.5.2. Description
11.2.5.3. Application Portfolio
11.2.5.4. Financials (Data as available in public domain and/or on paid databases)
11.2.5.5. Recent Developments
11.2.6. Chang Chun Group
11.2.6.1. Overview
11.2.6.2. Description
11.2.6.3. Application Portfolio
11.2.6.4. Financials (Data as available in public domain and/or on paid databases)
11.2.6.5. Recent Developments
11.2.7. Aditya Birla Chemicals
11.2.7.1. Overview
11.2.7.2. Description
11.2.7.3. Application Portfolio
11.2.7.4. Financials (Data as available in public domain and/or on paid databases)
11.2.7.5. Recent Developments
11.2.8. Sika Group
11.2.8.1. Overview
11.2.8.2. Description
11.2.8.3. Application Portfolio
11.2.8.4. Financials (Data as available in public domain and/or on paid databases)
11.2.8.5. Recent Developments
11.2.9. DIC Corporation
11.2.9.1. Overview
11.2.9.2. Description
11.2.9.3. Application Portfolio
11.2.9.4. Financials (Data as available in public domain and/or on paid databases)
11.2.9.5. Recent Developments
11.2.10. China Petrochemical & Chemical Corporation (SINOPEC)
11.2.10.1. Overview
11.2.10.2. Description
11.2.10.3. Application Portfolio
11.2.10.4. Financials (Data as available in public domain and/or on paid databases)
11.2.10.5. Recent Developments
12. Strategic Recommendations

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us