Global Epoxides Market, By Type (Ethylene Oxide, Propylene Oxide), Application (Coated Fabric, Wire and Cable, Flooring and Wall Coverings, Film and Sheet, Medical Devices, Consumer Goods, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
The most simplest and important epoxide is ethylene oxide which is prepared on a large scale by the process of catalytic oxidation of ethylene in the presence of air. It is used as a fumigant and used to form antifreeze, ethylene glycol, and other useful compounds. Also the epoxides are significantly helpful in functional groups with respects to the organic chemistry in order to generate reactive centres
Data Bridge Market Research analyses that the epoxides market was valued at USD 65280 million in 2021 and is expected to reach USD 85961.29 million by 2029, registering a CAGR of 3.50% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Ethylene Oxide, Propylene Oxide), Application (Coated Fabric, Wire and Cable, Flooring and Wall Coverings, Film and Sheet, Medical Devices, Consumer Goods, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Arkema(France), BASF SE (Germany), Daelim Co., Ltd. (South Korea), Dow (US), LG Chem (South Korea), Evonik Industries AG (Germany), Exxon Mobil Corporation (US), Eastman Chemical Company (US), INEOS AG (UK). UPC Technology Corporation (Taiwan), ADEKA CORPORATION (Japan), LANXESS (Germany), Galata Chemicals (Canada), Ashland (US), 3M (US), ADCO Constructions Pty Ltd (Australia), Benson Polymers (India), Chemence (US), H.B. Fuller Company (US), Dymax (US), Eastman Chemical Company (US)
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Market Opportunities
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Market Definition
Epoxides is an organic compound which also known as oxiranes. Epoxides are the three-membered ring structures which contains oxygen and carbon, oxygen place on the vertices of the ring and carbon placed on other two vertices. The three-atom ring of epoxide which is in equilateral triangle structure is highly reactive. It is even stronger than other ethers. Epoxide has low molecular weight and these compounds exist as non-polar, colourless, and volatile entities most of the time.
Epoxides Market Dynamics
Drivers
- Rise the demand of ethylene epoxide in surfactants
Surfactants are the most important ingredient in cleaning products, detergents, dishwashing detergents, cosmetic hair which has encountered in personal care and laundry care represent the main applications of these compounds. Therefore, the Eethylene epoxide, which is the derivative of epoxide, has been used in the generation of surfactants and detergents. The high demand of surfactants is expected to increase the growth of the epoxides market.
- Used in adhesives for carpentry and furniture industry
Pinch of epoxide can substitute the wood glue when building cabinet or furniture. Epoxide adhesive main advantage over wood glue is that it easily sets the wood and making it useful for urgent conditions. It can also be used as a subordinate adhesive to reinforce the wood glue. Epoxide adhesives are also used to cover the plywood with fiberglass. This adhesive increases the durability and strength of the construction. Epoxide is a brilliant option for coating bar tops and other normally wet wooden surfaces.
Opportunities
Rise in use demand due to numerous uses of ethylene epoxides, including generation of surfactants and detergents. The demand of epoxide increase because they are also used in the production of Epoxy resist due to have low viscosity and does not comprise with physical properties and strength. The rising demand of automotive across the globe will further increase several opportunities that will increase the growth of the epoxides market during forecast period. Also, upsurge in emerging new markets and new strategic collaborations will act as market drivers and further increase helpful opportunities for the market's growth.
Restraints/ Challenges
However, epoxides' has easy tear and wear out properties which will hinder the growth of the epoxides market. The outbreak of Covid-19 has disrupted the manufacturing unit and supply chain, affecting the growth of the market. The high cost of raw materials will challenge the growth rate of the market. Stringent regulation imposed by the government and toxic contents in PVC will also obstruct the growth of the epoxides market during the forecast period.
This epoxides market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the epoxides market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Epoxides Market Scope
The epoxides market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Ethylene Oxide
- Propylene Oxide
Application
- Coated Fabric
- Wire and Cable
- Flooring and Wall Coverings
- Film and Sheet
- Medical Devices
- Consumer Goods
- Others
Epoxides Market Regional Analysis/Insights
The epoxides market is analysed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the epoxides market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the epoxides market in terms of revenue and market share during the forecast period. This is due to the increasing demand for Epoxides in this region. The North America region leads the epoxides market due to the growing usage in consumer goods medical devices, and chemicals.
During the projected period, Asia-Pacific is anticipated to be the fastest developing region due to the increasing usage of product along with huge growth of end-user industries with in several consumer products as well as in medical devices.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Epoxides Market Share Analysis
The epoxides market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to epoxides market.
Some of the major players operating in the epoxides market are:
- Arkema(France)
- BASF SE (Germany)
- Daelim Co., Ltd. (South Korea)
- Dow (US)
- LG Chem (South Korea)
- Evonik Industries AG (Germany)
- Exxon Mobil Corporation (US)
- Eastman Chemical Company (US)
- INEOS AG (UK)
- UPC Technology Corporation (Taiwan)
- ADEKA CORPORATION (Japan)
- LANXESS (Germany)
- Galata Chemicals (Canada)
- Ashland (US)
- 3M (US)
- ADCO Constructions Pty Ltd (Australia)
- Benson Polymers (India)
- Chemence (US)
- H.B. Fuller Company (US)
- Dymax (US)
- Eastman Chemical Company (US)
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