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Japan Epoxy Resins Market Growth Projected to Surge in the Coming Years

Japan Epoxy Resins Market Growth Projected to Surge in the Coming Years

The recent “Japan Epoxy Resins Market” report by Report Ocean gathers insights and assessments through genuine consultations with key stakeholders, including CEOs, Managers, Department Heads of Suppliers, Manufacturers, and Distributors. This comprehensive study aims to thoroughly examine the global industry, target market, competition, and various influencing factors. Ask for Free Sample Report

The report on the “Japan Epoxy Resins Market” conducts a data-driven quantitative analysis of the relevant industry. It utilizes research based on public records to identify significant patterns. Additionally, it provides predictions for the market sector’s growth between 2024 and 2032. The research primarily focuses on major global market manufacturers, analyzing sales volume, rates, competitive aspects, market share, and development strategies up to 2032.

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Japan Epoxy Resins Market Analysis and Growth Forecast:

The Japan Epoxy Resins market held a market value of USD 193.7 Million in 2020 and is forecasted to reach USD 226.2 Million by the year 2027. The market is expected to witness a CAGR of 2.3% over the projected period. In 2020, around 112 kilo tons of epoxy resin was sold.

Epoxy resin is a flexible thermosetting resin produced by copolymerization of an epoxide with another compound which has 2 hydroxyl groups and used in adhesives and coatings. The market is anticipated to be driven by factors such as the increase in demand for lightweight composites and infrastructural development.

Despite these driving factors, the characteristics disadvantages over alternatives and volatility of raw material prices are estimated to negatively hamper market growth. The COVID-19 pandemic negatively impacted the market growth owing to supply chain disruptions and closure of manufacturing facilities.

Competitive Landscape

Key players operating in the Japan Epoxy Resins market include The 3M Company, Aditya Birla Chemicals, Arkema, BASF SE, Covestro AG, Cytec Solvay Industries, DuPont, Evonik Industries, Huntsman International LLC, Jiangsu Sanmu Group, Jubail Chemical Industries, Kukdo Chemical Co. Ltd., MPM Holdings, Olin Corporation, Sinopec Corporation, Sika AG, Hitachi Automotive Sys, Toray International Inc., Dic Corporation, and Kaneka Corporation, among others.

The major 10 players in the market are expected to hold around 76% share of the market. These market players are engaged in mergers & acquisitions, collaborations, and new product launches to strengthen their market presence. For instance, in January 2021, Huntsman Corporation acquired Gabriel Performance Products for strengthening its position in the business of specialty additives and epoxy curing agents for adhesives, coatings, composite, and sealants end-markets.

Growth Influencers:

Infrastructural development

Adoption of epoxy resins is increasing in infrastructural development owing to its various applications. These applications include binder in cement & mortars, non-skid coatings, general-purpose adhesives, rigid foams, industrial coatings, solidifying sandy surfaces in oil drilling, fiber-reinforced plastics, and potting & encapsulating media, among others. Therefore, high use in infrastructural development is anticipated to fuel the market growth.

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Segments Overview:

The Japan Epoxy Resins market is segmented into type, form, application, and end user.

By Type,
DGBEA (Bisphenol A and ECH)
DGBEF (Bisphenol F and ECH)
Novolac (Formaldehyde and Phenols)
Glycidyl amine (Aromatic Amines and ECH)
Aliphatic (Aliphatic Alcohols)
Others

The DGBEA (Bisphenol A and ECH) segment is estimated to hold the largest value share of about 69% owing to its various industrial applications, such as adhesives, coatings, paints, and structural applications. The Novolac (Formaldehyde and Phenols) segment is expected to witness the fastest growth rate of about 3.1% owing to its better chemical resistance as compared to other epoxy resin types.

By Form,
Liquid
Solid
Solution

The liquid segment is expected to account for the largest market share owing to its high usage in various applications. The solid segment is estimated to account for a market volume of around 27.5 kilo tons.

By Application,
Paints & Coatings
Composites
Adhesives & Sealants
Encapsulation
Others

The paints and coating segment is expected to account for the largest market share owing to high use of epoxy resin for production of paints and coatings. Adhesives and sealants segment is estimated to witness a growth rate of about 2.3%. Encapsulation segment is anticipated to surpass a market volume of about 21.1 kilo tons by 2027.

By End User,
Building & Construction
Aerospace
Consumer Goods
Marine
Wind Power
Others

The building and construction segment is expected to account for the largest market share of over 29% owing to increasing demand of epoxy resins in this industry. Aerospace sector is expected to witness the fastest growth rate owing to lightweight nature of epoxy resins. The wind power segment is anticipated to cross a market volume size of about 16.1 kilo tons by 2026.

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The Japan Epoxy Resins market report provides insights on the below pointers:

Market Penetration: Provides comprehensive information on the market offered by the prominent players

Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets

Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments

Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the Japan Epoxy Resins market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.

Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

Application Analysis, Top customers in Japan, by Application

End User Analysis, Top customers in Japan, by End User

The Japan Epoxy Resins market report answers questions such as:

  • What is the market size and forecast of the Japan Epoxy Resins Market?
  • What are the inhibiting factors and impact of COVID-19 on the Japan Epoxy Resins Market during the assessment period?
  • Which are the products/segments/applications/areas to invest in over the assessment period in the Japan Epoxy Resins Market?
  • What is the competitive strategic window for opportunities in the Japan Epoxy Resins Market?
  • What are the technology trends and regulatory frameworks in the Japan Epoxy Resins Market?
  • What is the market share of the leading players in the Japan Epoxy Resins Market?
  • What modes and strategic moves are considered favorable for entering the Japan Epoxy Resins Market?

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Report Components

Market Synopsis: This section encapsulates the present market scenario and outlines the industry’s scope. It includes a comprehensive analysis of key segments such as product types, applications, and regions, with revenue and sales forecasts provided as part of this overview.

Competitive Landscape: Illuminating the market’s competitive terrain, this section presents an in-depth analysis of manufacturers, offering insights into individual players’ revenue and sales figures. Additionally, it encompasses noteworthy details on mergers, acquisitions, and industry investments.

Regional Analysis: Providing an overview of market revenue, sales, and shares across major regions and sub-regions, this segment also explores the pricing structure, sales growth rate, and other crucial estimations.

Company Profiles: This section provides strategic business insights about key firms operating within the market landscape. It covers product specifications, revenue shares, and portfolios of these major companies.

The Analysis Objectives of the Report are:

To determine the size of the Market by identifying its sub-segments.

To research the key players and analyze their growth strategies.

To assess the size and value of the Market based on key regions.

To analyze the Market in terms of growth trends, potential, and participation in the overall sector.

To investigate the Market size (volume and value) from the company, key regions/countries, goods and applications, and background data.

Primary Market manufacturers to specify, clarify, and analyze the product sales volume, value, market share, market rivalry landscape, SWOT analysis, and future development plans.

To investigate market competitive developments such as market expansions, agreements, new product launches, and acquisitions.

What is new in 2024?

– Major developments that can change the business landscape as well as market forecasts.

– Addition/refinement in segmentation–Increase in depth or width of segmentation of the market.

– Coverage of new market players and change in the market share of existing players of the market.

– Updated financial information and product portfolios of players operating in the market.

– Updated market developments of the profiled players.

– Any new data points/analysis (frameworks) which was not present in the previous version of the report

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