Epoxy Resin Market Research Growth 2024: Regional Economic Analysis, Business Assessment, and Opportunities | BASF SE, Huntsman Corporation, The Dow Chemical Company

Market Overview:

Epoxy resins are thermosetting polymers used in powder coatings, electrical and electronic components, industrial coating, adhesives, and composites industries. They are used for protecting metals from corrosion and provide great adhesion strength and durability.

Market Dynamics:

The epoxy resin market is expected to witness significant growth over the forecast period owing to increasing demand from the construction industry. Epoxy resins find wide application in protective coatings and construction adhesives in this industry. They help bind construction materials together and provide protection against water, chemicals, corrosion and abrasion. Furthermore, rapid urbanization in developing countries has boosted infrastructure development activities, which in turn is driving the demand for epoxy resins in the construction sector. The market is also expected to be propelled over the forecast period due to increasing usage of epoxy resins in wind power industry for manufacturing rotor blades, nacelles and other components.

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Major market players included in this report are:

★ BASF SE
★ Huntsman Corporation
★ The Dow Chemical Company
★ 3M Company
★ DuPont
★ Aditya Birla Chemicals Ltd (Thailand)
★ Momentive Specialty Chemicals Inc
★ Nan Ya Plastics Corporation
★ Kukdo Chemical Ltd.
★ NAMA Chemicals

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

By Application:
✦ Paint and Coatings
✦ Wind Energy
✦ Composites
✦ Construction
✦ Electrical and Electronics
✦ Adhesives
✦ Others

Regional Analysis:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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👉 Epoxy Resin Market Drivers

✦ Increasing Demand from Wind Energy Sector

The wind energy sector has been witnessing significant growth over the past few years owing to rising focus on renewable energy sources and need to reduce carbon footprint. Epoxy resins play a critical role in wind turbine manufacturing as they are used for bonding rotor blades, gearbox casings and other structural components that require high strength and durability. Their excellent adhesive strength and corrosion resistance make them ideal for various applications in wind turbines. As the installation of wind farms continues to increase worldwide to meet the escalating electricity demand, demand for epoxy resins from this end-use industry is also expected to rise considerably over the coming years.

✦ Growing Infrastructural Activities in Emerging Economies

Emerging economies across Asia Pacific and Latin America have been spending heavily on infrastructural development activities such as construction of roads, bridges, buildings, airports etc. to promote economic growth. Epoxy resins find widespread usage in the construction industry for applications like concrete reinforcement, waterproofing membranes, floor coatings and various other surface coatings due to their good adhesion, chemical resistance and low volatile organic compound content. Rising expenditures on public infrastructure combined with rapid urbanization in developing nations are fueling demand for epoxy resins from the construction sector.

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👉 Epoxy Resin Market Restraint

✦ Stringent Environmental Regulations Regarding Epoxy Resin Production

Epoxy resin production involves the use and discharge of certain toxic substances like bisphenol-A (BPA), epichlorohydrin and other hazardous chemicals. Strict environmental norms around the world pertaining to the manufacturing, usage and disposal of such harmful chemicals are limiting business expansion opportunities for epoxy resin producers. For example, the European Union has imposed regulations to ban the use of BPA in food packaging and food contact materials. Similarly, many countries have enforcement bans and restrictions on epichlorohydrin due to its carcinogenic properties. Complying with such stringent norms increases production costs for manufacturers.

👉 Epoxy Resin Market Opportunity

✦ Increasing Uptake in 3D Printing

3D printing technology has emerged as a rapidly growing industry in recent years with a wide range of applications across different verticals. Epoxy resin filaments are increasingly being used as a prominent build material in 3D printers due to their heat resistance, dimensional stability and smooth finish. Their ability to form strong chemical bonds results in robust final parts without any supports required. With continual technological advancements, 3D printing is finding new application scopes in areas like prototyping, healthcare, defense, aerospace among others. As the technology proliferates, it will drive higher consumption of epoxy resins for 3D printing filament production.

👉 Epoxy Resin Market Trends

✦ Rising Demand for Bio-Based and Green Epoxy Resins

Growing environmental consciousness and sustainability trends have prompted the development of bio-based and eco-friendly alternatives to conventional petroleum-derived epoxy resins. Bio-based epoxy resins that utilize plant-/vegetable oil-based intermediates are gaining traction due to their comparable performance and reduced carbon footprint. For example, soy-based epoxy resins offer renewable, recyclable and sustainable attributes. Similarly, green epoxies containing recycled content are also emerging. With stringent regulations and end-user priority on minimizing material impact, the bio-based and sustainable epoxy resin space is poised for notable expansion over the coming years.

Key Questions

• How much revenue will the global Epoxy Resin Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall Epoxy Resin Market?

• What are the indicators expected to drive the global Epoxy Resin Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Epoxy Resin Market to expand their geographical presence?

• What are the major advancements witnessed in the global Epoxy Resin Market?

• This report answers these questions and more about the global Epoxy Resin Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Table Of Content

Chapter No. 1 Introduction

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. USP & Key Offerings

1.2. Key Benefits for Stakeholders

1.3. Target Audience

1.4. Report Scope

Chapter No. 2 Executive Summary

2.1. Key Findings

2.1.1. Top Investment Pockets

2.1.1.1. Market Attractiveness Analysis, By Type

2.1.1.2. Market Attractiveness Analysis, By End Use

2.1.1.3. Market Attractiveness Analysis, By Region

2.2. Market Snapshot

2.3. Global Epoxy Resin Market, 2018 - 2022 (US$ Million)

2.4. Insights from Primary Respondents

Chapter No. 3 COVID-19 Impact Analysis

3.1. Impact Assessment of COVID-19 Pandemic, By Region

3.1.1. North America

3.1.2. Europe

3.1.3. Asia Pacific

3.1.4. Latin America

3.1.5. The Middle East and Africa

Chapter No. 4: Company Profiles

4.1 Company Overview
4.2 Financial elements
4.3 Product Landscape
4.4 SWOT Analysis
4.5 Systematic Outlook

Chapter No. 5: Assumptions and Acronyms

Chapter No. 6: Research Methodology

Chapter No. 7: Contact (Continue . . .)

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