HBPA Epoxy Resin Market Size, Share, Growth Report 2032

Global HBPA Epoxy Resin Market: Size

The global HBPA Epoxy Resin market, which was estimated at about 1.8 (USD Billion) in 2019 and is predicted to accrue earnings worth 2.4 (USD Billion) by 2025, is set to record a CAGR of nearly over 5.5% during 2019-2025. The report offers valuation and analysis of HBPA Epoxy Resin market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).

HBPA Epoxy Resin Market: Overview

According to NCBI, epoxy resins were introduced nearly a decade ago. These compounds find myriad applications as protective surface coatings as well as adhesives in commercial sector. Additionally, an epoxy resin system is a blend of epoxy monomers, reactive diluents, and hardeners along with a spectrum of additives. Apparently, Hydrogenated Bisphenol A epoxy resin is a kind of chemical compound utilized in forming of unsaturated polyester. Epoxy resin, and alkyd for enhancing the color stability in these products.

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HBPA Epoxy Resin Market: Growth Drivers

Escalating demand for HBPA epoxy resin in power generating sector and large-scale utilization of the product in E&E coatings is predicted to expedite the growth of HBPA epoxy resin industry over the forecast period. With rapidly expanding industrial and commercial sectors, the market for HBPA epoxy resin is likely to garner huge gains in the years ahead. In addition to this, massive necessity for offering floor concrete protection during building construction will further enlarge the size of HBPA epoxy resin market over the years to come. Nonetheless, fluctuations in the raw material costs will create hurdles in the growth of HBPA epoxy resin market over the forthcoming years.

Furthermore, with paints & coatings market growing leaps & bounds, the demand for HBPA epoxy resins is likely to reach scalable heights in the near future. The product is also utilized in electric sector due to its high resistance features to UV light & moisture as well as resistance to high heat deflection. In addition to this, huge impact resistance and dimensional stability offered by the product at extreme temperatures will open new vistas of growth for HBPA epoxy resin market in the coming decade.

Asia Pacific To Gain Number Uno Position In Market By 2025

The expansion of HBPA epoxy resin industry in Asia Pacific zone over 2019-2025 is due to massive demand for HBPA epoxy resins in paints & coatings, electric, and construction industries in the sub-continent. For the record, in 2019, the Chinese government approved nearly 26 infrastructure ventures worth nearly USD 143 billion and these are projected to be completed by end of 2025.  In addition to this, massive demand for dispersing agents is projected to create notable product penetration in Japan, China, and India.

Key participants profiled in the report include Atul Chemicals, Huntsman Corporation, Hexion, SIR Industriale, Aditya Birla Chemicals, Kukdo Chemicals, New Japan Chemical Company, Emerald Performance Material, Anhui Xinyuan Chemical Company, and Nagase America Corporation.

The global HBPA epoxy resin market is segmented as follows:

By physical form

• Liquid
• Solid

By application

• E&E Coating
• Industrial Coating
• Others (adhesives, sealants, and composites)

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa