Asia-Pacific Epoxy Resins Market 2021-2028

MARKET OUTLOOK

Research by author shows that the Asia-Pacific epoxy resins market will progress at a CAGR of 5.01% over the forecast years 2021-2028. India, Japan, China, South Korea, Australia & New Zealand, ASEAN countries, and Rest of APAC together form the market in this region.
The growing vehicle production in India, coupled with various activities by the automobile manufacturers, is expected to generate lucrative avenues for the automotive market across the nation over the coming years. Statistics from the IBEF suggest that India produced 29.07 million units of vehicles in 2018.

Automobile manufacturers operating in the nation are raising their installed capacity of vehicles, owing to the growing vehicle adoption by people. For instance, Mahindra and Mahindra, one of the reputed names in the Indian automobile industry, increased its installed capacity of electric vehicles at the company’s Chakan facility, with a funding of $77.23 million. Similarly, Mercedes Benz increased its plant production capacity by 20,000 units per year. Epoxy resins have wide applications in the automotive industry. And therefore, the growing adoption of vehicles is fueling their demand, which, in turn, is benefiting the market for epoxy resins in India.

On the other hand, the construction industry in South Korea is expected to continue growing, due to rising investments in commercial & industrial projects, public infrastructure, energy, and improvements in investor and consumer confidence. In addition, there has been a rise in building permits for constructing residential as well as non-residential buildings. This is expected to support the growth of the country’s construction industry over the forecasting period. This will consequently boost the development of the epoxy resins market in South Korea.

COMPETITIVE OUTLOOK

Some of the companies present in the epoxy resins market are Sinopec Baling Co, Kukdo Chemical Co Ltd, Cytec Industries Incorporation (Solvay), BASF, Aditya Birla Chemicals Ltd, Chang Chun Plastics Co Ltd, and Nan Ya Plastics.

1. Asia-Pacific Epoxy Resins Market - Summary

2. Industry Outlook

2.1. Market Scope
2.2. Key Insights
2.2.1. Epoxies Are the Largest Component of the Epoxy Resins Market
2.2.2. Novolac (Formaldehyde & Phenols) is the Fastest-Growing Raw Material of the Epoxy Resins Market
2.2.3. Paints & Coatings is the Largest Application in the Epoxy Resins Market
2.3. Porter's Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute
2.3.3. Bargaining Power of Suppliers
2.3.4. Bargaining Power of Buyers
2.3.5. Intensity of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Market Drivers
2.6.1. Strong Demand for Epoxy Resins in the Aerospace Industry
2.6.2. Demand for Paints and Coatings
2.6.3. R&D in the Epoxy Resin Technology
2.7. Market Restraints
2.7.1. Fluctuating Raw Material Prices
2.7.2. Health Hazards Associated With Bpa-Based Products
2.7.3. Emergence of Alternatives
2.8. Market Opportunities
2.8.1. Growth in Adoption of Modified Resins
2.8.2. Growing Wind Energy Market
2.8.3. Use of Natural Raw Materials for Epoxy Resins Production
2.9. Key Strategic Developments
2.10. Key Strategic Developments
2.10.1. Contracts & Partnerships
2.10.2. Business Expansions & Divestitures
2.10.3. Acquisitions & Mergers
2.10.4. New Product Launches
2.11. Impact of Coronavirus on the Industry

3. Epoxy Resins Market Outlook - by Application

3.1. Paints & Coatings
3.2. Electrical & Electronics
3.3. Construction
3.4. Adhesives
3.5. Wind Turbine
3.6. Composites
3.7. Other Applications

4. Epoxy Resins Market Outlook - by Raw Material

4.1. Dgbea (Bisphenol a & Ech)
4.2. Dgbef (Bisphenol F & Ech)
4.3. Novolac (Formaldehyde & Phenols)
4.4. Aliphatic (Aliphatic Alcohols)
4.5. Glycidylamine (Aromatic Amines & Ech)
4.6. Other Raw Material

5. Epoxy Resins Market Outlook - by Component

5.1. Epoxies
5.2. Hardeners

6. Epoxy Resins Market - Asia-Pacific

6.1. China
6.2. Japan
6.3. India
6.4. South Korea
6.5. Asean Countries
6.6. Australia & New Zealand
6.7. Rest of Asia-Pacific

7. Competitive Landscape

7.1. 3M Company
7.2. Aditya Birla Chemicals Ltd
7.3. Basf
7.4. Chang Chun Plastics Co Ltd
7.5. Cytec Industries Incorporation (Solvay)
7.6. Dupont
7.7. Huntsman Corporation
7.8. Jubail Chemical Industries Company Limited
7.9. Kukdo Chemical Co Ltd
7.10. Momentive Performance Materials Holdings LLC
7.11. Sinopec Baling Co
7.12. Dow Chemicals
7.13. Nan Ya Plastics
7.14. Clariant AG

8. Research Methodology & Scope

8.1. Research Scope & Deliverables
8.2. Sources of Data
8.3. Research Methodology

List of Tables

Table 1: Asia-Pacific Epoxy Resins Market, by Country, 2021-2028 (In $ Million)
Table 2: Vendor Scorecard
Table 3: Asia-Pacific Epoxy Resins Market, by Application, 2021-2028 (In $ Million)
Table 4: Asia-Pacific Epoxy Resins Market, by Raw Material, 2021-2028 (In $ Million)
Table 5: Asia-Pacific Epoxy Resins Market, by Component, 2021-2028 (In $ Million)
Table 6: Asia-Pacific Epoxy Resins Market, by Country, 2021-2028 (In $ Million)

List of Figures

Figure 1: Asia-Pacific Epoxy Resins Market, by Application, 2020 & 2028 (In %)
Figure 2: Porter's Five Forces Analysis
Figure 3: Market Attractiveness Index
Figure 4: Asia-Pacific Epoxy Resins Market, by Paints & Coatings, 2021-2028 (In $ Million)
Figure 5: Asia-Pacific Epoxy Resins Market, by Electrical & Electronics, 2021-2028 (In $ Million)
Figure 6: Asia-Pacific Epoxy Resins Market, by Construction, 2021-2028 (In $ Million)
Figure 7: Asia-Pacific Epoxy Resins Market, by Adhesives, 2021-2028 (In $ Million)
Figure 8: Asia-Pacific Epoxy Resins Market, by Wind Turbine, 2021-2028 (In $ Million)
Figure 9: Asia-Pacific Epoxy Resins Market, by Composites, 2021-2028 (In $ Million)
Figure 10: Asia-Pacific Epoxy Resins Market, by Other Applications, 2021-2028 (In $ Million)
Figure 11: Asia-Pacific Epoxy Resins Market, by Dgbea (Bisphenol a & Ech), 2021-2028 (In $ Million)
Figure 12: Asia-Pacific Epoxy Resins Market, by Dgbef (Bisphenol F & Ech), 2021-2028 (In $ Million)
Figure 13: Asia-Pacific Epoxy Resins Market, by Novolac (Formaldehyde & Phenols), 2021-2028 (In $ Million)
Figure 14: Asia-Pacific Epoxy Resins Market, by Aliphatic (Aliphatic Alcohols), 2021-2028 (In $ Million)
Figure 15: Asia-Pacific Epoxy Resins Market, by Glycidylamine (Aromatic Amines & Ech), 2021-2028 (In $ Million)
Figure 16: Asia-Pacific Epoxy Resins Market, by Other Raw Material, 2021-2028 (In $ Million)
Figure 17: Asia-Pacific Epoxy Resins Market, by Epoxies, 2021-2028 (In $ Million)
Figure 18: Asia-Pacific Epoxy Resins Market, by Hardeners, 2021-2028 (In $ Million)
Figure 19: Asia-Pacific Epoxy Resins Market, Regional Outlook, 2020 & 2028 (In %)
Figure 20: China Epoxy Resins Market 2021-2028 (In $ Million)
Figure 21: Japan Epoxy Resins Market 2021-2028 (In $ Million)
Figure 22: India Epoxy Resins Market 2021-2028 (In $ Million)
Figure 23: South Korea Epoxy Resins Market 2021-2028 (In $ Million)
Figure 24: Asean Countries Epoxy Resins Market 2021-2028 (In $ Million)
Figure 25: Australia & New Zealand Epoxy Resins Market 2021-2028 (In $ Million)
Figure 26: Rest of Asia-Pacific Epoxy Resins Market 2021-2028 (In $ Million)