Global
Hydrogenated Bisphenol A (HBPA) epoxy resin market is valued at
$ 1.8 billion in 2018 and is projected to cross $ 2.4 billion by 2024, growing
at a CAGR of more than 5% during forecast period. Anticipated growth in the
market can be attributed to growth of power generation industry in developing
countries and rising necessity to protect concrete floors in both commercial
and industrial facilities. However, volatility in raw material prices is a
major hindrance for market growth.
Global HBPA epoxy
resin is segmented into physical form, application and regional distribution.
Based on physical form, global HBPA epoxy resin market is categorized into
liquid and solid segments, wherein the liquid segment is anticipated to be the
major segment in the market and witness fastest growth during forecast period, as
it is easy to apply and mainly used in flooring, adhesives, and wind power applications.
On the
basis of application, global HBPA epoxy resin market is segmented into E&E
coating, industrial coating and others. Electronics and Electric (E&E) coating
is the largest and
fastest-growing application of HBPA epoxy resin. Owing to its excellent
physical properties, HBPA epoxy resin is predominantly used as a coating
material for high-voltage electrical machines to protect them from external
weather conditions and prevent yellowing of their surfaces. Growing population
and rapid industrialization lead to an increase in demand for power generation
and distribution infrastructure, which, in turn, is driving demand for HBPA
epoxy resin coating in E&E coating application.
Among
regions, APAC region is projected to register the highest growth in global HBPA
epoxy resin market during forecast period. The demand for HBPA epoxy resin is
high in emerging economies, such as China and India. Growing urbanization and
industrialization in these countries is resulting in increase in demand for
electricity to fulfill the needs of industrial, commercial, and residential
sectors. Thus, rising demand for power generation and distribution is further
resulting in increased requirement for HBPA epoxy resin in E&E coating
application in India and China. Additionally, government initiative for
developing renewable energy infrastructure is further driving growth in APAC HBPA
epoxy resin market.
Some
of the leading companies operating in global HBPA Epoxy Resin market are Hexion,
Atul Ltd, New Japan Chemical Company, Aditya Birla Chemicals, Kukdo Chemical,
Anhui Xinyuan Chemical Company, Sir Industriale, Emerald Performance Material,
Nagase America Corporation, Huntsman Corporation, among others.
Years
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the
Study:
- To analyze and forecast the market size of HBPA
epoxy resin market.
- To forecast global HBPA epoxy resin market based on physical form,
application and regional distribution.
- To identify drivers and challenges for global HBPA
epoxy resin market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in global
HBPA epoxy resin market.
- To conduct pricing analysis for global HBPA epoxy
resin market.
- To identify and analyze the profile of leading
players involved in the manufacturing of HBPA epoxy resin.
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Some of the leading players in global
HBPA epoxy resin market are: Hexion, Atul Ltd, New Japan Chemical Company,
Aditya Birla Chemicals, Kukdo Chemical, Anhui Xinyuan Chemical Company, Sir
Industriale, Emerald Performance Material, Nagase America Corporation, Huntsman
Corporation, among others.
TechSci Research performed both
primary as well as exhaustive secondary research for this study. Initially,
TechSci Research sourced a list of leading manufacturers across the globe.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the manufacturers which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the service offerings,
distribution channels and presence of all major players operating in global HBPA epoxy resin market.
TechSci Research calculated the market
size of HBPA epoxy resin using a top-down approach, wherein data
for various end-user segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and externally
validated through analyzing historical data of these product types and
applications for getting an appropriate, overall market size. Various secondary
sources such as company websites, news articles, press releases, company annual
reports, investor presentations and financial reports were also studied by
TechSci Research.
Key Target
Audience:
- HBPA Epoxy Resin (EPS) manufacturers
and suppliers
- Government and other
regulatory bodies
- Research institutes and
organizations
- Market research and consulting
firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers and partners, end users, etc., besides allowing them to strategize
investments and capitalize on market opportunities.
Report Scope:
In this report, global HBPA epoxy
resin market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- Market, by Physical Form:
- Market, by Application:
- Industrial Coating
- E&E Coating
- Others
- Market, by Region:
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Europe
- United Kingdom
- Italy
- France
- Germany
- Russia
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in global HBPA epoxy resin market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct
and indirect sales channel.
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at sales@techsciresearch.com