Global Epoxy Resin Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Grade, Type, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030

The Global Epoxy Resin Market Stood Around 3500 Thousand Tonnes in 2021 and is Expected to Grow at a CAGR of 4.05% During the Forecast Period Until 2030

The global Epoxy Resin market stood around 3500 thousand tonnes in 2021 and is expected to grow at a CAGR of 4.05% during the forecast period until 2030. In the year 2021, the market showed a significant growth of 2.5% in comparison to 2020. Meghmani Finechem Ltd., on the leading producers of Chlor-Alkali and derivatives, has announced the construction of epichlorohydrin (ECH) plant worth INR 275 crore situated in Dahej, Gujarat, India. This plant is estimated to be operational in 2024 with an annual capacity of 50 thousand tonnes. The project is anticipated to reduce India’s dependance on other nations for importing Epoxy Resin.

Epoxy resin is a thermosetting copolymer produced through polymerization of epoxide and other monomers containing hydroxyl group. Epoxy resins consists of a monomeric resin, an accelerator, a hardener, and a plasticizer. These resins have various properties such as corrosion resistance, high thermal stability, high mechanical strength, high chemical and environmental resistance, durability, adhesion etc. owing to these properties, epoxy resins find application in several areas including paints and coatings, adhesives, composites, electronic encapsulation, and others. Major applications for epoxy resins include building and construction, automotive, general industrial, consumer goods, wind power, aerospace, marine, and others.

The Epoxy Resin market is primary driven by the construction and industrialization. Increasing demand of light weight high performance materials from the construction and automotive sectors coupled with the increasing demand for high performance materials in the wind power and aerospace industry is expected to drive the demand for epoxy resins for the forecast period. Moreover, the increasing need for biodegradable polymers and stringent environmental regulations regarding bisphenol A are expected to hinder the demand growth during the forecast period. Throughout the projection period, the automotive and construction industries are anticipated to exhibit significant increase which will further swell the Epoxy Resin demand in the forecast period and total market to reach about 5000 thousand tonnes by 2030.

Based on region, Asia Pacific and Europe are the leading consumers across the globe. In 2021, the highest demand was accounted by Asia Pacific region with a market share of about 60%. Due to increasing demand of application areas including construction and automotive, it is anticipated that Epoxy Resin market is anticipated to swell in the forthcoming years. Moreover, increasing population and per capita income is another factor propelling demand growth in Asia Pacific. Furthermore, China is leading producer of Epoxy Resin on an international level.

Based on type, the global Epoxy Resin market is divided into Bisphenol A Based Resin, Bisphenol F Based Resin, Epoxy Phenol Novolac Based Resin, Cycloaliphatic Epoxy Based Resin, and Others. Bisphenol A Based Resin is dominating the market due to heavy usage to manufacture Polycarbonate plastic and epoxy- based inner lining of canned goods. Some of the other applications of polycarbonate plastic are high performance paints and coatings, DVDs, laptops, refrigerators, eyewear, protective goggles, and optical lenses, and food storage containers.

Based on grade, the Epoxy Resin market is segregated into Liquid, Semi-Solid, and Solid. Amongst these grades, Liquid grade is the most popular kind in the market. Liquid grade was holding a market share of about 50% in 2021. This grade of Epoxy Resin can withstand chemical and physical reactions, and is corrosion resistance. Liquid Epoxy Resins are employed in many different applications, including coating materials, sealants, marine parts, electrical and electronics, and composites.

Based on the end-user industry, the global Epoxy Resin market is segmented into Paints & Coatings, Electrical & Electronics, Construction, Composite Materials, Adhesives, and Others. Paints & Coatings industry is the dominating as a consumer, with a market share of approximately 40% of the total demand in 2021. Electrical & Electronics is also a prominent consumer of Epoxy Resin market.

Major players in the production of Global Epoxy Resin market are Olin Coporation, Nan Ya Plastics Co Ltd, Jiangsu Sanmu Group, Kukdo Chemical Co., Ltd., Hexion Inc., Kumho P&B Chemicals, Huntsman Corporation, Nantong Xincheng Synthetic Material Co Ltd, Zhuhai Hongchang Electronic Material Co Ltd, Jiangsu Yangnong Kumho Chemical Co., Ltd., Sinopec Baling Petrochemical Co., Ltd, and NAMA Chemicals.

Years considered for this report:

• Historical Period: 2015- 2021
• Base Year: 2021
• Estimated Year: 2022
• Forecast Period: 2023-2030

Objective of the Study:

• To assess the demand-supply scenario of Epoxy Resin which covers production, demand and supply of Epoxy Resin market in the globe.
• To analyse and forecast the market size of Epoxy Resin
• To classify and forecast Global Epoxy Resin market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Epoxy Resin market in the globe.

To extract data for Global Epoxy Resin market, primary research surveys were conducted with Epoxy Resin manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, the publisher was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, the report analyzes various segments and projected a positive outlook for Global Epoxy Resin market over the coming years.

The publisher calculated Epoxy Resin demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Epoxy Resin across the globe. The publisher sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by the publisher.

Key Target Audience:

• Epoxy Resin manufacturers and other stakeholders
• Organizations, forums and alliances related to Epoxy Resin distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Epoxy Resin manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Global Epoxy Resin s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, by Type: Bisphenol A Based Resin, Bisphenol F Based Resin, Epoxy Phenol Novolac Based Resin, Cycloaliphatic Epoxy Based Resin, and Others
• Market, by Grade: Liquid, Semi-Solid, and Solid
• Market, by End-use: Paints & Coatings, Electrical & Electronics, Construction, Composite Materials, Adhesives, and Others
• Market, by Sales Channel: Direct Sale and Indirect Sale
• Market, by Region: North America, Europe, Asia Pacific, Middle East and Africa, and South America.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.