GLOBAL EPOXY RESINS MARKET 2021-2028

Chemicals & Materials | Specialty Chemicals

GLOBAL EPOXY RESINS MARKET 2021-2028

Market by Application, Raw Material, Component, and Geography | Forecast 2021-2028

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After a detailed analysis, Triton Market Research has concluded that the epoxy resins market is expected to display an upward trend, and has estimated it to grow at a CAGR of 5.04% in terms of revenue over the forecast period of 2021 to 2028. The industry generated $6065.41 million in 2020, and is expected to account for a revenue of $10470.83 million by 2028.


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Epoxy resins are increasingly used for various applications, because of their different properties like adhesion, viscosity, and hardness, among others. The degree of properties varies for different epoxy resins, and thus, this can provide flexibility in terms of its applications. An epoxy resin can be created by mixing a liquid resin with a suitable hardener. The type of components used may depend on the purpose of the end product.

Within this report from Triton on the epoxy resins market, the market scope and key insights regarding the industry have been discussed. Also, the market attractiveness matrix, vendor scorecard, impact of Coronavirus on the industry, and Porter’s five forces analysis are studied for the epoxy resins industry.

Market drivers like strong demand for epoxy resins in the aerospace industry, growing demand for paints & coatings, and enhanced research & development in epoxy resin technology are boosting the growth of the market. The industry is facing restraints like fluctuating raw material prices, health hazards, and the emergence of alternatives.

Key opportunities like the growth in the adoption of modified resins, the growing wind energy market, and a rise in the use of natural raw materials for epoxy resin production can be leveraged by the industry to reach the projected growth.



Geographies covered for the global epoxy resins market:

•           North America: United States and Canada

•           Europe: United Kingdom, Germany, France, Italy, Spain, Russia, and Rest of Europe

•           Asia-Pacific: China, Japan, India, South Korea, ASEAN countries, Australia & New Zealand, and Rest of Asia-Pacific

•           Latin America: Brazil, Mexico, and Rest of Latin America

•           Middle East and Africa: United Arab Emirates, Turkey, Saudi Arabia, South Africa, and Rest of Middle East & Africa

The epoxy resins market is segmented according to application, raw material, and component.

•           Market by Application:

o          Paints & Coatings

o          Electrical & Electronics

o          Construction

o          Adhesives

o          Wind Turbine

o          Composites

o          Other Applications

•           Market by Raw Material:

o          DGBEA (Bisphenol A & ECH)

o          DGBEF (Bisphenol F & ECH)

o          Novolac (Formaldehyde & Phenols)

o          Aliphatic (Aliphatic Alcohols)

o          Glycidylamine (Aromatic Amines & ECH)

o          Other Raw Materials

•           Market by Component:

o          Epoxies

o          Hardeners

Some of the prominent players in the epoxy resins market are Aditya Birla Chemicals Ltd, Dow Chemicals, Chang Chun Plastics Co Ltd, 3M Company, Cytec Industries Incorporation (Solvay), Clariant AG, Jubail Chemical Industries Company Limited, DuPont, BASF, Huntsman Corporation, Momentive Performance Materials Holdings LLC, Nan Ya Plastics, Kukdo Chemical Co Ltd, and Sinopec Baling Co.

The strategic analysis for each of these companies in the epoxy resins market is covered in detail. Company profiles help dive into the information about the key market players in this industry and how much of a hold they have on the market. The immense growth opportunities are attracting new companies to rush into this market, which will accelerate the degree of competition among them.

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Table of Content

1.    GLOBAL EPOXY RESINS MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET SCOPE

2.2. KEY INSIGHTS

2.2.1. EPOXIES ARE THE LARGEST COMPONENT OF THE EPOXY RESINS MARKET

2.2.2. NOVOLAC (FORMALDEHYDE & PHENOLS) IS THE FASTEST-GROWING RAW MATERIAL OF THE EPOXY RESINS MARKET

2.2.3. PAINTS & COATINGS IS THE LARGEST APPLICATION IN THE EPOXY RESINS MARKET

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS

2.3.5. INTENSITY OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. MARKET DRIVERS

2.6.1. STRONG DEMAND FOR EPOXY RESINS IN THE AEROSPACE INDUSTRY

2.6.2. DEMAND FOR PAINTS AND COATINGS

2.6.3. R&D IN THE EPOXY RESIN TECHNOLOGY

2.7. MARKET RESTRAINTS

2.7.1. FLUCTUATING RAW MATERIAL PRICES

2.7.2. HEALTH HAZARDS ASSOCIATED WITH BPA-BASED PRODUCTS

2.7.3. EMERGENCE OF ALTERNATIVES

2.8. MARKET OPPORTUNITIES

2.8.1. GROWTH IN ADOPTION OF MODIFIED RESINS

2.8.2. GROWING WIND ENERGY MARKET

2.8.3. USE OF NATURAL RAW MATERIALS FOR EPOXY RESINS PRODUCTION

2.9. KEY STRATEGIC DEVELOPMENTS

2.10. KEY STRATEGIC DEVELOPMENTS

2.10.1. CONTRACTS & PARTNERSHIPS

2.10.2. BUSINESS EXPANSIONS & DIVESTITURES

2.10.3. ACQUISITIONS & MERGERS

2.10.4. NEW PRODUCT LAUNCHES

2.11. IMPACT OF CORONAVIRUS ON THE INDUSTRY

3.    EPOXY RESINS MARKET OUTLOOK - BY APPLICATION

3.1. PAINTS & COATINGS

3.2. ELECTRICAL & ELECTRONICS

3.3. CONSTRUCTION

3.4. ADHESIVES

3.5. WIND TURBINE

3.6. COMPOSITES

3.7. OTHER APPLICATIONS

4.    EPOXY RESINS MARKET OUTLOOK - BY RAW MATERIAL

4.1. DGBEA (BISPHENOL A & ECH)

4.2. DGBEF (BISPHENOL F & ECH)

4.3. NOVOLAC (FORMALDEHYDE & PHENOLS)

4.4. ALIPHATIC (ALIPHATIC ALCOHOLS)

4.5. GLYCIDYLAMINE (AROMATIC AMINES & ECH)

4.6. OTHER RAW MATERIAL

5.    EPOXY RESINS MARKET OUTLOOK - BY COMPONENT

5.1. EPOXIES

5.2. HARDENERS

6.    EPOXY RESINS MARKET – REGIONAL OUTLOOK

6.1. NORTH AMERICA

6.1.1. MARKET BY APPLICATION

6.1.2. MARKET BY RAW MATERIAL

6.1.3. MARKET BY COMPONENT

6.1.4. COUNTRY ANALYSIS

6.1.4.1. THE UNITED STATES

6.1.4.2. CANADA

6.2. EUROPE

6.2.1. MARKET BY APPLICATION

6.2.2. MARKET BY RAW MATERIAL

6.2.3. MARKET BY COMPONENT

6.2.4. COUNTRY ANALYSIS

6.2.4.1. THE UNITED KINGDOM

6.2.4.2. GERMANY

6.2.4.3. FRANCE

6.2.4.4. SPAIN

6.2.4.5. ITALY

6.2.4.6. RUSSIA

6.2.4.7. REST OF EUROPE

6.3. ASIA-PACIFIC

6.3.1. MARKET BY APPLICATION

6.3.2. MARKET BY RAW MATERIAL

6.3.3. MARKET BY COMPONENT

6.3.4. COUNTRY ANALYSIS

6.3.4.1. CHINA

6.3.4.2. JAPAN

6.3.4.3. INDIA

6.3.4.4. SOUTH KOREA

6.3.4.5. ASEAN COUNTRIES

6.3.4.6. AUSTRALIA & NEW ZEALAND

6.3.4.7. REST OF ASIA-PACIFIC

6.4. LATIN AMERICA

6.4.1. MARKET BY APPLICATION

6.4.2. MARKET BY RAW MATERIAL

6.4.3. MARKET BY COMPONENT

6.4.4. COUNTRY ANALYSIS

6.4.4.1. BRAZIL

6.4.4.2. MEXICO

6.4.4.3. REST OF LATIN AMERICA

6.5. MIDDLE EAST AND AFRICA

6.5.1. MARKET BY APPLICATION

6.5.2. MARKET BY RAW MATERIAL

6.5.3. MARKET BY COMPONENT

6.5.4. COUNTRY ANALYSIS

6.5.4.1. THE UNITED ARAB EMIRATES

6.5.4.2. TURKEY

6.5.4.3. SAUDI ARABIA

6.5.4.4. SOUTH AFRICA

6.5.4.5. REST OF MIDDLE EAST & AFRICA

7.    COMPETITIVE LANDSCAPE

7.1. 3M COMPANY

7.2. ADITYA BIRLA CHEMICALS LTD

7.3. BASF

7.4. CHANG CHUN PLASTICS CO LTD

7.5. CYTEC INDUSTRIES INCORPORATION (SOLVAY)

7.6. DUPONT

7.7. HUNTSMAN CORPORATION

7.8. JUBAIL CHEMICAL INDUSTRIES COMPANY LIMITED

7.9. KUKDO CHEMICAL CO LTD

7.10. MOMENTIVE PERFORMANCE MATERIALS HOLDINGS LLC

7.11. SINOPEC BALING CO

7.12. DOW CHEMICALS

7.13. NAN YA PLASTICS

7.14. CLARIANT AG

8.    RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY   

List of Tables

TABLE 1: GLOBAL EPOXY RESINS MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD        

TABLE 3: GLOBAL EPOXY RESINS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 4: GLOBAL EPOXY RESINS MARKET, BY RAW MATERIAL, 2021-2028 (IN $ MILLION)           

TABLE 5: GLOBAL EPOXY RESINS MARKET, BY COMPONENT, 2021-2028 (IN $ MILLION)

TABLE 6: GLOBAL EPOXY RESINS MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)

TABLE 7: NORTH AMERICA EPOXY RESINS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)      

TABLE 8: NORTH AMERICA EPOXY RESINS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)      

TABLE 9: NORTH AMERICA EPOXY RESINS MARKET, BY RAW MATERIAL, 2021-2028 (IN $ MILLION)

TABLE 10: NORTH AMERICA EPOXY RESINS MARKET, BY COMPONENT, 2021-2028 (IN $ MILLION)      

TABLE 11: EUROPE EPOXY RESINS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)   

TABLE 12: EUROPE EPOXY RESINS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)           

TABLE 13: EUROPE EPOXY RESINS MARKET, BY RAW MATERIAL, 2021-2028 (IN $ MILLION)           

TABLE 14: EUROPE EPOXY RESINS MARKET, BY COMPONENT, 2021-2028 (IN $ MILLION)           

TABLE 15: ASIA-PACIFIC EPOXY RESINS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)           

TABLE 16: ASIA-PACIFIC EPOXY RESINS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)      

TABLE 17: ASIA-PACIFIC EPOXY RESINS MARKET, BY RAW MATERIAL, 2021-2028 (IN $ MILLION)      

TABLE 18: ASIA-PACIFIC EPOXY RESINS MARKET, BY COMPONENT, 2021-2028 (IN $ MILLION)      

TABLE 19: LATIN AMERICA EPOXY RESINS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)      

TABLE 20: LATIN AMERICA EPOXY RESINS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)      

TABLE 21: LATIN AMERICA EPOXY RESINS MARKET, BY RAW MATERIAL, 2021-2028 (IN $ MILLION)

TABLE 22: LATIN AMERICA EPOXY RESINS MARKET, BY COMPONENT, 2021-2028 (IN $ MILLION)      

TABLE 23: MIDDLE EAST AND AFRICA EPOXY RESINS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)        

TABLE 24: MIDDLE EAST AND AFRICA EPOXY RESINS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)          

TABLE 25: MIDDLE EAST AND AFRICA EPOXY RESINS MARKET, BY RAW MATERIAL, 2021-2028 (IN $ MILLION)          

TABLE 26: MIDDLE EAST AND AFRICA EPOXY RESINS MARKET, BY COMPONENT 2021-2028 (IN $ MILLION)         

List of Figures

FIGURE 1: GLOBAL EPOXY RESINS MARKET, BY APPLICATION, 2020 & 2028 (IN %)         

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS     

FIGURE 3: MARKET ATTRACTIVENESS INDEX       

FIGURE 4: GLOBAL EPOXY RESINS MARKET, BY PAINTS & COATINGS, 2021-2028 (IN $ MILLION)      

FIGURE 5: GLOBAL EPOXY RESINS MARKET, BY ELECTRICAL & ELECTRONICS, 2021-2028 (IN $ MILLION)        

FIGURE 6: GLOBAL EPOXY RESINS MARKET, BY CONSTRUCTION, 2021-2028 (IN $ MILLION)           

FIGURE 7: GLOBAL EPOXY RESINS MARKET, BY ADHESIVES, 2021-2028 (IN $ MILLION) 

FIGURE 8: GLOBAL EPOXY RESINS MARKET, BY WIND TURBINE, 2021-2028 (IN $ MILLION)           

FIGURE 9: GLOBAL EPOXY RESINS MARKET, BY COMPOSITES, 2021-2028 (IN $ MILLION)           

FIGURE 10: GLOBAL EPOXY RESINS MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)

FIGURE 11: GLOBAL EPOXY RESINS MARKET, BY DGBEA (BISPHENOL A & ECH), 2021-2028 (IN $ MILLION)        

FIGURE 12: GLOBAL EPOXY RESINS MARKET, BY DGBEF (BISPHENOL F & ECH), 2021-2028 (IN $ MILLION)        

FIGURE 13: GLOBAL EPOXY RESINS MARKET, BY NOVOLAC (FORMALDEHYDE & PHENOLS), 2021-2028 (IN $ MILLION) 

FIGURE 14: GLOBAL EPOXY RESINS MARKET, BY ALIPHATIC (ALIPHATIC ALCOHOLS), 2021-2028 (IN $ MILLION)          

FIGURE 15: GLOBAL EPOXY RESINS MARKET, BY GLYCIDYLAMINE (AROMATIC AMINES & ECH), 2021-2028 (IN $ MILLION)

FIGURE 16: GLOBAL EPOXY RESINS MARKET, BY OTHER RAW MATERIAL, 2021-2028 (IN $ MILLION)

FIGURE 17: GLOBAL EPOXY RESINS MARKET, BY EPOXIES, 2021-2028 (IN $ MILLION)    

FIGURE 18: GLOBAL EPOXY RESINS MARKET, BY HARDENERS, 2021-2028 (IN $ MILLION)           

FIGURE 19: GLOBAL EPOXY RESINS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)           

FIGURE 20: THE UNITED STATES EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)       

FIGURE 21: CANADA EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)       

FIGURE 22: THE UNITED KINGDOM EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)   

FIGURE 23: GERMANY EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)   

FIGURE 24: FRANCE EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)       

FIGURE 25: SPAIN EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)           

FIGURE 26: ITALY EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)

FIGURE 27: RUSSIA EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)        

FIGURE 28: REST OF EUROPE EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)

FIGURE 29: CHINA EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)           

FIGURE 30: JAPAN EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)          

FIGURE 31: INDIA EPOXY RESINS MARKET 2021-2028 (IN $ MILLION) 

FIGURE 32: SOUTH KOREA EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)      

FIGURE 33: ASEAN COUNTRIES EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)         

FIGURE 34: AUSTRALIA & NEW ZEALAND EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)           

FIGURE 35: REST OF ASIA-PACIFIC EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)   

FIGURE 36: BRAZIL EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)         

FIGURE 37: MEXICO EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)       

FIGURE 38: REST OF LATIN AMERICA EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)           

FIGURE 39: THE UNITED ARAB EMIRATES EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)      

FIGURE 40: TURKEY EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)       

FIGURE 41: SAUDI ARABIA EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)       

FIGURE 42: SOUTH AFRICA EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)     

FIGURE 43: REST OF MIDDLE EAST & AFRICA EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)       

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