79% of Growth to Originate from APAC for Epoxy Resin Market: By Application and Geography | Global Forecast to 2026
NEW YORK, Jan. 3, 2022 /PRNewswire/ -- The Epoxy Resin Market value is set to grow by 685.86 thousand tons, progressing at a CAGR of 3.98% from 2021 to 2026, as per the latest report by Technavio.
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The epoxy resin market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size.
One of the key factors driving growth in the epoxy resin market is the increasing demand for paints and coatings in the automotive industry. The easy applicability of automotive paints and coatings makes them highly preferred in the automotive industry. Epoxy resin-based coatings exhibit high thermal stability, thereby providing resistance to fire and high-temperature conditions. The automotive sector in the developed nations of various regions, particularly in North America and Europe, is witnessing rapid technological advances. The increasing consumer purchasing power, coupled with the public transport infrastructure, is expected to push urban commuters to purchase vehicles, which will lead to the robust growth of the automotive industry in developing countries such as India and China. Such factors are driving the demand for paints and coatings, which, in turn, is expected to drive the global epoxy resin market.
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This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The stringent regulations and policies will be a major challenge for the epoxy resin market during the forecast period. Paints and coatings are used to protect various substrate surfaces and structures from high temperatures, adverse weather conditions, and chemicals. Various components added to paints and coatings are toxic components and pose a threat to the environment and people. Regulatory authorities across countries in Europe and North America have imposed stringent regulations to curb the hazardous effects of such products. Such regulations compel vendors to develop solutions that generate low levels of volatile organic compounds. Stringent government regulations over emission levels of volatile organic compounds (VOC), which complement rising global awareness about the ill-effects of such compounds and chemicals, are the major obstacles to the growth of the global paints and coatings market.
The epoxy resin market covers the following areas:
Epoxy Resin Market Sizing
Epoxy Resin Market Forecast
Epoxy Resin Market Analysis
Companies Mentioned
- 3M Co.
- China Petrochemical Corp.
- Hexion Inc.
- Huntsman Corp.
- Kukdo Chemical Co. Ltd.
- NAMA Chemicals
- Nan Ya Plastics Corp.
- Olin Corp.
- Sika AG
- Solvay SA
The epoxy resin market share growth by the paints and coatings segment will be significant during the forecast period. The demand for epoxy resin-based paints and coatings is expected to grow due to the wide range of architectural applications of epoxy resins.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2021
- Market outlook: Forecast for 2021 - 2026
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Paints and coatings - Market size and forecast 2021-2026
- Adhesives and sealants - Market size and forecast 2021-2026
- Composites - Market size and forecast 2021-2026
- Electronic components - Market size and forecast 2021-2026
- Others - Market size and forecast 2021-2026
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2021-2026
- North America - Market size and forecast 2021-2026
- Europe - Market size and forecast 2021-2026
- South America - Market size and forecast 2021-2026
- MEA - Market size and forecast 2021-2026
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 3M Co.
- China Petrochemical Corp.
- Hexion Inc.
- Huntsman Corp.
- Kukdo Chemical Co. Ltd.
- NAMA Chemicals
- Nan Ya Plastics Corp.
- Olin Corp.
- Sika AG
- Solvay SA
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Epoxy Resin Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Accelerate at a CAGR of 3.98% |
Market growth 2022-2026 | 685.86 th tons |
Market structure | Fragmented |
YoY growth (%) | 3.52 |
Regional analysis | APAC, North America, Europe, South America, and MEA |
Performing market contribution | APAC at 79% |
Key consumer countries | China, US, India, Japan, Germany, and South Korea (Republic of Korea) |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | 3M Co., China Petrochemical Corp., Hexion Inc., Huntsman Corp., Kukdo Chemical Co. Ltd., NAMA Chemicals, Nan Ya Plastics Corp., Olin Corp., Sika AG, and Solvay SA |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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