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LAMEA Epoxy Resin Market Size, Share & Trends Analysis Report By Form (Liquid, and Solid), By Application (Paints & Coatings, Adhesives & Sealants, Composites, Electronic Encapsulation, and Others), By Type, By End-use, By Country and Growth Forecast, 2023 - 2030

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    Report

  • 194 Pages
  • March 2024
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5953561
The LAMEA Epoxy Resin Market would witness market growth of 7.8% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 206.87 kilo tonnes, showcasing a growth of 8.4% (2023-2030).

In the epoxy resin market, adhesives and sealants stand out as a crucial application segment, leveraging the unique properties of epoxy resins to deliver strong, durable bonds and effective sealing solutions across various industries. Epoxy-based adhesives are valued for their exceptional bonding strength, chemical resistance, and versatility, making them suitable for bonding a wide range of substrates, including metals, plastics, ceramics, and composites. Therefore, the Brazil market would utilize 9.13 kilo tonnes of epoxy resin in adhesives and sealants segment by 2030.



The Brazil market dominated the LAMEA Epoxy Resin Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $343.7 million by 2030. The Argentina market is showcasing a CAGR of 9% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8% during (2023 - 2030).

It is widely used as an encapsulant and insulating material for electronic components, circuit boards, transformers, and electrical devices. Epoxy encapsulation protects sensitive electronic components from moisture, thermal shock, mechanical stress, and environmental contaminants, ensuring reliability and longevity in various applications. Epoxy adhesives and potting compounds are employed in electronic assembly and packaging for bonding, sealing, and encapsulating components. Epoxy adhesives provide strong, durable bonds for surface mounting, component attachment, and wire bonding while potting compounds protect electronic assemblies from vibration, shock, and moisture ingress. It is used in composite shipbuilding for hulls, decks, bulkheads, and other structural components.

Epoxy-based composites offer superior strength, corrosion resistance, and fatigue performance compared to traditional materials like steel and aluminium, making them ideal for marine applications where lightweight, durable structures are essential. Epoxy coatings are applied to marine vessels, offshore platforms, pipelines, and structures for corrosion protection in harsh marine environments. Epoxy coatings provide excellent adhesion, chemical resistance, and barrier properties, preventing corrosion and extending the service life of marine assets.

Brazil has vast solar energy potential, and the country is increasingly investing in solar power generation projects to diversify its energy sources and lower dependence on fossil fuels. According to data issued in 2023 by the ITA, the renewable energy sector accounts for 83% of the Brazilian electricity matrix. Privat investment has facilitated the renewable energy sector’s consistent growth. It is anticipated that by 2029, investments in the Brazilian electricity sector, which includes utility-scale generation, distributed generation, transmission, and distribution projects, will exceed $100 billion. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.

Based on Form, the market is segmented into Liquid, and Solid. Based on Application, the market is segmented into Paints & Coatings, Adhesives & Sealants, Composites, Electronic Encapsulation, and Others. Based on Type, the market is segmented into DGBEA (Bisphenol A & ECH), DGBEF (Bisphenol F & ECH), Novolac (Formaldehyde & Phenols), Aliphatic (Aliphatic Alcohols), Glycidylamine (Aromatic Amines & ECH), and Others. Based on End-use, the market is segmented into Building & Construction, Transportation, General Industrial, Consumer Goods, Wind Energy, Aerospace, Marine & Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

  • Atul Ltd.
  • BASF SE
  • Huntsman Corporation
  • Nan Ya Plastics Corp. (NPC)
  • Solvay SA
  • The Dow Chemical Company
  • Olin Corporation
  • Mitsubishi Chemical Holdings Corporation
  • DIC Corporation
  • Hexion Inc. (Hexion Intermediate Holding 2, Inc.)

Market Report Segmentation

By Form (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Liquid
  • Solid
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Paints & Coatings
  • Adhesives & Sealants
  • Composites
  • Electronic Encapsulation
  • Others
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • DGBEA (Bisphenol A & ECH)
  • DGBEF (Bisphenol F & ECH)
  • Novolac (Formaldehyde & Phenols)
  • Aliphatic (Aliphatic Alcohols)
  • Glycidylamine (Aromatic Amines & ECH)
  • Others
By End-use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Building & Construction
  • Transportation
  • General Industrial
  • Consumer Goods
  • Wind Energy
  • Aerospace
  • Marine & Others
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Epoxy Resin Market, by Form
1.4.2 LAMEA Epoxy Resin Market, by Application
1.4.3 LAMEA Epoxy Resin Market, by Type
1.4.4 LAMEA Epoxy Resin Market, by End-use
1.4.5 LAMEA Epoxy Resin Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Epoxy Resin Market
Chapter 5. LAMEA Epoxy Resin Market by Form
5.1 LAMEA Liquid Market by Country
5.2 LAMEA Solid Market by Country
Chapter 6. LAMEA Epoxy Resin Market by Application
6.1 LAMEA Paints & Coatings Market by Country
6.2 LAMEA Adhesives & Sealants Market by Country
6.3 LAMEA Composites Market by Country
6.4 LAMEA Electronic Encapsulation Market by Country
6.5 LAMEA Others Market by Country
Chapter 7. LAMEA Epoxy Resin Market by Type
7.1 LAMEA DGBEA (Bisphenol A & ECH) Market by Country
7.2 LAMEA DGBEF (Bisphenol F & ECH) Market by Country
7.3 LAMEA Novolac (Formaldehyde & Phenols) Market by Country
7.4 LAMEA Aliphatic (Aliphatic Alcohols) Market by Country
7.5 LAMEA Glycidylamine (Aromatic Amines & ECH) Market by Country
7.6 LAMEA Others Market by Country
Chapter 8. LAMEA Epoxy Resin Market by End-use
8.1 LAMEA Building & Construction Market by Country
8.2 LAMEA Transportation Market by Country
8.3 LAMEA General Industrial Market by Country
8.4 LAMEA Consumer Goods Market by Country
8.5 LAMEA Wind Energy Market by Country
8.6 LAMEA Aerospace Market by Country
8.7 LAMEA Marine & Others Market by Country
Chapter 9. LAMEA Epoxy Resin Market by Country
9.1 Brazil Epoxy Resin Market
9.1.1 Brazil Epoxy Resin Market by Form
9.1.2 Brazil Epoxy Resin Market by Application
9.1.3 Brazil Epoxy Resin Market by Type
9.1.4 Brazil Epoxy Resin Market by End-use
9.2 Argentina Epoxy Resin Market
9.2.1 Argentina Epoxy Resin Market by Form
9.2.2 Argentina Epoxy Resin Market by Application
9.2.3 Argentina Epoxy Resin Market by Type
9.2.4 Argentina Epoxy Resin Market by End-use
9.3 UAE Epoxy Resin Market
9.3.1 UAE Epoxy Resin Market by Form
9.3.2 UAE Epoxy Resin Market by Application
9.3.3 UAE Epoxy Resin Market by Type
9.3.4 UAE Epoxy Resin Market by End-use
9.4 Saudi Arabia Epoxy Resin Market
9.4.1 Saudi Arabia Epoxy Resin Market by Form
9.4.2 Saudi Arabia Epoxy Resin Market by Application
9.4.3 Saudi Arabia Epoxy Resin Market by Type
9.4.4 Saudi Arabia Epoxy Resin Market by End-use
9.5 South Africa Epoxy Resin Market
9.5.1 South Africa Epoxy Resin Market by Form
9.5.2 South Africa Epoxy Resin Market by Application
9.5.3 South Africa Epoxy Resin Market by Type
9.5.4 South Africa Epoxy Resin Market by End-use
9.6 Nigeria Epoxy Resin Market
9.6.1 Nigeria Epoxy Resin Market by Form
9.6.2 Nigeria Epoxy Resin Market by Application
9.6.3 Nigeria Epoxy Resin Market by Type
9.6.4 Nigeria Epoxy Resin Market by End-use
9.7 Rest of LAMEA Epoxy Resin Market
9.7.1 Rest of LAMEA Epoxy Resin Market by Form
9.7.2 Rest of LAMEA Epoxy Resin Market by Application
9.7.3 Rest of LAMEA Epoxy Resin Market by Type
9.7.4 Rest of LAMEA Epoxy Resin Market by End-use
Chapter 10. Company Profiles
10.1 Atul Ltd.
10.1.1 Company Overview
10.2 BASF SE
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.5.2 Product Launches and Product Expansions:
10.2.6 SWOT Analysis
10.3 Huntsman Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segment and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Acquisition and Mergers:
10.3.6 SWOT Analysis
10.4 Nan Ya Plastics Corp. (NPC)
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 SWOT Analysis
10.5 Solvay SA
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Product Launches and Product Expansions:
10.5.6 SWOT Analysis
10.6 The Dow Chemical Company
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 SWOT Analysis
10.7 Olin Corporation
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 SWOT Analysis
10.8 Mitsubishi Chemical Holdings Corporation
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental Analysis
10.8.4 Research & Development Expense
10.8.5 SWOT Analysis
10.9 DIC Corporation
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 SWOT Analysis
10.10. Hexion Inc. (Hexion Intermediate Holding 2, Inc.)
10.10.1 Company Overview
10.10.2 Recent strategies and developments:
10.10.2.1 Partnerships, Collaborations, and Agreements:
10.10.3 SWOT Analysis

Companies Mentioned

  • Atul Ltd.
  • BASF SE
  • Huntsman Corporation
  • Nan Ya Plastics Corp. (NPC)
  • Solvay SA
  • The Dow Chemical Company
  • Olin Corporation
  • Mitsubishi Chemical Holdings Corporation
  • DIC Corporation
  • Hexion Inc. (Hexion Intermediate Holding 2, Inc.)

Methodology

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