Middle East and Africa Epoxy Resins Market 2021-2028

MARKET OUTLOOK

This report on the epoxy resins market in the Middle East and Africa states that the industry is poised to grow with a CAGR of 5.03% in the forecasting period from 2021 to 2028. The United Arab Emirates, Saudi Arabia, Turkey, South Africa, and Rest of MEA together shape the market in this region.
The construction industry in Turkey is expected to recover from its current economic slump, rising to $230 billion by 2024. This astounding change is expected to happen due to the government’s focus on the development of transport, energy, and residential infrastructure, along with investments under its 11th five-year development plan for the period of 2019-2023. Construction projects amounting to $508 billion are presently in the pipeline in Turkey. With such initiatives, further growth is expected in the country’s construction industry in the next few years. The construction industry’s growth will consequently spur the growth of Turkey’s epoxy resins market in the coming years.

The Rest of Middle East & Africa region includes the countries of Qatar, Kuwait, Oman, and Bahrain, among others. Most of these nations have a strong developing economy, and the construction sector over here has dramatically changed and expanded in the last couple of years. It is expected to witness further growth in the coming period. This factor will, in turn, fuel the growth of the epoxy resins market in Rest of MEA.

COMPETITIVE OUTLOOK

The eminent companies in the epoxy resins market are Kukdo Chemical Co Ltd, Chang Chun Plastics Co Ltd, 3M Company, BASF, Huntsman Corporation, Cytec Industries Incorporation (Solvay), and Sinopec Baling Co.

1. Middle East and Africa 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 - Middle East and Africa

6.1. The United Arab Emirates
6.2. Turkey
6.3. Saudi Arabia
6.4. South Africa
6.5. Rest of Middle East & Africa

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

List of Figures

Figure 1: Middle East and Africa Epoxy Resins Market, by Application, 2020 & 2028 (In %)
Figure 2: Porter's Five Forces Analysis
Figure 3: Market Attractiveness Index
Figure 4: Middle East and Africa Epoxy Resins Market, by Paints & Coatings, 2021-2028 (In $ Million)
Figure 5: Middle East and Africa Epoxy Resins Market, by Electrical & Electronics, 2021-2028 (In $ Million)
Figure 6: Middle East and Africa Epoxy Resins Market, by Construction, 2021-2028 (In $ Million)
Figure 7: Middle East and Africa Epoxy Resins Market, by Adhesives, 2021-2028 (In $ Million)
Figure 8: Middle East and Africa Epoxy Resins Market, by Wind Turbine, 2021-2028 (In $ Million)
Figure 9: Middle East and Africa Epoxy Resins Market, by Composites, 2021-2028 (In $ Million)
Figure 10: Middle East and Africa Epoxy Resins Market, by Other Applications, 2021-2028 (In $ Million)
Figure 11: Middle East and Africa Epoxy Resins Market, by Dgbea (Bisphenol a & Ech), 2021-2028 (In $ Million)
Figure 12: Middle East and Africa Epoxy Resins Market, by Dgbef (Bisphenol F & Ech), 2021-2028 (In $ Million)
Figure 13: Middle East and Africa Epoxy Resins Market, by Novolac (Formaldehyde & Phenols), 2021-2028 (In $ Million)
Figure 14: Middle East and Africa Epoxy Resins Market, by Aliphatic (Aliphatic Alcohols), 2021-2028 (In $ Million)
Figure 15: Middle East and Africa Epoxy Resins Market, by Glycidylamine (Aromatic Amines & Ech), 2021-2028 (In $ Million)
Figure 16: Middle East and Africa Epoxy Resins Market, by Other Raw Material, 2021-2028 (In $ Million)
Figure 17: Middle East and Africa Epoxy Resins Market, by Epoxies, 2021-2028 (In $ Million)
Figure 18: Middle East and Africa Epoxy Resins Market, by Hardeners, 2021-2028 (In $ Million)
Figure 19: Middle East and Africa Epoxy Resins Market, Regional Outlook, 2020 & 2028 (In %)
Figure 20: The United Arab Emirates Epoxy Resins Market, 2021-2028 (In $ Million)
Figure 21: Turkey Epoxy Resins Market, 2021-2028 (In $ Million)
Figure 22: Saudi Arabia Epoxy Resins Market, 2021-2028 (In $ Million)
Figure 23: South Africa Epoxy Resins Market, 2021-2028 (In $ Million)
Figure 24: Rest of Middle East & Africa Epoxy Resins Market, 2021-2028 (In $ Million)