South America Epoxy Resins Market by Raw Materials (Novolac, DGBEA, DGBEF, Glycidylamine, Aliphatic, and Other Raw Materials), Applications (Adhesives and Sealants, Paints and Coatings, Composites, Wind Turbines, Electrical and Electronics, and Other Applications), and Geography (Argentina, Chile, Brazil, Columbia, and Rest of South America) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The South America epoxy resins market size is anticipated to register a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the strong growth of the construction industry.
Epoxy resins is a receptive polymer and prepolymer that includes epoxide groups. This type of resin reacts either with themselves in the effect of catalyst or with numerous co-reactants such as phenols, amines, and thiols. Epoxy resins have numerous modern applications for an assortment of purposes. It has higher rigid strength and more warm than different types of resins.
Epoxy resin is a durable compound that can be utilized with different materials, including wood, glass, fabric, and metal. Epoxy resins are not water repellent. Exposure to wet or moist conditions can cause crumbling after some time, which can affect their strength. The most widely recognized use of epoxy resin is intended for glue purposes. Epoxy resins are also utilized in the development of vehicles, airplanes, snowboards, and bikes.
Market Trends, Drivers, Restraints, and Opportunities
- Growing use of various types of epoxy resin coverings such as acrylics, polyurethane, and polyester in many end-user applications such as construction and marine businesses is expected to drive the market growth.
- Rising development in the coating industry is one of the key drivers contributing toward the development of the epoxy resin market
- Increasing number of epoxy resin applications such as paints, coatings, building, and construction is anticipated to stimulate the market expansion.
- The COVID-19 pandemic restrained the growth of the market owing to supply chain disruption across the globe.
- Increasing adoption of DiGlycidyl Ether of Bisphenol-A (DGEBA) epoxy resin in the construction industry is expected to create lucrative opportunities for market players in the projected timeline.
Scope of Epoxy Resins Market Report
The report on the South America epoxy resins market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
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Report Title |
Epoxy Resins Market - South America Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
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Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Raw Materials (Novolac, DGBEA, DGBEF, Glycidylamine, Aliphatic, and Other Raw Materials) and Applications (Adhesives and Sealants, Paints and Coatings, Composites, Wind Turbines, Electrical and Electronics, and Other Applications) |
|
Geographical Scope |
Argentina, Chile, Brazil, Columbia, and Rest of South America |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
3M; Hexion; Covestro AG; Olin Corporation; and Huntsman International LLC |
South America Epoxy Resins Market Segment Insights
Novalac segment is expected to grow at a rapid pace
Based on raw materials, the market is divided into novolac, DGBEA, DGBEF, glycidylamine, aliphatic, and other raw materials. The novalac segment is expected to grow at a rapid pace during the forecast period due to its high mechanical strength. On the other hand, the DFBEA segment is anticipated to grow at a healthy rate in the projected timeline.
Paints and coatings segment is projected to expand at a considerable CAGR
On the basis of applications, the market is segregated into adhesives and sealants, paints and coatings, composites, wind turbines, electrical and electronics, and other applications. The paints and coatings segment is projected to expand at a considerable CAGR during the forecast period. Epoxy resins are used as binders for coating applications to enhance durability of coating for metal and floor applications. Conversely, the adhesives and sealants segment is expected to grow at a steady rate owing to rapid growth of the automotive and construction industries.
Brazil is anticipated to hold a key market share
In terms of geography, the South America epoxy resins market is classified as Argentina, Chile, Brazil, Columbia, and Rest of South America. The market in Brazil is expected to constitute a key share of the market during the forecast period due to rising expenditure of government state bodies for the development of public infrastructure.
Segments
The South America epoxy resins market has been segmented on the basis of
Raw Materials
- Novolac
- DGBEA
- DGBEF
- Glycidylamine
- Aliphatic
- Other Raw Materials
Applications
- Adhesives and Sealants
- Paints and Coatings
- Composites
- Wind Turbines
- Electrical and Electronics
- Other Applications
Geography
- Argentina
- Chile
- Brazil
- Columbia
- Rest of South America
Key Players
- 3M
- Hexion
- Covestro AG
- Olin Corporation
- Huntsman International LLC
Competitive Landscape
Key players competing in the South America epoxy resins market are 3M; Hexion; Covestro AG; Olin Corporation; and Huntsman International LLC.
Major players are focusing on development of cyclic aliphatic resins that can be used for high voltage electric insulation.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Epoxy Resins Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Epoxy Resins Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Epoxy Resins Market - Supply Chain
4.5. Global Epoxy Resins Market Forecast
4.5.1. Epoxy Resins Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Epoxy Resins Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Epoxy Resins Market Absolute $ Opportunity
5. Global Epoxy Resins Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Epoxy Resins Market Size and Volume Forecast by Applications
5.3.1. Adhesives and Sealants
5.3.2. Paints and Coatings
5.3.3. Composites
5.3.4. Wind Turbines
5.3.5. Electrical and Electronics
5.3.6. Other Applications
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Epoxy Resins Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Epoxy Resins Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Epoxy Resins Demand Share Forecast, 2019-2026
7. North America Epoxy Resins Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Epoxy Resins Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Epoxy Resins Market Size and Volume Forecast by Applications
7.4.1. Adhesives and Sealants
7.4.2. Paints and Coatings
7.4.3. Composites
7.4.4. Wind Turbines
7.4.5. Electrical and Electronics
7.4.6. Other Applications
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Epoxy Resins Demand Share Forecast, 2019-2026
8. Latin America Epoxy Resins Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Epoxy Resins Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Epoxy Resins Market Size and Volume Forecast by Applications
8.4.1. Adhesives and Sealants
8.4.2. Paints and Coatings
8.4.3. Composites
8.4.4. Wind Turbines
8.4.5. Electrical and Electronics
8.4.6. Other Applications
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Epoxy Resins Demand Share Forecast, 2019-2026
9. Europe Epoxy Resins Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Epoxy Resins Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Epoxy Resins Market Size and Volume Forecast by Applications
9.4.1. Adhesives and Sealants
9.4.2. Paints and Coatings
9.4.3. Composites
9.4.4. Wind Turbines
9.4.5. Electrical and Electronics
9.4.6. Other Applications
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Epoxy Resins Demand Share Forecast, 2019-2026
10. Asia Pacific Epoxy Resins Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Epoxy Resins Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Epoxy Resins Market Size and Volume Forecast by Applications
10.4.1. Adhesives and Sealants
10.4.2. Paints and Coatings
10.4.3. Composites
10.4.4. Wind Turbines
10.4.5. Electrical and Electronics
10.4.6. Other Applications
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Epoxy Resins Demand Share Forecast, 2019-2026
11. Middle East & Africa Epoxy Resins Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Epoxy Resins Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Epoxy Resins Market Size and Volume Forecast by Applications
11.4.1. Adhesives and Sealants
11.4.2. Paints and Coatings
11.4.3. Composites
11.4.4. Wind Turbines
11.4.5. Electrical and Electronics
11.4.6. Other Applications
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Epoxy Resins Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Epoxy Resins Market: Market Share Analysis
12.2. Epoxy Resins Distributors and Customers
12.3. Epoxy Resins Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. 3M
12.4.2. Hexion
12.4.3. Covestro AG
12.4.4. Olin Corporation
12.4.5. Huntsman International LLC
2. Assumptions and Acronyms Used
3. Research Methodology
4. Epoxy Resins Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Epoxy Resins Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Epoxy Resins Market - Supply Chain
4.5. Global Epoxy Resins Market Forecast
4.5.1. Epoxy Resins Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Epoxy Resins Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Epoxy Resins Market Absolute $ Opportunity
5. Global Epoxy Resins Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Epoxy Resins Market Size and Volume Forecast by Applications
5.3.1. Adhesives and Sealants
5.3.2. Paints and Coatings
5.3.3. Composites
5.3.4. Wind Turbines
5.3.5. Electrical and Electronics
5.3.6. Other Applications
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Epoxy Resins Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Epoxy Resins Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Epoxy Resins Demand Share Forecast, 2019-2026
7. North America Epoxy Resins Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Epoxy Resins Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Epoxy Resins Market Size and Volume Forecast by Applications
7.4.1. Adhesives and Sealants
7.4.2. Paints and Coatings
7.4.3. Composites
7.4.4. Wind Turbines
7.4.5. Electrical and Electronics
7.4.6. Other Applications
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Epoxy Resins Demand Share Forecast, 2019-2026
8. Latin America Epoxy Resins Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Epoxy Resins Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Epoxy Resins Market Size and Volume Forecast by Applications
8.4.1. Adhesives and Sealants
8.4.2. Paints and Coatings
8.4.3. Composites
8.4.4. Wind Turbines
8.4.5. Electrical and Electronics
8.4.6. Other Applications
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Epoxy Resins Demand Share Forecast, 2019-2026
9. Europe Epoxy Resins Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Epoxy Resins Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Epoxy Resins Market Size and Volume Forecast by Applications
9.4.1. Adhesives and Sealants
9.4.2. Paints and Coatings
9.4.3. Composites
9.4.4. Wind Turbines
9.4.5. Electrical and Electronics
9.4.6. Other Applications
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Epoxy Resins Demand Share Forecast, 2019-2026
10. Asia Pacific Epoxy Resins Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Epoxy Resins Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Epoxy Resins Market Size and Volume Forecast by Applications
10.4.1. Adhesives and Sealants
10.4.2. Paints and Coatings
10.4.3. Composites
10.4.4. Wind Turbines
10.4.5. Electrical and Electronics
10.4.6. Other Applications
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Epoxy Resins Demand Share Forecast, 2019-2026
11. Middle East & Africa Epoxy Resins Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Epoxy Resins Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Epoxy Resins Market Size and Volume Forecast by Applications
11.4.1. Adhesives and Sealants
11.4.2. Paints and Coatings
11.4.3. Composites
11.4.4. Wind Turbines
11.4.5. Electrical and Electronics
11.4.6. Other Applications
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Epoxy Resins Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Epoxy Resins Market: Market Share Analysis
12.2. Epoxy Resins Distributors and Customers
12.3. Epoxy Resins Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. 3M
12.4.2. Hexion
12.4.3. Covestro AG
12.4.4. Olin Corporation
12.4.5. Huntsman International LLC
The South America epoxy resins market has been segmented on the basis of
Raw Materials
- Novolac
- DGBEA
- DGBEF
- Glycidylamine
- Aliphatic
- Other Raw Materials
Applications
- Adhesives and Sealants
- Paints and Coatings
- Composites
- Wind Turbines
- Electrical and Electronics
- Other Applications
Geography
- Argentina
- Chile
- Brazil
- Columbia
- Rest of South America
Key Players
- 3M
- Hexion
- Covestro AG
- Olin Corporation
- Huntsman International LLC
Key players competing in the South America epoxy resins market are 3M; Hexion; Covestro AG; Olin Corporation; and Huntsman International LLC.
Major players are focusing on development of cyclic aliphatic resins that can be used for high voltage electric insulation.
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