NORTH AMERICA EPOXY RESINS MARKET 2021-2028

Chemicals & Materials | Specialty Chemicals

NORTH AMERICA EPOXY RESINS MARKET 2021-2028

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

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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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Table of Content

1.    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   

List of Tables

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)       

List of Figures

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)

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