Epoxy Resins
Market, Supplier, Risk and
Competitive Intelligence

Industry Outlook & Drivers

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.

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.