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According to the report, the epoxy resin market accounted for USD 7.54 Billion in 2015 and is expected to reach USD 11.22 Billion by 2021, growing at a CAGR of around 6.9% between 2016 and 2021. Epoxy resin is a thermosetting synthetic polymer having properties such as adhesive strength, luster, and hardness. Epoxy resins are available in the form of liquid as well as high viscosity solid. Epoxy resins are segmented on the basis of applications such as follow-paints & coatings, electrical & electronics, wind energy, construction, and composites.
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According to the report, the epoxy resin market accounted for USD 7.54 Billion in 2015 and is expected to reach USD 11.22 Billion by 2021, growing at a CAGR of around 6.9% between 2016 and 2021.
Epoxy resins are thermosetting polymers and are available in liquid, solution, and solid form. Epoxy resins are classified on the basis of physical phase as solid and liquid epoxy resins. Solid epoxy resins are nonhazardous material but liquid epoxy resins are classified as hazardous material. Epoxy resins are used as binders in cement and mortars, general purpose adhesives, industrial coatings, rigid foams, non-skid coatings, solidifying sandy surfaces in oil drilling, potting and encapsulating media. Epoxy resins are well known for its curable nature. The majority of epoxy resins are derived from petroleum.
On the basis of application epoxy resins segmented as paints & coatings, electrical & electronics, construction, wind turbine, composites, adhesive and others. Among all, paints & coatings accounted around 42% of the global epoxy resin market. Construction industry accounted for the third-largest share of the epoxy resin market in 2015 and is expected to grow during the forecast period because of, epoxy resin properties such as adhesive strength, luster, and hardness. Demand for epoxy resins in the automobile industry is expected to grow on account of heat resistance property of epoxy resin.
Asia Pacific was the dominant regional segment of the epoxy resin market in 2015. It accounted more than 63% of the global epoxy resin market in 2015.This trend is continued during the forecast period 2016 to 2021. Increasing automotive demand coupled with rapid infrastructure development is expected to grow the regional demand for epoxy resin during the forecast period. Germany is the main epoxy resin market in Europe. Germany accounted for about 30% market share of the total Europe demand in 2015 and is expected to grow with the highest rate in Europe. There will be boomed of epoxy resin market in Europe due to increasing demand in the aerospace industry. The increasing use of wind turbines for power generation is driving force for epoxy resin in North America and is expected to grow with moderate rate during the forecast period.
High growth in end user industries is the main driver for epoxy resin market. Besides that availability of phenolic resins and polyurethane as alternatives in various applications as well as fluctuations in raw material prices is expected to restrict market growth.
Key players in the market include Huntsman Corporation, Dow Chemical Company, Momentive Specialty Chemicals Inc., Nan Ya Plastic Corporation, Sika AG, Kukdo Chemical Co. Ltd., Ashland Inc., Cytec, NAMA Chemicals, 3M Company, Du Pont, BASF SE, Baling Petrochemical and Spol Chemie.
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[wptab name=’Table of content’]
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Epoxy Resin Market – Global Industry Analysis
Chapter 4 Global Epoxy Resin Market – Competitive Landscape
Chapter 5 Global Epoxy Resin Market – Application Segment Analysis
Chapter 6 Global Epoxy Resin Market – Regional Segment Analysis
Chapter 7 Company Profile
List of Figures
FIG. 1 Market Research Process
FIG. 2 Market Research Methodology
FIG. 3 Global epoxy resin market, 2015 – 2021, (Kilo tons) (USD Billion)
FIG. 4 Epoxy Resin Market: Value Chain Analysis
FIG. 5 Global epoxy resin market, 2015 – 2021 (USD Billion)
FIG. 6 Porter’s five forces analysis
FIG. 8 Market attractiveness analysis by application segment
FIG. 9 Market attractiveness analysis by regional segment
FIG. 10 Company Market Share Analysis, 2015
FIG. 11 Price Trend Analysis, 2015 – 2021, (USD/Kg)
FIG. 12 Global epoxy resin market volume share, by application, 2015 and 2021
FIG. 13 Global epoxy resin market for paints & coatings, 2015-2021, (Kilo tons) (USD Billion)
FIG. 14 Global epoxy resin market for wind energy, 2015-2021, (Kilo tons) (USD Billion)
FIG. 15 Global epoxy resin market for composites, 2015-2021, (Kilo tons) (USD Billion)
FIG. 16 Global epoxy resin market for construction, 2015-2021, (Kilo tons) (USD Billion)
FIG. 17 Global epoxy resin market for electrical & electronics, 2015-2021, (Kilo tons) (USD Billion)
FIG. 18 Global epoxy resin market for other applications, 2015-2021, (Kilo tons) (USD Billion)
List of Tables
TABLE 1 Market Snapshot
TABLE 2 Drivers For Global Epoxy Resin Market: Impact Analysis
TABLE 3 Restraints For Global Epoxy Resin Market: Impact Analysis
TABLE 4 North America epoxy resin market volume by application, 2015-2021 (Kilo tons)
TABLE 5 North America epoxy resin market revenue by application, 2015-2021 (USD Billion)
TABLE 6 Europe epoxy resin market volume by application, 2015-2021 (Kilo tons)
TABLE 7 Europe epoxy resin market revenue by application, 2015-2021 (USD Billion)
TABLE 8 Asia Pacific epoxy resin market volume by application, 2015-2021 (Kilo tons)
TABLE 9 Asia Pacific epoxy resin market revenue by application, 2015-2021 (USD Billion)
TABLE 10 Latin America epoxy resin market volume by application, 2015-2021 (Kilo tons)
TABLE 11 Latin America epoxy resin market revenue by application, 2015-2021 (USD Billion)
TABLE 12 Middle East and Africa epoxy resin market volume by application, 2015-2021 (Kilo tons)
TABLE 13 Middle East and Africa epoxy resin market revenue by application, 2015-2021 (USD Billion)
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