Market by Application, Raw Material, Component, and Country | Forecast 2021-2028
The Asia-Pacific epoxy resins market is expected to develop at a CAGR of 5.01% by revenue over the estimated period 2021 to 2028.
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The countries studied in this
market include:
• China
• Japan
• Australia & New Zealand
• India
• South Korea
• ASEAN countries
• Rest of APAC countries
The Government of Japan is
focusing on developing the country’s infrastructure, in a bid to provide
momentum to its construction industry. The Olympic Games, slated for August
2021, will be hosted by Japan this time, and this is expected to be a major
driving force behind the industry’s growth over the forecasting period.
According to estimates, $8.4 billion will be required to develop games-related
infrastructure in the country. Also, infrastructure construction is anticipated
to be the fastest-growing market in the industry in the projected period. In
addition, the growing urbanization in the country is generating a huge demand
for residential construction. Epoxy resins are widely used for construction and
infrastructural development purposes. Therefore, the growth in these industries
will enhance the demand for epoxy resins. This, in turn, will propel the growth
of the studied market in Japan.
Meanwhile, the demand for
epoxy resins in China has grown at a fast pace in the past couple of years.
And, in the forthcoming years, epoxy production and demand are expected to
continue to grow further. China’s construction industry is also expected to
witness strong growth in the coming years. Thanks to the improved market
conditions and advancements in technology, the sector has witnessed impressive
growth in terms of sales. Also, China’s construction sector is offering
potential growth prospects to both domestic as well as international companies.
Also, with the improving economic conditions, new market trends in the field of
construction are being observed. As one of the major consumers of epoxy resins,
the growth in the construction market will benefit the market for epoxy resins
in China in the projected period.
Aditya Birla Chemicals Ltd.
(ABC), is a subsidiary of the Aditya Birla Group, manufacturing specialty and
bulk chemicals. The company has a business presence in India, China, Germany,
and Thailand. In India, ABC has around 7 manufacturing locations, and is a
major manufacturer of viscose filament yarns and color-alkalis. The company’s
product portfolio consists of epoxy resins, sulfites, chlor-alkali, peroxides, chlorine
derivatives, phosphates & phosphoric acids, fluorine chemicals, and viscose
filament yarns. ABC caters to a range of end-user industries, including
textiles, water treatment, civil engineering, metal treatment, electrical
industry, wind energy, detergents, composites, personal care products, and others.
The India-based company is headquartered in Mumbai, Maharashtra.
1. ASIA-PACIFIC
EPOXY RESINS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
SCOPE
2.2. KEY
INSIGHTS
2.2.1. EPOXIES
ARE THE LARGEST COMPONENT OF THE EPOXY RESINS MARKET
2.2.2. NOVOLAC
(FORMALDEHYDE & PHENOLS) IS THE FASTEST-GROWING RAW MATERIAL OF THE EPOXY
RESINS MARKET
2.2.3. PAINTS
& COATINGS IS THE LARGEST APPLICATION IN THE EPOXY RESINS MARKET
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF SUPPLIERS
2.3.4. BARGAINING
POWER OF BUYERS
2.3.5. INTENSITY
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. MARKET
DRIVERS
2.6.1. STRONG
DEMAND FOR EPOXY RESINS IN THE AEROSPACE INDUSTRY
2.6.2. DEMAND
FOR PAINTS AND COATINGS
2.6.3. R&D
IN THE EPOXY RESIN TECHNOLOGY
2.7. MARKET
RESTRAINTS
2.7.1. FLUCTUATING
RAW MATERIAL PRICES
2.7.2. HEALTH
HAZARDS ASSOCIATED WITH BPA-BASED PRODUCTS
2.7.3. EMERGENCE
OF ALTERNATIVES
2.8. MARKET
OPPORTUNITIES
2.8.1. GROWTH
IN ADOPTION OF MODIFIED RESINS
2.8.2. GROWING
WIND ENERGY MARKET
2.8.3. USE OF
NATURAL RAW MATERIALS FOR EPOXY RESINS PRODUCTION
2.9. KEY
STRATEGIC DEVELOPMENTS
2.10. KEY
STRATEGIC DEVELOPMENTS
2.10.1. CONTRACTS
& PARTNERSHIPS
2.10.2. BUSINESS
EXPANSIONS & DIVESTITURES
2.10.3. ACQUISITIONS
& MERGERS
2.10.4. NEW
PRODUCT LAUNCHES
2.11. IMPACT
OF CORONAVIRUS ON THE INDUSTRY
3. EPOXY
RESINS MARKET OUTLOOK - BY APPLICATION
3.1. PAINTS
& COATINGS
3.2. ELECTRICAL
& ELECTRONICS
3.3. CONSTRUCTION
3.4. ADHESIVES
3.5. WIND
TURBINE
3.6. COMPOSITES
3.7. OTHER
APPLICATIONS
4. EPOXY
RESINS MARKET OUTLOOK - BY RAW MATERIAL
4.1. DGBEA
(BISPHENOL A & ECH)
4.2. DGBEF
(BISPHENOL F & ECH)
4.3. NOVOLAC
(FORMALDEHYDE & PHENOLS)
4.4. ALIPHATIC
(ALIPHATIC ALCOHOLS)
4.5. GLYCIDYLAMINE
(AROMATIC AMINES & ECH)
4.6. OTHER
RAW MATERIAL
5. EPOXY
RESINS MARKET OUTLOOK - BY COMPONENT
5.1. EPOXIES
5.2. HARDENERS
6. EPOXY
RESINS MARKET – ASIA-PACIFIC
6.1. CHINA
6.2. JAPAN
6.3. INDIA
6.4. SOUTH
KOREA
6.5. ASEAN
COUNTRIES
6.6. AUSTRALIA
& NEW ZEALAND
6.7. REST
OF ASIA-PACIFIC
7. COMPETITIVE
LANDSCAPE
7.1. 3M
COMPANY
7.2. ADITYA
BIRLA CHEMICALS LTD
7.3. BASF
7.4. CHANG
CHUN PLASTICS CO LTD
7.5. CYTEC
INDUSTRIES INCORPORATION (SOLVAY)
7.6. DUPONT
7.7. HUNTSMAN
CORPORATION
7.8. JUBAIL
CHEMICAL INDUSTRIES COMPANY LIMITED
7.9. KUKDO CHEMICAL
CO LTD
7.10. MOMENTIVE
PERFORMANCE MATERIALS HOLDINGS LLC
7.11. SINOPEC
BALING CO
7.12. DOW
CHEMICALS
7.13. NAN YA
PLASTICS
7.14. CLARIANT
AG
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA PACIFIC EPOXY
RESINS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: ASIA PACIFIC EPOXY
RESINS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 4: ASIA PACIFIC EPOXY
RESINS MARKET, BY RAW MATERIAL, 2021-2028 (IN $ MILLION)
TABLE 5: ASIA PACIFIC EPOXY
RESINS MARKET, BY COMPONENT, 2021-2028 (IN $ MILLION)
TABLE 6: ASIA PACIFIC EPOXY
RESINS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
FIGURE 1: ASIA PACIFIC EPOXY
RESINS MARKET, BY APPLICATION, 2020 & 2028 (IN %)
FIGURE 2: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 3: MARKET
ATTRACTIVENESS INDEX
FIGURE 4: ASIA PACIFIC EPOXY
RESINS MARKET, BY PAINTS & COATINGS, 2021-2028 (IN $ MILLION)
FIGURE 5: ASIA PACIFIC EPOXY
RESINS MARKET, BY ELECTRICAL & ELECTRONICS, 2021-2028 (IN $ MILLION)
FIGURE 6: ASIA PACIFIC EPOXY
RESINS MARKET, BY CONSTRUCTION, 2021-2028 (IN $ MILLION)
FIGURE 7: ASIA PACIFIC EPOXY
RESINS MARKET, BY ADHESIVES, 2021-2028 (IN $ MILLION)
FIGURE 8: ASIA PACIFIC EPOXY
RESINS MARKET, BY WIND TURBINE, 2021-2028 (IN $ MILLION)
FIGURE 9: ASIA PACIFIC EPOXY
RESINS MARKET, BY COMPOSITES, 2021-2028 (IN $ MILLION)
FIGURE 10: ASIA PACIFIC EPOXY
RESINS MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)
FIGURE 11: ASIA PACIFIC EPOXY
RESINS MARKET, BY DGBEA (BISPHENOL A & ECH), 2021-2028 (IN $ MILLION)
FIGURE 12: ASIA PACIFIC EPOXY
RESINS MARKET, BY DGBEF (BISPHENOL F & ECH), 2021-2028 (IN $ MILLION)
FIGURE 13: ASIA PACIFIC EPOXY
RESINS MARKET, BY NOVOLAC (FORMALDEHYDE & PHENOLS), 2021-2028 (IN $ MILLION)
FIGURE 14: ASIA PACIFIC EPOXY
RESINS MARKET, BY ALIPHATIC (ALIPHATIC ALCOHOLS), 2021-2028 (IN $ MILLION)
FIGURE 15: ASIA PACIFIC EPOXY
RESINS MARKET, BY GLYCIDYLAMINE (AROMATIC AMINES & ECH), 2021-2028 (IN $
MILLION)
FIGURE 16: ASIA PACIFIC EPOXY
RESINS MARKET, BY OTHER RAW MATERIAL, 2021-2028 (IN $ MILLION)
FIGURE 17: ASIA PACIFIC EPOXY
RESINS MARKET, BY EPOXIES, 2021-2028 (IN $ MILLION)
FIGURE 18: ASIA PACIFIC EPOXY
RESINS MARKET, BY HARDENERS, 2021-2028 (IN $ MILLION)
FIGURE 19: ASIA PACIFIC EPOXY
RESINS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 20: CHINA EPOXY RESINS
MARKET 2021-2028 (IN $ MILLION)
FIGURE 21: JAPAN EPOXY RESINS
MARKET 2021-2028 (IN $ MILLION)
FIGURE 22: INDIA EPOXY RESINS
MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: SOUTH KOREA EPOXY
RESINS MARKET 2021-2028 (IN $ MILLION)
FIGURE 24: ASEAN COUNTRIES
EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)
FIGURE 25: AUSTRALIA & NEW
ZEALAND EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)
FIGURE 26: REST OF
ASIA-PACIFIC EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)