Global Hydrogenated Bisphenol-A (HBPA) Epoxy Resin Market, By Physical Form (Liquid and Solid), Application (E&E Coating, Industrial Coating, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Hydrogenated bisphenol A (HBPA) is a chemical which is used to production of thermosetting polymer like epoxy resins. This is consequently used as raw materials in paints and engineering plastics in several end-use industries such as, automotive, building and construction and more. The HBPA epoxy resin market is mainly driven by its increasing application in paints and coatings such as in architectural coating, industrial coating, and more that utilizes HBPA epoxy resin to improve corrosion resistance. More, the surging demand from the electronics and electrical industry for protective coating is anticipated to fuel the HBPA epoxy resins demand, which is further enhancing the growth of the HBPA epoxy resin industry.
Data Bridge Market Research analyses that the hydrogenated bisphenol-A (HBPA) epoxy resin market was valued at USD 2.00 billion in 2021 and is expected to reach USD 2.98 billion by 2029, registering a CAGR of 5.12 % 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
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Physical Form (Liquid and Solid), Application (E&E Coating, Industrial Coating, Others)
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
Market Players Covered
Hexion (US), Atul Ltd (India), New Japan Chemical Co. Ltd. (Japan), Aditya Birla Chemicals (India), Kukdo Chemicals Co. Ltd. (South Korea), Anhui Xinyuan Chemical Co. Ltd. (China), SIR Industriale (Italy), LANXESS (US), Nagase America Corporation (US), and Huntsman Corporation L.L.C (US), Mitsubishi Chemical Holdings Corporation.(Japan), Milliken & Co group (US), Dow (US), Olin Corporation (US), Solvay (Belgium)
Bisphenol-A (BPA) is a colourless solid and this is an organic synthetic compound. Hydrogenation of bisphenol-A is performed by application of different solvent and catalyst combination under high temperature and hydrogen pressure. Solvent and Catalyst combination such as water and mesoporous silica-based nano ruthenium here water as solvent are applied in the hydrogenation procedure of bisphenol-A. Hydrogenated bisphenol-A (HBPA) is used to provide excellent colour stability and weather ability to epoxy resin. HBPA epoxy resin is prepared by HBPA and epichlorohydrin (ECH) as base materials under the coexistence of solid alkali metal hydroxides, such as a novel catalyst and sodium hydroxide. HBPA epoxy resin has properties such as high initial degradation temperature with high thermal stability with, rigidity, and flexibility.
Hydrogenated Bisphenol-A (HBPA) Epoxy Resin Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Rise the demand in wind and solar power plant
The demand of Hydrogenated bisphenol-A (HBPA) arises due to Increase in global warming which increase the need to meet with future energy demands, this led to the expansion of wind and solar plant facilities. The HBPA epoxy resin, in liquid form, is extensively used in wind power applications.
- Increasing construction activities
Robust growth of the construction industry in the countries is anticipated to drive the market during the forecast period. The construction industry is the second-largest industry in India, with a GDP contribution of about 9%. The construction industry decelerated down due to COVID-19, but a major share of projects in commercial space is likely to continue even during the forecast period.
- Rise in demand due to wide application
HBPA epoxy resins are extensively used in the construction, paints and coatings, and electrical industry. The rise in demand for paints and coatings in the construction and building, this resins are also used as shielding coatings for high- voltage equipment such as insulators, transformers, electrical coatings in the power generation industry. These applications are anticipated to drive the market in the region.
- Rise in demand due to environmental concern
Rise in awareness among people towards the eco-friendly and environment friendly products has driven the demand for electric vehicles because HBPA epoxy resins can decrease the weight of the body and improve the safety functions against electrical issues.
- Increasing automotive production
The HBPA epoxy resins are applied as an exterior protective coating for the protection of the vehicles from high temperature, which may damage the external body part of the automotive vehicles. The increasing automotive production is generating an opportunity for the growth of the HBPA epoxy resin in the market.
HBPA epoxy resin is mainly used as a protective coating which protect the surface from the high temperature, because it can cause damage to the surface. However, there are certain health-related problems due to the presence of bisphenol A content in HBPA, which is not good for human health. The use of bisphenol A causes health-related problems such as cancer, heart-related issues, and for children, it is a more serious health issue. According to Environmental Protection Agency (EPA), HBPA content has been considered harmful for human health, which are the major market restrains that will obstruct the market's growth rate.
This hydrogenated bisphenol-A (HBPA) 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 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 hydrogenated bisphenol-A (HBPA) 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.
COVID-19 Impact on Hydrogenated Bisphenol-A (HBPA) Epoxy Resin Market
The strict rules and regulations during Covid-19 pandemic impacted industrial production activities all over the world. Due to this decline the production rate of paints and coatings, due to this HBPA epoxy industry suffered losses, as Hydrogenated bisphenol-A (HBPA) epoxy resin is used as a raw material in the production of paints and coatings. For instance, according to Japan Paint Manufacturers Association (JPMA), in the year 2019, the total paints and coatings production in Japan was 1,645,960 tons, and in 2020 it was 1,487,705 tons, a decline of 10.64%. This decline resulted in the drop in the market growth for the HBPA epoxy resin.
- In December 2021, Mitsubishi Chemical Corporation in Japan extended company capacity for special epoxy resins, in which including HBPA epoxy resin for the electronics sector. Thus, such manufacturing development will profitable for the market during the upcoming years.
- In October 2021, Atul Ltd whch has based in India expanded their production capacity for the performance materials business, which also includes HBPA epoxy resin. These capacity extensions will further accelerate the HBPA market growth.
Global Hydrogenated Bisphenol-A (HBPA) Epoxy Resin Market Scope
The hydrogenated bisphenol-A (HBPA) epoxy resin market is segmented on the basis of physical form 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.
- E&E Coating
- Industrial Coating
Hydrogenated Bisphenol-A (HBPA) Epoxy Resin Market Regional Analysis/Insights
The hydrogenated bisphenol-A (HBPA) epoxy resin market is analysed and market size insights and trends are provided by country, physical form and application as referenced above.
The countries covered in the hydrogenated bisphenol-A (HBPA) epoxy resin market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
Asia-Pacific dominates the hydrogenated bisphenol-A (HBPA) epoxy resin market in terms of market share and revenue during the forecast period. This is due to the growing demand for hydrogenated bisphenol-A (HBPA) epoxy resin in this region. The Asia-Pacific region leads the hydrogenated bisphenol-A (HBPA) epoxy resin market, with China leading hydrogenated bisphenol-A (HBPA) epoxy resin market due to increase in demand from several applications. Due of the ease of high demand of hydrogenated bisphenol-A (HBPA) epoxy resin, China is leading the Asia-Pacific market.
During the projected period, North America is expected to be the fastest developing region due to the rising demand of re-usable hydrogenated bisphenol-A (HBPA) epoxy resin in retail sector in this region.
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 Hydrogenated Bisphenol-A (HBPA) Epoxy Resin Market Share Analysis
The hydrogenated bisphenol-A (HBPA) 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 hydrogenated bisphenol-A (HBPA) epoxy resin market.
Some of the major players operating in the hydrogenated bisphenol-A (HBPA) epoxy resin market are:
- Hexion (US)
- Atul Ltd (India)
- New Japan Chemical Co. Ltd. (Japan)
- Aditya Birla Chemicals (India)
- Kukdo Chemicals Co. Ltd. (South Korea)
- Anhui Xinyuan Chemical Co. Ltd.(China)
- SIR Industriale (Italy)
- Nagase America Corporation (US)
- Huntsman Corporation L.L.C (US)
- Mitsubishi Chemical Holdings Corporation. (Japan)
- Milliken & Co group (US)
- Dow (US)
- Olin Corporation (US)
- Solvay (Belgium)
Research Methodology: Global Hydrogenated Bisphenol-A (HBPA) Epoxy Resin Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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