Epoxy Resin Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	150 Pages	Fortune Business Insights Pvt. Ltd.	September, 2024	FOB19185696

Best Price Guarantee
Price	from $4,850
Length	150 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	September, 2024
SKU	FOB19185696

Epoxy Resin Market

Growth Factors of Epoxy Resin Market

The epoxy resin market size was valued at USD 12.74 billion in 2023, and the market is now projected to grow USD 21.37 billion by 2032, exhibiting a CAGR of 5.9% during the forecast period of 2023-2030.

There was a break created in the supply and demand system. The market observed a negative demand distress across all regions amid the pandemic. The sudden drop is attributed to the halted activities in end-use industries which resulted in decline in demand for the product. The variation in cost of epoxy resin hindered the growth. Hence, in the COVID-19 pandemic, the decreased demand for the product has negatively influenced the epoxy resin market growth.

The multipurpose nature of epoxy composite with their properties is attracting various sectors. The construction, automotive, aerospace, electrical, electronics, energy and others highly adopt these resins. The epoxy resin market share globally has been contributed due to the gradually growing end-use industries. The increasing need for advanced & long-term powder coatings has raised demand across metal coating applications. High spending in the construction area is creating a highly encouraging environment for epoxy flooring, epoxy adhesives & epoxy composites used in buildings.

The trend is growing demand for bio-based polyepoxides to boost the market growth. To diminish petroleum-based resins' ecological impact, bio-based epoxies are developing. A certain portion of the petrochemicals is substituted with biomaterials ranging from 20-50%. The eco-functional materials include lignin, vegetable oils, rosins, tannins, and others. The bio-based resins can be efficiently utilized in comparable applications, including coatings, adhesives, composites and others.

Comprehensive Analysis of Epoxy Resin Market

The epoxy resin market and chemicals & advanced materials industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the plastics polymers & resins industry. These segmentations are methodically segregated by types of application. The application includes paint & coatings, Electrical & Electronics, wind turbine & composites, civil engineering, adhesive & sealants, and others.

The Asia Pacific region is conducive to the global epoxy resin market, leading to a recall of USD 8.76 billion because of the presence of large-scale manufacturers backed by bulk availability of raw materials. With favorable growth of end-use industries in China, India, South East Asian countries are the major contributors to the market expansion.

The top players in the market play a crucial role in the plastics polymers & resins industry assuring industrial prospectus growth and setting market standards. These players include Kukdo Chemical Co., Ltd. (South Korea), Huntsman Corporation (U.S.), Olin Corporation (U.S.), Nan Ya Plastics Corporation (Taiwan), Hexion Inc. (Westlake Chemicals) (U.S.), Chang Chun Group (Taiwan), Aditya Birla Chemicals (India), Sika Group (Switzerland), DIC Corporation (Japan), China Petrochemical & Chemical Corporation (China), these market players provide a level-playing competitive landscape.

In March 2024, Grasim Industries Limited, a subsidiary of Aditya Birla Group, inaugurated the capacity expansion project of Epoxy resins and formulation capacity at Vilayat, Gujarat. The overall capacity of the company for its advanced materials will increase to 246,000 tons per annum with this capacity expansion.

Segmentation Table

Global Epoxy Resin Market Scope

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.9% during 2024-2032

Unit Volume (Kiloton); Value (USD Billion)

Segmentation By Application

- Paint & Coatings

- Electrical & Electronics

- Wind Turbine & Composites

- Civil Engineering

- Adhesive & Sealants

- Others

By Geography

- North America (By Application, By Country)

U.S. (By Application)
Canada (By Application)

- Europe (By Application, By Country)

Germany (By Application)
U.K. (By Application)
France (By Application)
Spain (By Application)
Rest of Europe (By Application)

- Asia Pacific (By Application, By Country)

China (By Application)
India (By Application)
Japan (By Application)
South Korea (By Application)
Rest of Asia Pacific (By Application)

- Latin America (By Application, By Country)

Brazil (By Application)
Mexico (By Application)
Rest of Latin America (By Application)

- Middle East and Africa (By Application, By Country)

GCC (By Application)
Rest of Middle East (By Application)
Africa (By Application)

Please Note:

1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Key Emerging Trends – For Major Regions; 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.; 4.3. Latest Technological Advancements; 4.4. Insights on Sustainability; 4.5. Porters Five Forces Analysis; 4.6. Impact of COVID-19 on the Market
5. Global Epoxy Resin Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. By Application (Value & Volume); 5.2.1. Paint & Coatings; 5.2.2. Electrical & Electronics; 5.2.3. Wind Turbine & Composites; 5.2.4. Construction; 5.2.5. Adhesive & Sealants; 5.2.6. Others; 5.3. By Region (Value & Volume); 5.3.1. North America; 5.3.2. Europe; 5.3.3. Asia pacific; 5.3.4. Latin America; 5.3.5. Middle East & Africa
6. North America Epoxy Resin Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. By Application (Value & Volume); 6.2.1. Paint & Coatings; 6.2.2. Electrical & Electronics; 6.2.3. Wind Turbine & Composites; 6.2.4. Construction; 6.2.5. Adhesive & Sealants; 6.2.6. Others; 6.3. By Country (Value & Volume); 6.3.1. U.S.; 6.3.1.1. By Application; 6.3.1.1.1. Paint & Coatings; 6.3.1.1.2. Electrical & Electronics; 6.3.1.1.3. Wind Turbine & Composites; 6.3.1.1.4. Construction; 6.3.1.1.5. Adhesive & Sealants; 6.3.1.1.6. Others; 6.3.2. Canada; 6.3.2.1. By Application; 6.3.2.1.1. Paint & Coatings; 6.3.2.1.2. Electrical & Electronics; 6.3.2.1.3. Wind Turbine & Composites; 6.3.2.1.4. Construction; 6.3.2.1.5. Adhesive & Sealants; 6.3.2.1.6. Others
7. Europe Epoxy Resin Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. By Application (Value & Volume); 7.2.1. Paint & Coatings; 7.2.2. Electrical & Electronics; 7.2.3. Wind Turbine & Composites; 7.2.4. Construction; 7.2.5. Adhesive & Sealants; 7.2.6. Others; 7.3. By Country (Value & Volume); 7.3.1. Germany; 7.3.1.1. By Application; 7.3.1.1.1. Paint & Coatings; 7.3.1.1.2. Electrical & Electronics; 7.3.1.1.3. Wind Turbine & Composites; 7.3.1.1.4. Construction; 7.3.1.1.5. Adhesive & Sealants; 7.3.1.1.6. Others; 7.3.2. U.K.; 7.3.2.1. By Application; 7.3.2.1.1. Paint & Coatings; 7.3.2.1.2. Electrical & Electronics; 7.3.2.1.3. Wind Turbine & Composites; 7.3.2.1.4. Construction; 7.3.2.1.5. Adhesive & Sealants; 7.3.2.1.6. Others; 7.3.3. France; 7.3.3.1. By Application; 7.3.3.1.1. Paint & Coatings; 7.3.3.1.2. Electrical & Electronics; 7.3.3.1.3. Wind Turbine & Composites; 7.3.3.1.4. Construction; 7.3.3.1.5. Adhesive & Sealants; 7.3.3.1.6. Others; 7.3.4. Spain; 7.3.4.1. By Application; 7.3.4.1.1. Paint & Coatings; 7.3.4.1.2. Electrical & Electronics; 7.3.4.1.3. Wind Turbine & Composites; 7.3.4.1.4. Construction; 7.3.4.1.5. Adhesive & Sealants; 7.3.4.1.6. Others; 7.3.5. Rest of Europe; 7.3.5.1. By Application; 7.3.5.1.1. Paint & Coatings; 7.3.5.1.2. Electrical & Electronics; 7.3.5.1.3. Wind Turbine & Composites; 7.3.5.1.4. Construction; 7.3.5.1.5. Adhesive & Sealants; 7.3.5.1.6. Others
8. Asia Pacific Epoxy Resin Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. By Application (Value & Volume); 8.2.1. Paint & Coatings; 8.2.2. Electrical & Electronics; 8.2.3. Wind Turbine & Composites; 8.2.4. Construction; 8.2.5. Adhesive & Sealants; 8.2.6. Others; 8.3. By Country (Value & Volume); 8.3.1. China; 8.3.1.1. By Application; 8.3.1.1.1. Paint & Coatings; 8.3.1.1.2. Electrical & Electronics; 8.3.1.1.3. Wind Turbine & Composites; 8.3.1.1.4. Construction; 8.3.1.1.5. Adhesive & Sealants; 8.3.1.1.6. Others; 8.3.2. India; 8.3.2.1. By Application; 8.3.2.1.1. Paint & Coatings; 8.3.2.1.2. Electrical & Electronics; 8.3.2.1.3. Wind Turbine & Composites; 8.3.2.1.4. Construction; 8.3.2.1.5. Adhesive & Sealants; 8.3.2.1.6. Others; 8.3.3. Japan; 8.3.3.1. By Application; 8.3.3.1.1. Paint & Coatings; 8.3.3.1.2. Electrical & Electronics; 8.3.3.1.3. Wind Turbine & Composites; 8.3.3.1.4. Construction; 8.3.3.1.5. Adhesive & Sealants; 8.3.3.1.6. Others; 8.3.4. South Korea; 8.3.4.1. By Application; 8.3.4.1.1. Paint & Coatings; 8.3.4.1.2. Electrical & Electronics; 8.3.4.1.3. Wind Turbine & Composites; 8.3.4.1.4. Construction; 8.3.4.1.5. Adhesive & Sealants; 8.3.4.1.6. Others; 8.3.5. Rest of Asia Pacific; 8.3.5.1. By Application; 8.3.5.1.1. Paint & Coatings; 8.3.5.1.2. Electrical & Electronics; 8.3.5.1.3. Wind Turbine & Composites; 8.3.5.1.4. Construction; 8.3.5.1.5. Adhesive & Sealants; 8.3.5.1.6. Others
9. Latin America Epoxy Resin Market Analysis, Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. By Application (Value & Volume); 9.2.1. Paint & Coatings; 9.2.2. Electrical & Electronics; 9.2.3. Wind Turbine & Composites; 9.2.4. Construction; 9.2.5. Adhesive & Sealants; 9.2.6. Others; 9.3. By Country (Value & Volume); 9.3.1. Brazil; 9.3.1.1. By Application; 9.3.1.1.1. Paint & Coatings; 9.3.1.1.2. Electrical & Electronics; 9.3.1.1.3. Wind Turbine & Composites; 9.3.1.1.4. Construction; 9.3.1.1.5. Adhesive & Sealants; 9.3.1.1.6. Others; 9.3.2. Mexico; 9.3.2.1. By Application; 9.3.2.1.1. Paint & Coatings; 9.3.2.1.2. Electrical & Electronics; 9.3.2.1.3. Wind Turbine & Composites; 9.3.2.1.4. Construction; 9.3.2.1.5. Adhesive & Sealants; 9.3.2.1.6. Others; 9.3.3. Rest of Latin America; 9.3.3.1. By Application; 9.3.3.1.1. Paint & Coatings; 9.3.3.1.2. Electrical & Electronics; 9.3.3.1.3. Wind Turbine & Composites; 9.3.3.1.4. Construction; 9.3.3.1.5. Adhesive & Sealants; 9.3.3.1.6. Others
10. Middle East & Africa Epoxy Resin Market Analysis, Insights and Forecast, 2019-2032: 10.1. Key Findings / Summary; 10.2. By Application (Value & Volume); 10.2.1. Paint & Coatings; 10.2.2. Electrical & Electronics; 10.2.3. Wind Turbine & Composites; 10.2.4. Construction; 10.2.5. Adhesive & Sealants; 10.2.6. Others; 10.3. By Country (Value & Volume); 10.3.1. GCC; 10.3.1.1. By Application; 10.3.1.1.1. Paint & Coatings; 10.3.1.1.2. Electrical & Electronics; 10.3.1.1.3. Wind Turbine & Composites; 10.3.1.1.4. Construction; 10.3.1.1.5. Adhesive & Sealants; 10.3.1.1.6. Others; 10.3.2. Rest of Middle East; 10.3.2.1. By Application; 10.3.2.1.1. Paint & Coatings; 10.3.2.1.2. Electrical & Electronics; 10.3.2.1.3. Wind Turbine & Composites; 10.3.2.1.4. Construction; 10.3.2.1.5. Adhesive & Sealants; 10.3.2.1.6. Others; 10.3.3. Africa; 10.3.3.1. By Application; 10.3.3.1.1. Paint & Coatings; 10.3.3.1.2. Electrical & Electronics; 10.3.3.1.3. Wind Turbine & Composites; 10.3.3.1.4. Construction; 10.3.3.1.5. Adhesive & Sealants; 10.3.3.1.6. Others
11. Competitive Landscape: 11.1. Company Market Share/Ranking Analysis, 2023; 11.2. Company Profiles; 11.2.1. Kukdo Chemical Co., Ltd.; 11.2.1.1. Overview; 11.2.1.2. Description; 11.2.1.3. Application Portfolio; 11.2.1.4. Financials (Data as available in public domain and/or on paid databases); 11.2.1.5. Recent Developments; 11.2.2. Huntsman Corporation; 11.2.2.1. Overview; 11.2.2.2. Description; 11.2.2.3. Application Portfolio; 11.2.2.4. Financials (Data as available in public domain and/or on paid databases); 11.2.2.5. Recent Developments; 11.2.3. Olin Corporation; 11.2.3.1. Overview; 11.2.3.2. Description; 11.2.3.3. Application Portfolio; 11.2.3.4. Financials (Data as available in public domain and/or on paid databases); 11.2.3.5. Recent Developments; 11.2.4. Nan Ya Plastics Corporation; 11.2.4.1. Overview; 11.2.4.2. Description; 11.2.4.3. Application Portfolio; 11.2.4.4. Financials (Data as available in public domain and/or on paid databases); 11.2.4.5. Recent Developments; 11.2.5. Hexion Inc. (Westlake Chemicals); 11.2.5.1. Overview; 11.2.5.2. Description; 11.2.5.3. Application Portfolio; 11.2.5.4. Financials (Data as available in public domain and/or on paid databases); 11.2.5.5. Recent Developments; 11.2.6. Chang Chun Group; 11.2.6.1. Overview; 11.2.6.2. Description; 11.2.6.3. Application Portfolio; 11.2.6.4. Financials (Data as available in public domain and/or on paid databases); 11.2.6.5. Recent Developments; 11.2.7. Aditya Birla Chemicals; 11.2.7.1. Overview; 11.2.7.2. Description; 11.2.7.3. Application Portfolio; 11.2.7.4. Financials (Data as available in public domain and/or on paid databases); 11.2.7.5. Recent Developments; 11.2.8. Sika Group; 11.2.8.1. Overview; 11.2.8.2. Description; 11.2.8.3. Application Portfolio; 11.2.8.4. Financials (Data as available in public domain and/or on paid databases); 11.2.8.5. Recent Developments; 11.2.9. DIC Corporation; 11.2.9.1. Overview; 11.2.9.2. Description; 11.2.9.3. Application Portfolio; 11.2.9.4. Financials (Data as available in public domain and/or on paid databases); 11.2.9.5. Recent Developments; 11.2.10. China Petrochemical & Chemical Corporation (SINOPEC); 11.2.10.1. Overview; 11.2.10.2. Description; 11.2.10.3. Application Portfolio; 11.2.10.4. Financials (Data as available in public domain and/or on paid databases); 11.2.10.5. Recent Developments
12. Strategic Recommendations