Market by Application, Raw Material, Component, and Country | Forecast 2021-2028
Triton’s research on the
Europe epoxy resins market depicts it to grow at a CAGR of 4.96% in terms of
revenue over the projected phase of 2021-2028.
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The countries scrutinized in
this market are:
• The United Kingdom
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe countries
In the United Kingdom, besides
coatings and other applications, epoxy resins are also largely used in printed
circuit boards (PCBs), rail industry infrastructures, and wind turbines. There
has been a large increase in the exports of wind turbines in recent years.
Owing to this reason, the adoption of epoxy resins is high in the country.
The residential construction
sector in the UK is also poised to grow substantially in the upcoming years.
The government, in 2019, announced an additional housing stimulus package
amounting to $20.12 billion to be invested by 2022, bringing the total support
for the housing sector to a minimum of $57.87 billion over this period. The
energy sector, as well as the construction sector, largely make use of epoxy
resins. Therefore, growth in these sectors will provide an impetus to the
United Kingdom epoxy resins market over the forecasting period.
Germany is among the major
automotive industries in the world, owing to the presence of renowned
manufacturing companies, such as Volkswagen, BMW, Mercedes-Benz, Audi, etc., in
the country. According to German Trade & Invest (GTAI), in 2017, the
country manufactured 16.4 million vehicle units. The automotive industry in the
country is thus growing, which, in turn, is propelling the demand for epoxy
resins.
Germany is Europe’s financial
powerhouse and construction is probably its most significant growth driver.
There are many factors responsible for the notable boost of the nation’s
construction sector, including growing investments and low interest rates. The
growth in the construction industry will fuel the demand for epoxy resins. The
growing demand from these sectors is influencing the growth of the epoxy resins
market in Germany.
Clariant AG is a Swiss specialty
chemicals company. Its products and services are categorized into four business
areas: Catalysis & Energy, Care Chemicals, Plastics & Coatings, and
Natural Resources. Clariant has a balanced portfolio with high profitability,
low cyclicality, and significant growth potential. A strong focus on R&D
helps the company strengthen its product portfolio through the introduction of
innovative products in the market. Clariant is headquartered in Muttenz, Basel.
1. EUROPE
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 – EUROPE
6.1. UNITED
KINGDOM
6.2. GERMANY
6.3. FRANCE
6.4. SPAIN
6.5. ITALY
6.6. RUSSIA
6.7. REST
OF EUROPE
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: EUROPE EPOXY RESINS
MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: EUROPE EPOXY RESINS
MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 4: EUROPE EPOXY RESINS
MARKET, BY RAW MATERIAL, 2021-2028 (IN $ MILLION)
TABLE 5: EUROPE EPOXY RESINS
MARKET, BY COMPONENT, 2021-2028 (IN $ MILLION)
TABLE 6: EUROPE EPOXY RESINS
MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
FIGURE 1: EUROPE EPOXY RESINS
MARKET, BY APPLICATION, 2020 & 2028 (IN %)
FIGURE 2: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 3: MARKET
ATTRACTIVENESS INDEX
FIGURE 4: EUROPE EPOXY RESINS
MARKET, BY PAINTS & COATINGS, 2021-2028 (IN $ MILLION)
FIGURE 5: EUROPE EPOXY RESINS
MARKET, BY ELECTRICAL & ELECTRONICS, 2021-2028 (IN $ MILLION)
FIGURE 6: EUROPE EPOXY RESINS
MARKET, BY CONSTRUCTION, 2021-2028 (IN $ MILLION)
FIGURE 7: EUROPE EPOXY RESINS
MARKET, BY ADHESIVES, 2021-2028 (IN $ MILLION)
FIGURE 8: EUROPE EPOXY RESINS
MARKET, BY WIND TURBINE, 2021-2028 (IN $ MILLION)
FIGURE 9: EUROPE EPOXY RESINS
MARKET, BY COMPOSITES, 2021-2028 (IN $ MILLION)
FIGURE 10: EUROPE EPOXY RESINS
MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION
FIGURE 11: EUROPE EPOXY RESINS
MARKET, BY DGBEA (BISPHENOL A & ECH), 2021-2028 (IN $ MILLION)
FIGURE 12: EUROPE EPOXY RESINS
MARKET, BY DGBEF (BISPHENOL F & ECH), 2021-2028 (IN $ MILLION)
FIGURE 13: EUROPE EPOXY RESINS
MARKET, BY NOVOLAC (FORMALDEHYDE & PHENOLS), 2021-2028 (IN $ MILLION)
FIGURE 14: EUROPE EPOXY RESINS
MARKET, BY ALIPHATIC (ALIPHATIC ALCOHOLS), 2021-2028 (IN $ MILLION)
FIGURE 15: EUROPE EPOXY RESINS
MARKET, BY GLYCIDYLAMINE (AROMATIC AMINES & ECH), 2021-2028 (IN $ MILLION)
FIGURE 16: EUROPE EPOXY RESINS
MARKET, BY OTHER RAW MATERIAL, 2021-2028 (IN $ MILLION)
FIGURE 17: EUROPE EPOXY RESINS
MARKET, BY EPOXIES, 2021-2028 (IN $ MILLION)
FIGURE 18: EUROPE EPOXY RESINS
MARKET, BY HARDENERS, 2021-2028 (IN $ MILLION)
FIGURE 19: EUROPE EPOXY RESINS
MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 20: UNITED KINGDOM
EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)
FIGURE 21: GERMANY EPOXY
RESINS MARKET 2021-2028 (IN $ MILLION)
FIGURE 22: FRANCE EPOXY RESINS
MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: SPAIN EPOXY RESINS
MARKET 2021-2028 (IN $ MILLION)
FIGURE 24: ITALY EPOXY RESINS
MARKET 2021-2028 (IN $ MILLION)
FIGURE 25: RUSSIA EPOXY RESINS
MARKET 2021-2028 (IN $ MILLION)
FIGURE 26: REST OF EUROPE
EPOXY RESINS MARKET 2021-2028 (IN $ MILLION)