LATIN AMERICA EPOXY RESINS MARKET 2021-2028

Chemicals & Materials | Specialty Chemicals

LATIN AMERICA EPOXY RESINS MARKET 2021-2028

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

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According to Triton, the market for epoxy resins in Latin America is likely to proliferate with a CAGR of 5.59% in the forecast duration from 2021 to 2028.


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The countries examined in this report include:

•           Brazil

•           Mexico

•           Rest of Latin America countries

Brazil is one of the most promising emerging economies in the world. It is also home to one of the biggest automobile markets globally. Considering the number of new car registrations, Brazil is the world’s sixth-largest car market. In 2017, the domestic market accounted for a staggering $60 billion, and is expected to continue its growth in the coming years. Besides, it is also anticipated to be among the top ten nations in the world in terms of the online automotive aftermarket and part sales, by the year 2022. The tremendous progress of the Brazilian automotive market is expected to boost the demand for epoxy resins in the country, and, in turn, fuel the epoxy resins market’s growth.

Countries in the Rest of Latin America region, such as Colombia, Argentina, and Chile, among others, are contributing significantly to the growth of the epoxy resins market. The construction and automobile industries in these nations have progressed immensely, which is aiding the adoption of epoxy resins in the region. The Government of Argentina has proposed trade and investment-friendly policies, as part of its new liberalization agenda. This is expected to support the growth of the Argentinian economy in the medium and long term.

The development finance institution of the United States’ government, called Overseas Private Investment Corporation (OPIC), granted funding of $400 million for the repair and expansion of the Corredor C Toll Road, a vital trade route for Argentina. Such growing investments in construction and infrastructure development are expected to raise the demand for epoxy resins. This, in turn, will enhance the growth of the studied market in Rest of Latin America in the years to come.

Founded in 1865, BASF is a leading, globally renowned chemical company. It manufactures a wide range of chemicals, plastics, dyes, and petrochemicals. Some of the company’s aromatic resins and epoxy acrylates include Laromer® EA 8765 R, Laromer® EA 9082, Laromer® EA 9082 MB, Laromer® EA 9097, and Laromer® EA 9101. The BASF Group has a business presence in over 80 countries across the globe, through its subsidiaries and joint ventures. The company has a strong commitment towards research and development.

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Table of Content

1.    LATIN AMERICA 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 – LATIN AMERICA

6.1. BRAZIL

6.2. MEXICO

6.3. REST OF LATIN AMERICA

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

TABLE 2: VENDOR SCORECARD        

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

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

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

TABLE 6: LATIN AMERICA EPOXY RESINS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)            

List of Figures

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

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS     

FIGURE 3: MARKET ATTRACTIVENESS INDEX       

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 20: BRAZIL EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)         

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

FIGURE 22: REST OF LATIN AMERICA EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)            

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