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Published Date: 2014-07-21Number of Pages: 84

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

Global Epoxy Resins Market: Snapshot 

Epoxide resins, which constitute the epoxide functional group, are thermosetting polymers that are gaining popularity in the manufacturing sector due to their superior physical properties. The global epoxy resins market has benefited from the diversity of end use sectors, as steady technological progression and the need for consistent development in hardware to accompany it has made epoxy resins a vital material in the current technological scenario. The rising demand from industries such as electrical and electronics, fiber reinforced plastics, and metal coatings is likely to enable steady growth of the global epoxy resins market in the coming years.

The global epoxy resins market is expected to reach a valuation of US$10.5 bn by 2020. 

Demand for Epoxy Resins Driven by Growth of Construction, Aviation Industries 

The booming global construction industry is indirectly a prime driver for the global epoxy resins market, as the demand for epoxy resins from the paints and coatings industry is rising steadily. Epoxy resins impart stability to paint and coating formulations and are thus likely to be in demand in the coming years. The construction industry has recovered smoothly from the 2008-09 crash and is set for resurgent growth in the coming years, particularly in developing regions such as Asia Pacific and Latin America. This will remain an important driver for the global epoxy resins market. 

The global epoxy resins market has also benefited from the steady growth in the use of epoxy resins in the aviation sector. Epoxy resins provide enhanced mechanical strength and high resistance to temperature extremes. The reduction in weight enabled by the use of epoxy resins is also much sought after in the aerospace industry, since it results in a significant decline in expenditure on fuel. As a result, the epoxy resins market is likely to receive steady demand from the aviation and aerospace sector in the coming years. The rising entry of private companies in the space exploration and aviation sector is also likely to have a crucial impact on the development trajectory of the epoxy resins market. 

China to Retain Dominance in Global Epoxy Resins Market, North America to Follow

The global epoxy resins market is segmented geographically into North America, Europe, China, Rest of Asia Pacific, and Rest of the World. China accounts for more than 40% of the global epoxy resins market and is likely to extend its dominance in the market in the coming years due to the rising number of companies shifting their manufacturing base there. The strong performance of the construction industry in China, which has benefited from the rising disposable income of urban Chinese consumers, is likely to remain a key driver for the global epoxy resins market. 

The rapid development of the aerospace sector in North America is likely to ensure a steady share for North America in the global epoxy resins market in the coming years. The solid government support to research in aviation has been the key for the sector in North America, while the widening private investment channels are likely to further boost the epoxy resins market’s growth prospects. 

Leading companies in the global epoxy resins market include Kukdo Chemicals Ltd., DuPont, Huntsman Corporation, NAMA Chemicals, BASF SE, The Dow Chemical Company, and 3M Company. The global epoxy resin market is reasonably concentrated in the hands of a leading hierarchy and is likely to remain that way in the coming years. 

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


 
 
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