CATEGORY

Epoxy Resins

In depth analysis of the epoxy resins market across NA, EMEA and APAC with a focus on capcity-demand analysis, industry analysis, cost structure, historic/ forecast price trends and preferred sourcing strategy

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Epoxy Resins Market Monitoring Dashboard


Price Trend
6360.00
Feb-2023
USD/MT
History Forecast
Supply Demand

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

Epoxy Resins Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Epoxy Resins category is 10.00%

Payment Terms

(in days)

The industry average payment terms in Epoxy Resins category for the current quarter is 60.0 days

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Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Epoxy Resins Suppliers


    8,177
    Total Suppliers
    229
    Diverse Suppliers
    82
    Normalized Supplier Rating
    Epoxy Resins Supplier

    Find the right-fit epoxy resins supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    BASF SE
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    1
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.


    Creditsafe Rating


    D/2

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    A 71 - 100

    Very Low Risk

    B 51 - 70

    Low Risk

    C 30 - 50

    Moderate Risk

    D 21 - 29

    High Risk

    E 0 - 20

    Not Rated


    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    59

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    60
    Social
    59
    Governance
    57
    6 Domains Performance (/100)
    Business behaviour
    62
    Human rights
    68
    Community Environment
    42
    Corporate governance
    60
    Human resources
    61
    Security Scorecard
    82

    Threat indicators
    B
    83
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    62
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    80
    Application Security
    Detecting common website application vulnerbilities
    B
    81
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    85
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    94
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    basf.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    17
    Workforce Health Safety Issues
    0
    Product Service Issues
    22
    Human Rights Issues
    3
    Production Supply Chain Issues
    35
    Environmental Non Compliance Flags
    74
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    21
    Fraud Issues
    8
    Labor Health Safety Flags
    12
    Regulatory Issues
    13
    Workforce Disputes
    6
    Sanctions
    0
    esg energy transition
    49
    Discrimination Workforce Rights Issues
    3
    esg controversies critical severity
    Yes

    Epoxy Resins market frequently asked questions


    According to Beroe's analysis report, the top suppliers in the market include the names of ' Kukdo, Nan Ya, Sanmu Group, Hexion, and Chang Chun.

    As per epoxy resin market analysis, the global market has a surplus capacity with more than 75 percent concentrated in Asia. The demand is anticipated to show a growth rate of nearly 0.5 percent CAGR to reach 3.45 MMT by 2021. As per the report, the APAC region holds the major epoxy resin market share (~77.3 percent), followed by the EU at 11.6 percent, and the NA region at just 9.3 percent.

    Analyzing Beroe's report, we understand that the epoxy resin market revenue increased owing to a considerable increase in the price of BPA. The Asian countries are expected to witness a high demand growth rate by 2022 mostly driven by electronics, construction, and automobile sector, while in the NA and Europe regions, the demand growth is expected from windmill installations. If we look at the global capacity-demand market, the operating rates are expected to increase from 70 ' 75 percent to 95 percent by 2022, given that no further capacity additions are announced. The global demand is likely to show a growth of about 5 percent by 2022, driven by Asia.

    The global economic slowdown and challenges can majorly impact the epoxy resin market outlook for the rest of the year as a recovery in the demand will be trickier. Firmly maintaining the price of epoxy resins would be a major challenge in the long-term, however, it will also depend on the level of feedstock and demand volatility. As per trends and modified epoxy resins market analysis report, epoxy resin price drivers BPA and ECH prices have shown an increase, while the supply and downstream demand took a downslide leading to an oversupply thus forcing the suppliers to reduce their operating rates in the U.S. and Europe.

    Epoxy Resins market report transcript


    Epoxy Resins Market Analysis and Global

    Epoxy resins are synthetic polymers that act as raw materials for various chemicals. The Liquid Epoxy Resin (LER) and Solid Epoxy Resin(SER) have properties like high thermal stability, mechanical strength, adhesion, resistance to moisture, heat resistance, electrical resistance, and resistivity. This makes these polymers useful in many applications.

    The Epoxides and Polyepoxides Thermosetting polymers are used in different industries. They are used as Adhesives in the glue industry. They are used in the wind turbine blades to help make the blades lighter and stronger. Epoxy resins are used in Electronics/Electrical components/LEDs as insulation materials.

    Epoxy resins find application in paints & coatings. They act as a binder thanks to their adhesion property. Also resistant to chemicals, they are used to make fibre reinforced plastic, which is needed in the construction, automotive, and aerospace industries.

    Epoxy resins are also used in the jewelry industry and to make laminates. These multiple uses have helped the epoxy resin industry to flourish.

     

    epoxy resins market

    Demand Market Outlook

    • Increasing demand for adhesives, paints, and coatings in the developing regions, like China, India, LATAM, etc., due to the rising construction sector and increasing auto sales, is expected to drive the demand for epoxy resins.
    • Demand from the US and Europe is expected to grow from the waterborne composite applications in aerospace, marine coatings, and windmills in the coming future.

    Industry Best Practices

    • Large-volume buyers in NA and Europe prefer contract buying. Asian buyers, however, prefer spot to contracts.
    • CPG players opt for spot buying, as they procure less volume. Buyers in NA and Europe prefer low-cost Asian imports.

    Global Market Size: Epoxy Resin

    • The epoxy resin market value increased by 4–5 percent during 2016–2017, owing to an increase in the price of BPA during the same period.
    • Asian countries are expected to witness high demand growth rates until 2022, driven by the electronics, construction, and automobiles sectors.
    • In NA and Europe, demand growth is expected from windmill installations.

    Global Capacity–Demand Analysis

    • Operating rates are expected to increase if no further capacity additions are announced in the near future. This will result in the market to shift the negotiation power from the buyer to the supplier.

    Market Outlook 

    • The global epoxy resin capacity stood at about 3.53 MMT during 2017. Since then, that number has climbed higher considerably.
    • Operating rates are expected to increase from 70 to 75 percent in 2016 to 95 percent in 2022 if no further capacity additions are announced.
    • Currently, there is excess capacity in all three regions.
    • Asia exports epoxy resins to Europe and NA, as and when there is a price arbitrage between the regions.
    • The global demand for epoxy resin is expected to witness a growth of about 5 percent until 2022, driven by Asia.
    • Asia represents almost 65 percent of the global consumption of epoxy resin, with China being the major consumer.

    Engagement Outlook

    • Buyers in Asia should engage on-spot pricing mechanism for a maximum period of 1 – 2 years, owing to excess supply in the market.
    •  If no further capacity additions are announced, buyers are advised to enter into contracts, as the market might turn to tight.

    Epoxy Resin Market Overview

    The global economic headwinds could further take a toll and impact the market outlook for the remainder of the year, as a recovery in demand would be difficult. It will be challenging for epoxy resins prices to hold firm in the long term, but this will depend on the level of feedstock and demand volatility.

    Epoxy resin price trends show that the epoxy resin price drivers BPA and ECH prices have increased while the supply and downstream demand has decreased. The epoxy resin market was oversupplied that caused the suppliers to reduce their operating rates in the US and Europe.

    Epoxy resin has applications majorly in the electronics and construction sectors. Major exporters, the US and EU countries, export high-quality epoxy resin to the rest of the world.

    Why You Should Buy This Report

    Find information about epoxy resins market size, export-import, and trade dynamics. Get Porter’s five forces analysis of NA, Europe, and Asia, as well as the lists of the important industry drivers and constraints. Know about epoxy resin price trend analysis and cost structure analysis. Get details of key suppliers and SWOT analysis of key players like Kukdo Chemical (Kunshan) Co., Nan Ya Plastics, etc. Also, learn about the best industry practices and contract models. This report packs rich resources with in-depth insights.