The 2023-2028 World Outlook for Epoxy Resins

The 2023-2028 World Outlook for Epoxy Resins

This study covers the world outlook for epoxy resins across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of the globe. These comparative benchmarks allow the reader to quickly gauge a country vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved.

In this report we define the sales of epoxy resins as including all commonly understood products falling within this broad category, such as artificial hearts, kidneys, livers, pancreas, and lungs; ear and vision bionic, exoskeleton, bionic limb, spinal cord, deep brain, and vagus nerve brain stimulator medical bionics; and ventricular assist device (VAD) and heart valve cardiac bionics, irrespective of product packaging, formulation, size, or form. Companies participating in this industry include 3M Company, Adhesives Technology, Aditya Birla Chemicals, Alchemie, Asahi Kasei Corporation, Ashland Global Holdings, ASTRAL ADHESIVES, Atul, BASF, Bayer, BENSON POLYMER, Ltd., Celanese, Chang Chun Group, Ciech, Covestro AG, CVC Thermoset Specialties, Cytec Solvay Group, Dalian Qihua, DIC Corporation, Dow, DuPont, E. I. Du Pont De Nemours and Company, Eagle Chemicals, Elite Crete Systems, Epic Resins, Evonik Industries, FIBRE TECH COMPOSITE Private, Ltd., Hexion, Huntsman, Jiangsu sanmu group, Jubail Chemical Industries Company (JANA), K. H. Enterprises, KoreKote Advanced Epoxy Systems, Kukdo Chemical Company, LEUNA-Harze, Mitsui Chemicals, Momentive Performance Material Holding, LLC, MR. BOND Polychem, NAMA Chemicals, Nan Ya Plastics, Noble, Olin, PAARICHEM Resources, RBC Industries, Reichhold, Resoltech, Robnor Resins, Roto Polymers and Chemicals, Sicomin Epoxy Systems, Sika AG, Sinopec, SIR Industriale, Solvay, Spolchemie, Spolek pro chemickou a hutni vyrobu, Sumitomo Bakelite Company, The DOW Chemical Company, and Triveni chemicals. In addition to the sources indicated, additional information available to the public via news and/or press releases published by players in the industry was considered in defining and calibrating this category. All figures are in a common currency (U.S. dollars, millions) and are not adjusted for inflation (i.e., they are current values). Exchange rates used to convert to U.S. dollars are averages for the year in question. Future exchange rates are assumed to be constant in the future at the current level (the average of the year of this publication's release in 2022).