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Asia Pacific 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

  • 197 Pages
  • March 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5953780
The Asia Pacific Epoxy Resin Market would witness market growth of 6.5% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,128.02 kilo tonnes, showcasing a growth of 5.7% (2019-2022).

Liquid epoxy resins are fundamental components of the market, offering a versatile and widely utilized solution for a diverse array of applications across industries. As a key segment of the market, liquid formulations provide manufacturers with flexibility in processing and application, allowing for easy handling, mixing, and customization to meet specific performance requirements. Therefore, the China market utilized 183.74 kilo tonnes of Liquid epoxy resins in 2022.



The China market dominated the Asia Pacific Epoxy Resin Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,941.8 million by 2030. The Japan market is experiencing a CAGR of 5.8% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 7.1% during (2023 - 2030).

It is widely used as a matrix material in composite structures for aircraft components, including wings, fuselages, empennage, and interior panels. Epoxy-based composites offer a high strength-to-weight ratio, durability, and fatigue resistance, making them ideal for aerospace applications where weight reduction and performance are critical. Epoxy adhesives and sealants are utilized for bonding and sealing aerospace components, such as aircraft frames, engine components, and interior fittings. Epoxy adhesives provide strong bonds, excellent adhesion to various substrates, and resistance to harsh environmental conditions, enhancing structural integrity and reliability.

One of the primary drivers behind adopting epoxy resin is its exceptional performance characteristics. Epoxy resins offer a unique combination of high strength, durability, chemical resistance, and adhesion properties, making them well-suited for various applications. Industries such as aerospace, automotive, construction, electronics, marine, and consumer goods leverage these properties to enhance product performance, reliability, and longevity. For example, according to Invest India, the construction sector will grow to $1.4 trillion by 2025.

China’s healthcare sector is experiencing rapid growth, fueled by increasing healthcare spending, expanding access to medical services, and growing demand for advanced medical devices. Adopting Epoxy resin-based materials in surgical devices and implants promotes epoxy resin expansion in the medical device industry, driven by the increasing demand in China's healthcare system for minimally invasive operations, orthopedic treatments, and cardiovascular procedures. As per the National Medical Product Administration, China published a development plan for the medical equipment industry in December 2021 for the 14th Five-Year Plan period (2021-2025) to improve public health. According to the strategy, the nation wants to hasten the adoption of information technology in the medical equipment sector by 2025, resulting in the development of medical robots and digital health platforms. Therefore, due to the above-mentioned factors, the market will grow significantly in this region.

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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

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)
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

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 Asia Pacific Epoxy Resin Market, by Form
1.4.2 Asia Pacific Epoxy Resin Market, by Application
1.4.3 Asia Pacific Epoxy Resin Market, by Type
1.4.4 Asia Pacific Epoxy Resin Market, by End-use
1.4.5 Asia Pacific 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. Asia Pacific Epoxy Resin Market by Form
5.1 Asia Pacific Liquid Market by Country
5.2 Asia Pacific Solid Market by Country
Chapter 6. Asia Pacific Epoxy Resin Market by Application
6.1 Asia Pacific Paints & Coatings Market by Country
6.2 Asia Pacific Adhesives & Sealants Market by Country
6.3 Asia Pacific Composites Market by Country
6.4 Asia Pacific Electronic Encapsulation Market by Country
6.5 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Epoxy Resin Market by Type
7.1 Asia Pacific DGBEA (Bisphenol A & ECH) Market by Country
7.2 Asia Pacific DGBEF (Bisphenol F & ECH) Market by Country
7.3 Asia Pacific Novolac (Formaldehyde & Phenols) Market by Country
7.4 Asia Pacific Aliphatic (Aliphatic Alcohols) Market by Country
7.5 Asia Pacific Glycidylamine (Aromatic Amines & ECH) Market by Country
7.6 Asia Pacific Others Market by Country
Chapter 8. Asia Pacific Epoxy Resin Market by End-use
8.1 Asia Pacific Building & Construction Market by Country
8.2 Asia Pacific Transportation Market by Country
8.3 Asia Pacific General Industrial Market by Country
8.4 Asia Pacific Consumer Goods Market by Country
8.5 Asia Pacific Wind Energy Market by Country
8.6 Asia Pacific Aerospace Market by Country
8.7 Asia Pacific Marine & Others Market by Country
Chapter 9. Asia Pacific Epoxy Resin Market by Country
9.1 China Epoxy Resin Market
9.1.1 China Epoxy Resin Market by Form
9.1.2 China Epoxy Resin Market by Application
9.1.3 China Epoxy Resin Market by Type
9.1.4 China Epoxy Resin Market by End-use
9.2 Japan Epoxy Resin Market
9.2.1 Japan Epoxy Resin Market by Form
9.2.2 Japan Epoxy Resin Market by Application
9.2.3 Japan Epoxy Resin Market by Type
9.2.4 Japan Epoxy Resin Market by End-use
9.3 India Epoxy Resin Market
9.3.1 India Epoxy Resin Market by Form
9.3.2 India Epoxy Resin Market by Application
9.3.3 India Epoxy Resin Market by Type
9.3.4 India Epoxy Resin Market by End-use
9.4 South Korea Epoxy Resin Market
9.4.1 South Korea Epoxy Resin Market by Form
9.4.2 South Korea Epoxy Resin Market by Application
9.4.3 South Korea Epoxy Resin Market by Type
9.4.4 South Korea Epoxy Resin Market by End-use
9.5 Singapore Epoxy Resin Market
9.5.1 Singapore Epoxy Resin Market by Form
9.5.2 Singapore Epoxy Resin Market by Application
9.5.3 Singapore Epoxy Resin Market by Type
9.5.4 Singapore Epoxy Resin Market by End-use
9.6 Malaysia Epoxy Resin Market
9.6.1 Malaysia Epoxy Resin Market by Form
9.6.2 Malaysia Epoxy Resin Market by Application
9.6.3 Malaysia Epoxy Resin Market by Type
9.6.4 Malaysia Epoxy Resin Market by End-use
9.7 Rest of Asia Pacific Epoxy Resin Market
9.7.1 Rest of Asia Pacific Epoxy Resin Market by Form
9.7.2 Rest of Asia Pacific Epoxy Resin Market by Application
9.7.3 Rest of Asia Pacific Epoxy Resin Market by Type
9.7.4 Rest of Asia Pacific 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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