The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, and construction materials are facing a diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in the supply of raw materials, which directly affected the manufacturing process. Further, the halt in many end-use industries directly affected the chemical demand all around the world.
Epoxy Resin Market Overview
The global epoxy resin market size was valued at USD 12.90 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2030.
The global epoxy resin market is mainly driven by its enhanced performance in numerous industrial applications. Epoxy resins contain significant properties such as corrosion resistance, high thermal stability, superior mechanical strength, notable toughness, prolonged durability, resistance to chemical & moisture, and superior adhesion. Hence, its increasing demand from industries such as electrical and electronics, fibre-reinforced plastics, and metal coatings is expected to propel the growth of the global epoxy resin market in the coming years. Additionally, the rising demand for epoxy resins from the paints and coatings industry is rising gradually. Epoxy resins set stability to paint and coating formulations, thus expected to be in demand in the next few years. Also, the thriving global construction industry is a major driver for the epoxy resin market.
However, fluctuating raw material costs and high prices of epoxy could hamper the growth of the market. Besides, the production of epoxy resin from bio-sourced material is expected to create diverse growth opportunities for key players.
Epoxy Resin Market Segment Overview
The epoxy resins provide enhanced mechanical strength. Also, the use of epoxy resins allowed a reduction in weight which is required in the aerospace industry. Hence it has steady demand from the aviation and aerospace sector in the forthcoming years. Thus, the rising entry of private companies in the aviation sector is projected to create a crucial impact on the development of the epoxy resin market.
Epoxy Resin Regional Overview
North America is anticipated to ensure a steady share in the global epoxy resin market over the forecast period. The rapid development of the aerospace sector and increasing private investment channels are expected to lift the epoxy resin market’s growth prospects. Moreover, Asia Pacific is expected to show rapid growth with a gradual increase in market share. Growing industrialization and rising infrastructural development make it an attractive market. Also, China holds the major of the market, due to the increasing number of companies shifting their manufacturing base there. It contributes significantly to the regional epoxy resin market.
Epoxy Resin Market, Key Players
· 3M
· Aditya Birla Management Corp. Pvt. Ltd.
· Atul Ltd.
· BASF SE
· Solvay
· Huntsman International LLC
· Kukdo Chemical Co., Ltd.
· Olin Corporation
· Sika AG
· Nan Ya Plastics Corp.
· Jiangsu Sanmu Group Co., Ltd.
· Jubail Chemical Industries LLC
· China Petrochemical & Chemical Corporation (SINOPEC)
· Hexion
· Kolon Industries, Inc.
· Techstorm
· Nagase & Co., Ltd.
Epoxy Resin Market Segmentation
Epoxy Resin Market, By Physical Form
· Liquid
· Solid
· Solution
Epoxy Resin Market, By Application
· Paints & coatings
· Composites
· Adhesives & sealants
· Others
Epoxy Resin Market, By End User
· Building & Construction
· Transportation
· General Industrial
· Consumer Goods
· Wind Power
· Aerospace
· Marine & Others
Epoxy Resin market, By Region
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Epoxy Resin Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Physical Form
- 5.2.1. Arthroscopy Implants
- 5.2.2. Arthroscope
- 5.2.3. Visualization Systems
- 5.2.4. RF Ablation Systems
- 5.2.5. Motorized Shavers
- 5.2.6. Fluid Management Systems
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Knee Arthroscopy
- 5.3.2. Shoulder Arthroscopy
- 5.3.3. Other Arthroscopy Applications
- 5.4. Market Analysis, Insights and Forecast – By End User
- 5.4.1. Building & Construction
- 5.4.2. Transportation
- 5.4.3. General Industrial
- 5.4.4. Consumer Goods
- 5.4.5. Wind Power
- 5.4.6. Aerospace
- 5.4.7. Marine & Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Epoxy Resin Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Physical Form
- 6.2.1. Arthroscopy Implants
- 6.2.2. Arthroscope
- 6.2.3. Visualization Systems
- 6.2.4. RF Ablation Systems
- 6.2.5. Motorized Shavers
- 6.2.6. Fluid Management Systems
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Knee Arthroscopy
- 6.3.2. Shoulder Arthroscopy
- 6.3.3. Other Arthroscopy Applications
- 6.4. Market Analysis, Insights and Forecast – By End User
- 6.4.1. Building & Construction
- 6.4.2. Transportation
- 6.4.3. General Industrial
- 6.4.4. Consumer Goods
- 6.4.5. Wind Power
- 6.4.6. Aerospace
- 6.4.7. Marine & Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Epoxy Resin Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Physical Form
- 7.2.1. Liquid
- 7.2.2. Solid
- 7.2.3. Solution
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Paints & coatings
- 7.3.2. Composites
- 7.3.3. Adhesives & sealants
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By End User
- 7.4.1. Building & Construction
- 7.4.2. Transportation
- 7.4.3. General Industrial
- 7.4.4. Consumer Goods
- 7.4.5. Wind Power
- 7.4.6. Aerospace
- 7.4.7. Marine & Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Epoxy Resin Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Physical Form
- 8.2.1. Liquid
- 8.2.2. Solid
- 8.2.3. Solution
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Paints & coatings
- 8.3.2. Composites
- 8.3.3. Adhesives & sealants
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By End User
- 8.4.1. Building & Construction
- 8.4.2. Transportation
- 8.4.3. General Industrial
- 8.4.4. Consumer Goods
- 8.4.5. Wind Power
- 8.4.6. Aerospace
- 8.4.7. Marine & Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Epoxy Resin Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Physical Form
- 9.2.1. Liquid
- 9.2.2. Solid
- 9.2.3. Solution
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Paints & coatings
- 9.3.2. Composites
- 9.3.3. Adhesives & sealants
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By End User
- 9.4.1. Building & Construction
- 9.4.2. Transportation
- 9.4.3. General Industrial
- 9.4.4. Consumer Goods
- 9.4.5. Wind Power
- 9.4.6. Aerospace
- 9.4.7. Marine & Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Epoxy Resin Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Physical Form
- 10.2.1. Liquid
- 10.2.2. Solid
- 10.2.3. Solution
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. Paints & coatings
- 10.3.2. Composites
- 10.3.3. Adhesives & sealants
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By End User
- 10.4.1. Building & Construction
- 10.4.2. Transportation
- 10.4.3. General Industrial
- 10.4.4. Consumer Goods
- 10.4.5. Wind Power
- 10.4.6. Aerospace
- 10.4.7. Marine & Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2021
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. Kukdo Chemicals Ltd.
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. DuPont
- 11.6. Huntsman Corporation
- 11.7. NAMA Chemicals
- 11.8. BASF SE
- 11.9. The Dow Chemical Company
- 11.10. 3M Company
- 11.11. Olin Corporation
- 11.12. Nan Ya Plastics Corporation
- 11.13. Hexion Inc.
- 11.14. Chang Chung Plastics Co. Ltd.
- 11.15. Aditya Birla Chemicals
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
