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.

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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.

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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.

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Table of contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (thousand t)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (thousand t)
• Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global epoxy resin market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global epoxy resin market 2017 - 2021 (thousand t)

• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 (thousand t)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 (thousand t)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (thousand t)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (thousand t)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Paints and coatings - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Paints and coatings - Market size and forecast 2022-2027 (thousand t)
• Exhibit 35: Data Table on Paints and coatings - Market size and forecast 2022-2027 (thousand t)
• Exhibit 36: Chart on Paints and coatings - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Paints and coatings - Year-over-year growth 2022-2027 (%)

• 6.4 Adhesives and sealants - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Adhesives and sealants - Market size and forecast 2022-2027 (thousand t)
• Exhibit 39: Data Table on Adhesives and sealants - Market size and forecast 2022-2027 (thousand t)
• Exhibit 40: Chart on Adhesives and sealants - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Adhesives and sealants - Year-over-year growth 2022-2027 (%)

• 6.5 Composites - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Composites - Market size and forecast 2022-2027 (thousand t)
• Exhibit 43: Data Table on Composites - Market size and forecast 2022-2027 (thousand t)
• Exhibit 44: Chart on Composites - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Composites - Year-over-year growth 2022-2027 (%)

• 6.6 Electronic components - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Electronic components - Market size and forecast 2022-2027 (thousand t)
• Exhibit 47: Data Table on Electronic components - Market size and forecast 2022-2027 (thousand t)
• Exhibit 48: Chart on Electronic components - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Electronic components - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027 
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 (thousand t)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 (thousand t)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Application 
• Exhibit 54: Market opportunity by Application (thousand t)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 55: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 56: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 57: Chart on Comparison by End-user
• Exhibit 58: Data Table on Comparison by End-user

• 7.3 Consumer goods - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Consumer goods - Market size and forecast 2022-2027 (thousand t)
• Exhibit 60: Data Table on Consumer goods - Market size and forecast 2022-2027 (thousand t)
• Exhibit 61: Chart on Consumer goods - Year-over-year growth 2022-2027 (%)
• 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

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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.

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