The global demand for epoxy resins is fueled by rapidly expanding wind energy capacity installation owing to the shift towards the development of renewable energy.
New York, NY -- (SBWIRE) -- 05/06/2021 -- The global Epoxy Resins Market is forecast to reach USD 11.86 Billion by 2027, according to a new report by Reports and Data. Epoxy resin is a molecule that contains more than one epoxide group.
Epoxy resins are thermosetting polymers and are used as high-performance coatings, adhesives, and potting and encapsulating materials. They also have excellent electrical properties, low shrinkage, and good adhesion to many metals and are resistant to moisture, thermal, and mechanical shock. Viscosity, epoxide equivalent weight, and molecular weight are the important properties of epoxy resins.
Increasing demand for the resin in paints and coatings industry owing to the positive growth of automotive and construction globally has driven the epoxy resins market. Growth in end-use industries such as marine coatings, aerospace, transportation, decorative powder coatings, electrical & electronic laminates, and composites, are affecting the market positively. An increase in research and development by key participants, along with technology innovation in the field of modified resins, are expected to provide ample opportunities for growth of epoxy resins.
The growth in the infrastructure in the U.S. has driven the market for epoxy resin in the region. The steady growth of the commercial sector, majorly office space construction, is expected to have a positive impact on the market demand.
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Epoxy resin is among the commonly used thermosetting polymer in aircraft structures. It is used as the matrix phase in carbon-fiber composites for aircraft structures and is also used as an adhesive in aircraft structural repairs and joints.
The reactivity of the epoxy resins allows them to bond easily with fibers and their toughness. This thermoset resins, when combined with carbon, glass, or aramid fibers, produce composite materials with the best properties of most thermosets.
Diglycidil Ether of Bisphenol-A is an organic compound used as a constituent of epoxy resins. This compound is a colorless solid that melts slightly above room temperature. This type of epoxy resin has gained much attention as a potential endocrine disruptor. It also has antiandrogen and PPAR?-modulating properties.
Solid epoxy resin is mainly used in paints and coatings, or as a modifier for other epoxy resins to enhance impact strength, adhesion, and extensibility.
Usage of epoxy resins in adhesives is one of its most common application. The strong-properties of the epoxy allow for engineering and structural adhesives. Generally, it is used in the construction of aircraft, snowboards, vehicles, and bicycles.
Asia Pacific dominated the market for epoxy resins. The demand for the market is high in the region because of the increase in the number of consumers. The major end-user of the product in the region is the paints and coatings industry. The presence of big companies such as AkzoNobel, Asian Paints, Nippon Paints, Kansai Paints, and PPG is driving the market for epoxy resins in the region.
Key participants include Olin Corporation, Hexion Inc., Huntsman Corporation, BASF SE, 3M Company, Aditya Birla Chemicals, Sinopec Corporation, Covestro AG, Solvay SA, and Evonik Industries AG, among others.
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For the purpose of this report, Reports and Data have segmented into the global Epoxy Resins market on the basis of type, form, applications, end-users, and region:
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Form Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Solid Epoxy Resin
Liquid Epoxy Resin
Solution Epoxy Resin
Applications Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Adhesive and Sealants
Paints and Coatings
End Users Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Building and Construction
Regional Outlook (Revenue in USD Billion; 2017–2027)
Middle East & Africa
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Epoxy Resins Market Segmentation & Impact Analysis
4.1. Epoxy Resins Market Material Segmentation Analysis
4.2. Industrial Outlook
Chapter 10. Competitive Landscape
10.1. Market Revenue Share By Manufacturers
10.2. Manufacturing Cost Breakdown Analysis
10.3. Mergers & Acquisitions
10.4. Market positioning
10.5. Strategy Benchmarking
10.6. Vendor Landscape
Chapter 11. Company Profiles
11.1. Olin Corporation
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Technology Insights
11.1.4. Strategic Initiatives
11.2. Hexion Inc.
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Technology Insights
11.2.4. Strategic Initiatives
11.3. Huntsman Corporation
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Technology Insights
11.3.4. Strategic Initiatives
11.4. BASF SE
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Technology Insights
11.4.4. Strategic Initiatives
11.5. 3M Company
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Technology Insights
11.5.4. Strategic Initiatives
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The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter's Five Forces analysis to offer a better understanding of the Epoxy Resins market and its competitive landscape.
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