HBPA Epoxy Resin Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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HBPA Epoxy Resin Market Analysis
The market for HBPA (Hydrogenated Bisphenol A) epoxy resins is expected to register a CAGR of over 5% globally during the forecast period. The increasing demand from the paints and coatings industry and the growing demand from the electrical industry has been driving the market growth. On the flip side, volatile raw material costs have been hindering the growth of the market studied.
- The HBPA epoxy resins market is expected to grow during the forecast period, owing to the increasing demand from the paints and coatings industry.
- The Asia-Pacific region dominates the market studied across the world, with the largest consumption from countries, such as China, India, and Japan.
HBPA Epoxy Resin Market Trends
This section covers the major market trends shaping the HBPA Epoxy Resin Market according to our research experts:
Increasing demand from the Electrical Industry
- HBPA epoxy resins are widely used in the electrical industry and is expected to grow rapidly during the forecast period.
- HBPA epoxy resins are manufactured through the condensation polymerization of epichlorohydrin and bisphenol-A. HBPA epoxy resins provide high-quality insulation to the electrical appliances or electrical components.
- Because of its typical physical properties, HBPA epoxy resin is mainly used in coatings for high-voltage electrical components or equipment to protect from extreme weather conditions and prevent yellowing of surfaces, as a result of its high gloss stability.
- HBPA epoxy resins have high resistance to moisture and UV light, and higher heat deflection temperature. It also has higher impact resistance and better dimensional stability at higher temperatures.
- Moreover, HBPA epoxy resins are used in potting compounds and encapsulations in the electrical and electronics industry. The increase in demand from the electrical industry has been driving the growth of the HBPA epoxy resins market.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region is expected to dominate the market for dispersing agents during the forecast period, as a result of the increase in demand from various applications in countries, like China, India, and Japan.
- HBPA epoxy resins are widely used in the paints and coatings, construction, and electrical industry. The increase in demand for paints and coatings in the building and construction is expected to drive the market studied in the region.
- According to the National Development and Reform Commission, China, the Chinese government approved 26 infrastructure projects at an estimated investment of about USD 142 billion in 2019, which are expected to be completed by 2025.
- Moreover, HBPA epoxy resins are used as protective coatings for high- voltage equipment such as transformers, insulators, electrical coatings in the power generation industry. Furthermore, they are used during the manufacturing of windmill blades and turbines.
- As a part of India's green energy initiative, India's renewable energy capacity is expected to reach 175GW by 2022 from a current value of 85GW through solar and wind energy generation. The increase in population and rapid industrialization drives the growth of epoxy resins in the electrical industry
- The aforementioned factors, coupled with government support, have been contributing to the increasing demand for HBPA epoxy resins in the Asia-Pacific region, during the forecast period.
HBPA Epoxy Resin Industry Overview
The global HBPA epoxy resins market is partially fragmented, with players accounting for a marginal share of the market studied. Few companies include Atul Ltd, KUKDO CHEMICAL CO., LTD., Epoxy Division Aditya Birla Chemicals (Thailand) Limited, Hexion, and Mitsubishi Chemical Corporation.
HBPA Epoxy Resin Market Leaders
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Hexion
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KUKDO CHEMICAL CO., LTD.
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Epoxy Division Aditya Birla Chemicals (Thailand) Limited
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Atul Ltd
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Mitsubishi Chemical Corporation
*Disclaimer: Major Players sorted in no particular order
HBPA Epoxy Resin Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Demand from the Paints and Coatings Industry
- 4.1.2 Growing Demand from the Electrical Industry
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4.2 Restraints
- 4.2.1 Volatile Raw Material Costs
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porters Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Physical Form
- 5.1.1 Solid
- 5.1.2 Liquid
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5.2 Application
- 5.2.1 Paints and Coatings
- 5.2.2 Electrical Insulation
- 5.2.3 Construction
- 5.2.4 Other Applications
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 Italy
- 5.3.3.4 France
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle East & Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Anhui XinYuan Chemical Co. Ltd
- 6.4.2 Atul Ltd
- 6.4.3 Epoxy Division Aditya Birla Chemicals (Thailand) Limited
- 6.4.4 Hexion
- 6.4.5 Jiangsu sanmu group Co. Ltd
- 6.4.6 KUKDO CHEMICAL CO. LTD
- 6.4.7 Mitsubishi Chemical Corporation
- 6.4.8 Nagase America LLC.
- 6.4.9 Nagase ChemteX Corporation
- 6.4.10 New Japan Chemical Co. Ltd
- 6.4.11 Novel Chem
- 6.4.12 Sir Industriale
- 6.4.13 Yantai Aolifu Chemical Co. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
HBPA Epoxy Resin Industry Segmentation
The HBPA epoxy resin market report includes:
| Physical Form | Solid | |
| Liquid | ||
| Application | Paints and Coatings | |
| Electrical Insulation | ||
| Construction | ||
| Other Applications | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East & Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle East & Africa |
HBPA Epoxy Resin Market Research FAQs
What is the current HBPA Epoxy Resin Market size?
The HBPA Epoxy Resin Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in HBPA Epoxy Resin Market?
Hexion, KUKDO CHEMICAL CO., LTD., Epoxy Division Aditya Birla Chemicals (Thailand) Limited, Atul Ltd and Mitsubishi Chemical Corporation are the major companies operating in the HBPA Epoxy Resin Market.
Which is the fastest growing region in HBPA Epoxy Resin Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in HBPA Epoxy Resin Market?
In 2024, the Asia Pacific accounts for the largest market share in HBPA Epoxy Resin Market.
What years does this HBPA Epoxy Resin Market cover?
The report covers the HBPA Epoxy Resin Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the HBPA Epoxy Resin Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
HBPA Epoxy Resin Industry Report
Statistics for the 2024 hbpa epoxy resin market market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. hbpa epoxy resin market analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
