HBPA Epoxy Resin Market - Global Forecast to 2023: Increasing Industrialization in Developing Economies to Drive the Demand for HBPA Epoxy Resin in the Industrial Coating Application
DUBLIN, Feb. 18, 2019 /PRNewswire/ -- The "HBPA Epoxy Resin Market by Physical Form (Liquid and Solid), Application (E&E Coating, Industrial Coating, and Others), and Region (APAC, Europe, North America, South America, and Middle East & Africa) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The market size of HBPA epoxy resin is estimated at USD 1.7 billion in 2018 and is projected to reach USD 2.2 billion by 2023
The growth of this market is attributed to the increase in the need to protect concrete floors in industrial and commercial facilities. Another factor driving the HBPA epoxy resin market is the growth of the power generation industry in developing countries. However, volatility in raw material prices is restraining the growth of the market. Most of the raw materials used in the production of HBPA epoxy resin are petroleum-based derivatives, which are vulnerable to fluctuations in commodity prices. The prices of these raw materials have been highly volatile in recent times, which has affected the growth of the market.
Liquid form to be the larger segment of the HBPA epoxy resin market, in terms of volume and value.
The liquid form of HBPA epoxy resin is projected to be the faster-growing segment of the HBPA epoxy resin market, based on physical form. Liquid HBPA epoxy resin is the widely used form as it caters to almost every application. These resins are widely used as they are easy to apply and convenient to use, where there is a spatial constraint. These have more applications than the solid epoxy resins.
The E&E coating application is projected to register the higher CAGR during the forecast period.
E&E coating is estimated to be the largest and projected to be the fastest-growing application of HBPA epoxy resin during the forecast period. Owing to its excellent adhesion and weather and chemical resistance properties, HBPA epoxy resin is largely used in the exterior coating applications of high-voltage electrical machines such as transformers, generators, circuit breakers, and isolators. The growing population and increasing urbanization have resulted in the growth of a strong and reliable power generation and distribution network, which, in turn, is driving the demand for HBPA epoxy resin in the E&E coating application.
APAC is projected to be the largest HBPA epoxy resin market, in terms of volume and value, during the forecast period.
The APAC HBPA epoxy resin market is projected to grow at the highest CAGR during the forecast period. The continuous rise in the manufacturing of products for use within the region and for exports drives the demand for HBPA epoxy resin. Rising population and growing end-use industries have led to innovation and development, making APAC an important industrial hub, globally. High growth and innovation, along with industry consolidations, are expected to lead to the rapid growth of the market in the region.
The report profiles several leading players of the HBPA epoxy resin market that include Hexion (US), Atul Chemicals (India), New Japan Chemical Company (Japan), Aditya Birla Chemicals (India), Kukdo Chemicals (South Korea), Anhui Xinyuan Chemical Company (China), SIR Industriale (Italy), Emerald Performance Material (US), Nagase America Corporation (US), and Huntsman Corporation (US). The report also includes detailed information about various growth strategies adopted by these key players to strengthen their position in the HBPA epoxy resin market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
3.1 Introduction
4 Premium Insights
4.1 Attractive Opportunities in the HBPA Epoxy Resin Market
4.2 HBPA Epoxy Resin Market, By Physical Form
4.3 HBPA Epoxy Resin Market, By Region
4.4 APAC HBPA Epoxy Resin Market, By Application, and Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth of Power Generation Industry in Developing Countries
5.2.1.2 Increase in Need to Protect Concrete Floors in Industrial and Commercial Facilities
5.2.2 Restraints
5.2.2.1 Volatility in Raw Material Prices
5.2.3 Opportunities
5.2.3.1 Requirement of Existing Power Infrastructure Refurbishment in Developed Countries
5.2.4 Challenges
5.2.4.1 High Price of Industry Products
5.3 Porter's Five Forces Analysis
5.4 Macroeconomic Indicator
6 HBPA Epoxy Resin Market, By Physical Form
6.1 Introduction
6.2 Liquid
6.2.1 Easy and Convenient Application of Liquid Form to Drive Its Demand in the HBPA Epoxy Resin Market
6.3 Solid
6.3.1 Wide Availability and Low Cost to Drive Its Demand
7 HBPA Epoxy Resin Market, By Application
7.1 Introduction
7.1.1 E&E Coating
7.1.1.1 Excellent Weather and Chemical Resistance of HBPA Epoxy Resin to Drive Its Demand in the E&E Coating Application
7.1.2 Industrial Coatings
7.1.2.1 Increasing Industrialization in Developing Economies to Drive the Demand for HBPA Epoxy Resin in the Industrial Coating Application
7.1.3 Others
8 HBPA Epoxy Resin Market, By Region
8.1 Introduction
8.2 APAC
8.2.1 China
8.2.1.1 China Accounted for the Largest Share of the HBPA Epoxy Resin Market in APAC
8.2.2 South Korea
8.2.2.1 Increasing Production of High-Voltage Electrical Machines in South Korea to Drive the Demand for HBPA Epoxy Resin in the Country
8.2.3 India
8.2.3.1 Increasing Urbanization and Growing Industrialization to Drive the Demand for HBPA Epoxy Resin in E&E and Industrial Coating Applications
8.2.4 Japan
8.2.4.1 Increasing Industrialization to Drive the Demand for HBPA Epoxy Resin in the Industrial Coatings Application in Japan
8.2.5 Rest of APAC
8.3 Europe
8.3.1 Germany
8.3.1.1 Germany Accounted for the Largest Share of the HBPA Epoxy Resin Market in Europe
8.3.2 Italy
8.3.2.1 E&E Coating Segment to Witness High Growth in the HBPA Epoxy Resin Market in Italy
8.3.3 France
8.3.3.1 Need for Power Generation and Distribution Infrastructure to Drive the Demand for HBPA Epoxy Resin in the E&E Coating Application in France
8.3.4 UK
8.3.4.1 Economic Reforms in the UK to Drive the HBPA Epoxy Resin Demand in E&E and Industrial Coating Applications in the Country
8.3.5 Rest of Europe
8.4 North America
8.4.1 US
8.4.1.1 The US Accounted for the Largest Share of the HBPA Epoxy Resin Market in North America
8.4.2 Canada
8.4.2.1 Rapidly Growing E&E Industry in Canada to Drive the Demand for HBPA Epoxy Resin in the Country
8.4.3 Mexico
8.4.3.1 Increasing Population and Urbanization in Mexico to Drive the Demand for HBPA Epoxy Resin in the Country
8.5 South America
8.5.1 Brazil
8.5.1.1 Strong Industrial Base in the Country is Responsible for the Large Market Share of the Country
8.5.2 Rest of South America
8.6 MEA
8.6.1 Saudi Arabia
8.6.1.1 Strengthening of the Power Distribution Network to Drive the HBPA Epoxy Resin Demand in Saudi Arabia
8.6.2 UAE
8.6.2.1 Growth in Renewable Energy Projects to Drive the HBPA Epoxy Resin Market in the UAE
8.6.3 South Africa
8.6.3.1 Government Initiatives for Restructuring the Country's Power Distribution Network to Drive the HBPA Epoxy Resin Market in South Africa
8.6.4 Rest of MEA
9 Competitive Landscape
9.1 Overview
9.2 Market Ranking
9.3 Competitive Scenario
9.3.1 Investment & Expansion
9.3.2 New Product Launch
9.3.3 Merger & Acquisition
9.3.4 Partnership
10 Company Profiles
10.1 Hexion
10.2 Atul Ltd
10.3 New Japan Chemical Company
10.4 Aditya Birla Chemicals
10.5 Kukdo Chemical
10.6 Anhui Xinyuan Chemical Company
10.7 Sir Industriale
10.8 Emerald Performance Material
10.9 Nagase America Corporation
10.10 Huntsman Corporation
For more information about this report visit https://www.researchandmarkets.com/research/ctqj6w/hbpa_epoxy_resin?w=5
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