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North America Epoxy Resin Market Size, Share & Trends Analysis Report By Form (Liquid, and Solid), By Application (Paints & Coatings, Adhesives & Sealants, Composites, Electronic Encapsulation, and Others), By Type, By End-use, By Country and Growth Forecast, 2023 - 2030

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    Report

  • 172 Pages
  • March 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5953484
The North America Epoxy Resin Market would witness market growth of 5.8% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 464.56 kilo tonnes, showcasing a growth of 5.0% (2019-2022).

In the epoxy resin market, solid epoxy resins play a crucial role, offering a versatile and durable solution for various applications across industries such as aerospace, automotive, construction, electronics, and coatings. Solid epoxy resins are typically produced in powder or granular form, providing manufacturers with ease of handling, storage, and transportation compared to liquid or solvent-based formulations. Thus, the US market would utilize 210.38 kilo tonnes of solid epoxy resins by 2023.



The US market dominated the North America Epoxy Resin Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,909.7 million by 2030. The Canada market is exhibiting a CAGR of 8.2% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 7.3% during (2023 - 2030).

In industries such as aerospace and automotive, where weight reduction is critical for fuel efficiency and performance, it has emerged as preferred materials for lightweight structural components and composite materials. By substituting traditional materials with epoxy-based composites, manufacturers can achieve significant weight savings without compromising strength or safety, improving fuel efficiency, and reducing emissions. Epoxy resin’s versatility and customization ability to meet specific performance requirements have contributed to its widespread adoption across industries. Manufacturers can tailor epoxy formulations to achieve desired properties such as strength, flexibility, thermal stability, and flame retardancy, making it suitable for diverse applications ranging from high-performance aerospace components to decorative coatings in consumer goods.

It produces lightweight vehicle structural components, including body panels, chassis parts, suspension components, and interior trim. Epoxy-based composites help automakers reduce vehicle weight, improve fuel efficiency, and enhance performance while maintaining structural integrity and safety standards. Epoxy coatings and adhesives are used in automotive assembly and repair processes for corrosion protection, surface finishing, bonding, and sealing applications. Epoxy coatings provide durable and protective finishes for automotive bodies, wheels, and underbody components, while epoxy adhesives facilitate the assembly of various vehicle parts with high strength and reliability.

Canada has a strong aerospace manufacturing industry, with companies involved in aircraft production, component manufacturing, maintenance, repair, and overhaul (MRO) services. Ongoing advancements in epoxy resin formulations, processing technologies, and composite manufacturing techniques contribute to the growth of the aerospace sector in Canada. It manufacturers in Canada are increasingly focusing on sustainability and environmental stewardship in their product development and manufacturing processes. According to the ITA, in 2020, Canada’s aerospace sector generated revenues of US$17 billion. Hence, the factors mentioned above will drive the regional market growth.

Based on Form, the market is segmented into Liquid, and Solid. Based on Application, the market is segmented into Paints & Coatings, Adhesives & Sealants, Composites, Electronic Encapsulation, and Others. Based on Type, the market is segmented into DGBEA (Bisphenol A & ECH), DGBEF (Bisphenol F & ECH), Novolac (Formaldehyde & Phenols), Aliphatic (Aliphatic Alcohols), Glycidylamine (Aromatic Amines & ECH), and Others. Based on End-use, the market is segmented into Building & Construction, Transportation, General Industrial, Consumer Goods, Wind Energy, Aerospace, Marine & Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Atul Ltd.
  • BASF SE
  • Huntsman Corporation
  • Nan Ya Plastics Corp. (NPC)
  • Solvay SA
  • The Dow Chemical Company
  • Olin Corporation
  • Mitsubishi Chemical Holdings Corporation
  • DIC Corporation
  • Hexion Inc. (Hexion Intermediate Holding 2, Inc.)

Market Report Segmentation

By Form (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Liquid
  • Solid
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Paints & Coatings
  • Adhesives & Sealants
  • Composites
  • Electronic Encapsulation
  • Others
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • DGBEA (Bisphenol A & ECH)
  • DGBEF (Bisphenol F & ECH)
  • Novolac (Formaldehyde & Phenols)
  • Aliphatic (Aliphatic Alcohols)
  • Glycidylamine (Aromatic Amines & ECH)
  • Others
By End-use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Building & Construction
  • Transportation
  • General Industrial
  • Consumer Goods
  • Wind Energy
  • Aerospace
  • Marine & Others
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Epoxy Resin Market, by Form
1.4.2 North America Epoxy Resin Market, by Application
1.4.3 North America Epoxy Resin Market, by Type
1.4.4 North America Epoxy Resin Market, by End-use
1.4.5 North America Epoxy Resin Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Epoxy Resin Market
Chapter 5. North America Epoxy Resin Market by Form
5.1 North America Liquid Market by Region
5.2 North America Solid Market by Region
Chapter 6. North America Epoxy Resin Market by Application
6.1 North America Paints & Coatings Market by Country
6.2 North America Adhesives & Sealants Market by Country
6.3 North America Composites Market by Country
6.4 North America Electronic Encapsulation Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Epoxy Resin Market by Type
7.1 North America DGBEA (Bisphenol A & ECH) Market by Country
7.2 North America DGBEF (Bisphenol F & ECH) Market by Country
7.3 North America Novolac (Formaldehyde & Phenols) Market by Country
7.4 North America Aliphatic (Aliphatic Alcohols) Market by Country
7.5 North America Glycidylamine (Aromatic Amines & ECH) Market by Country
7.6 North America Others Market by Country
Chapter 8. North America Epoxy Resin Market by End-use
8.1 North America Building & Construction Market by Country
8.2 North America Transportation Market by Country
8.3 North America General Industrial Market by Country
8.4 North America Consumer Goods Market by Country
8.5 North America Wind Energy Market by Country
8.6 North America Aerospace Market by Country
8.7 North America Marine & Others Market by Country
Chapter 9. North America Epoxy Resin Market by Country
9.1 US Epoxy Resin Market
9.1.1 US Epoxy Resin Market by Form
9.1.2 US Epoxy Resin Market by Application
9.1.3 US Epoxy Resin Market by Type
9.1.4 US Epoxy Resin Market by End-use
9.2 Canada Epoxy Resin Market
9.2.1 Canada Epoxy Resin Market by Form
9.2.2 Canada Epoxy Resin Market by Application
9.2.3 Canada Epoxy Resin Market by Type
9.2.4 Canada Epoxy Resin Market by End-use
9.3 Mexico Epoxy Resin Market
9.3.1 Mexico Epoxy Resin Market by Form
9.3.2 Mexico Epoxy Resin Market by Application
9.3.3 Mexico Epoxy Resin Market by Type
9.3.4 Mexico Epoxy Resin Market by End-use
9.4 Rest of North America Epoxy Resin Market
9.4.1 Rest of North America Epoxy Resin Market by Form
9.4.2 Rest of North America Epoxy Resin Market by Application
9.4.3 Rest of North America Epoxy Resin Market by Type
9.4.4 Rest of North America Epoxy Resin Market by End-use
Chapter 10. Company Profiles
10.1 Atul Ltd.
10.1.1 Company Overview
10.2 BASF SE
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.5.2 Product Launches and Product Expansions:
10.2.6 SWOT Analysis
10.3 Huntsman Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segment and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Acquisition and Mergers:
10.3.6 SWOT Analysis
10.4 Nan Ya Plastics Corp. (NPC)
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 SWOT Analysis
10.5 Solvay SA
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Product Launches and Product Expansions:
10.5.6 SWOT Analysis
10.6 The Dow Chemical Company
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 SWOT Analysis
10.7 Olin Corporation
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 SWOT Analysis
10.8 Mitsubishi Chemical Holdings Corporation
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental Analysis
10.8.4 Research & Development Expense
10.8.5 SWOT Analysis
10.9 DIC Corporation
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 SWOT Analysis
10.10. Hexion Inc. (Hexion Intermediate Holding 2, Inc.)
10.10.1 Company Overview
10.10.2 Recent strategies and developments:
10.10.2.1 Partnerships, Collaborations, and Agreements:
10.10.3 SWOT Analysis

Companies Mentioned

  • Atul Ltd.
  • BASF SE
  • Huntsman Corporation
  • Nan Ya Plastics Corp. (NPC)
  • Solvay SA
  • The Dow Chemical Company
  • Olin Corporation
  • Mitsubishi Chemical Holdings Corporation
  • DIC Corporation
  • Hexion Inc. (Hexion Intermediate Holding 2, Inc.)

Methodology

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