Market by Application, Raw Material, Component, and Country | Forecast 2021-2028
As per Triton’s research report, the epoxy resins market in the Middle East and Africa is anticipated to rise with a CAGR of 5.03% in the estimated years from 2021 to 2028.
The countries analyzed in this
market are:
• Turkey
• South Africa
• Saudi Arabia
• The United Arab Emirates
• Rest of MEA countries
Commercial infrastructure is
anticipated to clear outperform in the broader construction sector of the UAE
over the forthcoming years, with economic diversification gathering pace and
the various emirates focusing on developing higher-value service industries.
Numerous big-ticket commercial
projects are presently in the pipeline, which will help sustain elevated growth
rates. Abu Dhabi’s administration has great aspirations in the commercial
infrastructure segment. And the UAE government has set an ambitious goal of
attracting 7.9 million tourists to the emirate every year by 2030, as part of
its Abu Dhabi 2030 Plan, an increase from 4.4 million in the year 2016. Moreover,
Abu Dhabi is hoping to grow its retail and office space to 4 million & 7.5
million square meters, respectively, by the same time. Thus, the growth of the
construction industry has enhanced the demand for epoxy resins in the UAE,
which is expected to bolster its market growth in the projected years.
The infrastructure and
construction industry in Saudi Arabia is amongst the largest in the GCC, with over
$825 billion worth of construction projects in the pipeline. Contracts worth
$14.6 billion were awarded to the sector in 2018, which is an increase from
$11.2 billion in 2016. Thanks to the increased attention from both private and
public sector players, the demand for infrastructure and construction
development is expected to continue to grow in line with the Vision 2030
initiative. As the KSA further expands its hospitality and leisure industry,
the ease of travel to the Kingdom is expected to continue to fuel its growth.
The growth of Saudi’s construction industry is expected to boost the epoxy
resins market in the coming years.
Jubail Chemical Industries Co.
is engaged in the production and sales of epoxy resins and their intermediates
in Saudi Arabia. The company produces epoxy resins in solid, liquid, and
solution forms. The products of the company are used in the aerospace, aircraft,
chemical construction & heavy engineering, and automotive industries, and
many more. Established in 1999, Jubail Chemical Industries has its headquarters
in Jubail Industrial City in Saudi Arabia.
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VIEW REPORT1. MIDDLE
EAST AND AFRICA 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 – MIDDLE EAST AND AFRICA
6.1. THE
UNITED ARAB EMIRATES
6.2. TURKEY
6.3. SAUDI
ARABIA
6.4. SOUTH
AFRICA
6.5. 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
TABLE 1: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 4: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY RAW MATERIAL, 2021-2028 (IN $ MILLION)
TABLE 5: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY COMPONENT, 2021-2028 (IN $ MILLION)
TABLE 6: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
FIGURE 1: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY APPLICATION, 2020 & 2028 (IN %)
FIGURE 2: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 3: MARKET
ATTRACTIVENESS INDEX
FIGURE 4: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY PAINTS & COATINGS, 2021-2028 (IN $ MILLION)
FIGURE 5: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY ELECTRICAL & ELECTRONICS, 2021-2028 (IN $
MILLION)
FIGURE 6: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY CONSTRUCTION, 2021-2028 (IN $ MILLION)
FIGURE 7: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY ADHESIVES, 2021-2028 (IN $ MILLION)
FIGURE 8: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY WIND TURBINE, 2021-2028 (IN $ MILLION)
FIGURE 9: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY COMPOSITES, 2021-2028 (IN $ MILLION)
FIGURE 10: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)
FIGURE 11: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY DGBEA (BISPHENOL A & ECH), 2021-2028 (IN $
MILLION)
FIGURE 12: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY DGBEF (BISPHENOL F & ECH), 2021-2028 (IN $
MILLION)
FIGURE 13: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY NOVOLAC (FORMALDEHYDE & PHENOLS), 2021-2028
(IN $ MILLION)
FIGURE 14: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY ALIPHATIC (ALIPHATIC ALCOHOLS), 2021-2028 (IN $
MILLION)
FIGURE 15: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY GLYCIDYLAMINE (AROMATIC AMINES & ECH),
2021-2028 (IN $ MILLION)
FIGURE 16: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY OTHER RAW MATERIAL, 2021-2028 (IN $ MILLION)
FIGURE 17: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY EPOXIES, 2021-2028 (IN $ MILLION)
FIGURE 18: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, BY HARDENERS, 2021-2028 (IN $ MILLION)
FIGURE 19: MIDDLE EAST AND
AFRICA EPOXY RESINS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 20: THE UNITED ARAB
EMIRATES EPOXY RESINS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 21: TURKEY EPOXY RESINS
MARKET, 2021-2028 (IN $ MILLION)
FIGURE 22: SAUDI ARABIA EPOXY
RESINS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 23: SOUTH AFRICA EPOXY
RESINS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 24: REST OF MIDDLE EAST
& AFRICA EPOXY RESINS MARKET, 2021-2028 (IN $ MILLION)