Few Diverse Global Players Dominate the Market despite Presence of about ~300 Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on Global Epoxy Resin Market by Ken Research
Epoxy resin refers to a class of reactive prepolymers and polymers containing epoxy groups. These resins react with themselves or with many co-reactants such as amines, phenols, and thiols in the presence of catalysts. Epoxy resin is a type of resin with robust mechanical properties, excellent chemical resistance, and high adhesive strength, making it very useful in a variety of applications. It is used extensively for the manufacture of aircraft parts due to its superiority in providing thermal and chemical resistance as compared to other types of resins. Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.
Country-Niche Players constitute 60% of the Total Number of Companies in the Epoxy Resin Market.
A comprehensive competitive analysis conducted during the Research Study found that the Global Epoxy Resin Market is highly competitive with ~300 players which include globally diversified players, regional players as well as a large number of country-niche players. The Country-Niche players comprise about 60% in terms of the number of companies followed by regional players with 25% of the total competitors. Most of the country-niche players are having few resin products for several end-use industries such as paint & cosmetics, building & construction, automotive, and others.
Request For Sample Report @https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTE3
Expansion of Construction and Aviation Industries and increasing manufacture of lightweight and commercial vehicles are expected to be the Primary Drivers of this Market
Detailed comparative analysis of key competitors available within the Research Study shows that major players such as 3M, BASF SE, Huntsman International LLC, Hexion, and The Dow Chemical Company are highly focused on providing a significant number of epoxy resin products that can be used across multiple industries, including building & construction, transportation, aerospace, and more. Furthermore, several companies and organizations are aggressively investing in Research & Development activities and are focusing on acquisitions and mergers with specialized players for the development of advanced resins made out of using different raw materials. Many players are focusing on developing multiple types of epoxy resins in the chemicals industry that help in the manufacturing of new products in the market.
- In November 2021, 3M launched Scotchbond Universal Plus Adhesive and 3M Relyx Universal Resin Cement. Both the products can be used together and allow the optimization of direct and indirect restorations.
- In September 2021, BASF SE introduced an additive solution, IrgaCycle for the mechanical recycling of plastics. The product improved the properties of mechanically recycled plastics for different target industries
- In February 2022, BASF SE announced the expansion of its offerings of polyamides and polyphthalamides in Europe.
- In September 2022, BASF SE announced a partnership with RiKarbon on emollients derived from bio-waste.
The pandemic of COVID-19 had negatively impacted the global epoxy resin market.
The market was negatively impacted by the COVID-19 pandemic in 2020, owing to the strict regulations in several countries. This affected various industries including paints and coatings, adhesives and sealants, electrical and electronics, and others. The global pandemic caused a ban on imports-exports that disrupted the supply chain, work stoppages, and labor shortages, thereby hampering the market.
The demand for epoxy resin decreased in the aerospace, transportation, and marine industries, as all the industries were shut and due to this, demand for resin had been impacted negatively. However, the situation is likely to improve in the year 2022, due to the burgeoning growth of the construction and other related industries.
Increased Strategical Investments in the Chemicals Industry, as well as New Stringent Strategies to Promote Epoxy Resin Products Led to Major Industry-Wide Developments, Acquisitions, and Deal-Wins.
In the construction industry, there have been many initiatives taken by the Government that impacted the growth of the epoxy resin market. For instance,
- In February 2022, the U.S. Congress approved the Infrastructure Investment of US$ 1,200 Bn, including US$550 billion for transportation, US$110 billion for roads, and US$40 billion for repair and replacement of bridges.
- In December 2021, Huntsman Corporation acquired Gabriel Performance Products, a North American specialty chemical manufacturer. The acquired company is a manufacturer of specialty additives and epoxy curing agents for coatings, adhesives, sealants, and composite end-markets.
- In December 2020, Kukdo Chemicals opened its epoxy manufacturing plant in India. The plant has a production capacity of 40,000 tons per annum. The company offers epoxy solutions to customers and it’s the second overseas unit set up in India after China in the Asia Pacific region.
In July 2020, Engineered Polymer Solutions (EPS) introduced its new EPS 2400 series in North America. It includes six waterborne acrylic resins that can provide high-performance solutions to wood coating formulators. These can also be used for flooring, furniture, and cabinetry.
Request For Sample Report @https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTE3
Key Topics Covered in the Report
- Snapshot of Global Epoxy Resin Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Epoxy Resin Market
- Historic Growth of Overall Global Epoxy Resin Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of Global Epoxy Resin Industry
- Overview, Product Offerings, and Strength & Weakness of Key Competitors
- Covid-19 Impact on the Overall Global Epoxy Resin Market
- Future Market Forecast and Growth Rates of the Total Global Epoxy Resin Market and by Segments
- Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
- Analysis of Global Epoxy Resin Market
- Major Production/Supply and Consumption/Demand Hubs within Each Region
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Region
Major Companies Mentioned in the Report
- 3M
- BASF SE
- Huntsman International LLC
- Hexion
- The Dow Chemical Company
- Kukdo Chemical Co., Ltd
- Solvay
- Olin Corporation
- China Petrochemical Corporation
- Aditya Birla Management Corporation Pvt. Ltd.
- Kolon Industries, Inc
Notable Emerging Companies Mentioned in the Report
- Jubail Chemical Industries LLC
- Macro Polymers
- NAMA Chemicals
- Techstorm
- Spolchemie
- Jiangsu Sanmu Group Co., Ltd.
- DIC Corporation
- Atul Ltd
- NAGASE & Co., Ltd.
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Epoxy Resin Manufacturers
- DGBEA Raw Materials Suppliers
- DGBEF Raw Materials Suppliers
- Novolac Raw Materials Suppliers
- Aliphatic Raw Materials Suppliers
- Glycidylamine Raw Materials Suppliers
- Solvent Cut Epoxy Technology Manufacturers
- Liquid Epoxy Technology Manufacturers
- Waterborne Epoxy Technology Manufacturers
- Epoxy Resin Distributors
- Emerging and Startup Epoxy Resin Companies in the Market
- Government Departments of Polymers and Other Chemicals
- Ministries and Departments of Paint & Coating
- Ministries and Departments of Construction Materials
- Importers and Distributors of Epoxy Resin
- Chemicals Testing and Regulatory Authorities
- Chemicals Research Institutes
Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022-2028F
For More Information on the Research Report, refer to below links: –
Global Epoxy Resin Market: Ken Research
Follow Us