Europe Epoxy Resins Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Raw Material (DGBEA, DGBEF, Novolac, Aliphatic, Glycidylamine, and Other Raw Materials), Application (Paints and Coatings, Adhesives and Sealants, Composites, Electrical and Electronics, Wind Turbines, and Other Applications), and Geography (Germany, United Kingdom, Italy, France, Russia, and Rest of Europe)

Market Snapshot

Europe Epoxy Resins Market Summary
Study Period:

2016 - 2026

Base Year:

2020

CAGR:

>3 %

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Market Overview

The market for Europe epoxy resins is expected to grow at a CAGR of over 3% globally during the forecast period. Strong growth of the construction industry is likley to drive the growth of the market over the forecast period.

  • Impact of COVID-19 pandemic is expected to hinder the growth of the market.
  • Germany dominated the Europe epoxy resins market with most of the demand generating from paints and coatings segment.

Scope of the Report

The Europe Epoxy Resins Market report include:

Raw Material
DGBEA (Bisphenol A and ECH)
DGBEF (Bisphenol F and ECH)
Novolac (Formaldehyde and Phenols)
Aliphatic (Aliphatic Alcohols)
Glycidylamine (Aromatic Amines and ECH)
Other Raw Materials
Application
Paints and Coatings
Adhesives and Sealants
Composites
Electrical and Electronics
Wind Turbines
Other Applications
Geography
Germany
United Kingdom
Italy
France
Russia
Rest of Europe

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Key Market Trends

Paints and Coatings Segment to Dominate the Market

  • Epoxy resins are reinforced polymer composites, derived from petroleum sources; by themselves, they are the result of a reactive process involving epoxide units.
  • These resins are used as binders for coating applications to enhance durability of coating for floor and metal applications.
  • Epoxy resins help in the development several properties in coatings, such as strength, durability, and chemical resistance. Its properties and abilities of quick drying, toughness, excellent adhesion, good curing, abrasion resistance, and excellent water-resistivity, make it suitable for providing protection to metals and other surfaces.
  • Epoxy powder coatings are used on washers, dryers, and other white goods, on steel pipes and fittings used in the oil and gas industry, water transmission pipelines, and concrete reinforcing rebar, due to their flexible applicability.
  • The automotive, marine, and aerospace industries use epoxy coatings as primers for corrosion protection.
  • Epoxy coatings can further act as protective coatings to industrial flooring.
  • Thus, the rapid growth in the European paints and coatings industry (mainly automotive and industrial coatings) is expected to propel the growth of the epoxy resins market during the forecast period.
  • Such factors are expected to drive the demand for epoxy resins in paints and coatings, thus increasing the growth of the market during the forecast period.
Europe Epoxy Resins Market Volume Share

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Germany Country to Dominate the Market

  • The German electronic industry is the Europe’s biggest, and the fifth largest worldwide. The electrical & electronics industry accounted for more than 10% of the total German industrial production and about 3% of the country’s gross domestic product (GDP).
  • The construction industry in the country has been growing slowly, mainly driven by the increasing new residential construction activities. Germany is expected to spend more on public infrastructure. Increase in investments through public-private partnerships, at the municipal level, is forecast to take place.
  • Hence, with the growth of construction and building and other sectors in the country, the demand for epoxy resins in paints and coatings industry is expected to witness growth in the country in the upcoming years.
  • Germany is the fourth largest automotive producer across the globe, with the current share of production of over 5%. The automotive production in Germany has hit almost 22-year low presently, with the country manufacturing only around 4.7 million vehicles. However, the production is likely to recover over the forecast period. Thus driving the market for epoxy resins in composites during the forecast period.
  • Thus, growing demand for epoxy resins in Germany is expected to grow during the forecast period.
Europe Epoxy Resins Market Regional Trends

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Competitive Landscape

The Europe epoxy resins market is partially fragmented in nature with the presence of various players in the market. Some of the major companies in Europe epoxy resins market includes 3M, Covestro AG, Hexion, Huntsman International LLC, Olin Corporation, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Strong Growth of the Construction Industry

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Impact of COVID-19 Pandemic

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Raw Material

      1. 5.1.1 DGBEA (Bisphenol A and ECH)

      2. 5.1.2 DGBEF (Bisphenol F and ECH)

      3. 5.1.3 Novolac (Formaldehyde and Phenols)

      4. 5.1.4 Aliphatic (Aliphatic Alcohols)

      5. 5.1.5 Glycidylamine (Aromatic Amines and ECH)

      6. 5.1.6 Other Raw Materials

    2. 5.2 Application

      1. 5.2.1 Paints and Coatings

      2. 5.2.2 Adhesives and Sealants

      3. 5.2.3 Composites

      4. 5.2.4 Electrical and Electronics

      5. 5.2.5 Wind Turbines

      6. 5.2.6 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Germany

      2. 5.3.2 United Kingdom

      3. 5.3.3 Italy

      4. 5.3.4 France

      5. 5.3.5 Russia

      6. 5.3.6 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Aditya Birla Chemicals

      3. 6.4.3 BASF SE

      4. 6.4.4 Covestro AG

      5. 6.4.5 Daicel Corporation

      6. 6.4.6 DuPont de Nemours, Inc.

      7. 6.4.7 Hexion

      8. 6.4.8 Huntsman International LLC

      9. 6.4.9 Olin Corporation

      10. 6.4.10 Sir Industriale

      11. 6.4.11 Spolchemie

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Europe Epoxy Resins Market market is studied from 2016 - 2026.

The Europe Epoxy Resins Market is growing at a CAGR of >3% over the next 5 years.

  • 3M
  • Covestro AG
  • Hexion
  • Huntsman International LLC
  • Olin Corporation

Are the major companies operating in Europe Epoxy Resins Market.

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