Europe Epoxy Resin Market Trends, Share, Size, Demand, Revenue and Future Outlook
Europe Epoxy Resin Market Growth, Size, Trends Analysis- By Raw Material, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2024 | Report ID: CHEM24123 | Pages: 1 - 158 | Formats*: |
| Category : Chemical & Materials | |||
Europe Epoxy Resin Market Introduction and Overview
According to SPER Market Research, the Europe Epoxy Resin Market is estimated to reach USD 4737.83 million by 2033 with a CAGR of 6.86%.
The report includes an in-depth analysis of the Europe Epoxy Resin Market, including market size and trends, product mix, Applications, and supplier analysis. Epoxies are employed in a variety of products and inventions that promote energy efficiency and reduce greenhouse gas emissions. Epoxy technological advances are required for a wide range of renewable energy sources to become more effective, including wind, solar, natural gas, new battery technologies, and others. Epoxy resins used in building and construction applications can help extend the useful life of structures by increasing the durability of structural components, engineering adhesives, and paints, reducing the need for restoration and repainting.
- In November 2022, Mitsui Chemicals, Inc. received certification for a variety of sustainable products, including epoxy resins, under the International Sustainability and Carbon Certification (ISCC) PLUS system.
- In February 2022, Hexion Holdings Corporation sold its epoxy-based coatings and composites division to Westlake Chemical Corporation for about USD 1.2 billion. This division included the epoxy specialty resins and base epoxy resins and intermediates product lines.
Market Opportunities and Challenges
Opportunities: The European automobile industry's transition to electric and hybrid cars (EVs and HEVs) opens up new potential for epoxy resin materials. Epoxy resin materials play an important role in the production of EV battery enclosures, structural components, and lightweighting solutions that improve energy efficiency and extend the range of European vehicles. Rising demand for electric and hybrid vehicles in Europe is pushing the usage of epoxy resin-based materials, allowing the automotive sector to grow its market. Epoxy resin composites provide more design freedom and flexibility than traditional materials, allowing manufacturers to build complicated shapes, aerodynamic profiles, and revolutionary vehicle designs in Europe. Thus, all of these elements will contribute to the regional market's growth in the approaching years.
Challenges:
Price volatility of raw materials to limit market expansion
Petroleum-based raw ingredients including BPA and ECH are used to make epoxy. The pricing of these basic materials and epoxy resins are thus greatly impacted by changes in the price of crude oil. Price fluctuations have a detrimental effect on small-scale enterprises and the profit margin. Furthermore, manufacturers were forced to maintain a particular degree of product quality due to the strict controls on volatile organic compounds. This consequently costs the producers more in terms of trained labor and modern technology.
Market Competitive Landscape
Europe's epoxy resins industry is largely fragmented. The market's leading players are 3M, Covestro AG, BASF SE, Huntsman International LLC, and Olin Corporation, among others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Raw Material, By Application. |
| Regions covered | Germany, United Kingdom, Italy, Spain, France, Russia, Rest of Europe. |
| Companies Covered | 3M, BASF SE, Covestro AG, Daicel Corporation, DuPont de Nemours, Inc, Westlake Corporation, Huntsman International LLC, Olin Corporation. |
COVID-19 Impact on Europe Epoxy Resin Market
The European market for epoxy resins was significantly impacted by the COVID-19 epidemic. The market's growth in 2020 was impacted by supply chain problems, lockdowns, and declined consumer expenditure. However, as economic activity picks back up and industries gain pace, the market has shown resilience and is slowly rebounding.
By Application Insights
The market is divided into applications such as paints and coatings, electrical and electronics, wind turbines and composites, construction, adhesives and sealants, and others. Among these, the paint and coatings category dominated the market in 2023 and is expected to lead the industry in the near future. Epoxy coatings are exceptionally durable, have superior corrosion resistance and mechanical strength, and are simple to apply and maintain. As a result, these resins are widely employed in metal coatings, floor coatings, white goods, marine and automotive part coatings, and other protective coating applications.
Key Target Audience:
- Epoxy Resin Manufacturers
- Raw Material Suppliers
- Additive Suppliers
- Construction and Infrastructure Companies
- Automotive Industry Players
- Aerospace and Defense Organizations
- Electrical and Electronics Manufacturers
- Marine Industry Companies
- Packaging Industry Players
Our in-depth analysis of the Europe Epoxy Resin Market includes the following segments:
| By Raw Material: | |
| By Application: |
Key Topics Covered in the Report:
- Europe Epoxy Resin Market Size (FY’2024-FY’2033)
- Overview of Europe Epoxy Resin Market
- Segmentation of Europe Epoxy Resin Market By Raw Material (DGBEA, DGBEF, Novolac, Aliphatic, Glycidylamine, and Other Raw Materials)
- Segmentation of Europe Epoxy Resin Market By Application (Paints and Coatings, Adhesives and Sealants, Composites, Electrical and Electronics, Wind Turbines, and Other Applications)
- Statistical Snap of Europe Epoxy Resin Market
- Expansion Analysis of Europe Epoxy Resin Market
- Problems and Obstacles in Europe Epoxy Resin Market
- Competitive Landscape in the Europe Epoxy Resin Market
- Impact of COVID-19 and Demonetization on Europe Epoxy Resin Market
- Details on Current Investment in Europe Epoxy Resin Market
- Competitive Analysis of Europe Epoxy Resin Market
- Prominent Players in the Europe Epoxy Resin Market
- SWOT Analysis of Europe Epoxy Resin Market
- Europe Epoxy Resin Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Epoxy Resin Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Epoxy Resin Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Epoxy Resin Market
7. Europe Epoxy Resin Market, By Raw Material (USD Million) 2020-2033
7.1. Europe Epoxy Resin Market Size, Share and Forecast, By Raw Material, 2020-20267.2. Europe Epoxy Resin Market Size, Share and Forecast, By Raw Material, 2027-20337.3. DGBEA (Bisphenol A and ECH)7.4. DGBEF (Bisphenol F and ECH)7.5. Novolac (Formaldehyde and Phenols)7.6. Aliphatic (Aliphatic Alcohols)7.7. Glycidylamine (Aromatic Amines and ECH)7.8. Other Raw Materials
8. Europe Epoxy Resin Market, By Application (USD Million) 2020-2033
8.1. Europe Epoxy Resin Market Size, Share and Forecast, By Application, 2020-20268.2. Europe Epoxy Resin Market Size, Share and Forecast, By Application, 2027-20338.3. Paints and Coatings8.4. Adhesives and Sealants8.5. Composites8.6. Electrical and Electronics8.7. Wind Turbines8.8. Other Applications
9. Europe Epoxy Resin Market Forecast, 2020-2033 (USD Million)
9.1. Europe Epoxy Resin Market Size and Market Share
10. Europe Epoxy Resin Market, By Region, 2020-2033 (USD Million)
10.1. Europe Epoxy Resin Market Size and Market Share By Region (2020-2026)10.2. Europe Epoxy Resin Market Size and Market Share By Region (2027-2033)10.3. Germany10.4. United Kingdom10.5. Italy10.6. Spain10.7. France10.8. Russia10.9. Rest of Europe
11. Company Profile
11.1. 3M
11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments
11.2. BASF SE
11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments
11.3. Covestro AG
11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments
11.4. Daicel Corporation
11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments
11.5. DuPont de Nemours, Inc
11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments
11.6. Westlake Corporation
11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments
11.7. Huntsman International LLC
11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments
11.8. Olin Corporation
11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments
11.9. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Epoxy Resin Market is projected to reach USD 4737.83 million by 2033, growing at a CAGR of 6.86% during the forecast period.
Europe Epoxy Resin Market grew in Market size from 2024. The Market is expected to reach USD 4737.83 million by 2033, at a CAGR of 6.86% during the forecast period.
Europe Epoxy Resin Market CAGR of 6.86% during the forecast period.
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Europe Epoxy Resin Market size is USD 4737.83 million from 2024 to 2033.
Europe Epoxy Resin Market is covered By Raw Material, By Application.
The Europe is anticipated to have the highest Market share in the Europe Epoxy Resin Market.
The key players in the Market include Companies Covered 3M, BASF SE, Covestro AG, Daicel Corporation, DuPont de Nemours, Inc, Westlake Corporation, Huntsman International LLC, Olin Corporation.
Epoxies are employed in a variety of products and inventions that promote energy efficiency and reduce greenhouse gas emissions. Epoxy technological advances are required for a wide range of renewable energy sources to become more effective, including wind, solar, natural gas, new battery technologies, and others.
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