Asia-Pacific Epoxy Resins Market Size (2024 - 2029)

The Asia-Pacific epoxy resins market is anticipated to experience significant expansion, driven by the robust growth of the construction sector and increasing demand for electrical and electronic devices. However, concerns regarding the health impacts of epoxy and the lingering effects of the COVID-19 pandemic are likely to pose challenges to this growth. Within the region, China holds a leading position in the market, followed by India and Japan.

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Market Size of Asia-Pacific Epoxy Resins Industry

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Asia-Pacific Epoxy Resins Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.00 %
Market Concentration Low

Major Players

Asia-Pacific Epoxy Resins Market Major Players

*Disclaimer: Major Players sorted in no particular order

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APAC Epoxy Resins Market Analysis

The market for Asia-Pacific epoxy resins is expected to grow at a CAGR of over 5% globally during the forecast period. Strong growth of the construction industry and riding demand for electrical and electronic devices are driving the market growth.

  • Health impacts of epoxy on health and impact of COVID-19 pandemic are expected to hinder the growth of the market.
  • China dominated the Asia-Pacific epoxy resins market followed by India and Japan.

APAC Epoxy Resins Industry Segmentation

The Asia-Pacific epoxy resins Market report include:

Raw Material
DGBEA (Bisphenol A and ECH)
DGBEF (Bisphenol F and ECH)
Novolac (Formaldehyde and Phenols)
Aliphatic (Aliphatic Alcohols)
Glycidylamine (Aromatic Amines and ECH)
Other Raw Materials
Application
Paints and Coatings
Adhesives and Sealants
Composites
Electrical and Electronics
Wind Turbines
Other Applications
Geography
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
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Asia-Pacific Epoxy Resins Market Size Summary

The Asia-Pacific epoxy resins market is poised for significant growth, driven by the robust expansion of the construction industry and the increasing demand for electrical and electronic devices. Epoxy resins, known for their strength, durability, and chemical resistance, are extensively used in coatings to enhance the durability of floors and metal applications. Their quick drying, toughness, and excellent adhesion properties make them ideal for protecting metals and other surfaces. The automotive, marine, and aerospace sectors also utilize epoxy coatings for corrosion protection. The rapid growth in the paints and coatings industry, particularly in automotive and industrial applications, is expected to further propel the demand for epoxy resins in the region.

China stands out as a dominant force in the Asia-Pacific epoxy resins market, largely due to its expansive electronics manufacturing base and substantial construction activities. The country's electronics sector, bolstered by rising disposable incomes, is experiencing steady growth, driving the demand for epoxy resins. Additionally, China's construction industry, a significant contributor to its GDP, continues to thrive, further boosting the market for paints and coatings. Despite challenges such as health impacts and the lingering effects of the COVID-19 pandemic, the market remains partially fragmented with key players like 3M, Covestro AG, Hexion, Huntsman International LLC, and Olin Corporation actively participating in the region.

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Asia-Pacific Epoxy Resins Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Strong Growth of the Construction Industry

      2. 1.1.2 Rising Demand for Electrical and Electronic Devices

    2. 1.2 Restraints

      1. 1.2.1 Hazardous Impact of Epoxy on Health

      2. 1.2.2 Impact of COVID-19 Pandemic

      3. 1.2.3 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Raw Material

      1. 2.1.1 DGBEA (Bisphenol A and ECH)

      2. 2.1.2 DGBEF (Bisphenol F and ECH)

      3. 2.1.3 Novolac (Formaldehyde and Phenols)

      4. 2.1.4 Aliphatic (Aliphatic Alcohols)

      5. 2.1.5 Glycidylamine (Aromatic Amines and ECH)

      6. 2.1.6 Other Raw Materials

    2. 2.2 Application

      1. 2.2.1 Paints and Coatings

      2. 2.2.2 Adhesives and Sealants

      3. 2.2.3 Composites

      4. 2.2.4 Electrical and Electronics

      5. 2.2.5 Wind Turbines

      6. 2.2.6 Other Applications

    3. 2.3 Geography

      1. 2.3.1 China

      2. 2.3.2 India

      3. 2.3.3 Japan

      4. 2.3.4 South Korea

      5. 2.3.5 ASEAN Countries

      6. 2.3.6 Rest of Asia-Pacific

Asia-Pacific Epoxy Resins Market Size FAQs

The Asia-Pacific Epoxy Resins Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

3M, Covestro AG , Hexion, Huntsman International LLC and Olin Corporation are the major companies operating in the Asia-Pacific Epoxy Resins Market.

APAC Epoxy Resins Market Report Snapshots

APAC Epoxy Resins Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)