Market by Application, Raw Material, Component, and Country | Forecast 2021-2028
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.
Report scope can be customized per your requirements. Request For Customization
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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VIEW REPORT1. 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
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)
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)