Epoxy Resin Market

Epoxy Resin Market by Physical Form (Liquids, Solids, Solutions), Raw Materials (Badge, Bfdge, Novolac, Aliphatic, Glycidyl Amine), Application (Paints & Coatings, Adhesives & Sealants, Composites), End-Use Industry, and Region - Global Forecast to 2028

Report Code: CH 1218 Jul, 2023, by marketsandmarkets.com

Epoxy Resin Market

The global epoxy resin market size was valued at USD 12.9 billion in 2023 and is projected to reach USD 17.0 billion by 2028, growing at 5.5% cagr during the forecast period. Increasing demand for epoxy resins from various end-use segments, stringent regulatory & sustainability mandates, and growing concerns for the environment are driving the market for epoxy resins.

Attractive Opportunities in the Epoxy Resin Market

Epoxy Resin Market

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Epoxy Resin Market

Epoxy Resin Market Dynamics

Driver: Technological advancements in epoxy resin market

Technological advancements in epoxy resin formulations have led to the development of resins with enhanced properties, such as higher mechanical strength, improved chemical resistance, and better thermal stability. These advancements allow epoxy resins to meet the evolving requirements of industries such as aerospace, automotive, and electronics. The development of new curing technologies, including faster and more efficient curing agents, has improved the processing and productivity of epoxy resin-based products. Reduced curing times and improved curing characteristics have expanded the application possibilities of epoxy resins in time-sensitive industries.

Restraint: Volatility in raw material prices

Epoxy resin production is dependent on the availability and cost of raw materials, such as bisphenol A (BPA), epichlorohydrin, and various curing agents. Fluctuations in the prices of these raw materials can impact the profitability of epoxy resin manufacturers and increase the overall production costs. Market volatility and supply chain disruptions can lead to price fluctuations, making it challenging for manufacturers to stabilize their pricing strategies.

Opportunity: Growing demand from emerging economies

Emerging economies, particularly in Asia-Pacific, Latin America, and Africa, are witnessing rapid industrialization, urbanization, and infrastructure development. These regions offer significant growth opportunities for the epoxy resin market as industries such as construction, automotive, electronics, and consumer goods continue to expand. The rising middle-class population and increasing disposable incomes in these regions contribute to the demand for epoxy resin-based products.

Challenge: Competiting substitute materials

Epoxy resins face competition from alternative materials, including polyurethane, polyester, vinyl ester, and phenolic resins. These materials may offer similar or specific advantages for certain applications, such as better flexibility, lower cost, or higher temperature resistance. The availability and cost-effectiveness of substitute materials can impact the demand for epoxy resins, requiring manufacturers to differentiate their products and demonstrate unique advantages.

Epoxy Resin Market Ecosystem

Epoxy Resin Market Ecosystem

Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis

"Paints & Coatings is the largest and second fastest growing application for epoxy resin market, in terms of value."

Epoxy resin is widely used in the formulation of paints and coatings due to its excellent adhesion, durability, chemical resistance, and mechanical properties. Epoxy resin-based coatings are commonly used as protective coatings in various industries. They provide a protective barrier against corrosion, abrasion, chemicals, and weathering. Epoxy coatings are often used on metal substrates, such as steel structures, pipelines, storage tanks, and bridges, to extend their lifespan and prevent degradation. They are also used as a coating or finish in consumer goods to enhance their appearance, durability, and protection. It provides a glossy, smooth, and resistant surface, which is desirable for applications like flooring, furniture, countertops, and decorative items.

"Building & Construction captures the largest share by end-use industry in epoxy resin market in 2022, in terms of value."

Epoxy resin coatings are commonly applied to concrete surfaces to enhance their durability, strength, and aesthetics. Epoxy-based concrete coatings are used in applications such as garage floors, industrial floors, parking decks, and sidewalks. They provide a protective layer that resists chemicals, stains, abrasion, and moisture. Epoxy resin is extensively used as an adhesive in the construction industry. It provides strong bonding capabilities, allowing it to join various materials such as concrete, metal, wood, stone, and composites. Epoxy adhesives are used for structural bonding, anchoring, and repairs in applications such as concrete bonding, panel installation, and composite bonding.

“Asia Pacific was the largest market for epoxy resin in 2022, in terms of value."

Several countries in the Asia Pacific region play a vital role in the epoxy resin market. China is the largest consumer and producer of epoxy resin in the region, contributing significantly to market growth. Other important markets include Japan, South Korea, India, and Southeast Asian countries like Thailand, Indonesia, and Vietnam. Rapid infrastructure development in countries like China and India has a significant impact on the epoxy resin industry. Epoxy resin is widely used in construction for applications such as coatings, adhesives, flooring, and composites.

Epoxy Resin Market by Region

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Epoxy Resin Market Industry Players

The key players in this market are Sinopec Corporation (China), Dow Chemical Company (US), 3M (US), Westlake Epoxy (US), DIC Corporation (Japan), Olin Corporation (US), Huntsman Corporation (US), Nan Ya Plastics Corporation (Taiwan), Kukdo Chemical Co., Ltd. (South Korea), Aditya Birla Chemicals (India), Mitsubishi Chemical Group Corporation (Japan), and BASF SE (Germany). Continuous developments in the market—including new product launches, mergers & acquisitions, agreements, and expansions—are expected to help the market grow.

Epoxy Resin Market Report Scope

Report Metric

Details

Market Size Value in 2023

USD 12.9 billion

Revenue Forecast in 2028

USD 17.0 billion

CAGR

5.5%

Years considered for the study

2019-2028

Base Year

2022

Forecast period

2023–2028

Units considered

Kiloton; Value (USD Million)

Segments

Physical Form, Raw Material, Application, End-Use Industry, and Region

Regions

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies

Sinopec Corporation (China), Dow Chemical Company (US), 3M (US), Westlake Epoxy (US), DIC Corporation (Japan), Olin Corporation (US), Huntsman Corporation (US), Nan Ya Plastics Corporation (Taiwan), Kukdo Chemical Co., Ltd. (South Korea), Aditya Birla Chemicals (India), Mitsubishi Chemical Group Corporation (Japan), and BASF SE (Germany).

This report categorizes the global epoxy resin market based on physical form, raw material, application, end-use industry, and region.

Epoxy Resin Market based on the physical forms:
  • Liquid
  • Solid
  • Solution
Epoxy Resin Market Industry based on the raw materials:
  • BADGE
  • BFDGE
  • Novolac
  • Aliphatic
  • Glycidyl amine
  • Others
Epoxy Resin Market based on the applications:
Epoxy Resin Market based on the end-use industries:
  • Building & Construction
  • Automotive
  • General Industrial
  • Consumer Goods
  • Wind Energy
  • Aerospace/Aircraft
  • Marine
  • Others
Epoxy Resin Market based on the region:
  • Asia Pacific
  • Europe
  • North America
  • South America
  • Middle East & Africa

Recent Developments

  • In February 2023, Huntsman introduced a new product called JEFFAMINE M-3085 amine, which is a mono-polyether amine with a higher molecular weight compared to commonly used amine variants such as JEFFAMINE M-2070 amine and JEFFAMINE M-1000 amine.
  • In February 2022, Westlake Chemical Corporation announced the successful completion of its acquisition of Hexion Inc.'s global epoxy business. With this strategic acquisition, Westlake Chemical further strengthens its position in the industry and expands its capabilities in the manufacture and development of specialty resins, coatings, and composites.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 35)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE 
    1.4 REGIONS COVERED 
           1.4.1 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
    1.6 UNIT CONSIDERED 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 39)
    2.1 RESEARCH DATA 
          FIGURE 1 EPOXY RESIN MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Primary interviews – demand and supply sides
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 2 EPOXY RESIN MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 3 EPOXY RESIN MARKET: TOP-DOWN APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION: EPOXY RESIN MARKET
    2.3 FORECAST NUMBER CALCULATION 
          FIGURE 5 DEMAND-SIDE FORECAST PROJECTIONS
    2.4 DATA TRIANGULATION 
          FIGURE 6 EPOXY RESIN MARKET: DATA TRIANGULATION
    2.5 FACTOR ANALYSIS 
    2.6 ASSUMPTIONS 
    2.7 LIMITATIONS AND MARKET RISKS 
    2.8 RECESSION IMPACT 
 
3 EXECUTIVE SUMMARY (Page No. - 48)
    FIGURE 7 LIQUID EPOXY RESIN SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    FIGURE 8 PAINTS & COATINGS TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    FIGURE 9 AUTOMOTIVE AND BUILDING & CONSTRUCTION TO DOMINATE MARKET DURING FORECAST PERIOD
    FIGURE 10 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 SIGNIFICANT OPPORTUNITIES IN EPOXY RESIN MARKET 
          FIGURE 11 HIGH GROWTH POTENTIAL IN ASIA PACIFIC DURING FORECAST PERIOD
    4.2 ASIA PACIFIC: EPOXY RESIN MARKET, BY END-USE INDUSTRY  AND COUNTRY 
          FIGURE 12 BUILDING & CONSTRUCTION SEGMENT LED MARKET IN ASIA PACIFIC
    4.3 EPOXY RESIN MARKET, BY PHYSICAL FORM 
          FIGURE 13 LIQUID EPOXY RESIN SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    4.4 EPOXY RESIN MARKET, BY APPLICATION 
          FIGURE 14 PAINTS & COATINGS SEGMENT TO LEAD MARKET FROM 2023 TO 2028
    4.5 EPOXY RESIN MARKET, BY END-USE INDUSTRY 
          FIGURE 15 BUILDING & CONSTRUCTION TO BE MAJOR END USER OF EPOXY RESIN
    4.6 EPOXY RESIN MARKET, BY COUNTRY 
          FIGURE 16 CHINA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 54)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN  EPOXY RESIN MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Technological advancements in epoxy resin
                    5.2.1.2 Increasing applications of epoxy resin in wind turbines
                                TABLE 1 TOP WIND POWER GENERATING COUNTRIES, 2019–2021 (TERAWATT/HOUR)
                    5.2.1.3 Growing demand for lightweight materials in various industries
           5.2.2 RESTRAINTS
                    5.2.2.1 Volatility in raw material prices
                    5.2.2.2 Environmental concerns and regulations
                    5.2.2.3 Health and safety concerns
                    5.2.2.4 Limited application temperature range
                                TABLE 2 TEMPERATURE RANGE OF EPOXY RESINS IN VARIOUS APPLICATIONS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing demand from emerging economies
                    5.2.3.2 Increasing applications in electrical & electronics
           5.2.4 CHALLENGES
                    5.2.4.1 Availability of competitive substitute materials
                    5.2.4.2 Strong market competition and pricing pressure
    5.3 VALUE CHAIN ANALYSIS 
          FIGURE 18 OVERVIEW OF VALUE CHAIN OF EPOXY RESIN MARKET
           5.3.1 RAW MATERIAL SUPPLIERS
           5.3.2 MANUFACTURERS
           5.3.3 DISTRIBUTORS
           5.3.4 END USERS
                    TABLE 3 EPOXY RESIN MARKET: VALUE CHAIN STAKEHOLDERS
    5.4 PORTER’S FIVE FORCE ANALYSIS 
          FIGURE 19 PORTER’S FIVE FORCES ANALYSIS: EPOXY RESIN MARKET
           5.4.1 BARGAINING POWER OF SUPPLIERS
           5.4.2 BARGAINING POWER OF BUYERS
           5.4.3 THREAT OF NEW ENTRANTS
           5.4.4 THREAT OF SUBSTITUTES
           5.4.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 4 EPOXY RESIN MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.5 MACROECONOMIC INDICATORS 
           5.5.1 GLOBAL GDP TRENDS
                    TABLE 5 TRENDS OF PER CAPITA GDP, 2020–2022 (USD)
                    TABLE 6 GDP GROWTH ESTIMATES AND PROJECTION OF KEY COUNTRIES,  2023–2027 (USD MILLION)
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES 
          FIGURE 20 AUTOMOTIVE AND CONSTRUCTION INDUSTRIES TO DRIVE DEMAND  FOR EPOXY RESIN
    5.7 TECHNOLOGY TRENDS 
           5.7.1 BIO-BASED EPOXY RESINS
           5.7.2 HIGH-PERFORMANCE CURING TECHNOLOGIES
           5.7.3 NANOTECHNOLOGY AND NANOCOMPONENTS
           5.7.4 ADDITIVE MANUFACTURING (3D PRINTING)
           5.7.5 SELF-HEALING AND SELF-REPAIRING EPOXY SYSTEMS
           5.7.6 ENHANCED THERMAL AND FIRE RESISTANCE
           5.7.7 SMART EPOXY RESINS
    5.8 TARIFFS & REGULATIONS 
           5.8.1 NORTH AMERICA
                    5.8.1.1 Toxic Substances Control Act (TSCA)
           5.8.2 EUROPEAN UNION
                    5.8.2.1 Reach
           5.8.3 ASIA PACIFIC
                    5.8.3.1 China
                    5.8.3.2 Japan
    5.9 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 
           5.9.1 ENVIRONMENTAL PROTECTION AGENCY (EPA)
           5.9.2 EUROPEAN CHEMICALS AGENCY (ECHA)
           5.9.3 MINISTRY OF ECOLOGY AND ENVIRONMENT (MEE)
           5.9.4 JAPAN CHEMICALS EVALUATION CENTER (J-CHECK)
           5.9.5 AMERICAN CHEMISTRY COUNCIL (ACC)
           5.9.6 FEDERATION OF EUROPEAN SPECIALTY CHEMICALS (FECC)
           5.9.7 INTERNATIONAL ORGANIZATION FOR STANDARDIZATION (ISO)
    5.10 TRADE ANALYSIS 
           5.10.1 IMPORT TRADE ANALYSIS
                     TABLE 7 COUNTRY-WISE IMPORT TRADE (USD THOUSAND)
           5.10.2 EXPORT TRADE ANALYSIS
                     TABLE 8 COUNTRY-WISE EXPORT TRADE (USD THOUSAND)
    5.11 PATENT ANALYSIS 
           5.11.1 INTRODUCTION
           5.11.2 METHODOLOGY
           5.11.3 DOCUMENT TYPE
                     FIGURE 21 PATENTS REGISTERED FROM 2012 2022
           5.11.4 PATENT PUBLICATION TRENDS
                     FIGURE 22 NUMBER OF PATENTS REGISTERED FROM 2012 TO 2022
           5.11.5 INSIGHTS
           5.11.6 JURISDICTION ANALYSIS
                     FIGURE 23 CHINA REGISTERED HIGHEST NUMBER OF PATENTS
           5.11.7 TOP COMPANIES/APPLICANTS
                     FIGURE 24 DOW GLOBAL TECHNOLOGIES LLC REGISTERED MAXIMUM NUMBER OF PATENTS
                     TABLE 9 DOW GLOBAL TECHNOLOGIES LLC
                     TABLE 10 LIST OF PATENTS BY SIKA TECHNOLOGY AG
                     TABLE 11 TOP 10 PATENT OWNERS IN LAST 10 YEARS
    5.12 ECOSYSTEM ANALYSIS 
           FIGURE 25 EPOXY RESIN MARKET: ECOSYSTEM MAPPING
    5.13 KEY FACTORS AFFECTING BUYING DECISION 
           5.13.1 PERFORMANCE AND TECHNICAL SPECIFICATIONS
           5.13.2 APPLICATION COMPATIBILITY
           5.13.3 QUALITY AND CONSISTENCY
           5.13.4 PRICE AND COST-EFFECTIVENESS
           5.13.5 TECHNICAL SUPPORT AND EXPERTISE
           5.13.6 SUPPLY CHAIN RELIABILITY AND LEAD TIMES
           5.13.7 ENVIRONMENTAL AND REGULATORY COMPLIANCE
           5.13.8 REPUTATION AND PAST PERFORMANCE
                     FIGURE 26 SUPPLIER SELECTION CRITERIA
    5.14 KEY CONFERENCES & EVENTS IN 2022–2023 
           TABLE 12 EPOXY RESIN MARKET: LIST OF CONFERENCES & EVENTS
    5.15 AVERAGE SELLING PRICE ANALYSIS 
           5.15.1 AVERAGE SELLING PRICE BASED ON REGION
                     FIGURE 27 AVERAGE SELLING PRICE, BY REGION (USD/KG)
           5.15.2 AVERAGE SELLING PRICE BASED ON APPLICATION
                     TABLE 13 AVERAGE SELLING PRICE, BY APPLICATION (USD/KG)
           5.15.3 AVERAGE SELLING PRICE OF TOP 3 MARKET PLAYERS
                     FIGURE 28 AVERAGE SELLING PRICE, BY TOP MARKET PLAYERS (USD/KG)
    5.16 CASE STUDY ANALYSIS 
           5.16.1 SICOMIN
           5.16.2 GRANCO INC.
 
6 EPOXY RESIN MARKET, BY PHYSICAL FORM (Page No. - 83)
    6.1 EPOXY RESIN 
          FIGURE 29 LIQUID EPOXY RESIN TO DOMINATE OVERALL EPOXY RESIN MARKET BETWEEN 2023 AND 2028
          TABLE 14 EPOXY RESIN MARKET SIZE, BY PHYSICAL FORM, 2019–2022 (KILOTON)
          TABLE 15 EPOXY RESIN MARKET SIZE, BY PHYSICAL FORM, 2023–2028 (KILOTON)
          TABLE 16 EPOXY RESIN MARKET SIZE, BY PHYSICAL FORM, 2019–2022 (USD MILLION)
          TABLE 17 EPOXY RESIN MARKET SIZE, BY PHYSICAL FORM, 2023–2028 (USD MILLION)
    6.2 SOLID EPOXY RESIN 
           6.2.1 AUTOMOTIVE AND CONSTRUCTION SECTORS TO DRIVE DEMAND FOR SOLID EPOXY RESIN
    6.3 LIQUID EPOXY RESIN 
           6.3.1 GROWTH IN ELECTRONICS INDUSTRY TO FUEL MARKET IN THIS SEGMENT
    6.4 SOLUTION EPOXY RESIN 
           6.4.1 RISE IN CONSTRUCTION ACTIVITIES TO INCREASE DEMAND FOR SOLUTION EPOXY RESINS
 
7 EPOXY RESIN MARKET, BY APPLICATION (Page No. - 87)
    7.1 INTRODUCTION 
          FIGURE 30 PAINTS & COATINGS TO DOMINATE OVERALL EPOXY RESIN MARKET BETWEEN 2023 AND 2028
          TABLE 18 EPOXY RESIN MARKET SIZE, BY APPLICATION, 2019–2022 (KILOTON)
          TABLE 19 EPOXY RESIN MARKET SIZE, BY APPLICATION, 2023–2028 (KILOTON)
          TABLE 20 EPOXY RESIN MARKET SIZE, BY APPLICATION, 2019–2022 (USD MILLION)
          TABLE 21 EPOXY RESIN MARKET SIZE, BY APPLICATION, 2023–2028 (USD MILLION)
    7.2 PAINTS & COATINGS 
           7.2.1 GROWING CONSTRUCTION SECTOR TO BOOST DEMAND FOR EPOXY RESIN IN PAINTS & COATINGS SEGMENT
    7.3 ADHESIVES & SEALANTS 
           7.3.1 AUTOMOTIVE INDUSTRY TO BE MAJOR CONSUMER OF ADHESIVES & SEALANTS
    7.4 COMPOSITES 
           7.4.1 ADVANCEMENTS IN TECHNOLOGY TO DRIVE EPOXY RESIN MARKET IN COMPOSITES SEGMENT
    7.5 OTHERS 
           7.5.1 EPOXY RESINS WIDELY USED IN TOOLING, EXPOSED AGGREGATE, AND PRINTING INKS
 
8 EPOXY RESIN MARKET, BY END-USE INDUSTRY (Page No. - 92)
    8.1 INTRODUCTION 
          FIGURE 31 BUILDING & CONSTRUCTION TO ACCOUNT FOR LARGEST SHARE OF EPOXY RESIN MARKET BETWEEN 2023 AND 2028
          TABLE 22 EPOXY RESIN MARKET SIZE, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
          TABLE 23 EPOXY RESIN MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
          TABLE 24 EPOXY RESIN MARKET SIZE, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
          TABLE 25 EPOXY RESIN MARKET SIZE, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
    8.2 BUILDING & CONSTRUCTION 
           8.2.1 EPOXY RESINS WIDELY USED IN CONSTRUCTION SECTOR TO ENHANCE DURABILITY AND PERFORMANCE
    8.3 AUTOMOTIVE 
           8.3.1 EPOXY COMPOSITES USED IN AUTOMOBILES TO ENABLE LIGHTWEIGHTING AND IMPROVE SAFETY
    8.4 GENERAL INDUSTRIAL 
           8.4.1 EPOXY RESIN OFFERS VERSATILE SOLUTIONS FOR GENERAL INDUSTRIAL MANUFACTURING
    8.5 WIND POWER 
           8.5.1 EPOXY RESINS WIDELY USED IN WIND TURBINE BLADE MANUFACTURING
    8.6 CONSUMER GOODS 
           8.6.1 USE OF EPOXY RESIN WITNESSING HIGH GROWTH IN CONSUMER GOODS SECTOR
    8.7 AEROSPACE 
           8.7.1 EPOXY RESIN-BASED COMPOSITE REPAIR SYSTEMS INCREASINGLY USED IN AIRCRAFT MAINTENANCE
    8.8 MARINE 
           8.8.1 EPOXY SEALANTS USED FOR UNDERWATER REPAIR AND MAINTENANCE
    8.9 OTHERS 
 
9 EPOXY RESIN MARKET, BY RAW MATERIAL (Page No. - 98)
    9.1 INTRODUCTION 
    9.2 DGEBA (DIGLYCIDYL ETHER OF BISPHENOL A) 
    9.3 DGBEF (DIGLYCIDYL ETHER OF BISPHENOL F) 
    9.4 NOVOLAC 
    9.5 ALIPHATIC 
    9.6 OTHERS 
 
10 EPOXY RESIN MARKET, BY REGION (Page No. - 100)
     10.1 INTRODUCTION 
             FIGURE 32 CHINA TO BE FASTEST-GROWING EPOXY RESIN MARKET  BETWEEN 2023 AND 2028
             TABLE 26 EPOXY RESIN MARKET, BY REGION, 2019–2022 (KILOTON)
             TABLE 27 EPOXY RESIN MARKET, BY REGION, 2023–2028 (KILOTON)
             TABLE 28 EPOXY RESIN MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 29 EPOXY RESIN MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.2 ASIA PACIFIC 
             10.2.1 RECESSION IMPACT
                        FIGURE 33 ASIA PACIFIC: EPOXY RESIN MARKET SNAPSHOT
                        TABLE 30 ASIA PACIFIC: EPOXY RESIN MARKET, BY COUNTRY, 2019–2022 (KILOTON)
                        TABLE 31 ASIA PACIFIC: EPOXY RESIN MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                        TABLE 32 ASIA PACIFIC: EPOXY RESIN MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 33 ASIA PACIFIC: EPOXY RESIN MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 34 ASIA PACIFIC: EPOXY RESIN MARKET, BY PHYSICAL FORM, 2019–2022 (KILOTON)
                        TABLE 35 ASIA PACIFIC: EPOXY RESIN MARKET, BY PHYSICAL FORM, 2023–2028 (KILOTON)
                        TABLE 36 ASIA PACIFIC: EPOXY RESIN MARKET, BY PHYSICAL FORM, 2019–2022 (USD MILLION)
                        TABLE 37 ASIA PACIFIC: EPOXY RESIN MARKET, BY PHYSICAL FORM, 2023–2028 (USD MILLION)
                        TABLE 38 ASIA PACIFIC: EPOXY RESIN MARKET, BY APPLICATION, 2019–2022 (KILOTON)
                        TABLE 39 ASIA PACIFIC: EPOXY RESIN MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                        TABLE 40 ASIA PACIFIC: EPOXY RESIN MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 41 ASIA PACIFIC: EPOXY RESIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                        TABLE 42 ASIA PACIFIC: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                        TABLE 43 ASIA PACIFIC: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        TABLE 44 ASIA PACIFIC: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)
                        TABLE 45 ASIA PACIFIC: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)
             10.2.2 CHINA
                        10.2.2.1 Growing construction industry to drive market
                                      TABLE 46 CHINA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                                      TABLE 47 CHINA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                      TABLE 48 CHINA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 49 CHINA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.2.3 INDIA
                        10.2.3.1 Government’s infrastructure projects to fuel market growth
                                      TABLE 50 INDIA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                                      TABLE 51 INDIA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                      TABLE 52 INDIA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 53 INDIA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.2.4 JAPAN
                        10.2.4.1 Rising demand for paints & coatings to drive market
                                      TABLE 54 JAPAN: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                                      TABLE 55 JAPAN: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                      TABLE 56 JAPAN: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 57 JAPAN: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.2.5 SOUTH KOREA
                        10.2.5.1 Automobile industry to be largest consumer of epoxy resin
                                      TABLE 58 SOUTH KOREA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                                      TABLE 59 SOUTH KOREA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                      TABLE 60 SOUTH KOREA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)
                                      TABLE 61 SOUTH KOREA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)
             10.2.6 INDONESIA
                        10.2.6.1 Growing construction and automotive sectors to fuel market
                                      TABLE 62 INDONESIA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                                      TABLE 63 INDONESIA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                      TABLE 64 INDONESIA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 65 INDONESIA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.2.7 REST OF ASIA PACIFIC
                        10.2.7.1 Construction sector to boost epoxy resin market
                                      TABLE 66 REST OF ASIA PACIFIC: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)
                                      TABLE 67 REST OF ASIA PACIFIC: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)
                                      TABLE 68 REST OF ASIA PACIFIC: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)
                                      TABLE 69 REST OF ASIA PACIFIC: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)
     10.3 NORTH AMERICA 
             10.3.1 RECESSION IMPACT
                        FIGURE 34 NORTH AMERICA: EPOXY RESIN MARKET SNAPSHOT
                        TABLE 70 NORTH AMERICA: EPOXY RESIN MARKET, BY COUNTRY, 2019–2022 (KILOTON)
                        TABLE 71 NORTH AMERICA: EPOXY RESIN MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                        TABLE 72 NORTH AMERICA: EPOXY RESIN MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 73 NORTH AMERICA: EPOXY RESIN MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 74 NORTH AMERICA: EPOXY RESIN MARKET, BY PHYSICAL FORM, 2019–2022 (KILOTON)
                        TABLE 75 NORTH AMERICA: EPOXY RESIN MARKET, BY PHYSICAL FORM, 2023–2028 (KILOTON)
                        TABLE 76 NORTH AMERICA: EPOXY RESIN MARKET, BY PHYSICAL FORM,  2019–2022 (USD MILLION)
                        TABLE 77 NORTH AMERICA: EPOXY RESIN MARKET, BY PHYSICAL FORM,  2023–2028 (USD MILLION)
                        TABLE 78 NORTH AMERICA: EPOXY RESIN MARKET, BY APPLICATION, 2019–2022 (KILOTON)
                        TABLE 79 NORTH AMERICA: EPOXY RESIN MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                        TABLE 80 NORTH AMERICA: EPOXY RESIN MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 81 NORTH AMERICA: EPOXY RESIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                        TABLE 82 NORTH AMERICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                        TABLE 83 NORTH AMERICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        TABLE 84 NORTH AMERICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)
                        TABLE 85 NORTH AMERICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)
             10.3.2 US
                        10.3.2.1 Wind energy to be largest consumer of epoxy resin
                                      TABLE 86 US: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                                      TABLE 87 US: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                      TABLE 88 US: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 89 US: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.3.3 CANADA
                        10.3.3.1 Aerospace sector to be fastest-growing end user of epoxy resin during forecast period
                                      TABLE 90 CANADA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                                      TABLE 91 CANADA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                      TABLE 92 CANADA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 93 CANADA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.3.4 MEXICO
                        10.3.4.1 Construction sector to be largest consumer of epoxy resin
                                      TABLE 94 MEXICO: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                                      TABLE 95 MEXICO: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                      TABLE 96 MEXICO: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 97 MEXICO: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
     10.4 EUROPE 
             10.4.1 RECESSION IMPACT
                        FIGURE 35 EUROPE: EPOXY RESIN MARKET SNAPSHOT
                        TABLE 98 EUROPE: EPOXY RESIN MARKET, BY COUNTRY, 2019–2022 (KILOTON)
                        TABLE 99 EUROPE: EPOXY RESIN MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                        TABLE 100 EUROPE: EPOXY RESIN MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 101 EUROPE: EPOXY RESIN MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 102 EUROPE: EPOXY RESIN MARKET, BY PHYSICAL FORM, 2019–2022 (KILOTON)
                        TABLE 103 EUROPE: EPOXY RESIN MARKET, BY PHYSICAL FORM, 2023–2028 (KILOTON)
                        TABLE 104 EUROPE: EPOXY RESIN MARKET, BY PHYSICAL FORM, 2019–2022 (USD MILLION)
                        TABLE 105 EUROPE: EPOXY RESIN MARKET, BY PHYSICAL FORM, 2023–2028 (USD MILLION)
                        TABLE 106 EUROPE: EPOXY RESIN MARKET, BY APPLICATION, 2019–2022 (KILOTON)
                        TABLE 107 EUROPE: EPOXY RESIN MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                        TABLE 108 EUROPE: EPOXY RESIN MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 109 EUROPE: EPOXY RESIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                        TABLE 110 EUROPE: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                        TABLE 111 EUROPE: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        TABLE 112 EUROPE: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                        TABLE 113 EUROPE: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.4.2 GERMANY
                        10.4.2.1 Germany to be dominant market in Europe
                                      TABLE 114 GERMANY: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                                      TABLE 115 GERMANY: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                      TABLE 116 GERMANY: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 117 GERMANY: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.4.3 FRANCE
                        10.4.3.1 Construction and automotive industries to be major driver of epoxy resin market
                                      TABLE 118 FRANCE: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                                      TABLE 119 FRANCE: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                      TABLE 120 FRANCE: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 121 FRANCE: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.4.4 UK
                        10.4.4.1 Epoxy resin market in wind energy segment to witness high growth
                                      TABLE 122 UK: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                                      TABLE 123 UK: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                      TABLE 124 UK: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 125 UK: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.4.5 ITALY
                        10.4.5.1 Wind energy sector to drive market during forecast period
                                      TABLE 126 ITALY: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                                      TABLE 127 ITALY: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                      TABLE 128 ITALY: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 129 ITALY: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.4.6 SPAIN
                        10.4.6.1 Paints & coatings sector to fuel market growth
                                      TABLE 130 SPAIN: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                                      TABLE 131 SPAIN: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                      TABLE 132 SPAIN: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 133 SPAIN: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.4.7 BELGIUM
                        10.4.7.1 Investments by government in construction industry to fuel demand
                                      TABLE 134 BELGIUM: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                                      TABLE 135 BELGIUM: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                      TABLE 136 BELGIUM: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 137 BELGIUM: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.4.8 REST OF EUROPE
                        10.4.8.1 Paints & coatings application to propel market
                                      TABLE 138 REST OF EUROPE: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                                      TABLE 139 REST OF EUROPE: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                      TABLE 140 REST OF EUROPE: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)
                                      TABLE 141 REST OF EUROPE: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)
     10.5 MIDDLE EAST & AFRICA 
             10.5.1 RECESSION IMPACT
                        TABLE 142 MIDDLE EAST & AFRICA: EPOXY RESIN MARKET, BY COUNTRY, 2019–2022 (KILOTON)
                        TABLE 143 MIDDLE EAST & AFRICA: EPOXY RESIN MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                        TABLE 144 MIDDLE EAST & AFRICA: EPOXY RESIN MARKET, BY COUNTRY,  2019–2022 (USD MILLION)
                        TABLE 145 MIDDLE EAST & AFRICA: EPOXY RESIN MARKET, BY COUNTRY,  2023–2028 (USD MILLION)
                        TABLE 146 MIDDLE EAST & AFRICA: EPOXY RESIN MARKET, BY PHYSICAL FORM,  2019–2022 (KILOTON)
                        TABLE 147 MIDDLE EAST & AFRICA: EPOXY RESIN MARKET, BY PHYSICAL FORM,  2023–2028 (KILOTON)
                        TABLE 148 MIDDLE EAST & AFRICA: EPOXY RESIN MARKET, BY PHYSICAL FORM,  2019–2022 (USD MILLION)
                        TABLE 149 MIDDLE EAST & AFRICA: EPOXY RESIN MARKET, BY PHYSICAL FORM,  2023–2028 (USD MILLION)
                        TABLE 150 MIDDLE EAST & AFRICA: EPOXY RESIN MARKET, BY APPLICATION, 2019–2022 (KILOTON)
                        TABLE 151 MIDDLE EAST & AFRICA: EPOXY RESIN MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                        TABLE 152 MIDDLE EAST & AFRICA: EPOXY RESIN MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
                        TABLE 153 MIDDLE EAST & AFRICA: EPOXY RESIN MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
                        TABLE 154 MIDDLE EAST & AFRICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)
                        TABLE 155 MIDDLE EAST & AFRICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)
                        TABLE 156 MIDDLE EAST & AFRICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)
                        TABLE 157 MIDDLE EAST & AFRICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)
             10.5.2 SAUDI ARABIA
                        10.5.2.1 Development in real estate to fuel demand for epoxy resin
                                      TABLE 158 SAUDI ARABIA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                                      TABLE 159 SAUDI ARABIA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                      TABLE 160 SAUDI ARABIA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)
                                      TABLE 161 SAUDI ARABIA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)
             10.5.3 SOUTH AFRICA
                        10.5.3.1 Construction sector to be major contributor to growth of epoxy resin market
                                      TABLE 162 SOUTH AFRICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                                      TABLE 163 SOUTH AFRICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                      TABLE 164 SOUTH AFRICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)
                                      TABLE 165 SOUTH AFRICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)
             10.5.4 UAE
                        10.5.4.1 Government construction projects to support market growth
                                      TABLE 166 UAE: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                                      TABLE 167 UAE: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                      TABLE 168 UAE: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 169 UAE: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.5.5 REST OF MIDDLE EAST & AFRICA
                        10.5.5.1 Implementation of infrastructure projects to boost market
                                      TABLE 170 REST OF MIDDLE EAST & AFRICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)
                                      TABLE 171 REST OF MIDDLE EAST & AFRICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)
                                      TABLE 172 REST OF MIDDLE EAST & AFRICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)
                                      TABLE 173 REST OF MIDDLE EAST & AFRICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)
     10.6 SOUTH AMERICA 
             10.6.1 RECESSION IMPACT
                        TABLE 174 SOUTH AMERICA: EPOXY RESIN MARKET, BY COUNTRY, 2019–2022 (KILOTON)
                        TABLE 175 SOUTH AMERICA: EPOXY RESIN MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                        TABLE 176 SOUTH AMERICA: EPOXY RESIN MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 177 SOUTH AMERICA: EPOXY RESIN MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 178 SOUTH AMERICA: EPOXY RESIN MARKET, BY PHYSICAL FORM, 2019–2022 (KILOTON)
                        TABLE 179 SOUTH AMERICA: EPOXY RESIN MARKET, BY PHYSICAL FORM, 2023–2028 (KILOTON)
                        TABLE 180 SOUTH AMERICA: EPOXY RESIN MARKET, BY PHYSICAL FORM,  2019–2022 (USD MILLION)
                        TABLE 181 SOUTH AMERICA: EPOXY RESIN MARKET, BY PHYSICAL FORM,  2023–2028 (USD MILLION)
                        TABLE 182 SOUTH AMERICA: EPOXY RESIN MARKET, BY APPLICATION, 2019–2022 (KILOTON)
                        TABLE 183 SOUTH AMERICA: EPOXY RESIN MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                        TABLE 184 SOUTH AMERICA: EPOXY RESIN MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 185 SOUTH AMERICA: EPOXY RESIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                        TABLE 186 SOUTH AMERICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                        TABLE 187 SOUTH AMERICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        TABLE 188 SOUTH AMERICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)
                        TABLE 189 SOUTH AMERICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)
             10.6.2 BRAZIL
                        10.6.2.1 Upcoming construction projects to support market growth
                                      TABLE 190 BRAZIL: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                                      TABLE 191 BRAZIL: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                      TABLE 192 BRAZIL: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 193 BRAZIL: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.6.3 ARGENTINA
                        10.6.3.1 Rising urban population to increase demand for residential and commercial buildings
                                      TABLE 194 ARGENTINA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)
                                      TABLE 195 ARGENTINA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                      TABLE 196 ARGENTINA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 197 ARGENTINA: EPOXY RESIN MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.6.4 REST OF SOUTH AMERICA
                        10.6.4.1 Automotive industry to be largest end user of epoxy resin
                                      TABLE 198 REST OF SOUTH AMERICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)
                                      TABLE 199 REST OF SOUTH AMERICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)
                                      TABLE 200 REST OF SOUTH AMERICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)
                                      TABLE 201 REST OF SOUTH AMERICA: EPOXY RESIN MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)
 
11 COMPETITIVE LANDSCAPE (Page No. - 173)
     11.1 OVERVIEW 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             FIGURE 36 COMPANIES ADOPTED ACQUISITION AS KEY GROWTH STRATEGY BETWEEN  2018 AND 2022
     11.3 MARKET EVALUATION FRAMEWORK 
             TABLE 202 MARKET EVALUATION FRAMEWORK
     11.4 REVENUE ANALYSIS 
             TABLE 203 REVENUE ANALYSIS OF KEY COMPANIES (2020–2022)
     11.5 RANKING OF KEY PLAYERS 
             FIGURE 37 RANKING OF TOP 5 PLAYERS IN EPOXY RESIN MARKET
     11.6 MARKET SHARE ANALYSIS 
             FIGURE 38 EPOXY RESIN MARKET SHARE, BY COMPANY (2022)
             TABLE 204 EPOXY RESIN MARKET: DEGREE OF COMPETITION
     11.7 COMPANY EVALUATION MATRIX (TIER 1 COMPANIES) 
             11.7.1 STARS
             11.7.2 PERVASIVE PLAYERS
             11.7.3 EMERGING LEADERS
             11.7.4 PARTICIPANTS
                        FIGURE 39 EPOXY RESIN MARKET: COMPANY EVALUATION MATRIX (TIER 1 COMPANIES)
     11.8 STRENGTH OF PRODUCT PORTFOLIO 
     11.9 BUSINESS STRATEGY EXCELLENCE 
     11.10 COMPANY EVALUATION MATRIX (START-UPS AND SMES) 
             11.10.1 PROGRESSIVE COMPANIES
             11.10.2 RESPONSIVE COMPANIES
             11.10.3 STARTING BLOCKS
             11.10.4 DYNAMIC COMPANIES
                        FIGURE 40 EPOXY RESIN MARKET: COMPANY EVALUATION MATRIX (START-UPS AND SMES)
     11.11 STRENGTH OF PRODUCT PORTFOLIO (START-UPS AND SMES) 
     11.12 BUSINESS STRATEGY EXCELLENCE (START-UPS AND SMES) 
             11.12.1 COMPETITIVE BENCHMARKING
                        TABLE 205 COMPANY FOOTPRINT, BY PHYSICAL FORM
                        TABLE 206 COMPANY FOOTPRINT, BY APPLICATION
                        TABLE 207 COMPANY FOOTPRINT, BY REGION
                        TABLE 208 COMPANY OVERALL FOOTPRINT
     11.13 COMPETITIVE SITUATION AND TRENDS 
             11.13.1 PRODUCT LAUNCHES/DEVELOPMENTS
                        TABLE 209 EPOXY RESIN MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2018–2023
             11.13.2 DEALS
                        TABLE 210 EPOXY RESIN MARKET: DEALS, 2018–2023
             11.13.3 OTHERS
                        TABLE 211 EPOXY RESIN MARKET: OTHERS, 2018–2023
 
12 COMPANY PROFILES (Page No. - 193)
(Business overview, Products offered, Recent Developments, MNM view)*
     12.1 KEY PLAYERS 
             12.1.1 DOW CHEMICAL COMPANY
                        TABLE 212 DOW CHEMICAL COMPANY: COMPANY OVERVIEW
                        FIGURE 41 DOW CHEMICAL COMPANY: COMPANY SNAPSHOT
                        TABLE 213 DOW CHEMICAL COMPANY: PRODUCT OFFERINGS
                        TABLE 214 DOW CHEMICAL COMPANY: PRODUCT LAUNCHES
                        TABLE 215 DOW CHEMICAL COMPANY: OTHER DEVELOPMENTS
             12.1.2 3M
                        TABLE 216 3M: COMPANY OVERVIEW
                        FIGURE 42 3M: COMPANY SNAPSHOT
                        TABLE 217 3M: PRODUCT OFFERINGS
             12.1.3 OLIN CORPORATION
                        TABLE 218 OLIN CORPORATION: COMPANY OVERVIEW
                        FIGURE 43 OLIN CORPORATION: COMPANY SNAPSHOT
                        TABLE 219 OLIN CORPORATION: PRODUCT OFFERINGS
             12.1.4 WESTLAKE EPOXY
                        TABLE 220 WESTLAKE EPOXY: COMPANY OVERVIEW
                        FIGURE 44 WESTLAKE EPOXY: COMPANY SNAPSHOT
                        TABLE 221 WESTLAKE EPOXY: PRODUCT OFFERINGS
                        TABLE 222 WESTLAKE EPOXY: DEALS
                        TABLE 223 WESTLAKE EPOXY: PRODUCT LAUNCHES
             12.1.5 KUKDO CHEMICAL CO., LTD.
                        TABLE 224 KUKDO CHEMICAL CO., LTD.: COMPANY OVERVIEW
                        TABLE 225 KUKDO CHEMICAL CO., LTD.: PRODUCT OFFERINGS
                        TABLE 226 KUKDO CHEMICAL CO., LTD.: DEALS
                        TABLE 227 KUKDO CHEMICAL CO., LTD.: OTHER DEVELOPMENTS
             12.1.6 DIC CORPORATION
                        TABLE 228 DIC CORPORATION: COMPANY OVERVIEW
                        FIGURE 45 DIC CORPORATION: COMPANY SNAPSHOT
                        TABLE 229 DIC CORPORATION: PRODUCT OFFERINGS
                        TABLE 230 DIC CORPORATION: PRODUCT LAUNCHES
                        TABLE 231 DIC CORPORATION: DEALS
                        TABLE 232 DIC CORPORATION: OTHER DEVELOPMENTS
             12.1.7 HUNTSMAN CORPORATION
                        TABLE 233 HUNTSMAN CORPORATION: COMPANY OVERVIEW
                        FIGURE 46 HUNTSMAN CORPORATION: COMPANY SNAPSHOT
                        TABLE 234 HUNTSMAN CORPORATION: PRODUCT OFFERINGS
                        TABLE 235 HUNTSMAN CORPORATION: DEALS
                        TABLE 236 HUNTSMAN CORPORATION: OTHER DEVELOPMENTS
             12.1.8 NAN YA PLASTICS CORPORATION
                        TABLE 237 NAN YA PLASTICS CORPORATION: COMPANY OVERVIEW
                        FIGURE 47 NAN YA PLASTICS CORPORATION: COMPANY SNAPSHOT
                        TABLE 238 NAN YA PLASTICS CORPORATION: PRODUCT OFFERINGS
                        TABLE 239 NAN YA PLASTIC CORPORATION: OTHER DEVELOPMENTS
             12.1.9 SINOPEC CORPORATION
                        TABLE 240 SINOPEC CORPORATION: COMPANY OVERVIEW
                        FIGURE 48 SINOPEC CORPORATION: COMPANY SNAPSHOT
                        TABLE 241 SINOPEC CORPORATION: PRODUCT OFFERINGS
                        TABLE 242 SINOPEC CORPORATION: DEALS
                        TABLE 243 SINOPEC CORPORATION: OTHER DEVELOPMENTS
             12.1.10 ADITYA BIRLA CHEMICALS
                        TABLE 244 ADITYA BIRLA CHEMICALS: COMPANY OVERVIEW
                        FIGURE 49 ADITYA BIRLA CHEMICALS: COMPANY SNAPSHOT
                        TABLE 245 ADITYA BIRLA CHEMICALS: PRODUCT OFFERINGS
             12.1.11 BASF SE
                        TABLE 246 BASF SE: COMPANY OVERVIEW
                        FIGURE 50 BASF SE: COMPANY SNAPSHOT
                        TABLE 247 BASF SE: PRODUCT OFFERINGS
     12.2 OTHER PLAYERS 
             12.2.1 MITSUBISHI CHEMICAL GROUP CORPORATION
                        TABLE 248 MITSUBISHI CHEMICAL GROUP CORPORATION: COMPANY OVERVIEW
             12.2.2 CHANG CHUN GROUP
                        TABLE 249 CHANG CHUN GROUP: COMPANY OVERVIEW
             12.2.3 MOMENTIVE PERFORMANCE MATERIALS
                        TABLE 250 MOMENTIVE PERFORMANCE MATERIALS: COMPANY OVERVIEW
             12.2.4 EVONIK INDUSTRIES AG
                        TABLE 251 EVONIK INDUSTRIES AG: COMPANY OVERVIEW
             12.2.5 SIKA AG
                        TABLE 252 SIKA AG: COMPANY OVERVIEW
             12.2.6 EASTMAN CHEMICAL COMPANY
                        TABLE 253 EASTMAN CHEMICAL COMPANY: COMPANY OVERVIEW
             12.2.7 KOLON INDUSTRIES
                        TABLE 254 KOLON INDUSTRIES: COMPANY OVERVIEW
             12.2.8 LEUNA HARZE
                        TABLE 255 LEUNA HARZE: COMPANY OVERVIEW
             12.2.9 SPOLCHEMIE
                        TABLE 256 SPOLCHEMIE: COMPANY OVERVIEW
             12.2.10 WACKER CHEMIE
                        TABLE 257 WACKER CHEMIE: COMPANY OVERVIEW
             12.2.11 ATUL LTD.
                        TABLE 258 ATUL LTD.: COMPANY OVERVIEW
             12.2.12 COVESTRO AG
                        TABLE 259 COVESTRO AG: COMPANY OVERVIEW
             12.2.13 JIANGSU SANMU GROUP
                        TABLE 260 JIANSU SANMU GROUP: COMPANY OVERVIEW
             12.2.14 NAMA CHEMICALS COMPANY
                        TABLE 261 NAMA CHEMICALS COMPANY: COMPANY OVERVIEW
 
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
 
13 APPENDIX (Page No. - 244)
     13.1 INSIGHTS FROM INDUSTRY EXPERTS 
     13.2 DISCUSSION GUIDE 
     13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     13.4 CUSTOMIZATION OPTIONS 
     13.5 RELATED REPORTS 
     13.6 AUTHOR DETAILS 

The study involved four major activities in estimating the market size of the epoxy resin market. Exhaustive secondary research was done to collect information on the market, the peer market, and the grandparent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

 In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, articles from recognized authors, gold standard and silver standard websites, and databases. Secondary research has been used to obtain key information about the value chain of the industry, monetary chain of the market, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.

Primary Research

The epoxy resin market comprises several stakeholders in the value chain, which include manufacturers, and end users. Various primary sources from the supply and demand sides of the epoxy resin market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders in end-use sectors. The primary sources from the supply side include manufacturers, associations, and institutions involved in the epoxy resin industry. Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to physical form, raw material, application, end-use industries, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of epoxy resin and outlook of their business, which will affect the overall market.

The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Epoxy Resin Market Size, and Share

Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.

Other designations include consultants and sales, marketing, and procurement managers.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down and bottom-up approaches have been used to estimate and validate the size of the epoxy resin market.

  • The key players in the industry have been identified through extensive secondary research.
  • The supply chain of the industry has been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.

Epoxy Resin Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the total market size from the estimation process, the overall market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated by using both the top-down and bottom-up approaches and primary interviews. Hence, for every data segment, there have been three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed correct when the values arrived from the three sources matched.

Market Definition

Epoxy resin is a versatile thermosetting polymer that is widely used in various industries due to its excellent adhesive, mechanical, electrical, and chemical properties. Epoxy resins are extensively used in a wide range of applications. In the paints and coatings industry, they provide excellent adhesion, chemical resistance, and durability, making them suitable for automotive coatings, industrial coatings, marine coatings, and decorative coatings. Epoxy-based adhesives and sealants are known for their high bonding strength and chemical resistance, finding applications in bonding various substrates such as metals, plastics, and composites.

Key Stakeholders

  • Senior Management
  • End User
  • Finance/Procurement Department
  • R&D Department
  • Manufacturers
  • Raw Material Suppliers

Report Objectives

  • To define, describe, and forecast the size of the epoxy resin market, in terms of value and volume.
  • To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
  • To estimate and forecast the market size based on physical form, raw material, application, end-use industry, and region.
  • To forecast the size of the market with respect to major regions, namely, Europe, North America, Asia Pacific, Middle East & Africa, and South America, along with their key countries
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders.
  • To track and analyze recent developments such as expansions, new product launches, partnerships & agreements, and acquisitions in the market.
  • To strategically profile key market players and comprehensively analyze their core competencies.

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country or additional application

Company Information

  • Detailed analysis and profiles of additional market players

Tariff & Regulations

  • Regulations and Impact on epoxy resin market
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
CH 1218
Published ON
Jul, 2023
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