HOME Top Market Reports Epoxy Resin Market by Physical Form (Liquid, Solid, and Solution), Application (Paints & Coatings, Adhesives & Sealants, Composites), End-Use Industry (Building & Construction, Aerospace, Wind Power, Marine, Consumer Goods) - Global Forecast to 2021

Epoxy Resin Market by Physical Form (Liquid, Solid, and Solution), Application (Paints & Coatings, Adhesives & Sealants, Composites), End-Use Industry (Building & Construction, Aerospace, Wind Power, Marine, Consumer Goods) - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: September 2016
Report Code: CH 1218

 

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The global epoxy resin market size was USD 6.31 Billion in 2015 and is projected to register a CAGR of 5.77%, by value, between 2016 and 2021. The market is driven by its increasing demand in various applications such as coatings, adhesives, and composites.

Objectives of the Study

  • To define, describe, and forecast the global epoxy resin market on the basis of physical form, by application, end-use industry, and region
  • To forecast the market size, in terms of volume and value, of six main regions, namely, Asia-Pacific, Western Europe, North America, Central & Eastern Europe, the Middle East & Africa, and South America (along with countries)
  • To provide detailed information on key factors influencing the market growth, such as drivers, restraints, opportunities, and industry-specific challenges
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To analyze competitive developments, such as joint ventures, mergers & acquisitions, new product developments, and research & development (R&D), in the epoxy resin market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies

Years considered for this report

  • 2014 – Historical Year
  • 2015 – Base Year
  • 2016 – Estimated Year
  • 2021 – Projected Year

Research Methodology

This study aims to estimate the market size for epoxy resin for 2016 and forecast it by 2021. It provides a detailed qualitative and quantitative analysis of the market. Various secondary sources, such as directories, industry journals, and databases, have been used to identify and collect information useful for an extensive commercial study of the epoxy resin market. Primary sources such as experts from related industries and suppliers have been interviewed to obtain and verify critical information and assess prospects of the market.

Epoxy Resin Market

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

The epoxy resin value chain includes raw material manufacturers such as Aditya Birla Chemicals (India), Olin Corporation (U.S.), GE Plastics (U.S.), Nan Ya Plastics Co. Ltd (Taiwan), and Chang Chung Plastics Co. Ltd. (Taiwan).  Epoxy based product manufacturers include Olin Corporation (U.S.), Nan Ya Plastics Co. Ltd. (Taiwan), Hexion Inc. (U.S.), Kukdo Chemicals (U.S.), Huntsman Corporation (Taiwan), and Chang Chung Plastics Co. Ltd. (Taiwan). The products manufactured by these companies are used in automotive, aerospace, construction, wind energy, and other industries by companies such as BMW (Germany), Daimler (Germany), Boeing (U.S.), Siemens (Germany), and so on.

Target Audience:

  • Manufacturers of epoxy resin materials
  • Epoxy resins product fabricators
  • Manufacturers in end-use industries such as industrial, consumer, and transportation
  • Traders, distributors, and suppliers of epoxy resins
  • Regional manufacturers' associations and general epoxy resin associations
  • Government and regional agencies and research organizations

“The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments and the competitive landscape of the market”.

Scope of the Report:

The epoxy resin market is segmented as follows:

On the basis of Physical Form:

  • Liquid
  • Solid
  • Solution

On the basis of Application:

  • Paints & coatings
  • Composites
  • Adhesives & sealants
  • Others

On the basis of End-Use Industry:

  • Building & construction
  • Automotive, large & heavy vehicles & railroads
  • General industrial
  • Consumer goods (including sporting equipment)
  • Wind power
  • Aerospace
  • Marine

On the basis of Region:

  • Asia-Pacific
  • Western Europe
  • North America
  • Central & Eastern Europe
  • Middle East & Africa
  • South America

The market is further analyzed according to key countries in each of these regions.

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for this report:

Product Analysis

  • A product matrix that provides a detailed comparison of the product portfolios of each company

Regional Analysis

  • Further breakdown of the epoxy resin market in the rest of Asia-Pacific into Australia, New Zealand, and others

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Stakeholders
    1.7 Limitations

2 Research Methodology (Page No. - 19)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Key Data From Primary Sources
           2.3.2 Key Industry Insights
           2.3.3 Breakdown of Primary Interviews
    2.4 Market Size Estimation
    2.5 Data Triangulation
    2.6 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities for Market Players
    4.2 Epoxy Resin Market Growth, By Physical Form (2016-2021)
    4.3 Market in Asia-Pacific, 2015
    4.4 Epoxy Resin Market Share, By Region
    4.5 Epoxy Resin Market Size, Top-5 Countries, 2016 vs 2021
    4.6 Epoxy Resin Market Attractiveness, By Application
    4.7 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Physical Form
           5.2.2 By Application
           5.2.3 By End-Use Industry
           5.2.4 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 High Growth in End-Use Industries
                    5.3.1.2 Increasing Use of Composites
                    5.3.1.3 Emergent Demand From Developing Countries
                    5.3.1.4 Need for Revolutionary Advancements in Weight Reduction, Safety, and Ease-Of-Application
           5.3.2 Restraints
                    5.3.2.1 Volatility in Raw Material Prices
           5.3.3 Opportunities
                    5.3.3.1 Emergence of Need for Lightweight and Fuel-Efficient Vehicles
           5.3.4 Challenges
                    5.3.4.1 Stringent Regulatory Approvals Required for Production
                    5.3.4.2 Limited Market Opportunities in Developed Countries

6 Industry Trends (Page No. - 47)
    6.1 Introduction
    6.2 Value-Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Intensity of Competitive Rivalry
           6.3.2 Bargaining Power of Buyers
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Threat of Substitutes
           6.3.5 Threat of New Entrants
    6.4 Cost Analysis

7 Epoxy Resin Market, By Physical Form (Page No. - 54)
    7.1 Introduction
    7.2 Solid Epoxy Resin
    7.3 Liquid Epoxy Resins
    7.4 Solution Epoxy Resin

8 Epoxy Resin Market, By Application (Page No. - 60)
    8.1 Introduction
           8.1.1 Paints & Coatings
           8.1.2 Adhesives & Sealants
           8.1.3 Composites
           8.1.4 Others

9 Epoxy Resin Market, By End-Use Industry (Page No. - 67)
    9.1 Introduction
    9.2 Building & Construction
    9.3 Automotive, Large & Heavy Vehicles & Railroads
    9.4 General Industrial
    9.5 Consumer Goods
    9.6 Wind Power
    9.7 Aerospace
    9.8 Marine

10 Epoxy Resin Market, By Region (Page No. - 77)
     10.1 Introduction
     10.2 Asia-Pacific
             10.2.1 Market Size, By Physical Form
             10.2.2 Market Size, By Application
             10.2.3 Market Size, By End-Use Industry
             10.2.4 Market Size, By Country
                        10.2.4.1 China
                        10.2.4.2 Japan
                        10.2.4.3 South Korea
                        10.2.4.4 Taiwan
                        10.2.4.5 India
                        10.2.4.6 Indonesia
     10.3 North America
             10.3.1 Market Size, By Physical Form
             10.3.2 Market Size, By Application
             10.3.3 Market Size, By End-Use Industry
             10.3.4 Market Size, By Country
                        10.3.4.1 U.S.
                        10.3.4.2 Canada
                        10.3.4.3 Mexico
     10.4 Western Europe
             10.4.1 Market Size, By Physical Form
             10.4.2 Market Size, By Application
             10.4.3 Market Size, By End-Use Industry
             10.4.4 Market Size, By Country
                        10.4.4.1 Germany
                        10.4.4.2 Italy
                        10.4.4.3 France
                        10.4.4.4 U.K.
                        10.4.4.5 Spain
                        10.4.4.6 Belgium
     10.5 Middle East & Africa
             10.5.1 Market Size, By Physical Form
             10.5.2 Market Size, By Application
             10.5.3 Market Size, By End-Use Industry
             10.5.4 Market Size, By Country
                        10.5.4.1 Turkey
                        10.5.4.2 Saudi Arabia
                        10.5.4.3 U.A.E
                        10.5.4.4 South Africa
     10.6 Central & Eastern Europe
             10.6.1 Market Size, By Physical Form
             10.6.2 Market Size, By Application
             10.6.3 Market Size, By End-Use Industry
             10.6.4 Market Size, By Country
                        10.6.4.1 Russia
                        10.6.4.2 Poland
     10.7 South America
             10.7.1 Market Size, By Physical Form
             10.7.2 Market Size, By Application
             10.7.3 Market Size, By End-Use Industry
             10.7.4 Market Size, By Country
                        10.7.4.1 Brazil

11 Competitive Landscape (Page No. - 129)
     11.1 Overview
     11.2 Market Share Analysis, By Revenue, in 2015
     11.3 Competitive Situations and Trends
     11.4 New Product Launches
     11.5 Investments & Expansions
     11.6 Mergers & Acquisitions
     11.7 Agreements & Partnerships

12 Company Profiles (Page No. - 135)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     12.1 Olin Corporation
     12.2 Nan Ya Plastics Corporation
     12.3 Hexion Inc.
     12.4 Kukdo Chemical Co. Ltd.
     12.5 Huntsman Corporation
     12.6 Chang Chun Plastics Co. Ltd.
     12.7 Aditya Birla Chemicals
     12.8 The 3M Company
     12.9 BASF SE
     12.10 Sinopec Corporation

*Details Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 173)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Introducing RT: Real Time Market Intelligence
     13.4 Knowledge Store: Marketsandmarkets Subscription Portal
     13.5 Related Reports


List of Tables (134 Tables)

Table 1 Epoxy Resin Market to Register High Growth Between 2016 and 2021
Table 2 Recent Epoxy Resin Patents (2010–2016)
Table 3 Epoxy Resin Market Size, By Physical Form, 2014–2021 (USD Million)
Table 4 Epoxy Resin Market Size, By Physical Form, 2014–2021 (Kiloton)
Table 5 Solid Market Size, By Region, 2014–2021 (USD Million)
Table 6 Solid Epoxy Resin Market Size, By Region, 2014–2021 (Kiloton)
Table 7 Liquid Market Size, By Region, 2014–2021 (USD Million)
Table 8 Liquid Epoxy Resin Market Size, By Region, 2016–2021 (Kiloton)
Table 9 Solution Market Size, By Region, 2014–2021 (USD Million)
Table 10 Solution Epoxy Resin Market Size, By Region, 2016–2021 (Kiloton)
Table 11 Market Size, By Application, 2014–2021 (USD Million)
Table 12 Epoxy Resin Market Size, By Application, 2016–2021 (Kiloton)
Table 13 Market Size in Paints & Coatings Application, By Region, 2014–2021 (USD Million)
Table 14 Market Size in Paints & Coatings Application, By Region, 2014–2021 (Kiloton)
Table 15 Market Size in Adhesives & Sealants Application, By Region, 2014–2021 (USD Million)
Table 16 Market Size in Adhesives & Sealants Application, By Region, 2014–2021 (Kiloton)
Table 17 Market Size in Composites Application, By Region, 2014–2021 (USD Million)
Table 18 Epoxy Resin Market Size in Composites Application, By Region, 2014–2021 (Kiloton)
Table 19 Market Size in Other Applications, By Region, 2014–2021 (USD Million)
Table 20 Market Size in Other Applications, By Region, 2014–2021 (Kiloton)
Table 21 Market Size, By End-Use Industry, 201-2021 (USD Million)
Table 22 Epoxy Resin Market Size, By End-Use Industry, 201-2021 (Kiloton)
Table 23 Market Size in Building & Construction End-Use Industry, By Region, 201–2021 (USD Million)
Table 24 Market Size in Building & Construction End-Use Industry, By Region, 201–2021 (Kiloton)
Table 25 Market Size in Automotive, Large & Heavy Vehicles & Railroads End-Use Industry, By Region, 2014–2021 (USD Million)
Table 26 Market Size in Automotive, Large & Heavy Vehicles & Railroads End-Use Industry, By Region, 2014–2021 (Kiloton)
Table 27 Epoxy Resin Market Size in General Industrial End-Use Industry, By Region, 2014–2021 (USD Million)
Table 28 Market Size in General Industrial End-Use Industry, By Region, 2014–2021 (Kiloton)
Table 29 Market Size in Consumer Goods End-Use Industry, By Region, 2014–2021 (USD Million)
Table 30 Epoxy Resin Market Size in Consumer Goods End-Use Industry, By Region, 2014–2021 (Kiloton)
Table 31 Epoxy Resin Market Size in Wind Power End-Use Industry, By Region, 2014–2021 (USD Million)
Table 32 Market Size in Wind Power End-Use Industry, By Region, 2014–2021 (Kiloton)
Table 33 Market Size in Aerospace End-Use Industry, By Region, 2014–2021 (USD Million)
Table 34 Epoxy Resin Market Size in Aerospace End-Use Industry, By Region, 2014–2021 (Kiloton)
Table 35 Market Size in Marine End-Use Industry, By Region, 2014–2021 (USD Million)
Table 36 Epoxy Resin Market Size in Marine End-Use Industry, By Region, 2014–2021 (Kiloton)
Table 37 Market Size, By Region, 2016–2021 (USD Million)
Table 38 Market Size, By Region, 2016–2021 (Kiloton)
Table 39 Asia-Pacific: Epoxy Resin Market Size, By Country, 2016–2021 (USD Million)
Table 40 Asia-Pacific: Market Size, By Country, 2016–2021 (Kiloton)
Table 41 Asia-Pacific: Market Size, By Physical Form, 2016–2021 (USD Million)
Table 42 Asia-Pacific: Market Size, By Physical Form, 2016–2021 (Kiloton)
Table 43 Asia-Pacific: Epoxy Resin Market Size, By Application, 2016–2021 (USD Million)
Table 44 Asia-Pacific: Market Size, By Application, 2016–2021 (Kiloton)
Table 45 Asia-Pacific: Market Size, By End-Use Industry 2016–2021 (USD Million)
Table 46 Asia-Pacific: Market Size, By End-Use Industry, 2016–2021 (Kiloton)
Table 47 China: Epoxy Resin Market Size, 2016–2021, By End-Use Industry (USD Million)
Table 48 China: Market Size, 2016–2021, By End-Use Industry (Kiloton)
Table 49 Japan: Market Size, By End-Use Industry (USD Million)
Table 50 Japan: Market Size, By End-Use Industry (Kiloton)
Table 51 South Korea: Market Size, By End-Use Industry (USD Million)
Table 52 South Korea: Market Size, By End-Use Industry (Kiloton)
Table 53 Taiwan: Market Size, By End-Use Industry (USD Million)
Table 54 Taiwan: Market Size, By End-Use Industry (Kiloton)
Table 55 India: Epoxy Resin Market Size, By End-Use Industry (USD Million)
Table 56 India: Market Size, By End-Use Industry (Kiloton)
Table 57 Indonesia: Market Size, By End-Use Industry (USD Million)
Table 58 Indonesia: Market Size, By End-Use Industry (Kiloton)
Table 59 North America: Market Size, By Country, 2016–2021 (USD Million)
Table 60 North America: Market Size, By Country, 2013–2020 (Kiloton)
Table 61 North America: Epoxy Resin Market Size, By Physical Form, 2016–2021 (USD Million)
Table 62 North America: Market Size, By Physical Form, 2016–2021 (Kiloton)
Table 63 North America: Market Size, By Application, 2016–2021 (USD Million)
Table 64 North America: Market Size, By Application, 2016–2021 (Kiloton)
Table 65 North America: Epoxy Resin Market Size, By End-Use Industry 2016–2021 (USD Million)
Table 66 North America: Market Size, By End-Use Industry, 2016–2021 (Kiloton)
Table 67 U.S.: Market Size, By End-Use Industry (USD Million)
Table 68 U.S.: Market Size, By End-Use Industry (Kiloton)
Table 69 Canada: Market Size, By End-Use Industry (USD Million)
Table 70 Canada: Market Size, By End-Use Industry (Kiloton)
Table 71 Mexico: Market Size, By End-Use Industry (USD Million)
Table 72 Mexico: Market Size, By End-Use Industry (Kiloton)
Table 73 Western Europe: Epoxy Resin Market Size, By Country, 2014–2021 (USD Million)
Table 74 Western Europe: Market Size, By Country, 2016–2021 (Kiloton)
Table 75 Western Europe: Market Size, By Physical Form, 2016–2021 (USD Million)
Table 76 Western Europe: Market Size, By Physical Form, 2016–2021 (Kiloton)
Table 77 Western Europe: Epoxy Resin Market Size, By Application, 2016–2021 (USD Million)
Table 78 Western Europe: Market Size, By Application, 2016–2021 (Kiloton)
Table 79 Western Europe: Market Size, By End-Use Industry 2016–2021 (USD Million)
Table 80 Western Europe: Market Size, By End-Use Industry, 2016–2021 (Kiloton)
Table 81 Germany: Market Size, By End-Use Industry (USD Million)
Table 82 Germany: Market Size, By End-Use Industry (Kiloton)
Table 83 Italy: Epoxy Resin Market Size, By End-Use Industry (USD Million)
Table 84 Italy: Market Size, By End-Use Industry (Kiloton)
Table 85 France: Market Size, By End-Use Industry (USD Million)
Table 86 France: Market Size, By End-Use Industry (Kiloton)
Table 87 U.K.: Market Size, By End-Use Industry (USD Million)
Table 88 U.K.: Market Size, By End-Use Industry (Kiloton)
Table 89 Spain: Epoxy Resin Market Size, By End-Use Industry (USD Million)
Table 90 Spain: Market Size, By End-Use Industry (Kiloton)
Table 91 Belgium: Epoxy Resin Market Size, By End-Use Industry (USD Million)
Table 92 Belgium: Market Size, By End-Use Industry (Kiloton)
Table 93 Middle East & Africa: Epoxy Resin Market Size, By Country, 2016–2021 (USD Million)
Table 94 Middle East & Africa: Market Size, By Country, 2016–2021 (Kiloton)
Table 95 Middle East & Africa: Market Size, By Physical Form, 2016–2021 (USD Million)
Table 96 Middle East & Africa: Market Size, By Physical Form, 2016–2021 (Kiloton)
Table 97 Middle East & Africa: Epoxy Resin Market Size, By Application, 2016–2021 (USD Million)
Table 98 Middle East & Africa: Market Size, By Application, 2016–2021 (Kiloton)
Table 99 Middle East & Africa: Market Size, By End-Use Industry 2016–2021 (USD Million)
Table 100 Middle East & Africa: Market Size, By End-Use Industry, 2016–2021 (Kiloton)
Table 101 Turkey: Epoxy Resin Market Size, By End-Use Industry (USD Million)
Table 102 Turkey: Market Size, By End-Use Industry (Kiloton)
Table 103 Saudi Arabia: Market Size, By End-Use Industry (USD Million)
Table 104 Saudi Arabia: Market Size, By End-Use Industry (Kiloton)
Table 105 U.A.E.: Epoxy Resin Market Size, By End-Use Industry (USD Million)
Table 106 U.A.E.: Market Size, By End-Use Industry (Kiloton)
Table 107 South Africa: Epoxy Resin Market Size, By End-Use Industry (USD Million)
Table 108 South Africa: Market Size, By End-Use Industry (Kiloton)
Table 109 Central & Eastern Europe: Market Size, By Country, 2016–2021 (USD Million)
Table 110 Central & Eastern Europe: Epoxy Resin Market Size, By Country, 2016–2021 (Kiloton)
Table 111 Central & Eastern Europe: Market Size, By Physical Form, 2016–2021 (USD Million)
Table 112 Central & Eastern Europe: Market Size, By Physical Form, 2016–2021 (Kiloton)
Table 113 Central & Eastern Europe: Market Size, By Application, 2016–2021 (USD Million)
Table 114 Central & Eastern Europe: Market Size, By Application, 2016–2021 (Kiloton)
Table 115 Central & Eastern Europe: Epoxy Resin Market Size, By End-Use Industry 2016–2021 (USD Million)
Table 116 Central & Eastern Europe: Market Size, By End-Use Industry, 2016–2021 (Kiloton)
Table 117 Russia: Market Size, By End-Use Industry (USD Million)
Table 118 Russia: Epoxy Resin Market Size, By End-Use Industry (Kiloton)
Table 119 Poland: Market Size, By End-Use Industry (USD Million)
Table 120 Poland: Market Size, By End-Use Industry (Kiloton)
Table 121 South America: Epoxy Resin Market Size, By Country, 2016–2021 (USD Million)
Table 122 South America: Market Size, By Country, 2016–2021 (Kiloton)
Table 123 South America: Market Size, By Physical Form, 2016–2021 (USD Million)
Table 124 South America: Epoxy Resin Market Size, By Physical Form, 2016–2021 (Kiloton)
Table 125 South America: Market Size, By Application, 2016–2021 (USD Million)
Table 126 South America: Market Size, By Application, 2016–2021 (Kiloton)
Table 127 South America: Market Size, By End-Use Industry 2016–2021 (USD Million)
Table 128 South America: Market Size, By End-Use Industry, 2016–2021 (Kiloton)
Table 129 Brazil: Epoxy Resin Market Size, By End-Use Industry 2016–2021 (USD Million)
Table 130 Brazil: Epoxy Resin Market Size, By End-Use Industry, 2016–2021 (Kiloton)
Table 131 New Product Launches, 2011–2016
Table 132 Investments & Expansions, 2011–2016
Table 133 Mergers & Acquisitions, 2011–2016
Table 134 Agreements & Partnerships, 2011–2016


List of Figures (42 Figures)

Figure 1 Market Segmentation
Figure 2 Epoxy Resins Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Research Methodology: Data Triangulation
Figure 6 Liquid Epoxy Resin to Have Largest Share in Epoxy Resin Market Between 2016 and 2021
Figure 7 Building & Construction is Expected to Be the Largest End-Use Industry Between 2016 and 2021
Figure 8 Asia-Pacific Dominated Market in 2015
Figure 9 Increase in the Use of Composites to Drive Market
Figure 10 Solid Epoxy Resin Segment to Witness Highest Growth in Epoxy Resin Market
Figure 11 Paints & Coatings Accounted for Largest Share of Epoxy Resin Market in 2015
Figure 12 China Dominated Epoxy Resin Market in 2015
Figure 13 China Had the Largest Share in the Global Market
Figure 14 Composites to Be Most Attractive Market Between 2016 and 2021
Figure 15 Market in Asia-Pacific to Grow Rapidly During Forecast Period
Figure 16 Epoxy Resin Market, By Region
Figure 17 Epoxy Resin Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Oil Price Fluctuation
Figure 19 Epoxy Resin Value-Chain Analysis
Figure 20 Porter’s Five Forces Analysis
Figure 21 Liquid Epoxy Resins to Dominate Epoxy Resin Market Between 2016 and 2021
Figure 22 Composites is Expected to Be the Fastest-Growing Application Segment for Epoxy Resins
Figure 23 Aerospace Segment to Be the Fastest-Growing Epoxy Resin Market During Forecast Period
Figure 24 Asia-Pacific Market Projected to Witness the Highest Growth During Forecast Period
Figure 25 Asia-Pacific: the Largest Market for Epoxy Resin in 2015
Figure 26 Asia-Pacific Market Snapshot: Potential Market for Epoxy Resin Manufacturers
Figure 27 North America Market Snapshot: Demand Will Be Driven By Paints & Coatings Application
Figure 28 Western Europe: Automotive, Large & Heavy Vehicles and Railroads Sector to Drive the Epoxy Resin Market
Figure 29 Companies Adopted Investment & Expansion as the Key Growth Strategy From 2011 to 2016
Figure 30 Investment and Expansion: the Key Growth Strategy Adopted By Major Players, 2011–2016
Figure 31 Olin Corporation: Company Snapshot
Figure 32 Olin Corporation: SWOT Analysis
Figure 33 Nan Ya Plastics Corporation: Company Snapshot
Figure 34 Nan Ya Plastic Corporation: SWOT Analysis
Figure 35 Hexion Inc.: Company Snapshot
Figure 36 Hexion Inc.: SWOT Analysis
Figure 37 Huntsman Corporation: Company Snapshot
Figure 38 Huntsman Corporation: SWOT Analysis
Figure 39 The 3M Company: Company Snapshot
Figure 40 BASF SE: Company Snapshot
Figure 41 BASF SE: SWOT Analysis
Figure 42 Sinopec Corporation: Company Snapshot

The global epoxy resin market size is projected to reach USD 8.77 Billion by 2021 from the estimated USD 6.31 Billion in 2015, registering a CAGR of 5.77% between 2016 and 2021. The key drivers of the market are increasing penetration of composites, emerging demand from developing countries, and revolutionary advancements in weight reduction and safety.

Solid epoxy resin is the fastest-growing segment in the overall epoxy resin market due to its increasing use in powder coating applications. The liquid epoxy resin segment accounts for the largest share of the overall market due to its wide range of applications.

Paints & coatings, adhesives & sealants, and composites are the major application segments of epoxy resins. Epoxy resins are widely used in paints & coatings application for its mechanical and protective properties. The epoxy resin market in the composites application segment is witnessing the highest growth.

Building & construction, automotive, large & heavy vehicles & railroads, general industrial, consumer goods, wind power, aerospace/aircraft, and marine are the end-use industries considered in this report. The building & construction industry is the largest consumer of epoxy resins. The dominance of the market by this end-use industry is attributed to the increasing investment in this sector. The aerospace sector is the fastest-growing end-use industry for epoxy resin. Infrastructural investment is growing in this industry, offering high growth prospects for the epoxy resin market.

Asia-Pacific is the largest market for epoxy resin, followed by North America and Western Europe. The market in Asia-Pacific is estimated to record the highest CAGR during the forecast period. Most of the emerging economies are located in this region. Increasing industrialization and growing infrastructural development makes it an attractive market.

Epoxy Resin Market

The key players in this market are Olin Corporation (U.S.), Nan Ya Plastics Corporation (Taiwan), Huntsman Corporation (U.S.), Hexion Inc. (U.S.), Kukdo Chemical Co. Ltd. (South Korea), Chang Chung Plastics Co. Ltd. (Taiwan), Aditya Birla Chemicals (Thailand), the 3M Company (U.S.), BASF SE (Germany), and Sinopec Corporation (China Olin Corporation (U.S.). These companies are expanding their epoxy resin business through innovations in products and increasing their market reach.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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