Global Epoxy Resin Market

Epoxy resins are a cluster of synthetic resins. These are used to make adhesives and plastics. Due to their high resistance to chemicals, versatility, excellent adhesion, durability, high electrical resistance, toughness, ease while pouring on cast without creating any bubbles, and robust durability at both low and high temperatures, epoxy resins are becoming an essential part of various industrial and commercial sectors.

Epoxy resins are high-performance thermosetting polymers that deliver enhanced performance in several industrial applications.

Market Dynamics

The analysis of the market shows that the major drivers of the growth in the market are expected to be:

Increase in demand from the paints and coatings industry

Rise in demand from the electrical and electronics sector

Technological advancements

High performance as compared to other resin

Increase in research and development activities

Increasing penetration of epoxy resin in various end-user industries

However, some factors present in the market may act as a roadblock to the growth of the Epoxy Resin market. Some of the restraints are: High cost of the raw materials and Environmental Concerns

Market Segmentation

The Epoxy Resin market can be segmented based on the type, the physical form, the application, the end-user industry and the geography.

Segmentation based on type:

> DGBEA

> DGBEF

> Novolac

> Aliphatic

> Glycidylamine

> Others

Segmentation based on physical form can be done into:

> Liquid

> Solid

> Solution

Segmentation based on the application of Epoxy Resin is done into the following:

> Paints & Coatings

> Adhesives & Sealants

> Composites

The Epoxy Resin market can be further segmented based on the end user industry into:

> Building & Construction

> Aerospace

> Wind Power

> Marine

> Consumer Goods

Geographic Analysis

APAC has the largest share of the epoxy resin market. Presently, China is dominating the global market on the basis of volume. Construction & Building is the chief consumer of epoxy resins materials in APAC. Japan and China have the major shares of the APAC epoxy resin market. Indian market is observing the highest growth rate.

In North America, increase in demand from the aerospace industry for epoxy resins-based composites is likely to drive the growth in the market. The growth in consumer alertness towards environment-friendly products along with the existence of strict environmental regulations is probable to further boost the overall growth.

Germany dominated the European market because of high demand from electrical & electronics and paints & coatings industries. In terms of volume, Germany accounted for the largest share of the market. In addition to that, the Europe wind energy market advancement is also seen as one of the major market drivers.

The Middle East & Africa industry is observing high growth owing to increase in applications, advancements in technology, and growth in demand. The market growth is bound with the developing economies owing to its high correlation with industrialization.

Key Players

Development of innovative products will present opportunities for progress of the market. The key players in the Epoxy Resin Market include: E I DuPont de Nemours and Company, BASF SE, Dow Chemical Company, 3M Company, Cytec Solvay Group., Huntsman Corporation, Kukdo Chemicals, Nan Ya Plastics Corporation,, Olin Corporation and Hexion Inc.

Other major players include Aditya Birla Chemicals Ltd., Sanmu Group, Jubail Chemical Industries LLC (JANA) Chang Chun Chemicals, Elite Crete Systems, Baling Petrochemical, Spolchemie, Sicomin, Eagle Chemicals, Leuna Harze, Sika AG, and RBC Industries Inc.

Report Contents:

> Global Market segments

> Global Market Drivers, Restraints and Opportunities

> Global Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Global Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>>US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Westren Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastren Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage