Global Epoxy Resins Market Overview
Epoxy resins are low molecular weight pre-polymers or higher molecular weight polymers which normally contain at least two epoxide groups. Epoxy Resins have been widely used for coatings, electronic materials, adhesives, and matrices for fiber-reinforced composites owing to their mechanical properties, high adhesion strength, good heat resistance, and high electrical resistance. Epoxy resins can be easily tailored to achieve specific performance characteristics, which has been a major factor for the steady growth rate of epoxy resins over the years.
The global epoxy resins market by volume accounted for USD XX million in 2017 and is expected to grow at a CAGR of XX% to reach USD XX million in 2025.
Global Epoxy Resins Market – Market Dynamics
The increasing penetration of epoxy resins in various end-user industries, owing to the high-performance characteristics of these epoxy resins is the key driver of the market. Epoxy resins possess excellent chemical resistance, superior adhesion to a variety of substrates, high tensile, compressive and flexural strengths, excellent electrical insulation properties and a high degree of fatigue strength, that make them highly versatile and suitable for a wide range of applications. Moreover, the recent technological developments, help in developing high endurance epoxy resin which is expected to drive the growth of the market. For instance, in December 2017, Worlée has launched a two new polymer hardeners, for epoxy resins, WorléeCure VP 2000 and WorléeCure VP 2001, that provide high UV stability, endurance and protection, which significantly differentiates them from the standard epoxy resin hardeners.
However, the fluctuating raw material cost and high prices of epoxy might hamper the market growth. Moreover, the availability of polyurethane and phenolic resins as alternatives in various applications might hinder the growth of the market.
Global Epoxy Resins Market – Segment Analysis
The global epoxy resins market is segmented by physical form, application, end-use industry, and type.
By application, the global epoxy resins market is segmented into paints & coatings, adhesives & sealants, composites, and others. Epoxy resins find the largest application in paints & coatings. Epoxy-based paints & coatings prevent corrosion and rust and find high demand in several industries such as building and construction, automotive, and others. Moreover, the rapid industrialization in the developing countries of Asia-Pacific is expected to increase the demand for epoxy resins for paints & coatings application. Epoxy resins might find an increasing growth opportunity in adhesive applications, owing to the increasing demand for light-weight cars to meet to the fuel economy standards.
By physical form, the global epoxy resins market is segmented into liquid, solid, and solution. By type, the global Epoxy Resins market is segmented into DGBEA, DGBEF, Novolac, Aliphatic, Glycidyl amine, and others. By end-use industry, the global epoxy resins market is segmented into building & construction, aerospace, wind power, marine, and others.
Global Epoxy Resins Market – Geographical Analysis:
The global Epoxy Resins market is segmented into the regions as North America, Europe, Asia Pacific, South America, and others. Asia-Pacific is estimated to be the largest market for the epoxy resins market owing to the rapid industrialization, the growth in infrastructure and rising automobile production. In Asia-Pacific, the leading market for epoxy resins is the paints & coatings industry, owing to the large consumption in the building & construction industry.
Global Epoxy Resins Market – Competitive Analysis:
The global Epoxy Resins market is highly competitive with the presence of major market players in all the regions. The key market players are highly focused on developing new technologies for unique applications. For instance, in September 2017, Hexion Inc., has developed a new epoxy resin system with low fire, smoke and toxicity properties built into the resin structure EPON™ FlameX Resin 9600 / EPIKURE™ FlameX Curing Agent 9700, that provides manufacturers with a novel, homogeneous material for use in composite parts for aircraft interiors as well as marine, rail and architectural applications.
Few of the key market players of the global Epoxy Resins market are:
• BASF SE
• 3M Company
• Cytec Solvay Group
• E. I. Du Pont De Nemours and Company
• Hexion Inc.
• Huntsman Corporation
• Kukdo Chemicals Co. Ltd.
• Nan Ya Plastics Corporation
• Olin Corporation
• The Dow Chemicals Company
• Paints & coatings is the leading application segment owing to the rapid industrialization in the developing countries of Asia-Pacific.
• Asia-Pacific is the leading geographic segment, owing to the rapid growth in infrastructure and rising automobile production.
• The market would witness intense competition among the key players that are highly focused on new product launches and expansions through acquisitions.
The scope of the Report
The report covers the factors impacting the market, Porter 5 Forces, Competitive Landscape, Product Benchmarking, and company profiles. Epoxy Resins Market is segmented based on the physical form as liquid, solid, and solution. Based on the application the market is segmented as – paints & coatings, adhesives and sealants, composites and others. Based on the end-use industry the market is categorized as building and construction, aerospace, wind power, marine, and others. Based on the type the market is segmented into – DGBEA, DGBEF, Novolac, Aliphatic, Glycidylamine, and others. Based on geography the market is segmented into - North America, South America, Europe, Asia Pacific and the Middle East and Africa.
Why Purchase the Report?
• Visualize the composition of the Epoxy Resins market across each indication, in terms of material and application, highlighting the key commercial assets and players.
• Identify commercial opportunities in Epoxy Resins market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points from the Epoxy Resins market - level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key products of all major market players
• Equipment Suppliers/ Buyers
• Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
Chapter 1 Global Epoxy Resins Market - Methodology and Scope
1.1 Research methodology
1.2 Scope of the Report
Chapter 2 Global Epoxy Resins Market - Headlines & Trends
2.1 Key Trends & Developments
Chapter 3 Global Epoxy Resins Market - Industry Analysis
3.1 Industry Impact Factors (Drivers & Restraints)
3.2 Porter 5 Forces
Chapter 4 Global Epoxy Resins Market - Product Analysis
4.1 By Type
4.1.1 DGBEA (Diglycidil ether of bisphenol-A)
4.1.2 DGBEF (Diglycidil ether of bisphenol-F)
4.1.5 Others (Epichlorohydrin)
4.2 By Application
4.2.1 Paints & Coatings
4.2.2 Adhesives & Sealants
4.2.4 Others (Electronic Encapsulation)
4.3 By End-Use Industry
4.3.1 Building & Construction
4.3.3 Wind Power
4.3.4 Others (Transportation, Consumer Goods)
4.4 By Physical Form
Chapter 5 Global Epoxy Resins Market - Geographical Analysis
5.1 Global Epoxy Resins Market - Geographic Overview
5.2 North America
5.3 South America
5.3.3 Rest of South America
5.4.2 United Kingdom
5.4.4 Rest of Europe
5.5.5 Rest of Asia-Pacific
Chapter 6 Global Epoxy Resins Market - Competitive Landscape
6.1 Competitive Scenario
6.2 Key Strategies adopted by Manufacturers
6.3 Product Benchmarking
Chapter 7 Global Epoxy Resins Market - Company Profiles
7.1 3M Company
7.2 BASF SE
7.3 Cytec Solvay Group
7.4 E. I. Du Pont De Nemours and Company
7.5 Hexion Inc.
7.6 Huntsman Corporation
7.7 Kukdo Chemicals Co. Ltd.
7.8 Nan Ya Plastics Corporation
7.9 Olin Corporation
7.10 The Dow Chemicals Company
Chapter 8 Global Epoxy Resins Market - Appendix