The Asia-Pacific epoxy resins market is predicted to register a CAGR of 5.26% over the forecasted years 2022 to 2030, acquiring a revenue share of $6930.72 million by 2030.

ASIA-PACIFIC EPOXY RESINS MARKET FORECAST 2022-2030

Asia-Pacific Epoxy Resins Market by Component (Epoxies, Hardeners) Market by Raw Material (DGBEA, DGBEF, NOVOLAC, Aliphatic, Glycidyl Amine, Other Raw Materials) Market by Application (Paints & Coatings, Electrical & Electronics, Construction, Adhesives, Wind Turbine, Composites, Other Applications) by Geography

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The Asia-Pacific epoxy resins market is predicted to register a CAGR of 5.26% over the forecasted years 2022 to 2030, acquiring a revenue share of $6930.72 million by 2030.

The regional market’s growth is mainly credited to the high population base, the advancements in multiple industries, and the developing research & development sector. However, the unstable industrial policies in various countries may hinder the market’s growth.

Asia-Pacific Epoxy Resins Market

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The Asia-Pacific epoxy resins market growth study comprises the analysis of Japan, Australia & New Zealand, India, Vietnam, Indonesia, South Korea, China, Thailand, and Rest of Asia-Pacific. The demand for epoxy resin in China has grown rapidly over the last ten years. Moreover, in the upcoming decade, both production as well as demand, will continue rising in the country’s market. The economy in China maintains an accelerated growth, facilitated by the subsequent increase in import & export, capital investment, industrial output, and consumer consumption. The country’s construction market is also expected to record robust growth in the medium to long-term future, fuelled by a surge in technological advancements and market conditions.

On the other hand, Japan is a well-developed nation with one of the most advanced infrastructures. Industrialization propelled by various government initiatives, in addition to significant incoming investments, has bolstered the demand for infrastructure and electronics in Japan, as well. Also, the presence of key automotive manufacturers, including Lexus, Suzuki, TOYOTA, Mazda, Nissan, and others, fuels the demand for epoxy resins in the country. Therefore, these factors are set to augment the market growth in the Asia-Pacific during the forecast period.

The Asia-Pacific epoxy resins market is segmented into component, application, and raw material. The application category is further classified into electrical & electronics, composites, paints & coatings, wind turbine, construction, adhesives, and other applications. Epoxy resins are widely utilized for manufacturing numerous advanced composites materials. Advanced composite materials, also characterized as advanced polymer matrix composites, typically entail remarkably high stiffness with extremely high strength fibers in comparison to other materials. These materials are divided into two types, namely, thermoplastics and thermosets.

Epoxies have broad applications in the marine and automotive industry, as well. Other key applications within the automotive sector include the production of body parts in order to manufacture lightweight fuel-efficient vehicles as well as adhesives in engine components. In the marine industry, epoxies are utilized for numerous purposes. For instance, since they have better mechanical properties compared to polyester resins, epoxies are used for producing components necessitating a higher strength-to-weight ratio.

The top players operating in the Asia-Pacific epoxy resin market are Chang Chun Plastics Company Ltd, Aditya Birla Chemicals Ltd, Kukdo Chemical Co Ltd, etc.

Chang Chun Plastics Company Ltd, headquartered in Taiwan, produces paper, formalin, copper-clad laminate board, melamine molding compound, epoxy resins, epoxy molding compound, and paraformaldehyde. It distributes its products overseas and domestically, used for dinnerware, construction, semiconductors, containers, and home appliances.

The company’s products include Brominated Epoxy Resins, Multifunctional Epoxy Resins, Bisphenol A Epoxy Resins, Phenolic Epoxy Resins, Halogen-Free Epoxy Resins, and Bisphenol F Liquid Epoxy Resin.

Report Synopsis

Report ScopeDetails
Market Forecast Years2022-2030
Base Year2021
Market Historical Years2018-2021
Forecast UnitsRevenue (Million)
Segments AnalyzedComponent, Raw Material, and Application
Countries AnalyzedChina, Japan, South Korea, Thailand, Australia & New Zealand, India, Indonesia, Vietnam, and Rest of Asia-Pacific
Companies Analyzed

3M Company, Aditya Birla Chemicals Ltd, BASF, Momentive Performance Materials Holdings Llc, Nan Ya Plastics, Sinopec Baling Co, Dow Chemicals, DuPont, Huntsman Corporation, Cytec Industries Incorporation (Solvay), Jubail Chemical Industries Company Limited, Clariant AG, Kukdo Chemical Co Ltd, Chang Chun Plastics Co Ltd.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • PARENT MARKET ANALYSIS – RESINS MARKET
      • DEVELOPMENT OF EPOXY RESINS
      • KEY DRIVERS
        • DEVELOPMENTS IN THE WIND ENERGY MARKET
        • RISING DEMAND FOR EPOXY RESINS IN THE AEROSPACE INDUSTRY
        • GROWING DEMAND FOR PAINTS AND COATINGS
        • GROWING DEMAND FOR MODIFIED EPOXY RESINS
      • KEY RESTRAINTS
        • AWARENESS REGARDING HEALTH HAZARDS ASSOCIATED WITH BPA-BASED PRODUCTS
        • GROWING INTEREST IN ALTERNATE RESINS
        • FLUCTUATING RAW MATERIAL PRICES
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON EPOXY RESINS MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
    2. MARKET BY COMPONENT
      • EPOXIES
      • HARDENERS
    3. MARKET BY RAW MATERIAL
      • DGBEA (BISPHENOL A & ECH)
      • DGBEF (BISPHENOL F & ECH)
      • NOVOLAC (FORMALDEHYDE & PHENOLS)
      • ALIPHATIC (ALIPHATIC ALCOHOLS)
      • GLYCIDYL AMINE (AROMATIC AMINES & ECH)
      • OTHER RAW MATERIALS
    4. MARKET BY APPLICATION
      • PAINTS & COATINGS
      • ELECTRICAL & ELECTRONICS
      • CONSTRUCTION
      • ADHESIVES
      • WIND TURBINE
      • COMPOSITES
      • OTHER APPLICATIONS
    5. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • VIETNAM
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS, CONTRACTS/AGREEMENTS & COLLABORATIONS
        • BUSINESS EXPANSIONS
      • COMPANY PROFILES
        • 3M COMPANY
        • ADITYA BIRLA CHEMICALS LTD
        • BASF
        • CHANG CHUN PLASTICS CO LTD
        • CLARIANT AG
        • CYTEC INDUSTRIES INCORPORATION (SOLVAY)
        • DOW CHEMICALS
        • DUPONT
        • HUNTSMAN CORPORATION
        • JUBAIL CHEMICAL INDUSTRIES COMPANY LIMITED
        • KUKDO CHEMICAL CO LTD
        • MOMENTIVE PERFORMANCE MATERIALS HOLDINGS LLC
        • NAN YA PLASTICS
        • SINOPEC BALING CO

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – EPOXY RESINS

    TABLE 2: ASIA-PACIFIC EPOXY RESINS MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 3: ASIA-PACIFIC EPOXY RESINS MARKET, BY COMPONENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 4: ASIA-PACIFIC EPOXY RESINS MARKET, BY RAW MATERIAL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: ASIA-PACIFIC EPOXY RESINS MARKET, BY RAW MATERIAL, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 6: ASIA-PACIFIC EPOXY RESINS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: ASIA-PACIFIC EPOXY RESINS MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 8: ASIA-PACIFIC EPOXY RESINS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9: ASIA-PACIFIC EPOXY RESINS MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 10: KEY PLAYERS OPERATING IN ASIA-PACIFIC EPOXY RESINS MARKET

    TABLE 11: LIST OF MERGERS & ACQUISITIONS

    TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 13: LIST OF PARTNERSHIPS, CONTRACTS/AGREEMENTS & COLLABORATIONS

    TABLE 14: LIST OF BUSINESS EXPANSIONS                        

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: ASIA-PACIFIC EPOXY RESINS MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021

    FIGURE 6: ASIA-PACIFIC EPOXY RESINS MARKET, BY EPOXIES, 2022-2030 (IN $ MILLION)

    FIGURE 7: ASIA-PACIFIC EPOXY RESINS MARKET, BY HARDENERS, 2022-2030 (IN $ MILLION)

    FIGURE 8: ASIA-PACIFIC EPOXY RESINS MARKET, GROWTH POTENTIAL, BY RAW MATERIAL, IN 2021

    FIGURE 9: ASIA-PACIFIC EPOXY RESINS MARKET, BY DGBEA (BISPHENOL A & ECH), 2022-2030 (IN $ MILLION)

    FIGURE 10: ASIA-PACIFIC EPOXY RESINS MARKET, BY DGBEF (BISPHENOL F & ECH), 2022-2030 (IN $ MILLION)

    FIGURE 11: ASIA-PACIFIC EPOXY RESINS MARKET, BY NOVOLAC (FORMALDEHYDE & PHENOLS), 2022-2030 (IN $ MILLION)

    FIGURE 12: ASIA-PACIFIC EPOXY RESINS MARKET, BY ALIPHATIC (ALIPHATIC ALCOHOLS), 2022-2030 (IN $ MILLION)

    FIGURE 13: ASIA-PACIFIC EPOXY RESINS MARKET, BY GLYCIDYL AMINE (AROMATIC AMINES & ECH), 2022-2030 (IN $ MILLION)

    FIGURE 14: ASIA-PACIFIC EPOXY RESINS MARKET, BY OTHER RAW MATERIALS, 2022-2030 (IN $ MILLION)

    FIGURE 15: ASIA-PACIFIC EPOXY RESINS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021

    FIGURE 16: ASIA-PACIFIC EPOXY RESINS MARKET, BY PAINTS & COATINGS, 2022-2030 (IN $ MILLION)

    FIGURE 17: ASIA-PACIFIC EPOXY RESINS MARKET, BY ELECTRICAL & ELECTRONICS, 2022-2030 (IN $ MILLION)

    FIGURE 18: ASIA-PACIFIC EPOXY RESINS MARKET, BY CONSTRUCTION, 2022-2030 (IN $ MILLION)

    FIGURE 19: ASIA-PACIFIC EPOXY RESINS MARKET, BY ADHESIVES, 2022-2030 (IN $ MILLION)

    FIGURE 20: ASIA-PACIFIC EPOXY RESINS MARKET, BY WIND TURBINE, 2022-2030 (IN $ MILLION)

    FIGURE 21: ASIA-PACIFIC EPOXY RESINS MARKET, BY COMPOSITES, 2022-2030 (IN $ MILLION)

    FIGURE 22: ASIA-PACIFIC EPOXY RESINS MARKET, BY OTHER APPLICATIONS, 2022-2030 (IN $ MILLION)

    FIGURE 23: ASIA-PACIFIC EPOXY RESINS MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 24: CHINA EPOXY RESINS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 25: JAPAN EPOXY RESINS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 26: INDIA EPOXY RESINS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 27: SOUTH KOREA EPOXY RESINS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 28: INDONESIA EPOXY RESINS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 29: THAILAND EPOXY RESINS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 30: VIETNAM EPOXY RESINS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 31: AUSTRALIA & NEW ZEALAND EPOXY RESINS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 32: REST OF ASIA-PACIFIC EPOXY RESINS MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • VIETNAM
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. MARKET BY COMPONENT
      • EPOXIES
      • HARDENERS
    2. MARKET BY RAW MATERIAL
      • DGBEA (BISPHENOL A & ECH)
      • DGBEF (BISPHENOL F & ECH)
      • NOVOLAC (FORMALDEHYDE & PHENOLS)
      • ALIPHATIC (ALIPHATIC ALCOHOLS)
      • GLYCIDYL AMINE (AROMATIC AMINES & ECH)
      • OTHER RAW MATERIALS
    3. MARKET BY APPLICATION
      • PAINTS & COATINGS
      • ELECTRICAL & ELECTRONICS
      • CONSTRUCTION
      • ADHESIVES
      • WIND TURBINE
      • COMPOSITES
      • OTHER APPLICATIONS

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