Latin America Epoxy Resins Market 2021-2028

MARKET OUTLOOK

The epoxy resins market in Latin America has been projected expand with a CAGR of 5.59% during the forecast years between 2021 and 2028, according to this study. Brazil, Mexico, and Rest of Latin America together shape the market in this region.
The present administration in Mexico has laid focus on all housing initiatives and projects across the country, and treats them as a priority. The government is working extensively to reinvigorate the nation’s housing sector. Also, all housing agencies, including government and private, are promoting their infrastructure projects and seeking investments. These instances show that the building & construction sector is set to expand in the country. Being a major consumer of epoxy resins, the growth in the construction industry will positively influence the demand for this material. The growing demand will, in turn, bolster the growth of the Mexican epoxy resins market in the coming years.

Apart from the housing sector, Mexico’s automobile sector is also witnessing growth. The country was among the world’s largest motor vehicle producers in 2019, and a leader in the Latin American region. In the automotive industry, epoxy resins are used as protective coatings for preserving vehicles and extending their average lifespan. They are also used for manufacturing automotive body parts for lightweight fuel-efficient vehicles, and as an adhesive in various engine components. Therefore, the growth in the automobile industry will provide a push to the Mexican epoxy resins market in the forthcoming years.

COMPETITIVE OUTLOOK

The major players that have been studied in the epoxy resins market include Nan Ya Plastics, Momentive Performance Materials Holdings LLC, Jubail Chemical Industries Company Limited, 3M Company, Clariant AG, Kukdo Chemical Co Ltd, and Sinopec Baling Co.

1. Latin America 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 - Latin America

6.1. Brazil
6.2. Mexico
6.3. Rest of Latin America

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

List of Figures

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