Epoxy resin market size to grow by 1,226.71 thousand tons from 2022 to 2027: Increasing demand for paints and coatings in the automotive industry to drive growth - Technavio
NEW YORK, March 21, 2023 /PRNewswire/ -- The epoxy resin market size is forecasted to increase by 1,226.71 thousand tons from 2022 to 2027, at a CAGR of 6.5%, according to the recent market study by Technavio. The growth of the market will be driven by the rising demand for paints and coatings in the automotive industry. Paints and coatings are used for various applications owing to their easy availability, high durability, increased gloss, and cost-effectiveness. Waterborne coatings are generally used by OEMs in the automotive industry. Epoxy resin-based coatings provide high thermal stability. In addition, they are resistant to fire and high temperatures. Such factors will increase the demand for paints and coatings during the forecast period. For more insights on the epoxy resin market, download the sample report.
The market is segmented by application (paints and coatings, adhesives and sealants, composites, electronic components, and others), end-user (consumer goods, building and construction, wind energy, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa).
Segmentation by application
The paints and coatings segment will account for a significant share of the market growth during the forecast period. Epoxy resin-based paints and coatings are used in industries such as construction, shipbuilding, automotive, infrastructure, and home appliances. They have various benefits, such as weather resistance, longevity, reliability, chemical resistance, and ultraviolet resistance. They provide high thermal stability and resistance to high temperatures. These advantages, in turn, will increase the demand for epoxy resin-based paints and coatings during the forecast period.
Segmentation by geography
APAC is estimated to account for 70% of the growth of the global market during the forecast period. The demand for paints and coatings, adhesives and sealants, electronic products, and others is expected to increase. This is because of the growth of the commercial and residential construction sectors and increasing investments in infrastructure development. Economic growth, the emerging middle class, and the growth of the automobile sector will also increase the demand for paints and coatings. Such factors will drive the growth of the epoxy resin market in APAC during the forecast period.
Get a holistic overview of the epoxy resin market segments by industry experts - Download the sample
Vendor analysis
Technavio has extensively analyzed 15 major vendors, including 3M Co., Aditya Birla Chemicals, Atul Ltd., Chang Chun Group, China Petrochemical Corp., Daicel Corp., DuPont de Nemours Inc., Evonik Industries AG, Hexion Inc., Huntsman corp., Kolon Industries Inc., Kukdo Chemical Co. Ltd., Nagase and Co. Ltd., NAMA Chemicals, Nan Ya Plastic Corp., Olin Corp., Sika AG, SIR INDUSTRIALE S.P.A., Solvay SA, and Spolchemie AS
Key benefits for industry players & stakeholders ?
The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
What are the key data covered in this epoxy resin market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the epoxy resin market between 2023 and 2027
Precise estimation of the size of the epoxy resin market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the epoxy resin market across APAC, North America, Europe, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of epoxy resin market vendors
What's New?
Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints - Strong/active/niche/trivial - Buy the report!
Related Reports:
The epoxy primers market size is expected to increase by USD 2.80 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.52%. The rising number of applications is notably driving the epoxy primers market growth, although factors such as stringent regulations affecting market growth may impede the market growth.
The size of the epoxy resin market in South America is expected to increase to 22.61 thousand units from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.05%. The increasing demand for paints and coatings in the automotive industry is notably driving the market growth in South America, although factors such as fluctuations in the price of raw materials may impede the market growth.
APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 70%
Key countries
US, China, India, Japan, and Germany
Competitive landscape
Leading vendors, market positioning of vendors, competitive strategies, and industry risks
Key companies profiled
3M Co., Aditya Birla Chemicals, Atul Ltd., Chang Chun Group, China Petrochemical Corp., Daicel Corp., DuPont de Nemours Inc., Evonik Industries AG, Hexion Inc., Huntsman corp., Kolon Industries Inc., Kukdo Chemical Co. Ltd., Nagase and Co. Ltd., NAMA Chemicals, Nan Ya Plastic Corp., Olin Corp., Sika AG, SIR INDUSTRIALE S.P.A., Solvay SA, and Spolchemie AS
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the 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.
Exhibit 62: Data Table on Consumer goods - Year-over-year growth 2022-2027 (%)
7.4 Building and construction - Market size and forecast 2022-2027
Exhibit 63: Chart on Building and construction - Market size and forecast 2022-2027 (thousand t)
Exhibit 64: Data Table on Building and construction - Market size and forecast 2022-2027 (thousand t)
Exhibit 65: Chart on Building and construction - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Building and construction - Year-over-year growth 2022-2027 (%)
7.5 Wind energy - Market size and forecast 2022-2027
Exhibit 67: Chart on Wind energy - Market size and forecast 2022-2027 (thousand t)
Exhibit 68: Data Table on Wind energy - Market size and forecast 2022-2027 (thousand t)
Exhibit 69: Chart on Wind energy - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on Wind energy - Year-over-year growth 2022-2027 (%)
7.6 Others - Market size and forecast 2022-2027
Exhibit 71: Chart on Others - Market size and forecast 2022-2027 (thousand t)
Exhibit 72: Data Table on Others - Market size and forecast 2022-2027 (thousand t)
Exhibit 73: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on Others - Year-over-year growth 2022-2027 (%)
7.7 Market opportunity by End-user
Exhibit 75: Market opportunity by End-user (thousand t)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 76: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 77: Chart on Market share by geography 2022-2027 (%)
Exhibit 78: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 79: Chart on Geographic comparison
Exhibit 80: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 (thousand t)
Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 (thousand t)
Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 North America - Market size and forecast 2022-2027
Exhibit 85: Chart on North America - Market size and forecast 2022-2027 (thousand t)
Exhibit 86: Data Table on North America - Market size and forecast 2022-2027 (thousand t)
Exhibit 87: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 89: Chart on Europe - Market size and forecast 2022-2027 (thousand t)
Exhibit 90: Data Table on Europe - Market size and forecast 2022-2027 (thousand t)
Exhibit 91: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 93: Chart on South America - Market size and forecast 2022-2027 (thousand t)
Exhibit 94: Data Table on South America - Market size and forecast 2022-2027 (thousand t)
Exhibit 95: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 97: Chart on Middle East and Africa - Market size and forecast 2022-2027 (thousand t)
Exhibit 98: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (thousand t)
Exhibit 99: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 China - Market size and forecast 2022-2027
Exhibit 101: Chart on China - Market size and forecast 2022-2027 (thousand t)
Exhibit 102: Data Table on China - Market size and forecast 2022-2027 (thousand t)
Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)
9.9 US - Market size and forecast 2022-2027
Exhibit 105: Chart on US - Market size and forecast 2022-2027 (thousand t)
Exhibit 106: Data Table on US - Market size and forecast 2022-2027 (thousand t)
Exhibit 107: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on US - Year-over-year growth 2022-2027 (%)
9.10 India - Market size and forecast 2022-2027
Exhibit 109: Chart on India - Market size and forecast 2022-2027 (thousand t)
Exhibit 110: Data Table on India - Market size and forecast 2022-2027 (thousand t)
Exhibit 111: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 112: Data Table on India - Year-over-year growth 2022-2027 (%)
9.11 Japan - Market size and forecast 2022-2027
Exhibit 113: Chart on Japan - Market size and forecast 2022-2027 (thousand t)
Exhibit 114: Data Table on Japan - Market size and forecast 2022-2027 (thousand t)
Exhibit 115: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 116: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.12 Germany - Market size and forecast 2022-2027
Exhibit 117: Chart on Germany - Market size and forecast 2022-2027 (thousand t)
Exhibit 118: Data Table on Germany - Market size and forecast 2022-2027 (thousand t)
Exhibit 119: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 120: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 121: Market opportunity by geography (thousand t)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 122: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 123: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 124: Overview on factors of disruption
11.4 Industry risks
Exhibit 125: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 126: Vendors covered
12.2 Market positioning of vendors
Exhibit 127: Matrix on vendor position and classification
12.3 3M Co.
Exhibit 128: 3M Co. - Overview
Exhibit 129: 3M Co. - Business segments
Exhibit 130: 3M Co. - Key news
Exhibit 131: 3M Co. - Key offerings
Exhibit 132: 3M Co. - Segment focus
12.4 Aditya Birla Chemicals
Exhibit 133: Aditya Birla Chemicals - Overview
Exhibit 134: Aditya Birla Chemicals - Product / Service
Exhibit 135: Aditya Birla Chemicals - Key offerings
12.5 Atul Ltd.
Exhibit 136: Atul Ltd. - Overview
Exhibit 137: Atul Ltd. - Business segments
Exhibit 138: Atul Ltd. - Key offerings
Exhibit 139: Atul Ltd. - Segment focus
12.6 Chang Chun Group
Exhibit 140: Chang Chun Group - Overview
Exhibit 141: Chang Chun Group - Product / Service
Exhibit 142: Chang Chun Group - Key offerings
12.7 China Petrochemical Corp.
Exhibit 143: China Petrochemical Corp. - Overview
Exhibit 144: China Petrochemical Corp. - Business segments
Exhibit 145: China Petrochemical Corp. - Key offerings
Exhibit 146: China Petrochemical Corp. - Segment focus
12.8 Daicel Corp.
Exhibit 147: Daicel Corp. - Overview
Exhibit 148: Daicel Corp. - Business segments
Exhibit 149: Daicel Corp. - Key news
Exhibit 150: Daicel Corp. - Key offerings
Exhibit 151: Daicel Corp. - Segment focus
12.9 DuPont de Nemours Inc.
Exhibit 152: DuPont de Nemours Inc. - Overview
Exhibit 153: DuPont de Nemours Inc. - Business segments
Exhibit 154: DuPont de Nemours Inc. - Key news
Exhibit 155: DuPont de Nemours Inc. - Key offerings
Exhibit 156: DuPont de Nemours Inc. - Segment focus
12.10 Evonik Industries AG
Exhibit 157: Evonik Industries AG - Overview
Exhibit 158: Evonik Industries AG - Business segments
Exhibit 159: Evonik Industries AG - Key news
Exhibit 160: Evonik Industries AG - Key offerings
Exhibit 161: Evonik Industries AG - Segment focus
12.11 Hexion Inc.
Exhibit 162: Hexion Inc. - Overview
Exhibit 163: Hexion Inc. - Business segments
Exhibit 164: Hexion Inc. - Key news
Exhibit 165: Hexion Inc. - Key offerings
Exhibit 166: Hexion Inc. - Segment focus
12.12 Huntsman corp.
Exhibit 167: Huntsman corp. - Overview
Exhibit 168: Huntsman corp. - Business segments
Exhibit 169: Huntsman corp. - Key news
Exhibit 170: Huntsman corp. - Key offerings
Exhibit 171: Huntsman corp. - Segment focus
12.13 Kolon Industries Inc.
Exhibit 172: Kolon Industries Inc. - Overview
Exhibit 173: Kolon Industries Inc. - Product / Service
Exhibit 174: Kolon Industries Inc. - Key offerings
12.14 Kukdo Chemical Co. Ltd.
Exhibit 175: Kukdo Chemical Co. Ltd. - Overview
Exhibit 176: Kukdo Chemical Co. Ltd. - Product / Service
Exhibit 177: Kukdo Chemical Co. Ltd. - Key offerings
12.15 Nagase and Co. Ltd.
Exhibit 178: Nagase and Co. Ltd. - Overview
Exhibit 179: Nagase and Co. Ltd. - Business segments
Exhibit 180: Nagase and Co. Ltd. - Key offerings
Exhibit 181: Nagase and Co. Ltd. - Segment focus
12.16 NAMA Chemicals
Exhibit 182: NAMA Chemicals - Overview
Exhibit 183: NAMA Chemicals - Product / Service
Exhibit 184: NAMA Chemicals - Key offerings
12.17 Nan Ya Plastic Corp.
Exhibit 185: Nan Ya Plastic Corp. - Overview
Exhibit 186: Nan Ya Plastic Corp. - Business segments
Exhibit 187: Nan Ya Plastic Corp. - Key offerings
Exhibit 188: Nan Ya Plastic Corp. - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 189: Inclusions checklist
Exhibit 190: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 191: Currency conversion rates for US$
13.4 Research methodology
Exhibit 192: Research methodology
Exhibit 193: Validation techniques employed for market sizing
Exhibit 194: Information sources
13.5 List of abbreviations
Exhibit 195: List of abbreviations
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.
Striking new work from the acclaimed visual artist behind the Covid flags on the Mall opened to the public today at Freedom Plaza in Washington, D.C. Suzanne Brennan Firstenberg launched her latest work "alienable right to life," at a moving opening...
For the first quarter ended March 31, 2024, Desjardins Group, North America's largest financial cooperative group, recorded surplus earnings before member dividends of $855 million, up $513 million from the same quarter of 2023. All business segments...
The "Global Car Subscription Market: Analysis By Vehicle Type, By Subscription Period, By Service Provider, By End User, By Region Size & Forecast with Impact Analysis of COVID-19 and Forecast up to 2029" report has been added to...
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against QuidelOrtho Corporation ("QuidelOrtho" or the "Company") and reminds investors of the June 11, 2024 deadline to seek the role of lead plaintiff...
The growing need for identity-centric security solutions brought on by an increase in cyberattacks and regulatory compliance requirements will define the Identity Threat Detection and Response (ITDR) Market in the future. The growth of ITDR solutions...
Red Pine Exploration Inc. ("Red Pine" or the "Company"), further to its press releases of May 1, 2024, and May 6, 2024 (the "Prior Press Releases"), provides a further update on the Company's progress on its investigations into the reporting...