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HBPA Epoxy Resin Market by Physical Form (Liquid and Solid), Application (E&E Coating, Industrial Coating, and Others), and Region (APAC, Europe, North America, South America, and Middle East & Africa) - Global Forecast to 2023

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Date: 08-Feb-2019
No. of pages: 98
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“The HBPA epoxy resin market is projected to grow at a CAGR of 5.1%, in terms of value, between 2018 and 2023.”

The market size of HBPA epoxy resin is estimated at USD 1.7 billion in 2018 and is projected to reach USD 2.2 billion by 2023.The growth of this market is attributed to the increase in the need to protect concrete floors in industrial and commercial facilities. Another factor driving the HBPA epoxy resin market is the growth of the power generation industry in developing countries. However, volatility in raw material prices is restraining the growth of the market. Most of the raw materials used in the production of HBPA epoxy resin are petroleum-based derivatives, which are vulnerable to fluctuations in commodity prices. The prices of these raw materials have been highly volatile in recent times , which has affected the growth of the market.

“Liquid form to be the larger segment of the HBPA epoxy resin market, in terms of volume and value.”

The liquid form of HBPA epoxy resin is projected to be the faster-growing segment of the HBPA epoxy resin market, based on physical form. Liquid HBPA epoxy resin is the widely used form as it caters to almost every application. These resins are widely used as they are easy to apply and convenient to use, where there is a spatial constraint. These have more number of applications than the solid epoxy resins.

“The E&E coating application is projected to register the higher CAGR during the forecast period.”

E&E coating is estimated to be the largest and projected to be the fastest-growing application of HBPA epoxy resin during the forecast period. Owing to its excellent adhesion and weather and chemical resistance properties, HBPA epoxy resin is largely used in the exterior coating applications of high-voltage electrical machines such as transformers, generators, circuit breakers, and isolators. The growing population and increasing urbanization have resulted in the growth of a strong and reliable power generation and distribution network, which, in turn, is driving the demand for HBPA epoxy resin in the E&E coating application.

“APAC is projected to be the largest HBPA epoxy resin market, in terms of volume and value, during the forecast period.”

The APAC HBPA epoxy resin market is projected to grow at the highest CAGR during the forecast period. The continuous rise in the manufacturing of products for use within the region and for exports drives the demand for HBPA epoxy resin. Rising population and growing end-use industries have led to innovation and development, making APAC an important industrial hub, globally. High growth and innovation, along with industry consolidations, are expected to lead to the rapid growth of the market in the region

This study was validated through primary interviews conducted with various industry experts worldwide. The primary sources were divided into three categories, namely, company type, designation, and region.


  • By Company Type– Tier1: 25%, Tier2: 50%, and Tier3: 25%

  • By Designation- C Level: 30%, Director Level: 20%, and Others: 50%

  • By Region- APAC: 30%, Europe: 25%, North America: 20%, South America-15%, and the Middle East & Africa-10%


The report profiles several leading players of the HBPA epoxy resin market that include Hexion (US), Atul Chemicals (India), New Japan Chemical Company (Japan), Aditya Birla Chemicals (India), Kukdo Chemicals (South Korea), Anhui Xinyuan Chemical Company (China), SIR Industriale (Italy), Emerald Performance Material (US), Nagase America Corporation (US), and Huntsman Corporation (US). The report also includes detailed information about various growth strategies adopted by these key players to strengthen their position in the HBPA epoxy resin market.

Research Coverage:

The report offers insights into the HBPA epoxy resin market in the key regions. It aims at estimating the size of the HBPA epoxy resin market during the forecast period and projects future growth of the market across the physical form, application, and region segments. The report also includes an in-depth competitive analysis of the key players in the HBPA epoxy resin market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help leaders/new entrants in the HBPA epoxy resin market by providing them with the closest approximations of revenues for the overall market and its various sub segments. This report will help stakeholders obtain a better understanding of the competitive landscape and gain insights to enhance their businesses and devise suitable market strategies. The report will also help stake holders understand the pulse of the market and help acquire information on key market drivers, restraints, challenges, and opportunities affecting the growth of the HBPA epoxy resin market.

HBPA Epoxy Resin Market by Physical Form (Liquid and Solid), Application (E&E Coating, Industrial Coating, and Others), and Region (APAC, Europe, North America, South America, and Middle East & Africa) - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions and Limitations
2.4.1 Assumptions
2.4.2 Limitations

3 Executive Summary
3.1 Introduction

4 Premium Insights
4.1 Attractive Opportunities in the HBPA Epoxy Resin Market
4.2 HBPA Epoxy Resin Market, By Physical Form
4.3 HBPA Epoxy Resin Market, By Region
4.4 APAC HBPA Epoxy Resin Market, By Application, and Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth of Power Generation Industry in Developing Countries
5.2.1.2 Increase in Need to Protect Concrete Floors in Industrial and Commercial Facilities
5.2.2 Restraints
5.2.2.1 Volatility in Raw Material Prices
5.2.3 Opportunities
5.2.3.1 Requirement of Existing Power Infrastructure Refurbishment in Developed Countries
5.2.4 Challenges
5.2.4.1 High Price of Industry Products
5.3 Porter’s Five Forces Analysis
5.3.1 Bargaining Power of Buyers
5.3.2 Bargaining Power of Suppliers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicator

6 HBPA Epoxy Resin Market, By Physical Form
6.1 Introduction
6.2 Liquid
6.2.1 Easy and Convenient Application of Liquid Form to Drive Its Demand in the HBPA Epoxy Resin Market
6.3 Solid
6.3.1 Wide Availability and Low Cost to Drive Its Demand

7 HBPA Epoxy Resin Market, By Application
7.1 Introduction
7.1.1 E&E Coating
7.1.1.1 Excellent Weather and Chemical Resistance of HBPA Epoxy Resin to Drive Its Demand in the E&E Coating Application
7.1.2 Industrial Coatings
7.1.2.1 Increasing Industrialization in Developing Economies to Drive the Demand for HBPA Epoxy Resin in the Industrial Coating
Application
7.1.3 Others

8 HBPA Epoxy Resin Market, By Region
8.1 Introduction
8.2 APAC
8.2.1 China
8.2.1.1 China Accounted for the Largest Share of the HBPA Epoxy Resin Market in APAC
8.2.2 South Korea
8.2.2.1 Increasing Production of High-Voltage Electrical Machines in South Korea to Drive the Demand for HBPA Epoxy Resin in the Country
8.2.3 India
8.2.3.1 Increasing Urbanization and Growing Industrialization to Drive the Demand for HBPA Epoxy Resin in E&E and Industrial Coating
Applications
8.2.4 Japan
8.2.4.1 Increasing Industrialization to Drive the Demand for HBPA Epoxy Resin in the Industrial Coatings Application in Japan
8.2.5 Rest of APAC
8.3 Europe
8.3.1 Germany
8.3.1.1 Germany Accounted for the Largest Share of the HBPA Epoxy Resin Market in Europe
8.3.2 Italy
8.3.2.1 E&E Coating Segment to Witness High Growth in the HBPA Epoxy Resin Market in Italy
8.3.3 France
8.3.3.1 Need for Power Generation and Distribution Infrastructure to Drive the Demand for HBPA Epoxy Resin in the E&E Coating Application
in France
8.3.4 UK
8.3.4.1 Economic Reforms in the UK to Drive the HBPA Epoxy Resin Demand in E&E and Industrial Coating Applications in the Country
8.3.5 Rest of Europe
8.4 North America
8.4.1 US
8.4.1.1 The US Accounted for the Largest Share of the HBPA Epoxy Resin Market in North America
8.4.2 Canada
8.4.2.1 Rapidly Growing E&E Industry in Canada to Drive the Demand for HBPA Epoxy Resin in the Country
8.4.3 Mexico
8.4.3.1 Increasing Population and Urbanization in Mexico to Drive the Demand for HBPA Epoxy Resin in the Country
8.5 South America
8.5.1 Brazil
8.5.1.1 Strong Industrial Base in the Country is Responsible for the Large Market Share of the Country
8.5.2 Rest of South America
8.6 MEA
8.6.1 Saudi Arabia
8.6.1.1 Strengthening of the Power Distribution Network to Drive the HBPA Epoxy Resin Demand in Saudi Arabia
8.6.2 UAE
8.6.2.1 Growth in Renewable Energy Projects to Drive the HBPA Epoxy Resin Market in the UAE
8.6.3 South Africa
8.6.3.1 Government Initiatives for Restructuring the Country’s Power Distribution Network to Drive the HBPA Epoxy Resin Market in South
Africa
8.6.4 Rest of Mea

9 Competitive Landscape
9.1 Overview
9.2 Market Ranking
9.3 Competitive Scenario
9.3.1 Investment & Expansion
9.3.2 New Product Launch
9.3.3 Merger & Acquisition
9.3.4 Partnership

10 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
10.1 Hexion
10.2 Atul Ltd
10.3 New Japan Chemical Company
10.4 Aditya Birla Chemicals
10.5 Kukdo Chemical
10.6 Anhui Xinyuan Chemical Company
10.7 Sir Industriale
10.8 Emerald Performance Material
10.9 Nagase America Corporation
10.10 Huntsman Corporation

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix
11.1 Discussion Guide
11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.3 Available Customizations
11.4 Related Reports
11.5 Author Details

List of Tables

Table 1 Trends and Forecast of GDP Per Capita (USD)
Table 2 HBPA Epoxy Resin Market Size, By Physical Form, 2016–2023 (USD Million)
Table 3 HBPA Epoxy Resin Market Size, By Physical Form, 2016–2023 (Kiloton)
Table 4 HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 5 HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 6 HBPA Epoxy Resin Market Size, By Region, 2016–2023 (USD Million)
Table 7 HBPA Epoxy Resin Market Size, By Region, 2016–2023 (Kiloton)
Table 8 APAC: HBPA Epoxy Resin Market Size, By Country, 2016–2023 (USD Million)
Table 9 APAC: HBPA Epoxy Resin Market Size, By Country, 2016–2023 (Kiloton)
Table 10 APAC: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 11 APAC: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 12 China: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 13 China: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 14 South Korea: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 15 South Korea: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 16 India: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 17 India: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 18 Japan: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 19 Japan: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 20 Rest of APAC: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 21 Rest of APAC: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 22 Europe: HBPA Epoxy Resin Market Size, By Country, 2016–2023 (USD Million)
Table 23 Europe: HBPA Epoxy Resin Market Size, By Country, 2016–2023 (Kiloton)
Table 24 Europe: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 25 Europe: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 26 Germany: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 27 Germany: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 28 Italy: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 29 Italy: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 30 France: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 31 France: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 32 UK: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 33 UK: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 34 Rest of Europe: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 35 Rest of Europe: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 36 North America: HBPA Epoxy Resin Market Size, By Country, 2016–2023 (USD Million)
Table 37 North America: HBPA Epoxy Resin Market Size, By Country, 2016–2023 (Kiloton)
Table 38 North America: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 39 North America: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 40 US: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 41 US: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 42 Canada: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 43 Canada: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 44 Mexico: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 45 Mexico: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 46 South America: HBPA Epoxy Resin Market Size, By Country, 2016–2023 (USD Million)
Table 47 South America: HBPA Epoxy Resin Market Size, By Country, 2016–2023 (Kiloton)
Table 48 South America: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 49 South America: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 50 Brazil: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 51 Brazil: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 52 Rest of South America: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 53 Rest of South America: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 54 MEA: HBPA Epoxy Resin Market Size, By Country, 2016–2023 (USD Million)
Table 55 MEA: HBPA Epoxy Resin Market Size, By Country, 2016–2023 (Kiloton)
Table 56 MEA: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 57 MEA: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 58 Saudi Arabia: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 59 Saudi Arabia: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 60 UAE: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 61 UAE: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 62 South Africa: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 63 South Africa: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 64 Rest of MEA: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (USD Million)
Table 65 Rest of MEA: HBPA Epoxy Resin Market Size, By Application, 2016–2023 (Kiloton)
Table 66 Investment & Expansion, 2012–2018
Table 67 New Product Launch, 2012–2018
Table 68 Merger & Acquisition, 2012–2018
Table 69 Partnership, 2012–2018

List of Figures

Figure 1 HBPA Epoxy Resin Market: Research Design
Figure 2 Bottom-Up Approach HBPA Epoxy Resin Market: Bottom-Up Approach
Figure 3 HBPA Epoxy Resin Market: Top-Down Approach
Figure 4 Liquid Form to Account for Larger Share in the HBPA Epoxy Resin Market
Figure 5 E&E Coating Application Held the Largest Share in the HBPA Epoxy Resin Market in 2017
Figure 6 APAC Accounted for Highest CAGR in the HBPA Epoxy Resin Market in 2017
Figure 7 Significant Growth Projected in the Market Between 2018 and 2023
Figure 8 Liquid Form Projected to Be the Faster-Growing Segment
Figure 9 E&E Coating to Be the Largest Application in the HBPA Epoxy Resin Market
Figure 10 India to Account for the Highest CAGR Between 2018 and 2023
Figure 11 E&E Coating Was the Largest Application in the Region
Figure 12 Driver, Restraints, Opportunities, and Challenges in the HBPA Epoxy Resin Market
Figure 13 Crude Oil Price (USD/Barrel) Between 2014 and 2019
Figure 14 HBPA Epoxy Resin Market: Porter’s Five Forces Analysis
Figure 15 Liquid HBPA Epoxy Resin to Account for the Larger Market Share
Figure 16 E&E Coating to Be the Largest Application Segment of HBPA Epoxy Resin Market
Figure 17 APAC to Lead the Market During the Forecast Period
Figure 18 HBPA Epoxy Resin Market in India to Register the Highest CAGR During the Forecast Period
Figure 19 APAC: HBPA Epoxy Resin Market Snapshot
Figure 20 Europe: HBPA Epoxy Resin Market Snapshot
Figure 21 North America: HBPA Epoxy Resin Market Snapshot
Figure 22 Companies Adopted Investment & Expansion as the Key Growth Strategy
Figure 23 Market Ranking of Key Players
Figure 24 Hexion: Company Snapshot
Figure 25 Hexion: SWOT Analysis
Figure 26 Atul Ltd: Company Snapshot
Figure 27 Atul Ltd: SWOT Analysis
Figure 28 New Japan Chemical Company: Company Snapshot
Figure 29 Huntsman Corporation: Company Snapshot
Figure 30 Huntsman Corporation: SWOT Analysis

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