Regional analysis of the current market trends as well as the opportunities in the market by analyzing government regulations, policies, and consumer preferences across various geographic regions is conducted and provided. The market value and volumes are further derived using bottom-up approach and by considering price trends. The data are gathered majorly from the secondary sources such as company publications, Hoovers, Factiva, and similar others. Collected data after analysis is validated from the C-level executives and directors of the companies present in the global epoxy resin market.
According to the perspective of CXOs of leading companies, high performance of epoxy resin as compared to other resin, increasing research and development activities, and increase in penetration of epoxy resin in various end-user industries drive its demand in global market. Epoxy resins are resistant to degradation and possess superior adhesive and mechanical properties make them versatile and suitable for wide range of applications. However, fluctuating raw material cost and high prices of epoxy may hamper the market growth. According to the CXOs, the demand for epoxy resin witnesses significant growth in all the regions owing to its favorable properties and demand in wide area of applications which creating opportunities for all players in the industry.
By type, the global epoxy resin market comprises DGBEA, DGBEF, novolac, aliphatic, glycidylamine, and other epoxy resins. E The epoxy resin can be found in solid, liquid, and solution (semi-solid) state of physical form. It is used in paints & coatings, adhesives, composites, and electronic encapsulation & others. Moreover, it is used across various end user industries such as building & construction, transportation, general industrial, consumer goods, wind power, aerospace, marine, and others.
The key industry players have adopted expansion, new product development, product launch, partnership, and agreement strategies to sustain the intense market competition.
Paints & coatings is the most lucrative application segment in the global epoxy resin market followed by electronic encapsulation & others, composites, and others. Epoxy-based paints & coatings prevent corrosion and rust; resulting in high demand from several industries such as building & construction, automotive, and others.
Asia-Pacific Epoxy Resin Market
The global demand for epoxy resin is dominated by Asia-Pacific due to the increased adoption of epoxy resin in several industries. Asia-Pacific is the leading producer and consumer of epoxy, due to growing infrastructure and rising automobile production in the region. Moreover, in 2015, China dominated the Asia-Pacific epoxy resin market in terms of production and consumption. Kukdo Chemicals, Nan Ya Plastic Corporation, Chang Chun Chemicals, and Jiangsu Sanmu Group are the major players operating in the Asia-Pacific epoxy resin market.
Key players profiled in this report include BASF SE, E I DuPont de Nemours and Company, Dow Chemical Company, Huntsman Corporation, 3M Company, Kukdo Chemicals, Nan Ya Plastics Corporation, Hexion Inc., Olin Corporation, and Cytec Solvay Group.
Other major players (not profiled in report) in the market include Chang Chun Chemicals, Sanmu Group, Jubail Chemical Industries LLC (JANA), Aditya Birla Chemicals Ltd., Sika AG, Baling Petrochemical, Sicomin, Eagle Chemicals, Leuna Harze, Spolchemie, Elite Crete Systems, and RBC Industries Inc.
KEY MARKET BENEFITS:
- This report provides an extensive analysis of the current and emerging trends and dynamics in the global epoxy resin market, in terms of revenue and volume.
- In-depth analysis is done by constructing estimations for the key segments between 2014 and 2022, which assist in identify the prevailing market opportunities.
- Comprehensive analysis of all regions aid to identify the imminent investment pockets.
- The report assists in understanding the strategies adopted by the companies for the growth of the market.
- This study evaluates competitive landscape to understand the competitive environment across the geographies.
- Extensive analysis is conducted by following key product positioning and monitoring the top competitors.
KEY MARKET SEGMENT:
By Physical Form
- Paints & Coatings
- Electronic encapsulation & Others
By End User
- Building & Construction
- General Industrial
- Consumer Goods
- Wind Power
- Marine & Others
- North America
- South America
- Middle East
- Africa & Others