Global Epoxy Resin Market, By Physical Form (Solid Epoxy Resin, Liquid Epoxy Resin, Solution Epoxy Resin, Solvent Cut Epoxy), Formulation Type (DGBEA, DGBEF, Novolac, Aliphatic, Glycidylamine, Others), Application (Paints and Coatings, Adhesives and Sealants, Composites, Electrical Encapsulations and Others), End-User (Building and Construction, Transportation, General Industrial, Consumer Goods, Wind Power, Aerospace, Marine and Others), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the epoxy resin market will witness a CAGR of 5.84% for the forecast period of 2021-2028 and is likely to reach at USD 9.83 billion by 2028.
Epoxy resin is a raw material used as an end-use chemical in paints and coatings. It is utilized in the powder form for electronic equipment. Epoxy resin is synthesized with bio-based epoxy curing agent in order to form natural rubber, sugar, vegetable oil and others. Epoxy resins are able to keep generators and transformers clean and free of short circuits.
The growth in the demand for eco-friendly coating and increasing application in the aerospace industry are the major drivers influencing the growth of the epoxy resin market. Furthermore, surge in the demand by aviation and automotive industry for the manufacturing of lightweight materials, growing usage of the product for the preparation of wooden boats as they are not prone to the tiny holes will accelerate the epoxy resin market growth rate.
Also, increasing adoption of the product and growing demand for lightweight and fuel efficient vehicles will provide beneficial opportunities for the epoxy resin market growth.
However, fluctuations in the prices of epoxy resin and presence of other alternatives in the market will hamper the growth of the epoxy resin market. Adverse effects of solvent borne coating on environment will challenge the epoxy resin market growth rate.
This epoxy resin market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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, geographical expansions, technological innovations in the market. To gain more info on epoxy resin 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 Epoxy Resin Market Scope and Market Size
The epoxy resin market is segmented on the basis of physical form, formulation type, application and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of physical form, the epoxy resin market is segmented into solid epoxy resin, liquid epoxy resin, solution epoxy resin and solvent cut epoxy.
- On the basis of formulation type, the epoxy resin market is segmented into DGBEA, DGBEF, novolac, aliphatic, glycidylamine and others.
- On the basis of application, the epoxy resin market is segmented into paints and coatings, adhesives and sealants, composites, electrical encapsulations and others.
- On the basis of end-user, the epoxy resin market is segmented into building and construction, transportation, general industrial, consumer goods, wind power, aerospace, marine and others.
Epoxy Resin Market Country Level Analysis
The epoxy resin market is analysed and market size, volume information is provided by country, physical form, formulation type, application and end-user as referenced above.
The countries covered in the epoxy resin 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, Israel, Egypt, South Africa, 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.
Asia-Pacific dominates the epoxy resin market and will continue to flourish its dominance during the forecast period due to the presence of various end-users and increase in the automotive production activities in this region. North America will continue to project the highest CAGR for this period because of the growing investment in the chemical sector and surge in the demand for consumer goods owing to the high disposable income in this region.
The country section of the epoxy resin market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Epoxy Resin Market Share Analysis
The epoxy resin 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 epoxy resin market.
The major players covered in the epoxy resin market report are DuPont, Aditya Birla Group, Spolek pro chemickou a hutní výrobu, akciová společnost, BASF SE, Dow, Huntsman International LLC, 3M, KUKDO CHEMICALS CO. LTD., NAN YA PLASTICS CORPORATION, Hexion, Olin Corporation, Solvay, Chang Chun Group, NAMA Chemicals, Sika AG, ASTRAL ADHESIVES, Eagle Chemicals, LEUNA-Harze GmbH, Elite Crete Systems, RBC Industries Inc, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Epoxy Resin Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.