Global Epoxy Resin Market was valued at US$ 7.7 Bn in 2019 and is expected to reach US$ 12.45 Bn by 2026, at a CAGR of 6.5% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.Global Epoxy Resin Market
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The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding Epoxy Resin market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Further, the report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to emerging segment in the Epoxy Resin market.
Epoxy resin is better corrosion, water, and chemical resistant. Epoxy resin has superior adhesion, thermal stability, durability, and mechanical strength that makes it attractive for the aircraft industry. Despite that, fluctuating raw material costs and high prices of epoxy could hamper the market growth.
High performance of epoxy resin as compared to other resin, increasing research and development activities, and increase in penetration of epoxy resin in various end-user industries drive its demand in the global market. Epoxy resin is resistant to degradation and possesses superior adhesive and mechanical properties to make them versatile and suitable for a wide range of applications.
Global Epoxy Resin Market Segment Analysis:
Based on the application, paints & coatings are the most lucrative application segment in the global epoxy resin market followed by electronic encapsulation & others, composites, and others. Epoxy-based paints & coatings prevent corrosion and rust; resulting in high demand from several industries such as building & construction, automotive, and others.
Epoxy resin is extensively used as an insulation material for electronics and electrical applications that require protection in extreme and dangerous environments (such as, chemical plant equipment, deep sea, and engine management), owing to the properties, such as high physical and mechanical strength, good dimensional stability, excellent dielectric properties, etc.
Epoxy resins are mostly used in chemical and special purpose coatings as they provide a thin layer coating with outstanding chemical resistance, durability, strong bond strength and adhesion, and also dry quickly.
Based on the end-user, the building & construction sector expected to be the dominant end-use industry. An increase in employment, increase in public & private non-residential spending, and rise of green building construction are driving the epoxy resin market in the building & construction end-use industry. Though the growth of this sector has slowed down, it would still provide opportunities for the growth of the epoxy resin market.
Global Epoxy Resin Market Regional Analysis:
Geographically, Asia Pacific was the largest regional market in 2019. Increasing industrialization and growing infrastructural development make it an attractive market. The Asia Pacific market is majorly driven by countries such as China, Japan, South Korea, India, Taiwan, Malaysia, Thailand, Indonesia, and the Philippines. Rapid infrastructure development and the growing demands of the automotive industry, coupled with the increase in population are expected to fuel the market for epoxy resin in the Asia Pacific region.
However, applications of epoxy resin in emerging economies of the Middle East, Africa, and South America are expected to show a high growth rate due to higher architectural glazing, greenhouse glazing, and noise-reducing walls for roads and train tracks.
Global Epoxy Resin Market, Key Highlights:
• Global Epoxy Resin Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Epoxy Resin Market
• Global Epoxy Resin Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Epoxy Resin Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Epoxy Resin Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Epoxy Resin Market are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
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Global Epoxy Resin Market, by Type
• DGBEA
• DGBEF
• Novolac
• Aliphatic
• Glycidylamine
• Others
Global Epoxy Resin Market, by Physical Form
• Solid
• Liquid
• Solution
Global Epoxy Resin Market, by Application
• Paints & Coatings
• Adhesives
• Composites
• Electronic Encapsulation
• Others
Global Epoxy Resin Market, by End-user
• Building & Construction
• Transportation
• General Industrial
• Consumer Goods
• Wind Power
• Aerospace
• Marine
• Others
Global Epoxy Resin Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Global Epoxy Resin Market: Key Players
• BASF SE
• E I DuPont de Nemours and Company
• Dow Chemical Company
• Huntsman Corporation
• 3M Company
• Kukdo Chemicals
• Nan Ya Plastics Corporation
• Hexion Inc.
• Olin Corporation
• Cytec Solvay Group
• chang Chun Chemicals
• Sanmu Group
• Jubail Chemical Industries LLC (JANA)
• Aditya Birla Chemicals Ltd.
• Sika AG
• Baling Petrochemical
• Sicomin
• Eagle Chemicals
• Leuna Harze
• Spolchemie
• Elite Crete Systems
• RBC Industries Inc.
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