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Epoxy Resins - Global Market Trajectory & Analytics

  • ID: 338586
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • 3M Company
  • BASF SE
  • DIC Corporation
  • Kukdo Chemical Co. Ltd.
  • Olin Corporation
  • Robnor Resins Ltd.
Global Epoxy Resins Market to Reach $8.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Epoxy Resins estimated at US$7.2 Billion in the year 2020, is projected to reach a revised size of US$8.6 Billion by 2027, growing at a CAGR of 2.6% over the analysis period 2020-2027. DGBEA, one of the segments analyzed in the report, is projected to record a 3.4% CAGR and reach US$2.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the DGBEF segment is readjusted to a revised 2.8% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 4.9% CAGR

The Epoxy Resins market in the U.S. is estimated at US$1.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2027 trailing a CAGR of 5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.

Novolac Segment to Record 2.1% CAGR

In the global Novolac segment, USA, Canada, Japan, China and Europe will drive the 1.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$861.5 Million in the year 2020 will reach a projected size of US$968.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2027, while Latin America will expand at a 2.8% CAGR through the analysis period.

Select Competitors (Total 93 Featured):
  • 3M Company
  • Adhesives Technology Corp.
  • Aditya Birla Chemicals (India) Limited
  • Alchemie Ltd.
  • Asahi Kasei Corporation
  • Ashland Global Holdings Inc.
  • Atul Ltd.
  • BASF SE
  • Chang Chun Plastics Co. LTD.
  • Ciech
  • CVC Thermoset Specialties
  • Cytec Solvay Group
  • DIC Corporation
  • Epic Resins
  • Evonik Industries AG
  • Huntsman Corporation
  • Jiangsu Sanmu Group Corporation
  • KoreKote Advanced Epoxy Systems
  • Kukdo Chemical Co. Ltd.
  • LEUNA-Harze GmbH
  • Mitsui Chemicals Inc.
  • Nan Ya Plastics Corporation
  • Nano-Tech Srl
  • Olin Corporation
  • RBC Industries Inc.
  • Reichhold Inc.
  • Resoltech SAS
  • Robnor Resins Ltd.
  • Sicomin Epoxy Systems
  • SIR Industriale SpA
  • Spolchemie A.S.
  • Sumitomo Bakelite Co. Ltd.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M Company
  • BASF SE
  • DIC Corporation
  • Kukdo Chemical Co. Ltd.
  • Olin Corporation
  • Robnor Resins Ltd.
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Epoxy Resins: Versatile, Reliable and Cost-Effective Thermoset Resins for Highly Demanding Applications
  • Recent Market Activity
  • Excellent Ductility, Strong Adhesive Power, and Exceptional Mechanical Properties and Numerous Attributes Drive Widespread Adoption
  • Major End-use Applications of Epoxy Resins
  • Global Market Outlook
  • Asia-Pacific Represents the Largest Market Worldwide, Also Offers Significant Growth Opportunities
  • China: Prime Force Behind Asia-Pacific’s Dominance
  • STable Economic Scenario to Aid Market Expansion
  • Progressive Momentum in Global Manufacturing PMI Underpins Volume Growth
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Surging Demand from the Coatings Industry Drives Healthy Market Growth for Epoxy Resins
  • Growing Sales of Various Types of Coatings: An Important Opportunity Indicator
  • High Temperature Epoxy Resins Improves Chemical Resistance and Strength in Coatings Application
  • Flooring & Multiple Other Applications Drive Demand for Epoxy Surface Coatings
  • Myriad Attributes Drive Demand for Waterborne Epoxy Resins in Coatings
  • Growing Semiconductor and Aerospace Manufacturing Industries Benefit Market Expansion
  • Increasing Adoption of Wind Power Opens Up New Avenues for Future Growth
  • Epoxy Resin Innovations and Advancements: Spearheading Growth
  • Epoxy Adhesives with Enhanced Properties
  • Next Generation Epoxy Adhesives Also Offer Improved Performance
  • High Performance Epoxy Resins with Excellent Tensile Strength
  • Structural Adhesives Based on Advanced Technologies
  • Fire-Retardant Epoxy Resins
  • Low Viscosity Epoxy Resins
  • Innovation Related Trends in the Global Epoxy Resin Marketplace
  • Alliances for Collective Innovation
  • Government Funds for Supporting Innovation
  • Focus on Developing Sustainable Products
  • Product Launches in the Recent Past with Improved Thermal and Mechanical Properties
  • Growing Demand for Waterborne Epoxy Resins Underpins Volume Growth
  • Epoxy Gains Traction as Key Corrosion Resistant Resin
  • Sustainable Bio-based Epoxy Resins to Drive Substantial Market Growth
  • Growing Popularity of Versatile, Strong, and Highly Useful Epoxy Resins Drive the Focus on Effective Curing
  • Growing Prominence of Light Weight Car Manufacturing Drives Demand in the Automotive Sector
  • Uptrend in Automobiles Production: An Important Opportunity Indicator
  • Advanced Resin Materials and Production Techniques Enable Mass Manufacture of Automotive Components
  • Northbound Trajectory in the Construction Sector to Favor Market Growth
  • Construction Spending Forecasts Remain Firm in the Short- to Mid-Term
  • Residential Sector Holds Greater Promise
  • CRE Investments Gather Steam
  • Demand for Epoxy Adhesives Gain Momentum in Applications Requiring Superior Adhesion
  • Expanding Electrical & Electronics Manufacturing Lends Traction to Market Growth
  • Newer Applications to Drive Future Growth of Epoxy Resins Market
  • Epoxy Resin Reinforced Plastic Pipes Offer Significant Advantages, Bodes Well for the Market
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 93
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 3M Company
  • Adhesives Technology Corp.
  • Aditya Birla Chemicals (India) Limited
  • Alchemie Ltd.
  • Asahi Kasei Corporation
  • Ashland Global Holdings Inc.
  • Atul Ltd.
  • BASF SE
  • Chang Chun Plastics Co. LTD.
  • Ciech
  • CVC Thermoset Specialties
  • Cytec Solvay Group
  • DIC Corporation
  • Epic Resins
  • Evonik Industries AG
  • Huntsman Corporation
  • Jiangsu Sanmu Group Corporation
  • KoreKote Advanced Epoxy Systems
  • Kukdo Chemical Co. Ltd.
  • LEUNA-Harze GmbH
  • Mitsui Chemicals Inc.
  • Nan Ya Plastics Corporation
  • Nano-Tech Srl
  • Olin Corporation
  • RBC Industries Inc.
  • Reichhold Inc.
  • Resoltech SAS
  • Robnor Resins Ltd.
  • Sicomin Epoxy Systems
  • SIR Industriale SpA
  • Spolchemie A.S.
  • Sumitomo Bakelite Co. Ltd.
Note: Product cover images may vary from those shown
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