Market by Application, Raw Material, Component, and Country | Forecast 2021-2028
The finding of an in-depth
study by Triton Market Research shows that North America’s epoxy resins market
will grow at a CAGR of 5.18% in terms of revenue over the projected period
2021-2028.
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The countries evaluated in
this market are:
• The United States
• Canada
Economic recovery in the
United States, coupled with government investments in infrastructure
development, manufacturing, education, healthcare, and affordable housing, is
anticipated to drive the country’s market. With a focus on infrastructural
development, the government of the US has planned on spending $1.0 trillion for
rebuilding the nation’s roads, airports, bridges, tunnels, and other
infrastructure by the year 2027. Besides, it is also planning to eliminate
permitting regulations to speed up other projects. The growth in
the construction industry is influencing the growth of the epoxy resins market
in the United States.
Furthermore, a growing
adoption of wind turbines has been witnessed in the country, with the growing
demand for green energy. 16 million MWH of wind energy is produced in the US
per year; this amount is enough to supply power to 1.6 million homes in the
country. Wind energy is affordable, costing 26 cents/kWh. Owing to such lower
rates, the demand for renewable energy is in the nation is increasing day by
day. Epoxy resin-based adhesives and composites are used to make wind turbine
blades and other structural elements. Thus, the growing adoption of renewable
energy is helping the epoxy resin market in the United States to grow
substantially.
Huntsman Corporation is a
US-based company that manufactures differentiated organic chemical products. It
offers polyurethane chemicals, performance products, and advanced materials,
including epoxies, and a range of other products. The company caters to a range
of end-users, like automotive, construction, insulation, electronics, medical,
packaging, power generation, and several others. Huntsman Corporation makes
huge investments in R&D. it is headquartered in The Woodlands, Texas.
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VIEW REPORT1. NORTH
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
2.9.1. CONTRACTS
& PARTNERSHIPS
2.9.2. BUSINESS
EXPANSIONS & DIVESTITURES
2.9.3. ACQUISITIONS
& MERGERS
2.9.4. NEW
PRODUCT LAUNCHES
2.10. 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 – NORTH AMERICA
6.1. UNITED
STATES
6.2. CANADA
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: NORTH AMERICA EPOXY
RESINS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: NORTH AMERICA EPOXY
RESINS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 4: NORTH AMERICA EPOXY
RESINS MARKET, BY RAW MATERIAL, 2021-2028 (IN $ MILLION)
TABLE 5: NORTH AMERICA EPOXY
RESINS MARKET, BY COMPONENT, 2021-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA EPOXY
RESINS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
FIGURE 1: NORTH AMERICA EPOXY
RESINS MARKET, BY APPLICATION, 2020 & 2028 (IN %)
FIGURE 2: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 3: MARKET
ATTRACTIVENESS INDEX
FIGURE 4: NORTH AMERICA EPOXY
RESINS MARKET, BY PAINTS & COATINGS, 2021-2028 (IN $ MILLION)
FIGURE 5: NORTH AMERICA EPOXY
RESINS MARKET, BY ELECTRICAL & ELECTRONICS, 2021-2028 (IN $ MILLION)
FIGURE 6: NORTH AMERICA EPOXY
RESINS MARKET, BY CONSTRUCTION, 2021-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA EPOXY
RESINS MARKET, BY ADHESIVES, 2021-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA EPOXY
RESINS MARKET, BY WIND TURBINE, 2021-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA EPOXY
RESINS MARKET, BY COMPOSITES, 2021-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA EPOXY
RESINS MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA EPOXY
RESINS MARKET, BY DGBEA (BISPHENOL A & ECH), 2021-2028 (IN $ MILLION)
FIGURE 12: NORTH AMERICA EPOXY
RESINS MARKET, BY DGBEF (BISPHENOL F & ECH), 2021-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA EPOXY
RESINS MARKET, BY NOVOLAC (FORMALDEHYDE & PHENOLS), 2021-2028 (IN $
MILLION)
FIGURE 14: NORTH AMERICA EPOXY
RESINS MARKET, BY ALIPHATIC (ALIPHATIC ALCOHOLS), 2021-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA EPOXY
RESINS MARKET, BY GLYCIDYLAMINE (AROMATIC AMINES & ECH), 2021-2028 (IN $
MILLION)
FIGURE 16: NORTH AMERICA EPOXY
RESINS MARKET, BY OTHER RAW MATERIAL, 2021-2028 (IN $ MILLION)
FIGURE 17: NORTH AMERICA EPOXY
RESINS MARKET, BY EPOXIES, 2021-2028 (IN $ MILLION)
FIGURE 18: NORTH AMERICA EPOXY
RESINS MARKET, BY HARDENERS, 2021-2028 (IN $ MILLION)
FIGURE 19: NORTH AMERICA EPOXY
RESINS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 20: UNITED STATES EPOXY
RESINS MARKET 2021-2028 (IN $ MILLION)
FIGURE 21: CANADA EPOXY RESINS
MARKET 2021-2028 (IN $ MILLION)