Epoxy Resins Market Report 2023 (Global Edition)

Global Epoxy Resins Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Epoxy Resins Industry growth. Epoxy Resins market has been segmented with the help of its Type, Application End Use, and others. Epoxy Resins market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

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Epoxy Resins Market, By Type

DGBEA 

Bisphenol A (BPA) and epichlorohydrin (ECH) were used as raw materials in the catalysis of sodium hydroxide to produce diglycidyl ether of bisphenol A (DGEBA). The chemical is a colorless solid that melts just above room temperature (commercial samples may seem yellow).

DGBEF

Bisphenol F Diglycidyl Ether is used in the production of epoxy resin compositions that comprise epoxy resin, curing agent, 2,4-dioleyl imidazoline-6-methoxy polyethylene glycol-1,3,5-triazine, and other ingredients. It is a stabilizing compound, commonly used as a precursor in the production of epoxy resins and as an additive in organosol resins. It is said to be utilized as an inside coating material for food cans.

Novaloc

Novolaks (or novolacs) are phenol-formaldehyde resins with fewer than one formaldehyde-to-phenol molar ratio. They are frequently made using cresols rather than phenol (methylphenols). Novolacs require extra formaldehyde or, more typically, chemicals that degrade into formaldehyde when heated to produce a thermosetting resin.

Aliphatic

Aliphatic epoxy resins are generally produced through glycidylation of aliphatic alcohols or polyols. The resultant resins can be monofunctional (e.g., dodecanol glycidyl ether), difunctional (butanediol diglycidyl ether), or multifunctional (e.g., butanediol diglycidyl ether) (e.g., trimethylolpropane triglycidyl ether). These resins are commonly referred to as reactive diluents since they have low viscosity at room temperature. They are rarely used on their own, but rather to change (lower) the viscosity of other epoxy resins.

Glcidylamine

Glycidylamine epoxies with high functionality are produced by the reaction of epichlorohydrin with aromatic amines. When completely crosslinked, these highly reactive resins have great thermal and chemical resistance, a high glass transition and heat deflection temperature, and excellent mechanical characteristics. They also have a lower room temperature viscosity than normal epoxy, which makes handling and processing easier.

Others

Several other types of epoxy resins such as halogenated epoxy resins, epoxy resin diluents, and many others are available in the market.

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Epoxy Resins Market, Application Segment Analysis

The Paints and Coatings segment revenue will be USD 8,513.31 Million in 2029. The Paints and Coatings Revenue in Epoxy Resin is expected to reach USD 8,513.31 Million in 2029. Epoxy paint, often known as an epoxy floor coating, is widely used to cover garage floors, basement floors, and patio flooring. The use of epoxy resin in a painting or art piece intensifies the colors and provides a shiny, clean surface. A transparent layer of resin also protects against regular wear and scrapes

Adhesives and sealants

The use of epoxy resin as an adhesive in structural and engineering applications is one of its most well-liked applications. Epoxy adhesives can be used to securely connect items as diverse as aircraft components, golf clubs, and snowboards. Before application, the epoxy resin-containing component of the paint is combined with the polyamine-containing component.

Composites

Epoxy-based composite materials are widely utilized in load-bearing applications such as automotive, aerospace, construction, oil and gas, and marine sectors because of their low cost, superior mechanical qualities, high specific strength, super adhesiveness, and heat and solvent resistance. As a result, there is an increasing demand for research into and prediction of the deformation behavior of epoxy-based composite materials under typical loading situations.

Electronic Encapsulation

An epoxy resin of the electronic grade that is approved for precise component masking, casting, impregnating, and potting. Electronic devices enclosed in the dispersed silicone rubber-modified epoxy molding compounds performed exceptionally well in the thermal shock cycle test, resulting in a longer usable life for the electronics. Epoxy resin is now widely utilized by employees in the electrical sector for the construction of motors, generators, transformers, insulators, and printed circuit boards (PWBs). The resins provide high degrees of electrical insulation and prevent components from short-circuiting caused by dust and moisture collection.

Others

Epoxy resins are also used for the strong binding and production of tools such as molds, master models, laminates, castings, and fixtures. Epoxy resin can be combined with pigment for a variety of artistic applications. Layers may be added in the creation of a complete picture. Other common uses include the decoration of jewelry and the decoupage of work surfaces

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Epoxy Resins market report 2023 Edition by contacting our team.

Epoxy Resins End Use Segment Analysis

• Building and Construction

The Building and Construction Revenue in Epoxy Resin is estimated to reach USD 6,136.01 Million in 2029. Epoxy resins are used in the production of adhesives, plastics, paints, coatings, primers and sealers, flooring, and other building and construction goods and materials. It is used in a variety of tasks by craftsmen for crafts, by do-it-yourselfers at home for furniture creation and repair, and in the maritime industry for a variety of boat-building applications.

• Transportation

Epoxy resins suit a variety of Transportation application needs with innovations that may be customized to meet the severe performance and flexibility demands customers face daily. Since the 1980s, epoxy resins have been employed in vehicle coatings. Mechanical strength, metal adhesion, and heat resistance are among their chemical qualities. These qualities make it easier to prevent automotive bodywork against corrosion and other issues, potentially increasing a car's lifetime.

• General Industries

Epoxy resins are used in a variety of industries. It has a particularly high level of flexural strength and is suitable for both domestic and commercial purposes. Thus, it can be used in food packaging, water pipework, the sports and leisure industry, etc.

• Consumer Goods

Epoxy materials are used in the manufacture and production of consumer items all around the world, from washers and dryers to 9-irons and jet skis. It is utilized in liquid and powder resins, low VOC, high solids, and waterborne resins and curing agents, novalac resins, and tougheners, among other things.

• Wind Energy

Wind turbines are the primary use for epoxy resins in the energy sector. Epoxy resins are widely used in the composites and adhesives used to manufacture wind rotor blades and other structural parts. Over the last 20 years, epoxy resins have allowed wind blade diameters to progressively rise (from 15 m in the 1980s to 160 m now).

• Aerospace

Epoxy resins are often used in the aerospace industry for a variety of purposes, making epoxy one of the most common materials in this industry. Aeronautical-grade epoxy resins produce the strong bonds required by aerospace applications for the duration of a mission. Unlike other adhesives, which can become brittle when exposed to extreme environments, epoxy resins can withstand prolonged exposure to space. They are particularly resistant to radiation, microcracking, severe temperatures, vacuum conditions, and atomic oxygen (AO).

• Marine

Epoxy coatings are used on a variety of ship components, including underwater hulls, ballast tanks, cargo tanks or holds, decks, topsides, and superstructures. They provide excellent corrosion resistance, a long-lasting overcoat, and can be easily recoated. It is used as a primer, tie coat, and topcoat against fouling, for decorative purposes, and in some cases against UV corrosion.

• Building and Construction
• Transportation
• General Industries
• Consumer Goods
• Wind Energy
• Aerospace
• Marine

Epoxy Resins Form Segment Analysis

• Solid

The Solid Revenue in Epoxy Resin is anticipated to reach USD 6,202.79 Million in 2029. Solid epoxy resins are frequently formed through the interaction of epichlorohydrin with bisphenol A. They go from a low-viscosity liquid to a high-viscosity liquid and then to a solid by increasing their molecular weight and viscosity. Solid epoxy resins are often made in flake form and are used to make powder coatings. They are chemically and mechanically resistant. It has excellent chemical stability, high adhesion, and hardness.

• Liquid

Liquid epoxy resins are synthetic resins that may be utilized for a variety of reasons. Epoxy is made by combining two complementary components. When the liquid resin is blended with a sufficient hardener, a chemical process begins that normally lasts several hours. Liquid epoxy resins are utilized in a variety of applications, including coatings, civil engineering, adhesives, electrical insulating materials, and reactive intermediates.

• Solid
• Liquid

Epoxy Resins Market Regional Analysis

Region and country analysis section of Epoxy Resins Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Epoxy Resins market.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of this market.

Epoxy Resin Industry News:

• Solvay

Solvay specializes in offering several types of chemicals. Solvay produces soda ash, hydrogen peroxide, functional polymers, silica, surfactants, food and fragrance flavors, and other specialty polymers. Additionally, it offers its products to numerous industries, including the aerospace, alternative energy, automotive, chemical, construction, 

consumer goods, food and beverage, and oil and gas markets. 
Further, its brand portfolio includes Amines, Antioxidants and Stabilizers, Barium and Strontium Derivatives, Calcium and Magnesium Derivatives, Composites, Fluorine Derivatives & Lithium Derivatives. Despite this, the company web shops offer for multiple services over the order-to-cash cycle EDI/System to System integration.

March 2022    

• Solvay has engaged in partnership with Mitsubishi Chemical Advanced Materials

Solvay has engaged in partnership with Mitsubishi Chemicals, this partnership has helped customer to achieve sustainability and strengthen the business of polymers in the market.

July 2021    

• Solvay engaged in partnership with Bayer Company

Solvay collaborated with Bayer in order to strengthen its position in coating business. This acquisition has strengthened range of sustainable, bio-based solutions for agricultural customers.

Top Companies Market Share in Epoxy Resins Industry: (In no particular order of Rank)

• Atul Ltd
• BASF SE
• Dow Inc
• Hexion
• Huntsman Corporation LLC
• Kukdo Chemicals Co.Ltd
• Nan Ya Plastics Corporation
• Olin Corporation
• Solvay SA
• Techstorm Advanced Materials
• Others
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