Epoxy Resin Market Analysis By Application (Paints & Coatings, Wind Turbine, Composites, Construction, Electrical & Electronics, Adhesives) And Segment Forecasts To 2024

  • ID: 3934213
  • Report
  • 82 pages
  • Grand View Research
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The global epoxy resin market is expected to reach USD 14.26 billion by 2024. The market is anticipated to be driven by end-use industries including automotive, aerospace, transportation, composites, decorative coatings, construction, industrial & marine coatings, electrical & electronics, especially in Asia Pacific. Epoxy resins are the most preferred thermoplastics for manufacturing composite materials owing to their superior properties as compared to other materials.

Huge production capacities of epichlorohydrin and bisphenol A, especially in China, ensure consistent raw material supply. However, fluctuating raw material prices negatively impact the profitability of epoxy manufacturers. The popularity of alternative resins such as polyamide, PET, unsaturated polyester resin, etc. is likely to curtail the market share of epoxy resins in upcoming years.

The paints & coatings is estimated to emerge as the leading application segment. Market penetration can be attributed to demand from construction, automotive and industrial applications. Composites segment is expected to witness highest growth rate owing to increasing demand for high strength lightweight composite materials from automotive, aerospace and defense industries.

Asia Pacific is estimated to emerge as the largest as well as the fastest growing region over the forecast period. The growth in this region can be attributed to increasing demand for these resins in paints & coatings and composites.

Major players in the market such as Huntsman Corporation, Olin, BASF SE, etc. have high-level integration throughout the value chain. These players have expanded their operation base from resin production to manufacturing end use products such as adhesives, coatings, and composites.

Further key findings from the report suggest:

Composites is expected to be the fastest growing application segment and is estimated to register a CAGR of 6.1% from 2016 to 2024 in terms of volume

Europe is estimated to be the second largest region, and the demand is expected to be valued at USD 2,281.6 million in 2024. Regional growth can be attributed to increasing composites demand from auto and aerospace sectors

Nan Ya Plastic Corporation, Olin Corporation, Sanmu Group, Momentive Performance Material Holding LLC, Kukdo Chemical and Aditya Birla Chemicals Ltd. together account for over 50% of the global production capacity.

Epichlorohydrin derived from glycerin is among the most dominant raw materials used in the production of epoxy resins

Major market players focus to integrate throughout the value chain, to achieve profitability and also expand their presence in emerging markets
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1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
2. Executive Summary
3. Market Snapshot
3.1. Epoxy Resins - Industry Snapshot and Key Buying Criteria
4. Market Variables, Trends & Scope
4.1. Market segmentation
4.2. Market size and growth prospects, 2013 - 2024
4.3. Raw material trends
4.4. Epoxy resins value chain analysis
4.4.1. Vendor landscape
4.5. dynamics
4.5.1. Market driver analysis
4.5.1.1. Growing paints & coatings demand
4.5.1.2. Growing epoxy-based composites demand
4.5.2. Market restraint analysis
4.5.2.1. Volatile raw material prices
4.5.2.2. Popularity of alternative resins
4.6. Industry analysis - Porter's
4.7. Epoxy resin market share analysis, 2015
4.8. Epoxy resins PESTEL analysis, 2015
5. Market Categorization 1: Application Estimates & Trend Analysis
5.1. Epoxy resin market share by application, 2015 & 2024
5.2. Paints & Coatings
5.2.1. Market estimates and forecast, 2013 - 2024
5.2.2. Market estimates and forecast by region, 2013 - 2024
5.3. Wind Turbines
5.3.1. Market estimates and forecast, 2013 - 2024
5.3.2. Market estimates and forecast by region, 2013 - 2024
5.4. Composites
5.4.1. Market estimates and forecast, 2013 - 2024
5.4.2. Market estimates and forecast by region, 2013 - 2024
5.5. Construction
5.5.1. Market estimates and forecast, 2013 - 2024
5.5.2. Market estimates and forecast by region, 2013 - 2024
5.6. Electrical & Electronics
5.6.1. Market estimates and forecast, 2013 - 2024
5.6.2. Market estimates and forecast by region, 2013 - 2024
5.7. Adhesives
5.7.1. Market estimates and forecast, 2013 - 2024
5.7.2. Market estimates and forecast by region, 2013 - 2024
5.8. Others
5.8.1. Market estimates and forecast, 2013 - 2024
5.8.2. Market estimates and forecast by region, 2013 - 2024
6. Market Categorization 2: Regional Estimates & Trend Analysis
6.1. Epoxy resin market share by region, 2015 & 2024
6.2. North America
6.2.1. Market estimates and forecast, 2013 - 2024
6.2.2. Market estimates and forecast by application, 2013 - 2024
6.2.3. U.S.
6.2.3.1. Market estimates and forecast, 2013 - 2024
6.2.3.2. Market estimates and forecast by application, 2013 - 2024
6.3. Europe
6.3.1. Market estimates and forecast, 2013 - 2024
6.3.2. Market estimates and forecast by application, 2013 - 2024
6.3.3. Germany
6.3.3.1. Market estimates and forecast, 2013 - 2024
6.3.3.2. Market estimates and forecast by application, 2013 - 2024
6.3.4. France
6.3.4.1. Market estimates and forecast, 2013 - 2024
6.3.4.2. Market estimates and forecast by application, 2013 - 2024
6.3.5. U.K.
6.3.5.1. Market estimates and forecast, 2013 - 2024
6.3.5.2. Market estimates and forecast by application, 2013 - 2024
6.4. Asia Pacific
6.4.1. Market estimates and forecast, 2013 - 2024
6.4.2. Market estimates and forecast by application, 2013 - 2024
6.4.3. China
6.4.3.1. Market estimates and forecast, 2013 - 2024
6.4.3.2. Market estimates and forecast by application, 2013 - 2024
6.4.4. India
6.4.4.1. Market estimates and forecast, 2013 - 2024
6.4.4.2. Market estimates and forecast by application, 2013 - 2024
6.4.5. Japan
6.4.5.1. Market estimates and forecast, 2013 - 2024
6.4.5.2. Market estimates and forecast by application, 2013 - 2024
6.4.6. Taiwan
6.4.6.1. Market estimates and forecast, 2013 - 2024
6.4.6.2. Market estimates and forecast by application, 2013 - 2024
6.4.7. Korea
6.4.7.1. Market estimates and forecast, 2013 - 2024
6.4.7.2. Market estimates and forecast by application, 2013 - 2024
6.5. Central & South America
6.5.1. Market estimates and forecast, 2013 - 2024
6.5.2. Market estimates and forecast by application, 2013 - 2024
6.6. Middle East & Africa
6.6.1. Market estimates and forecast, 2013 - 2024
6.6.2. Market estimates and forecast by application, 2013 - 2024
7. Competitive Landscape
7.1. 3M Company
7.1.1. Company Overview
7.1.2. Financial Performance
7.1.3. Product Benchmarking
7.1.4. Strategic Initiatives
7.2. Aditya Birla Chemicals Ltd.
7.2.1. Company Overview
7.2.2. Financial Performance
7.2.3. Product Benchmarking
7.2.4. Strategic Initiatives
7.3. Atul Ltd.
7.3.1. Company Overview
7.3.2. Financial Performance
7.3.3. Product Benchmarking
7.3.4. Strategic Initiatives
7.4. BASF SE
7.4.1. Company Overview
7.4.2. Financial Performance
7.4.3. Product Benchmarking
7.4.4. Strategic Initiatives
7.5. DuPont
7.5.1. Company Overview
7.5.2. Financial Performance
7.5.3. Product Benchmarking
7.5.4. Strategic Initiatives
7.6. Cytec Solvay Industries
7.6.1. Company Overview
7.6.2. Financial Performance
7.6.3. Product Benchmarking
7.6.4. Strategic Initiatives
7.7. Huntsman Corporation
7.7.1. Company Overview
7.7.2. Financial Performance
7.7.3. Product Benchmarking
7.7.4. Strategic Initiatives
7.8. Kukdo Chemical Co., Ltd.
7.8.1. Company Overview
7.8.2. Financial Performance
7.8.3. Product Benchmarking
7.9. Momentive Performance Material Holding LLC
7.9.1. Company Overview
7.9.2. Financial Performance
7.9.3. Product Benchmarking
7.10. Olin Corporation
7.10.1. Company Overview
7.10.2. Financial Performance
7.10.3. Product Benchmarking
7.10.4. Strategic Initiatives
7.11. Sika AG
7.11.1. Company Overview
7.11.2. Financial Performance
7.11.3. Product Benchmarking
7.12. Nan Ya Plastics Corporation
7.12.1. Company Overview
7.12.2. Financial Performance
7.12.3. Product Benchmarking
7.13. Jiangsu Sanmu Group Co.,Ltd.
7.13.1. Company Overview
7.13.2. Financial Performance
7.13.3. Product Benchmarking
7.14. Jubail Chemical Industries Company (JANA)
7.14.1. Company Overview
7.14.2. Financial Performance
7.14.3. Product Benchmarking
7.15. Sinopec Bailing Petrochemical Company.,Ltd.
7.15.1. Company Overview
7.15.2. Financial Performance
7.15.3. Product Benchmarking
7.15.4. Strategic Initiatives

List of Tables

Table 1 Epoxy Resins - Key market driver impact
Table 2 Epoxy Resins - Key market restraints impact
Table 3 Global epoxy resins demand by application 2013 - 2024 (Kilo Tons)
Table 4 Global epoxy resins demand by application 2013 - 2024 (Kilo Tons)
Table 5 Epoxy resins demand in paints & coatings, 2013 - 2024 (Kilo Tons)(USD Million)
Table 6 Epoxy resins demand in paints & coatings, by region 2013 - 2024 (Kilo Tons)
Table 7 Epoxy resins demand in paints & coatings, by region 2013 - 2024 (USD Million)
Table 8 Epoxy resins demand in wind turbine, 2013 - 2024 (Kilo Tons)(USD Million)
Table 9 Epoxy resins demand in wind turbine, by region 2013 - 2024 (Kilo Tons)
Table 10 Epoxy resins demand in wind turbine, by region 2013 - 2024 (USD Million)
Table 11 Epoxy resins demand in composites, 2013 - 2024 (Kilo Tons)(USD Million)
Table 12 Epoxy resins demand in composites, by region 2013 - 2024 (Kilo Tons)
Table 13 Epoxy resins demand in composites, by region 2013 - 2024 (USD Million)
Table 14 Epoxy resins demand in construction, 2013 - 2024 (Kilo Tons)(USD Million)
Table 15 Epoxy resins demand in construction, by region 2013 - 2024 (Kilo Tons)
Table 16 Epoxy resins demand in construction, by region 2013 - 2024 (USD Million)
Table 17 Epoxy resins demand in electrical & electronics, 2013 - 2024 (Kilo Tons)(USD Million)
Table 18 Epoxy resins demand in electrical & electronics, by region 2013 - 2024 (Kilo Tons)
Table 19 Epoxy resins demand in electrical & electronics, by region 2013 - 2024 (USD Million)
Table 20 Epoxy resins demand in adhesives, 2013 - 2024 (Kilo Tons)(USD Million)
Table 21 Epoxy resins demand in adhesives, by region 2013 - 2024 (Kilo Tons)
Table 22 Epoxy resins demand in adhesives, by region 2013 - 2024 (USD Million)
Table 23 Epoxy resins demand in other applications, 2013 - 2024 (Kilo Tons)(USD Million)
Table 24 Epoxy resins demand in other applications, by region 2013 - 2024 (Kilo Tons)
Table 25 Epoxy resins demand in other applications, by region 2013 - 2024 (USD Million)
Table 26 Global epoxy resins demand by region 2013 - 2024 (Kilo Tons)
Table 27 Global epoxy resins demand by region 2013 - 2024 (Kilo Tons)
Table 28 North America Epoxy resin market, 2013 - 2024 (Kilo tons) (USD Million)
Table 29 North America Epoxy resin market, by application 2013 - 2024 (Kilo tons)
Table 30 North America Epoxy resin market, by application 2013 - 2024 (USD Million)
Table 31 U.S. Epoxy resin market, 2013 - 2024 (Kilo tons) (USD Million)
Table 32 U.S. Epoxy resin market, by application 2013 - 2024 (Kilo tons)
Table 33 U.S. Epoxy resin market, by application 2013 - 2024 (USD Million)
Table 34 Europe Epoxy resin market, 2013 - 2024 (Kilo tons) (USD Million)
Table 35 Europe Epoxy resin market, by application 2013 - 2024 (Kilo tons)
Table 36 Europe Epoxy resin market, by application 2013 - 2024 (USD Million)
Table 37 Germany Epoxy resin market, 2013 - 2024 (Kilo tons) (USD Million)
Table 38 Germany Epoxy resin market, by application 2013 - 2024 (Kilo tons)
Table 39 Germany Epoxy resin market, by application 2013 - 2024 (USD Million)
Table 40 France Epoxy resin market, 2013 - 2024 (Kilo tons) (USD Million)
Table 41 France Epoxy resin market, by application 2013 - 2024 (Kilo tons)
Table 42 France Epoxy resin market, by application 2013 - 2024 (USD Million)
Table 43 UK Epoxy resin market, 2013 - 2024 (Kilo tons) (USD Million)
Table 44 UK Epoxy resin market, by application 2013 - 2024 (Kilo tons)
Table 45 UK Epoxy resin market, by application 2013 - 2024 (USD Million)
Table 46 Asia Pacific Epoxy resin market, 2013 - 2024 (Kilo tons) (USD Million)
Table 47 Asia Pacific Epoxy resin market, by application 2013 - 2024 (Kilo tons)
Table 48 Asia Pacific Epoxy resin market, by application 2013 - 2024 (USD Million)
Table 49 China Epoxy resin market, 2013 - 2024 (Kilo tons) (USD Million)
Table 50 China Epoxy resin market, by application 2013 - 2024 (Kilo tons)
Table 51 China Epoxy resin market, by application 2013 - 2024 (USD Million)
Table 52 India Epoxy resin market, 2013 - 2024 (Kilo tons) (USD Million)
Table 53 India Epoxy resin market, by application 2013 - 2024 (Kilo tons)
Table 54 India Epoxy resin market, by application 2013 - 2024 (USD Million)
Table 55 Japan Epoxy resin market, 2013 - 2024 (Kilo tons) (USD Million)
Table 56 Japan Epoxy resin market, by application 2013 - 2024 (Kilo tons)
Table 57 Japan Epoxy resin market, by application 2013 - 2024 (USD Million)
Table 58 Taiwan Epoxy resin market, 2013 - 2024 (Kilo tons) (USD Million)
Table 59 Taiwan Epoxy resin market, by application 2013 - 2024 (Kilo tons)
Table 60 Taiwan Epoxy resin market, by application 2013 - 2024 (USD Million)
Table 61 Korea Epoxy resin market, 2013 - 2024 (Kilo tons) (USD Million)
Table 62 Korea Epoxy resin market, by application 2013 - 2024 (Kilo tons)
Table 63 Korea Epoxy resin market, by application 2013 - 2024 (USD Million)
Table 64 MEA Epoxy resin market, 2013 - 2024 (Kilo tons) (USD Million)
Table 65 MEA Epoxy resin market, by application 2013 - 2024 (Kilo tons)
Table 66 MEA Epoxy resin market, by application 2013 - 2024 (USD Million)
Table 67 CSA Epoxy resin market, 2013 - 2024 (Kilo tons) (USD Million)
Table 68 CSA Epoxy resin market, by application 2013 - 2024 (Kilo tons)
Table 69 CSA Epoxy resin market, by application 2013 - 2024 (USD Million)

List of Figures

Figure 1 Epoxy resin market volume share, 2015 (Kilo Tons)
Figure 2 Epoxy resins- industry snapshot
Figure 3 Epoxy resin market segmentation
Figure 4 Global Epoxy resin market, (Kilo Tons; USD Billion), 2013 - 2024
Figure 5 Epichlorohydrin (ECH) supply-demand scenario, 2010 - 2014 (Kilo Tons)
Figure 6 Epichlorohydrin (ECH) Application Split, 2015
Figure 7 Bisphenol-A (BPA) supply-demand scenario, 2010 - 2014 (Kilo Tons)
Figure 8 Bisphenol-A (BPA) Application Split, 2015
Figure 9 Epoxy resinsvalue chain analysis
Figure 10 Epoxy resinsmarket dynamics
Figure 11 Paints & coatings demand, 2010 - 2015 (Million Tons)
Figure 12 Epoxy composites demand, 2010 - 2020 (Kilo Tons)
Figure 13 Epichlorohydrin (ECH) prices, 2012 - 2014 (USD per Ton)
Figure 14 Bisphenol-A (BPA) prices, 2012 - 2014 (USD per Ton)
Figure 15 Global resins demand, 2014
Figure 16 Epoxy resins- Porter’s analysis
Figure 17 Epoxy resin company market share analysis,2015
Figure 18 Epoxy resins PESTEL analysis
Figure 19 Epoxy resin market share by application, 2015 & 2024
Figure 20 Epoxy resin market penetration and growth prospects by region
Figure 21 Epoxy resin market share by region, 2015 & 2024
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