The global market for components of epoxy resins reached $7.0 billion in 2015. This market is expected to increase from $7.5 billion in 2016 to nearly $10.2 billion in 2021 at a compound annual growth rate (CAGR) of 6.3% for 2016-2021.
-An overview of the global markets and applications for epoxy resins.
-Analyses of global market trends, with data from 2015 and 2016, and projections of CAGRs through 2021.
-Identification of trends that will affect the use of epoxy resins and their major end-use application markets.
-Information pertaining to the market's dynamics, specifically growth drivers, inhibitors, and opportunities.
-Breakdowns of data by geography and application.
Epoxy resins, which are thermosetting polymers, are well known for their high-quality performance with mechanical strength, corrosion protection, moisture resistance, chemical resistance, heat resistance and strong adhesiveness. These properties make them useful in various industrial applications. The epoxy resin market is broadly divided into two categories, epoxides and hardeners or curing agents. Epoxy resins are the combination of these epoxides and hardeners. Different types of epoxies discussed in this report include Bisphenol A, Bisphenol F, Phenolic Novolac and Epichlorohydrin, which, when mixed with hardeners, provide robust adhesion and tensile property.
Study Goals and Objectives
The goal of this report is to provide an up-to-date analysis of recent developments and current trends in the global epoxy and hardeners market. The report provides detailed information on key factors propelling the market, including opportunities, drivers and challenges. The report includes detailed forecasting for the global epoxy resin market in terms of value and volume based on physical form, application in end-user industries, and demand by region especially in five main regions, Asia-Pacific, Europe, North America, South America and Middle East and Africa.
Purpose of the Study
The rapid growth in emerging economies, particularly China and India, has significantly increased the demand for epoxy and hardeners over the past five years. In addition, with more start-up and small companies in China and India, outsourcing of epoxy and hardener production is increasing, with new manufacturing facilities under construction. Companies outside of India and China are outsourcing production to these regions.
Scope of Report
The scope of this report is broad and covers many different types of epoxy and hardeners used globally in various types of applications. The market is broken down by major types of epoxy and hardeners, by region, by application and by curing agents. Revenue forecasts from 2015 to 2021 are given for each major type of epoxy and hardener with their applications and regional markets.
The report also includes a discussion of the major players in each of the regional markets for epoxy resins. It explains the major market drivers of the global epoxy resin industry, current trends within the industry, major industry challenges, and the regional dynamics of the global epoxy and hardeners market. The report concludes with a special focus on the supplier landscape. It includes detailed profiles of the major vendors in the epoxy resin industry globally with discussion of the market share of the major players by region.
A descriptive study has been done with a trend analysis for the global market for epoxy resins in end user industries using a quantitative and qualitative approach. Research collects data through various primary and secondary sources including interviews with industry vendors, white papers, business journals, public financial proceedings and historical market data from the internet. Market data is assessed and validated with consideration of interrelated market attributes and the impact of global economic variables. The value of the market is then obtained through a combination of bottom-up and top-down approaches using exclusive market modeling tools to generate Research’s market data and forecasts. Estimated values used are based on manufacturers' total revenues.
This report is intended especially for manufacturers, suppliers, end users and others with a vital interest in epoxy resins and hardeners and their applications. In addition, because of the report’s business focus, it will be useful to sales executives and business managers as an up-to-date guide that includes challenges, drivers and trends that are expected to be significant factors in the current and future markets.
The report should also be of interest to manufacturers and suppliers of epoxy resin and hardener raw materials and industries such as paints and coatings, wind energy, composites, construction, aerospace, electrical and electronic, adhesives, marine and protective coatings.
The findings and conclusions of this report are based on information gathered from a variety of primary and secondary sources, including industry association data, and interviews conducted with epoxy and hardener manufacturing companies. Other secondary sources consulted for the report include the internet, industry journals and publications, product literature, white papers and technical journals, and financial reports from industry suppliers.
The base year for analysis and projection is 2015. With 2015 as a baseline, market projections were developed for 2016 to 2021. These projections are based on consensus among primary contacts, combined with our understanding of the key market drivers and their impact from historical and analytical perspectives. The analytical methodologies used to generate the market estimates are described in detail in the market analyses. All dollar projections presented in this report are in 2016 constant dollars.
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