Epoxy Resins Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Epoxy resins comprises of four ingredients that are the monomeric resin, a hardener, an accelerator and a plasticizer. Manufacturers generally provide a standard formulation, however the hardness and flexibility of the polymerized block can be manipulated by varying the amount of the individual components. Epoxy resins are used in the manufacture of coatings, plastics, paints, adhesives, primers and sealers, flooring and other products and materials that are used in building and construction applications.

MARKET SCOPE

The "Global Epoxy Resins Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the epoxy resins market with detailed market segmentation by form, application, end user industry, and geography. The report provides key statistics on the market status of the leading epoxy resins market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

- Based on form, the global epoxy resins market is segmented into solid, liquid, solution.
- Based on application, the global epoxy resins market is segmented into paints and coatings, adhesives and sealants, composites, others.
- Based on end user industry, the global epoxy resins market is segmented into building and construction, consumer goods, aerospace, marine, and others.

MARKET DYNAMICS

Drivers:

- Increase in demand from end-use industries and surge in need for lightweight composites in aerospace and wind turbine applications.
- Increase in demand for solution-based epoxy resin systems in electrical & electronic applications.
- Increase in acceptance of this resin in the wind power industry.
- Rising R&D activities drive the epoxy resins market.

Restraints:

- Thermoset resins cannot be recycled and are not biodegradable.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The epoxy resins market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the epoxy resins market in these regions.

IMPACT OF COVID-19 ON EPOXY RESINS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.

MARKET PLAYERS

The report covers key developments in the epoxy resins market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from epoxy resins market are anticipated to lucrative growth opportunities in the future with the rising demand for epoxy resins in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the epoxy resins market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

- BASF SE
- Atul Ltd.
- Dow Chemical Company
- Hexion Inc.
- Huntsman Corporation
- Kukdo Chemicals Co. Ltd.
- Nan Ya Plastics Corporation
- Olin Corporation
- Solvay SA
- Techstorm Advanced Materials

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Epoxy Resins Report Scope