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Epoxy Resin Market: By Form: Solid, Liquid, Solution; By Type; By Application: Paints and Coatings, Adhesives and Sealants, Composites, Electronic Encapsulation, Others; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Epoxy Resin Market Outlook

The global epoxy resin market attained a value of about USD 6 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 6.1% to reach nearly USD 8.7 billion by 2026.

 

Asia Pacific to Hold a Significant Share of the Epoxy Resin Industry

The Asia Pacific region holds a significant share of the epoxy resin industry due to the robust growth of the construction industry. The increasing automotive production activities in the region are also increasing the demand for epoxy resin. Moreover, the expansion of the consumer electronics industry in countries such as India, China, South Korea, and Japan is further augmenting the industry growth. Apart from this, North America is witnessing a rapid expansion owing to the increasing investments in the chemical industry in the United States, which is aiding the market growth. The rising demand for consumer goods in the region due to high per-capita income is also augmenting the growth of the epoxy resin industry. As the focus on renewable and clean energy is increasing the adoption of solar energy, epoxy resins are used as an adhesive in solar panels while protecting them from extreme weather conditions, consequently fuelling the market growth.

 

Global Epoxy Resin Market

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Growing Demand for Packaging in the Food and Beverages Industry Boosting the Market Growth for Epoxy Resin

The rising demand for convenience and processed food and beverages is increasing the demand for packaging in both developed and emerging countries. Epoxy resins are used in internal coatings of cans to enhance the shelf life of canned food and beverages products. They are also used to protect and preserve the taste, texture, and colour of food and beverage products while preventing corrosion. Moreover, the increasing use of glass packaging is significantly contributing to the market growth as it uses epoxy resin to prevent corrosion in jars and bottles. The introduction of various stringent policies regarding food safety by several governments is increasing the use of epoxy resin, further fuelling the market growth.

 

Epoxy Resin: Industry Definition and Segmentation

Epoxy resins, variously known as polyepoxides, comprise various polymers and prepolymers, which either react with themselves or co-reactants to increase their mechanical, thermal, and chemical resistant properties. This makes them suitable for use in various diverse applications, such as metal coatings, electronic components, and adhesives, among others.

 

Global Epoxy Resin Market By Application

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The major forms of epoxy resin are:

  • Solid
  • Liquid
  • Solution

The market can be broadly categorised on the basis of its types into:

  • DGBEA (Bisphenol A and ECH)
  • DGBEF (Bisphenol F and ECH)
  • Novolac (Formaldehyde and Phenols)
  • Aliphatic (Aliphatic Alcohols)
  • Glycidylamine (Aromatic Amines and ECH)
  • Others

Based on application, the market is divided into:

  • Paints and Coatings 
  • Adhesives and Sealants
  • Composites
  • Electronic Encapsulation
  • Others

By end uses, the industry is classified into:

  • Building and Construction 
  • Transportation 
  • General Industrial
  • Consumer Goods
  • Wind Energy
  • Aerospace 
  • Marine

The EMR report looks into the regional markets of epoxy resin like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Epoxy Resin Market By Region

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Increasing Use of Epoxy Resin in the Automotive Industry to Promote Sustainability to Bolster the Epoxy Resin Industry

In addition, increasing measures taken in the automotive industry to reduce carbon emissions are propelling the market growth. Epoxy resin adhesives are increasingly used to make automobiles lighter as well as enhance their safety, durability, and efficiency. The rising demand for electric vehicles can also boost the market growth as epoxy resins can be used to seal electric motors in electric cars and electric scooters. For instance, Bayerische Motoren Werke AG (BMW) used a carbon-reinforced composite system using epoxy resin in its latest BMW7 as a lightweight replacement for traditional metals to reduce carbon footprints. This is expected to increase the use of epoxy resins to enhance heat transmission, corrosion protection, and electrical isolation in premium vehicles, therefore augmenting the industry growth.

Increasing researches regarding bio-based epoxy resins is expected to aid the market growth. Moreover, the development of bio-based epoxy resins derived from natural polyphenols and natural oils with high mechanical properties as petroleum-based adhesives is anticipated to invigorate the industry growth. The potential use of bio-based epoxy resins in the aviation industry as a substitute for petroleum-based materials is estimated to invigorate the market growth for epoxy resin. The increasing usage of epoxy resins in the manufacturing of thermoplastics to create lightweight and sustainable materials is projected to augment the industry growth.

 

Key Industry Players in the Global Epoxy Resin Market

The report presents a detailed analysis of the following key players in the global epoxy resin market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • BASF SE
  • Kukdo Chemical Co. Ltd.
  • Jiangsu Sanmu Group Co., Ltd.
  • Hexion Inc.
  • Aditya Birla Chemicals
  • Chang Chun Group
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Form, Type, Application, End Use, Region
Breakup by Form Solid, Liquid, Solution
Breakup by Type DGBEA (Bisphenol A and ECH), DGBEF (Bisphenol F and ECH), Novolac (Formaldehyde and Phenols), Aliphatic (Aliphatic Alcohols), Glycidylamine (Aromatic Amines and ECH), Others
Breakup by Application Paints and Coatings, Adhesives and Sealants, Composites, Electronic Encapsulation, Others
Breakup by End Use Building and Construction, Transportation, General Industrial, Consumer Goods, Wind Energy, Aerospace, Marine
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends-Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered BASF SE, Kukdo Chemical Co. Ltd., Jiangsu Sanmu Group Co., Ltd., Hexion Inc., Aditya Birla Chemicals, Chang Chun Group, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Epoxy Resin Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Epoxy Resin Historical Market (2016-2020) 
    8.3    Global Epoxy Resin Market Forecast (2021-2026)
    8.4    Global Epoxy Resin Market by Form
        8.4.1    Solid
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Liquid
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Solution
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Epoxy Resin Market by Type
        8.5.1    DGBEA (Bisphenol A and ECH)
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    DGBEF (Bisphenol F and ECH)
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Novolac (Formal Dehyde and Phenols)
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Aliphatic (Aliphatic Alcohols)
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Glycidylamine (Aromatic Amines and ECH)
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Others
    8.6    Global Epoxy Resin Market by Application
        8.6.1    Paints and Coatings
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Adhesives and Sealants
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Composites
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Electronic Encapsulation
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Others
    8.7    Global Epoxy Resin Market by End Use 
        8.7.1    Building and Construction
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Transportation
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    General Industrial
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Consumer Goods
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Wind Energy
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2016-2020)
            8.7.5.3    Forecast Trend (2021-2026)
        8.7.6    Aerospace
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2016-2020)
            8.7.6.3    Forecast Trend (2021-2026)
        8.7.7    Marine
            8.7.7.1    Market Share
            8.7.7.2    Historical Trend (2016-2020)
            8.7.7.3    Forecast Trend (2021-2026)
    8.8    Global Epoxy Resin Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis (HS Code – 390790)

    12.1    Major Exporting Countries
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1    By Value
        12.2.2    By Volume
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    BASF SE
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Kukdo Chemical Co. Ltd.
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3     Jiangsu Sanmu Group Co., Ltd.
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Hexion Inc.
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5      Aditya Birla Chemicals
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Chang Chun Group
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    Others
15    Industry Events and Developments


List of Figures and Tables

1.    Global Epoxy Resin Market: Key Industry Highlights, 2016 and 2026
2.    Global Epoxy Resin Historical Market: Breakup by Form (USD Million), 2016-2020
3.    Global Epoxy Resin Market Forecast: Breakup by Form (USD Million), 2021-2026
4.    Global Epoxy Resin Historical Market: Breakup by Type (USD Million), 2016-2020
5.    Global Epoxy Resin Market Forecast: Breakup by Type (USD Million), 2021-2026
6.    Global Epoxy Resin Historical Market: Breakup by Application (USD Million), 2016-2020
7.    Global Epoxy Resin Market Forecast: Breakup by Application (USD Million), 2021-2026
8.    Global Epoxy Resin Historical Market: Breakup by End Use (USD Million), 2016-2020
9.    Global Epoxy Resin Market Forecast: Breakup by End Use (USD Million), 2021-2026
10.    Global Epoxy Resin Historical Market: Breakup by Region (USD Million), 2016-2020
11.    Global Epoxy Resin Market Forecast: Breakup by Region (USD Million), 2021-2026
12.    North America Epoxy Resin Historical Market: Breakup by Country (USD Million), 2016-2020
13.    North America Epoxy Resin Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Europe Epoxy Resin Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Europe Epoxy Resin Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Asia Pacific Epoxy Resin Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Asia Pacific Epoxy Resin Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Latin America Epoxy Resin Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Latin America Epoxy Resin Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Middle East and Africa Epoxy Resin Historical Market: Breakup by Country (USD Million), 2016-2020
21.    Middle East and Africa Epoxy Resin Market Forecast: Breakup by Country (USD Million), 2021-2026
22.    Major Exporting Countries by Value
23.    Major Importing Countries by Value
24.    Major Exporting Countries by Volume
25.    Major Importing Countries by Volume
26.    Global Epoxy Resin Market Structure

Key Questions Answered in the Report

In 2020, the global epoxy resin market attained a value of nearly USD 6 billion.

The market is projected to grow at a CAGR of 6.1% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 8.7 billion by 2026.

The market is being aided by the thriving construction sector and the rising demand for canned packaging of food and beverages products.

The industry is expected to be driven by the use of epoxy resin in the automotive industry, rising demand for epoxy resin in the aviation industry, and the increasing researches for the development of bio-based epoxy resin.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major forms of epoxy resin are solid, liquid, and solution.

The different types of epoxy resin in the industry are DGBEA (bisphenol A and ECH), DGBEF (Bisphenol F and ECH), novolac (formaldehyde and phenols), aliphatic (aliphatic alcohols), and glycidylamine (aromatic amines and ECH), among others.

The significant applications in the market are paints and coatings, adhesives and sealants, composites, and electronic encapsulation, among others.

The different end uses of epoxy resin are building and construction, transportation, general industrial, consumer goods, wind energy, aerospace, and marine.

The major players in the industry are BASF SE, Kukdo Chemical Co. Ltd., Jiangsu Sanmu Group Co., Ltd., Hexion Inc., Aditya Birla Chemicals, and Chang Chun Group, among others.

Analyst Review

The global epoxy resin market attained a value of about USD 6 billion in 2020, driven by the rising use of epoxy resin in food and beverage packaging. Aided by the growing use of epoxy resins in the automotive sector, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 6.1%. The market is projected to reach approximately USD 8.7 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of form, the market is divided into solid, liquid, and solution. Based on its types, the epoxy resin industry can be segmented into DGBEA (bisphenol A and ECH), DGBEF (Bisphenol F and ECH), novolac (formaldehyde and phenols), aliphatic (aliphatic alcohols), and glycidylamine (aromatic amines and ECH), among others. On the basis of applications, the industry is divided into paints and coatings, adhesives and sealants, composites, and electronic encapsulation, among others. By end uses, the market is classified into building and construction, transportation, general industrial, consumer goods, wind energy, aerospace, and marine. The major regional markets for epoxy resin are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include BASF SE, Kukdo Chemical Co. Ltd., Jiangsu Sanmu Group Co., Ltd., Hexion Inc., Aditya Birla Chemicals, and Chang Chun Group, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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