The global epoxy resin market was valued at $5.9 billion in 2019, and is projected to reach $10.3 billion by 2027, growing at a CAGR of 7.0% from 2020 to 2027. Epoxy resin is a thermosetting polymer formed by copolymerization of an epoxide with another compound having two hydroxyl groups. 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. Thus, epoxy resins majorly find their application across paints & coatings, adhesives, composites, and electronic encapsulation industries.
The global epoxy resin market is projected to grow at steady rate during the forecast period. North America and LAMEA serve as the largest markets for epoxy resins, owing to rise in demand from the aerospace industry and increase in industrialization. Other major factors that drive the demand for epoxy resins include development of various end-use industries, rise in R&D activities, and increase in demand for lightweight composite materials. However, fluctuation in raw material prices, majorly epichlorohydrin (ECH), hampers market growth.
The global epoxy resin market is segmented into type, physical form, application, end user, and region. On the basis of physical form, the market is categorized into solid, liquid, and solution epoxy. Depending on type, it is divided into diglycidyl ether bisphenol A (DGBEA), diglycidyl ether bisphenol F (DGBEF), novolac, aliphatic, and glycidylamine, and others. The applications covered in the study include paints & coatings, adhesives, composites, and electronic encapsulation & others. By end user, the market is segregated into building &construction, transportation, general industrial, consumer goods, wind power, aerospace, marine, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players engaged in the global epoxy resin market are BASF SE, Atul Ltd., Dow Chemical Company, Hexion Inc., Huntsman Corporation, Kukdo Chemicals Co. Ltd., Nan Ya Plastics Corporation, Olin Corporation, Solvay SA, and Techstorm Advanced Materials.
KEY MARKET BENEFITS:
KEY MARKET SEGMENTS
By Type
By Physical Form
By Application
By End User
By Geography
The global epoxy resin market is projected to grow at steady rate during the forecast period. North America and LAMEA serve as the largest markets for epoxy resins, owing to rise in demand from the aerospace industry and increase in industrialization. Other major factors that drive the demand for epoxy resins include development of various end-use industries, rise in R&D activities, and increase in demand for lightweight composite materials. However, fluctuation in raw material prices, majorly epichlorohydrin (ECH), hampers market growth.
The global epoxy resin market is segmented into type, physical form, application, end user, and region. On the basis of physical form, the market is categorized into solid, liquid, and solution epoxy. Depending on type, it is divided into diglycidyl ether bisphenol A (DGBEA), diglycidyl ether bisphenol F (DGBEF), novolac, aliphatic, and glycidylamine, and others. The applications covered in the study include paints & coatings, adhesives, composites, and electronic encapsulation & others. By end user, the market is segregated into building &construction, transportation, general industrial, consumer goods, wind power, aerospace, marine, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players engaged in the global epoxy resin market are BASF SE, Atul Ltd., Dow Chemical Company, Hexion Inc., Huntsman Corporation, Kukdo Chemicals Co. Ltd., Nan Ya Plastics Corporation, Olin Corporation, Solvay SA, and Techstorm Advanced Materials.
KEY MARKET BENEFITS:
- This report provides an extensive analysis of the current and emerging trends and dynamics in the global epoxy resin market, in terms of revenue and volume.
- In-depth analysis of all regions is done by constructing market estimations for key segments between 2020 and 2027, which assist in identifying the prevailing opportunities.
- The report assists in understanding the strategies adopted by the companies for the growth of the market.
- This study evaluates competitive landscape to understand the competitive environment across the geographies.
- Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
KEY MARKET SEGMENTS
By Type
- DGBEA
- DGBEF
- Novolac
- Aliphatic
- Glycidylamine
- Others
By Physical Form
- Solid
- Liquid
- Solution
By Application
- Paints & Coatings
- Adhesives
- Composites
- Electronic Encapsulation & Others
By End User
- Building & Construction
- Transportation
- General Industrial
- Consumer Goods
- Wind Power
- Aerospace
- Marine & Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Others
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Epoxy Resinmarket, Byphysical Form
Chapter 5: Epoxy Resinmarket, by Type
Chapter 6: Epoxy Resin Market, by Application
Chapter 7: Epoxy Resin Market, by End-Use Industry
Chapter 8: Epoxy Resinmarket, by Region
Chapter 9: Competitive Landscape
Chapter 10: Company Profiles
Companies Mentioned
- BASF SE
- Atul Ltd
- Dow Chemical Company
- Hexion Inc
- Huntsman Corporation
- Kukdo Chemicals Co Ltd
- Nan Ya Plastics Corporation
- Olin Corporation
- Solvay SA
- Techstorm Advanced Materials
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 453 |
| Published | June 2020 |
| Forecast Period | 2019 - 2027 |
| Estimated Market Value ( USD | $ 5.9 billion |
| Forecasted Market Value ( USD | $ 10.3 billion |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
