Epoxy resins are a group of synthetic resins, which are used to make adhesives and plastics. Owing to their versatility, high resistance to chemicals, durability, excellent adhesion, toughness, high electrical resistance, strong durability at both low and high temperatures, and ease they offer while pouring on cast without forming any bubbles, epoxy resins are becoming an integral part of various commercial and industrial sectors. Epoxy resins are the high-performance thermosetting polymers that provide enhanced performance in numerous industrial applications. In the global epoxy resin market, we have taken the following major applications into consideration: paints and coatings, adhesives, composites, electrical & electronics, wind turbine, and others. Paints and coatings is the primary application in terms of utilization of epoxy resins.
The market is driven by a number of factors, such as increasing demand from the paints and coatings industry and rising demand from the electrical and electronics sector. However, this market faces certain drawbacks, such as high cost of the raw materials, and environmental concerns. The aforementioned factors may act as a roadblock to the growth of the market.
The global epoxy resin market, on the basis of raw materials can be broadly segmented into DGBEA (Bisphenol A & ECH), DGBEF (Bisphenol F & ECH), Novolac (Formaldehyde & Phenols), Aliphatic (Aliphatic Alcohols), Glycidylamine (Aromatic Amines & ECH), and others. The market has been geographically segmented into Asia-Pacific, North America, Europe, South America, and Middle-East and Africa. Asia-Pacific holds the largest share in the market. Currently, China dominates the global market and accounts for about 45% of the global share as of 2017. In North America, increasing demand for epoxy resins-based composites from the aerospace industry is expected to drive the market.
Furthermore, development of innovative products will offer opportunities for epoxy resin market growth of the market. Some of the major players in the market are DOW Chemical Co., Momentive Performance Materials Holdings LLC, Nan Ya Plastics Corp., Kukdo Chemical, Chang Chun Plastics Co. Ltd., Huntsman Corp., NAMA Chemicals, Aditya Birla Chemicals Ltd., BASF SE, and 3M.
Few Notable Developments in the Market
In Apr 2017, Hexion, at the European Coatings Show in Nuremberg, Germany, launched two new waterborne epoxy resins EPI-REZ Resin 6521-WH-56 and EPI-REZ Resin 6531-WH-57 to manufacture high-performance, water-based coatings at a low cost
In May 2017, Reichhold and Polynt merged as Polynt-Reichhold, a global specialty chemical group to manufacture Intermediates, Coating and Composite Resins, Thermoset Compounds, Gel-coats. The new company has Black Diamond Capital Management, L.L.C. and Investindustrial as equal investors
Key Deliverables in the Study:
Market analysis for the Global Epoxy Resins Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the global epoxy resins market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
1.2 Research Methodology
2. Executive Summary
3. Epoxy Resin Market
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s 5 Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Rising Demand from Paints & Coatings
4.1.2 Rising Demand from Electrical & Electronics
4.2.1 Volatility in Raw Material Prices
4.2.2 Environmental Concerns
4.3.1 Innovative Industry Products
5. Market Segmentation and Analysis
5.1 by Application
5.1.1 Paints and Coatings
5.1.4 Electrical & Electronics
5.1.5 Wind Turbine
5.2 by Types (Raw Materials)
5.2.1 Dgbea (Bisphenol a & Ech)
5.2.2 Dgbef (Bisphenol F & Ech)
5.2.3 Novolac (Formaldehyde & Phenols)
5.2.4 Aliphatic (Aliphatic Alcohols)
5.2.5 Glycidylamine (Aromatic Amines & Ech)
6. Regional Market Analysis (Market Size, Growth and Forecast)
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
9.3.7 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle-East and Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle-East and Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions
7.2 Joint Ventures, Collaborations and Agreements
7.3 Market Share Analysis
7.4 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Products & Services, Financials, Recent Developments)
8.2 Basf Se
8.3 Covestro - Bayer Material Sciences
8.4 Atul Ltd.
8.5 Huntsman Corporation
8.6 3M Company
8.7 Aditya Birla Chemicals
8.8 Daicel Corporation
8.9 Nama Chemicals
8.10 Sinopec Baling Company
8.11 Nan Ya Plastics Corp.
8.12 Kukdo Chemicals Co. Ltd.
8.13 Momentive Specialty Chemicals
8.14 Chang Chun Plastics Co. Ltd.
8.15 Leuna-Harze Gmbh
8.16 Spolchemie As
8.17 Solvay Group
8.18 Sika Ag
*List Not Exhaustive
- Basf Se
- Covestro - Bayer Material Sciences
- Atul Ltd.
- Huntsman Corporation
- 3M Company
- Aditya Birla Chemicals
- Daicel Corporation
- Nama Chemicals
- Sinopec Baling Company
- Nan Ya Plastics Corp.
- Kukdo Chemicals Co. Ltd.
- Momentive Specialty Chemicals
- Chang Chun Plastics Co. Ltd.
- Leuna-Harze Gmbh
- Spolchemie As
- Solvay Group
- Sika Ag