Selbyville, Delaware, Nov. 25, 2020 (GLOBE NEWSWIRE) -- According to reliable predictions, global epoxy resin market is expected to reach a valuation of USD 11.28 billion by the year 2026. The growth can be attributed to widespread adoption of paints & coatings as well as growing demand for epoxy-based composites.
Moreover, the study highlights various market segmentations such as product type, application scope, and regional outlook and evaluates their respective contribution towards the remuneration scale of this business sphere. It also conducts a thorough SWOT analysis of the key competitors in this industry vertical.
For those unfamiliar, epoxy resins play an important role across numerous end-use chemical compounds wherein each molecule offers a distinctive opportunity to convert into a useful thermosetting product. Thus, increasing utilization of such compounds in applications such as wind turbines, composites, adhesives and others are fueling worldwide epoxy resin market size.
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Epoxy resins are also widely adopted in water-based coatings while electrodepositing primers, solvent-dipped coatings which are used on substrates, and powder coating applications in automotive sector. It is to be noted that the product offers exceptional heat, mechanical, and electrical resistance as well as high resistivity, mechanical strength and thermal stability.
The product also offers weight reduction properties as well as high chemical resistance, which in turn has propelled its demand in high-performance applications such as aircrafts, marine vehicles and race cars, which in turn is favoring global epoxy resin market outlook.
Apart from this, factors such as rapid urbanization, booming electronics industry, and growing demand for epoxy resins for producing insulators, jewelry, and laminates are also positively impacting the overall industry remuneration.
However, availability of alternative resins and fluctuating prices of raw materials may act as a bottleneck to the expansion of global epoxy resins market. Volatile crude oil prices owing to political tensions in the Middle East is also inhibiting the market growth.
A synopsis of the application reach
As per credible estimates, worldwide epoxy resin market share from composites as well as from wind turbines applications is expected to grow significantly during the study period. Growing demand for high performance composites coupled with flourishing wind turbines and commercial aircraft sectors are fueling the segmental share.
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Additional factors including growing demand for composites from aerospace and automotive industries, strict emission regulations, and inflating prices of fuel are also favoring the market scenario. However, labor-intensive production in consort with high costs associated with the product my negatively influence the growth of global epoxy resins industry size from composites applications.
Global Epoxy Resins Market by Type (Revenue, USD Million, 2015-2026)
- Hardener
- Glycidylamine
- Aliphatic
- Novolac
- DGBEF
- DGBEA
Global Epoxy Resins Market Application Reach (Revenue, USD Million, 2015-2026)
- Adhesives
- Electrical & Electronics
- Construction
- Composites
- Wind Turbine
- Paints & Coatings
- Others
Global Epoxy Resins Market Regional Outlook (Revenue, USD Million, 2015-2026)
North America
- Canada
- U.S.
Europe
- France
- Italy
- U.K.
- Germany
- Italy
- Switzerland
- Spain
- Rest of Europe
Asia-Pacific
- Taiwan
- South Korea
- Japan
- India
- China
- Rest of Asia-Pacific
Middle East & Africa
- Turkey
- Rest of Middle East & Africa
Latin America
- Mexico
- Brazil
- Rest of Latin America
Global Epoxy Resins Market Competitive Analysis (Revenue, USD Million, 2015-2026)
- Sir Industriale S.p.A.
- Solvay S.A.
- Evonik Industries AG
- Arkema S.A.
- Covestro AG
- Sinopec Baling Petrochemical Co. Ltd.
- Jubail Chemical Industries LLC
- Jiangsu Sanmu Group Co. Ltd.
- Nan Ya Plastics Corporation
- Sika AG
- Olin Corp.
- Momentive Performance Materials Holdings LLC
- Kukdo Chemical Co. Ltd.
- Huntsman Corporation
- DuPont de Nemours, Inc.
- BASF SE
- Aditya Birla Chemicals Ltd.
- 3M Co.
Table of Contents
1. Chapter 1. Methodology and Scope
1.1. Research Scope and Assumptions
1.2. Research Methodology
1.3. List of Data Sources
1.3.1. Primary Data Sources
1.3.2. Secondary Data Sources
2. Chapter 2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
2.2.1. Market Snapshot – Key Takeaways
2.2.2. Epoxy Resins regional marketplace – Key Takeaways
2.2.2.1. Global Epoxy Resins Market, 2015 – 2026, (USD Million)
2.2.2.2. Global Epoxy Resins Market, 2015 – 2026, (Kilo Tons)
2.2.2.3. Global Epoxy Resins Market, By Type, 2015 – 2026, (USD Million)
2.2.2.4. Global Epoxy Resins Market, By Type, 2015 – 2026, (Kilo Tons)
2.2.2.5. Global Epoxy Resins Market, By Application, 2015 – 2026, (USD Million)
2.2.2.6. Global Epoxy Resins Market, By Application, 2015 – 2026, (Kilo Tons)
2.2.2.7. Global Epoxy Resins Market, By Region, 2015 – 2026, (USD Million)
2.2.2.8. Global Epoxy Resins Market, By Region, 2015 – 2026, (Kilo Tons)
3. Chapter 3. Epoxy Resins Market Insights
3.1. Epoxy Resins – Industry Snapshot
3.2. Epoxy Resins – Market Dynamics
3.2.1. Epoxy Resins – Market Forces
3.2.1.1. Epoxy Resins Market Driver Analysis
3.2.1.1.1. Growing paints & coatings demand
3.2.1.1.2. Growing epoxy-based composites demand
3.2.1.2. Epoxy Resins Market Restraint/ Challenge Analysis
3.2.2. Industry Analysis – Porter’s Five Force
3.2.2.5. Degree of Competition
3.2.3. Epoxy Resins Market PEST Analysis, 2019
3.2.4. Epoxy Resins Market - Value Chain Analysis
3.2.5. Vendor landscape
4. Chapter 4. Epoxy Resins Market Size and Forecast By Type
4.1. Overview
4.2. DGBEA
4.3. DGBEF
4.4. Novolac
4.5. Aliphatic
4.6. Glycidylamine
4.7. Hardener
5. Chapter 5. Epoxy Resins Market Size and Forecast By Application
5.1. Overview
5.2. Paints & Coatings
5.3. Wind Turbine
5.4. Composites
5.5. Construction
5.6. Electrical & Electronics
5.7. Adhesives
6. Chapter 6. Epoxy Resins Market Size and Forecast By Region
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Global UV Curable Resins Market size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
UV Curable Resins Market size is estimated to exceed above 10% CAGR to 2026, as per new research report. Increasing product demand among the electronics, packaging and automotive industry and increasing adhesives utilization will stimulate the market growth in coming years. Rising environmental regulations on the usage & disposal of synthetic products along with growing environmental awareness should boost the demand for products with low volatile organic compounds (VOCs) such as UV curable adhesives. Substantial expansion of the e-retail, e-commerce, and online food ordering services has led to growing demand for flexible packaging solutions which is likely to stimulate the segment growth.
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