Global epoxy resin market is expected to reach USD 11.22 Billion by 2021, growing at a CAGR of 6.9% between 2016 and 2021.
The report covers forecast and analysis for the epoxy resin market on a global and regional level. Epoxy resin is the thermosetting synthetic polymer having properties such as adhesive strength, luster, and hardness. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on both revenue (USD Billion) and volume (Kilo tons). The study includes drivers and restraints for the epoxy resin market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the epoxy resin market on a global level.
In order to give the users of this report a comprehensive view on the epoxy resin market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the epoxy resin market has also been included. The study encompasses a market attractiveness analysis, wherein applications segments are benchmarked based on their market growth rate, size, and general attractiveness.
The study provides a decisive view on the epoxy resin market by segmenting the market based on applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2021. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global epoxy resin market. Key players in the market include Huntsman Corporation, Dow Chemical Company, Momentive Specialty Chemicals Inc., Nan Ya Plastic Corporation, Sika AG, Kukdo Chemical Co. Ltd., Ashland Inc., Cytec, NAMA Chemicals, 3M Company, Du Pont, BASF SE, Baling Petrochemical and Spol Chemie.
Global Epoxy Resin Market: Application Analysis
Global Epoxy Resin Market: Regional Segment Analysis
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Epoxy Resin Market – Global Industry Analysis
Chapter 4 Global Epoxy Resin Market – Competitive Landscape
Chapter 5 Global Epoxy Resin Market – Application Segment Analysis
Chapter 6 Global Epoxy Resin Market – Regional Segment Analysis
Chapter 7 Company Profile
This report is based on in-depth qualitative and quantitative analyses of the global Epoxy Resin market. Zion Research has collected and analyzed key data belong to the global Epoxy Resin market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Epoxy Resin across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Epoxy Resin industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Epoxy Resin market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Epoxy resins are thermosetting polymers and are available in liquid, solution, and solid form. Epoxy resins are classified on the basis of physical phase as solid and liquid epoxy resins. Solid epoxy resins are nonhazardous material but liquid epoxy resins are classified as hazardous material. Epoxy resins are used as binders in cement and mortars, general purpose adhesives, industrial coatings, rigid foams, non-skid coatings, solidifying sandy surfaces in oil drilling, potting and encapsulating media. Epoxy resins are well known for its curable nature. The majority of epoxy resins are derived from petroleum.
On the basis of application epoxy resins segmented as paints & coatings, electrical & electronics, construction, wind turbine, composites, adhesive and others. Among all, paints & coatings accounted around 42% of the global epoxy resin market. Construction industry accounted for the third-largest share of the epoxy resin market in 2015 and is expected to grow during the forecast period because of, epoxy resin properties such as adhesive strength, luster, and hardness. Demand for epoxy resins in the automobile industry is expected to grow on account of heat resistance property of epoxy resin.
Asia Pacific was the dominant regional segment of the epoxy resin market in 2015. It accounted more than 63% of the global epoxy resin market in 2015.This trend is continued during the forecast period 2016 to 2021. Increasing automotive demand coupled with rapid infrastructure development is expected to grow the regional demand for epoxy resin during the forecast period. Germany is the main epoxy resin market in Europe. Germany accounted for about 30% market share of the total Europe demand in 2015 and is expected to grow with the highest rate in Europe. There will be boomed of epoxy resin market in Europe due to increasing demand in the aerospace industry. The increasing use of wind turbines for power generation is driving force for epoxy resin in North America and is expected to grow with moderate rate during the forecast period.
High growth in end user industries is the main driver for epoxy resin market. Besides that availability of phenolic resins and polyurethane as alternatives in various applications as well as fluctuations in raw material prices is expected to restrict market growth.
Key players in the market include Huntsman Corporation, Dow Chemical Company, Momentive Specialty Chemicals Inc., Nan Ya Plastic Corporation, Sika AG, Kukdo Chemical Co. Ltd., Ashland Inc., Cytec, NAMA Chemicals, 3M Company, Du Pont, BASF SE, Baling Petrochemical and Spol Chemie.