Epoxy Resin Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

Format: Online | Last Updated: May 2021

[Online Quarterly Update] Global Epoxy Resin demand is projected to grow at a healthy CAGR of 6.32% during the forecast period 2030. In 2020, Global Epoxy Resin capacity stood at around 5.50 million tonnes and 42 percent of demand was emanated from Asia Pacific region. Epoxy resin is a thermosetting copolymer produced through polymerization of epoxide and other monomers containing hydroxyl group. Epoxy resins are of different types including diglycidyl ether bisphenol A (DGBEA) which is formed epichlorohydrin (ECH) with bisphenol A, diglycidyl ether bisphenol F (DGBEF), epoxyphenol novolac (EPN) which are produced by reacting epichlorohydrin with novolac, aliphatic epoxy resins which are formed by epoxidation of double bond, halogenated epoxy resins, and others. They have various properties such as corrosion resistance, high thermal stability, high mechanical strength, high chemical and environmental resistance, durability, adhesion etc. owing to these properties, epoxy resins find application in several areas including paints and coatings, adhesives, composites, electronic encapsulation, and others. Major end use industries for epoxy resins include building and construction, automotive, general industrial, consumer goods, wind power, aerospace, marine, and others. Increasing demand of light weight high performance materials from the construction and automotive sectors coupled with the increasing demand for high performance materials in the wind power and aerospace industry is expected to drive the demand for epoxy resins for the forecast period. Moreover, the increasing need for biodegradable polymers and stringent environmental regulations regarding bisphenol A are expected to hinder the demand growth during the forecast period. 
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries. Construction and automotive were among the most affected industries during the pandemic. This had an impact on the demand of epoxy resin for the first half of 2020. Therefore, the demand for epoxy resin fell during the coronavirus pandemic from the construction and automotive segments. 
Region wise, Asia pacific region holds the major share of global demand for epoxy resin due to increasing demand of application areas including construction and automotive. Moreover, increasing population and per capita income is another factor propelling demand growth in Asia Pacific.  
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study: 
•To assess the demand-supply scenario of epoxy resin which covers production, demand and supply of epoxy resin market globally.
•To analyse and forecast the market size of epoxy resin .
•To classify and forecast global epoxy resin market based on technology, end-use and regional distribution.
•To identify drivers and challenges for global epoxy resin market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global epoxy resin market.
•To identify and analyse the profile of leading players involved in the manufacturing of epoxy resin.
Major players for epoxy resin globally include Olin Corporation, Nan Ya Plastics Corporation, Huntsman Corporation, Hexion Inc, Kukdo Chemical Co. Ltd., Chang Chung Plastics Co. Ltd, Aditya Birla Chemicals the 3M Company, BASF SE, Sinopec Corporation, and Others.
To extract data for global epoxy resin market, primary research surveys were conducted with epoxy resin manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global epoxy resin market over the coming years. 
ChemAnalyst calculated epoxy resin demand globally by analyzing the historical data and demand forecast which was carried out considering imported epoxy resin, prices, materials used for production of epoxy resin . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
Key Target Audience:
• Epoxy resin manufacturers and other stakeholders
•Organizations, forums and alliances related to epoxy resin distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as epoxy resin manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, global epoxy resin market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market size volume in 2020
5.50 million tons
Growth Rate
CAGR of 6.32% from 2021 to 2030
Base year for estimation
Historic Data
2015 – 2019
Forecast period
2022 – 2030
Quantitative units
Demand in tons and CAGR from 2022 to 2030
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
   Segments covered
By Application: (Paints and Coatings, Adhesives, Composites, Electronic Encapsulation)
By Type: (Diglycidyl Ether Bisphenol A (DGBEA), Diglycidyl Ether Bisphenol F (DGBEF), Epoxy Phenol Novolac (EPN), Aliphatic Epoxy Resins, Halogenated Epoxy Resins)
By Sales Channel: (Direct Company Sale, Direct Import, Distributors & Traders, Retailers)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
Olin Corporation, Nan Ya Plastics Corporation, Huntsman Corporation, Hexion Inc, Kukdo Chemical Co. Ltd., Chang Chung Plastics Co. Ltd, Aditya Birla Chemicals the 3M Company, BASF SE, Sinopec Corporation, and Others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
Avail customized purchase options to meet your exact research needsExplore purchase options
Available Customizations:
With the given market data, Chemanalyst offers customizations according to a company’s specific needs. 
In case you don’t find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com

Frequently Asked Questions (FAQ):

Which are the major drivers for growth in demand of epoxy resin? 

Rise in the demand of lightweight materials from construction and automotive sector is the major driver for growth in the demand of epoxy resin.  

Which region holds the maximum demand share in the Global epoxy resin market as of 2020?

Asia Pacific holds the major demand share of epoxy resin due increasing demand of the lightweight materials from construction and automotive sector. Increasing population and per capita income in emerging economies like India and China is also an influencing factor supporting demand rise in Asia Pacific. 

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