Market Research Reports

Epoxy Resins Market for Paints & Coatings, Wind Energy, Composites, Construction, Electrical & Electronics, Adhesives and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

84pages
Published Date: 2014-07-21
 

Description


Epoxy resins are thermosetting polymers that contain epoxides of the basic functional group. Basic raw materials required for the production of epoxy resins include bisphenol A (BPA), epichlorohydrin, phenols, aromatic amines and aliphatic alcohols. This report comprises an executive summary, which includes a market snapshot that provides overall information of the various application segments. It also analyzes the global epoxy resins market with respect to regions and application segments. Rising demand from paints & coatings and electrical & electronics applications is the major driving factor for growth of the epoxy resins market. High demand for raw materials from other applications such as polycarbonate is expected to hamper market growth. Furthermore, volatility in prices of raw materials negatively affects market growth. 

The report covers analysis and forecast for the global epoxy resins market in terms of volume (kilo tons) and revenue (USD million) from 2013 to 2020. The epoxy resins market is segmented based on applications by analyzing current and future trends of the market. In terms of application, the market has been segmented into paints & coatings, wind energy, composites, construction, electrical & electronics, adhesives and others. Other applications include plastic necklaces, vinyl gloves, metal protection, handbags, eyeglasses, plastic & industrial tooling. The application segments are forecasted from 2014 to 2020. 

The report includes regional segmentation with estimates and forecasts for North America, Europe, China, Rest of Asia Pacific and Rest of the World. Each region is further analyzed based on each application segment. The market size and forecast for each region has been provided for the period from 2013 to 2020 along with the CAGR (%) for the forecast period from 2014 to 2020.

The report also comprises a detailed value chain analysis that offers a comprehensive view of value addition at each stage of the value chain. The study includes Porter’s Five Forces model, which analyzes existing competition, bargaining power of suppliers, bargaining power of buyers, threat from substitutes and threat from new entrants. The report also includes drivers and restraints affecting growth of the epoxy resins market and their impact on the market in the near future. Additionally, it provides opportunities for the epoxy resins market during the forecast period on the global level. Furthermore, the report includes the market share of major companies in the global epoxy resins market. 
Companies’ market share has been evaluated based on their production capacities in 2013. The report also provides market attractiveness of the applications included in the scope of the study. Market attractiveness of applications has been calculated based on market size, growth rate, profit margin, raw materials and competition in the global epoxy resins market. 

The report comprises company profiles of major players in the market. Company profiles cover company overview, product portfolio, financial overview, business strategies, SWOT analysis and recent developments. Major players analyzed in the report include Celanese Corporation, the Dow Chemical Company, Huntsman Corporation, Nan Ya Plastics Corp., Kukdo Chemicals Co. Ltd., Momentive Specialty Chemicals, Nama Chemicals, BASF SE, DuPont, 3M Company and Aditya Birla Chemicals. 

In-depth interviews and discussions with a wide range of key industry participants and opinion leaders were conducted to compile this research report. Primary research represents bulk of our research efforts, supplemented by an extensive secondary research. Key players’ product literature, annual reports, press releases and relevant documents were reviewed for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. Secondary research sources typically referred to include company websites, financial reports, investor presentations, annual reports, news articles, press releases, national government documents, statistical databases and internal & external propriety databases.

The report segments the global epoxy resins market as follows:
  • Epoxy Resins Market - Application Analysis
    • Paints & coatings
    • Wind energy
    • Composites
    • Construction
    • Electrical & electronics
    • Adhesives
    • Others (vinyl gloves, metal protection, handbags, eyeglasses and plastic tooling)
  • Epoxy Resins Market - Regional Analysis
    • North America
    • Europe
    • China
    • Rest of Asia Pacific
    • Rest of the World

Table of Contents



Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
      1.2.1 Global epoxy resins market segmentation, by application and region
1.3 Research scope
      1.3.1 Assumptions
1.4 Research methodology

Chapter 2 Executive Summary
2.1 Global epoxy resins market, 2013 – 2020 (Kilo Tons) (USD Million)

Chapter 3 Epoxy Resins – Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market Drivers
      3.3.1 Global demand for paints & coatings augments the growth of the epoxy resins market
               3.3.1.1 Global paints & coatings market revenue, 2013 - 2020 (USD Billion)
      3.3.2 Growing demand for epoxy resin-based composites in aerospace industry and wind energy
               3.3.2.1 Raw materials used in aircraft manufacturing
               3.3.2.2 Global general aviation composite structures volume, 2013 - 2020 (Metric Tons)
               3.3.2.3 Global wind turbine market revenue, 2013 - 2020 (USD Billion)
3.4 Restraints
      3.4.1 High demand of raw materials from other applications and fluctuations in prices of raw materials inhibit epoxy resin market growth
               3.4.1.1 Global bisphenol A consumption, by application, 2013
               3.4.1.2 Bisphenol A price trends, 2011 – 2013 (USD/Ton)
               3.4.1.3 Epichlorohydrin price trends, 2011 - 2013 (USD/Ton)
3.5 Opportunities
      3.5.1 Shift towards bio-based epoxy resins in the upcoming years
3.6 Porter’s Five Forces analysis
      3.6.1 Bargaining power of suppliers
      3.6.2 Bargaining power of buyers
      3.6.3 Threat of new entrants
      3.6.4 Threat from substitutes
      3.6.5 Degree of competition
3.7 Company market share analysis
      3.7.1 Epoxy resins market: Company market share analysis, 2013
3.8 Market Attractiveness
      3.8.1 Epoxy resins market: Market attractiveness analysis, by application

Chapter 4 Epoxy Resins market -  Application Analysis
4.1 Global epoxy resins market: Application overview
      4.1.1 Global epoxy resins market revenue share, by application, 2013 & 2020
4.2 Paints & coatings
      4.2.1 Global epoxy resins market for paints & coatings application, 2013 - 2020, (Kilo Tons) (USD Million)
4.3 Wind energy
      4.3.1 Global epoxy resins market for wind energy application, 2013 - 2020, (Kilo Tons) (USD Million)
4.4 Composites
      4.4.1 Global epoxy resins market for composites application, 2013 - 2020, (Kilo Tons) (USD Million)
4.5 Construction
      4.5.1 Global epoxy resins market for construction application, 2013 - 2020, (Kilo Tons) (USD Million)
4.6 Electrical & electronics
      4.6.1 Global epoxy resins market for electrical & electronics application, 2013 - 2020, (Kilo Tons) (USD Million)
4.7 Adhesives
      4.7.1 Global epoxy resins market for adhesives application, 2013 - 2020, (Kilo Tons) (USD Million)
4.8 Others (Vinyl gloves, metal protection, handbags, eye glasses, plastic tooling)
      4.8.1 Global epoxy resins market for other applications, 2013 - 2020, (Kilo Tons) (USD Million)

Chapter 5 Epoxy Resins Market - Regional Analysis
5.1 Global epoxy resins market: Regional overview
      5.1.1 Global epoxy resins market share, by region, 2013 & 2020
5.2 North America
      5.2.1 North America epoxy resins market volume, by application, 2013 - 2020 (Kilo Tons)
      5.2.2 North America epoxy resins market revenue, by application, 2013 - 2020 (USD Million)
5.3 Europe
      5.3.1 Europe epoxy resins market volume, by application, 2013 - 2020 (Kilo Tons)
      5.3.2 Europe epoxy resins market revenue, by application, 2013 - 2020 (USD Million)
5.4 China
      5.4.1 China epoxy resins market volume, by application, 2013 - 2020 (Kilo Tons)
      5.4.2 China epoxy resins market revenue, by application, 2013 - 2020 (USD Million)
5.5 Rest of Asia Pacific
      5.5.1 Rest of Asia Pacific epoxy resins market volume, by application, 2013 - 2020 (Kilo Tons)
      5.5.2 Rest of Asia Pacific epoxy resins market revenue, by application, 2013 - 2020 (USD Million)
5.6 Rest of the World (RoW)
      5.6.1 Rest of the World epoxy resins market volume, by application, 2013 - 2020 (Kilo Tons)
      5.6.2 Rest of the World epoxy resins market revenue, by application, 2013 - 2020 (USD Million)

Chapter 6 Company Profiles
6.1 BASF SE
      6.1.1 Company overview
      6.1.2 Product portfolio
      6.1.3 Financial overview
      6.1.4 Business strategies
      6.1.5 SWOT analysis
      6.1.6 Recent developments
6.2 Huntsman Corporation
      6.2.1 Company overview
      6.2.2 Product portfolio
      6.2.3 Financial overview
      6.2.4 Business strategy
      6.2.5 SWOT analysis
      6.2.6 Recent developments
6.3 The Dow Chemical Company
      6.3.1 Company overview
      6.3.2 Product portfolio
      6.3.3 Financial overview
      6.3.4 Business strategies
      6.3.5 SWOT analysis
      6.3.6 Recent developments
6.4 3M Company
      6.4.1 Company overview
      6.4.2 Product portfolio
      6.4.3 Financial overview
      6.4.4 Business strategy
      6.4.5 SWOT analysis
6.5 DuPont
      6.5.1 Company overview
      6.5.2 Financial overview
      6.5.3 Business strategy
      6.5.4 SWOT analysis
6.6 Aditya Birla Chemicals Ltd (Thailand)
      6.6.1 Company overview
      6.6.2 Business strategy
      6.6.3 SWOT analysis
      6.6.4 Recent developments
6.7 Momentive Specialty Chemicals Inc.
      6.7.1 Company overview
      6.7.2 Financial overview
      6.7.3 Business strategy
      6.7.4 SWOT analysis
      6.7.5 Recent developments
6.8 Nan Ya Plastics Corporation
      6.8.1 Company overview
      6.8.2 Financial overview
      6.8.3 Business strategy
      6.8.4 SWOT analysis
6.9 Kukdo Chemical Ltd.
      6.9.1 Company overview
      6.9.3 Business strategy
      6.9.4 SWOT analysis
6.10 NAMA Chemicals
      6.10.1 Company overview
      6.10.2 Financial overview
      6.10.3 Business strategy
      6.10.4 SWOT analysis
      6.10.5 Recent developments

List of Figures 

FIG. 1 Global epoxy resins market segmentation, by application and by region
FIG. 2 Global epoxy resins market, 2013 – 2020 (Kilo Tons) (USD Million)
FIG. 3 Epoxy resins Market: Value chain analysis
FIG. 4 Global paints & coatings market revenue, 2013 - 2020 (USD Billion)
FIG. 5 Raw materials used in aircraft manufacture
FIG. 6 Global general aviation composite structures volume, 2012 - 2020 (Metric Tons)
FIG. 7 Global wind turbine market revenue, 2013 -  2020 (USD Billion)
FIG. 8 Global bisphenol A consumption by application, 2013
FIG. 9 Bisphenol A price trends, (2011 – 2013) (USD/Ton)
FIG. 10 Epichlorohydrin price trends, (2011 – 2013) (USD/Ton)
FIG. 11 Porter’s five forces analysis
FIG. 12 Epoxy resins market: Company market share analysis, 2013
FIG. 13 Epoxy resins market: Market attractiveness analysis, by application
FIG. 14 Global epoxy resins market share, by application, 2013 & 2020
FIG. 15 Global epoxy resins market for paints & coatings application, 2013 - 2020, (Kilo Tons) (USD Million)
FIG. 16 Global epoxy resins market for wind energy application, 2013 - 2020, (Kilo Tons) (USD Million)
FIG. 17 Global epoxy resins market for composites application, 2013 - 2020, (Kilo Tons) (USD Million)
FIG. 18 Global epoxy resins market for construction application, 2013 - 2020, (Kilo Tons) (USD Million)
FIG. 19 Global epoxy resins market for electrical & electronics application, 2013 - 2020, (Kilo Tons) (USD Million)
FIG. 20 Global epoxy resins market for adhesives application, 2013 - 2020, (Kilo Tons) (USD Million)
FIG. 21 Global epoxy resins market for other applications, 2013 - 2020, (Kilo Tons) (USD Million)
FIG. 22 Global epoxy resins market share, by region, 2013 & 2020

List of Tables

TABLE 1 Global epoxy resins market snapshot
TABLE 2 Drivers for the epoxy resins market: Impact analysis
TABLE 3 Restraints for epoxy resin market: Impact analysis
TABLE 4 North America epoxy resins market volume, by application, 2013 - 2020 (Kilo Tons)
TABLE 5 North America epoxy resins market revenue, by application, 2013 - 2020 (USD Million)
TABLE 6 Europe epoxy resins market volume, by application, 2013 - 2020 (Kilo Tons)
TABLE 7 Europe epoxy resins market revenue, by application, 2013 - 2020 (USD Million)
TABLE 8 China epoxy resins market volume, by application, 2013 - 2020 (Kilo Tons)
TABLE 9 China epoxy resins market revenue, by application, 2013 - 2020 (USD Million)
TABLE 10 Rest of Asia Pacific epoxy resins market volume, by application, 2013 - 2020 (Kilo Tons)
TABLE 11 Rest of Asia Pacific epoxy resins market revenue, by application, 2013 - 2020 (USD Million)
TABLE 12 Rest of the World epoxy resins market volume, by application, 2013 - 2020 (Kilo Tons)
TABLE 13 Rest of the World epoxy resins market revenue, by application, 2013 - 2020 (USD Million)

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Free Market Analysis


Epoxy resins are thermosetting polymers of the epoxide functional group. The curing process is carried out by curing agents, heat or ultraviolet light. In terms of application, the epoxy resins market can be segmented into paints & coatings, wind energy, composites, construction, electrical & electronics, adhesives and others. The market has been analyzed on the global as well as regional level. Regionally, the market has been segmented into North America, Europe, China, Rest of Asia Pacific and Rest of the World. 

The rising demand for epoxy resins from the paints & coatings industry is anticipated to boost the global epoxy resins market. Building & construction applications have been driving the market for paints & coatings in Asia Pacific. Increasing demand for epoxy resins-based composites from aerospace and wind energy industries is further boosting the global epoxy resins market. However, high demand for raw materials such as bisphenol A from other applications is expected to hamper market growth. Furthermore, volatility in prices of raw materials is likely to act as a major restraining factor for the epoxy resins market. Shift towards bio-based epoxy resins is estimated to offer higher opportunities for players in the market in the next few years.

In terms of volume and revenue, paints & coatings application emerged as the largest application segment for the global epoxy resins market in 2013. This segment accounted for over 42% of the epoxy resins market in 2013 and is projected to remain the largest application in the near future. Rising global demand for paints and coatings with enhanced properties is expected to drive the paints and coatings application. Major end-user industries for paints & coatings application segment include automotive, building & construction and marine. In 2013, electrical & electronics application emerged as the second-largest and is expected to be fastest growing segment during the forecast period. 

Printed circuit boards constitute the largest portion of the electrical & electronics application segment. Epoxy resins are used in the manufacture of electrical laminates for insulators, motors, generators and switchgears. Usage of epoxy resins-based composites in aerospace reduces the weight of an aircraft. This, in turn, lowers CO2 emissions through decrease in fuel consumption. Under wind energy application, epoxy resins are used in designing aerodynamically efficient blades to improve the efficiency of electricity generation. Demand for epoxy resins in composites and wind energy application is driven by governmental regulations regarding CO2 emissions. 

In 2013, China dominated the global epoxy resins market in terms of volume and revenue with over 45% of the market share in 2013. Demand for epoxy resins from paints & coatings and electrical & electronics applications was high in China. Demand for epoxy resins in China region is expected grow at higher pace in the next few years. Major electronics manufacturing companies from Japan are shifting their plants to China due to low production cost and abundant availability of raw materials in the country. Demand for epoxy resins in North America is anticipated to experience moderate growth rate. The aerospace industry accounts for majority of demand for epoxy resins in the region. Epoxy resins-based composites are used in the manufacture of aircraft structures such as airframes. These help reduce the overall weight and improve fuel efficiency of the aircraft. Demand for epoxy resins in Europe is expected to increase at a moderate growth rate in the next few years as compared to other regions. 

The global epoxy resins market is concentrated, with the top five players dominating the global market. Some multinational companies exhibit high degree of forward integration and develop application-specific epoxy resins products. Key players in the market include the Dow Chemical Company, Nan Ya Plastic Corporation, Momentive Specialty Chemicals Inc., Kukdo Chemical Co. Ltd., Huntsman Corporation, NAMA Chemicals, 3M Company, Du Pont, BASF SE and Ashland Inc.

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