HBPA Epoxy Resin Market: By Physical Form, By Application, and Geography

HBPA Epoxy Resin Market Size, Share, Growth, Trends, and Global Industry Analysis: By Physical Form (Solid, Liquid), By Application (E&E Coating, Industrial Coating), and Region

HBPA Epoxy Resin Market size was valued at US$ 2.3 billion in 2023 and is poised to grow at a significant CAGR of 6.3% from 2024-2030. The HBPA epoxy resin market is driven by an increase in the need to protect concrete floors in industrial and commercial facilities. Additionally, the growth of power generation industry is the major factor propelling the growth of the HBPA epoxy resin market in developing countries. Most of the raw materials used in the production of HBPA epoxy resin are petroleum-based derivatives, which are vulnerable to fluctuations in commodity prices. However, extravagance in the price of raw materials constrain the growth of the market. Key players have adopted various organic as well as inorganic growth strategies between 2012 and 2018 to strengthen their positions in the market. Investment & expansion were among the key growth strategies adopted by these leading players to enhance their regional presence and meet the growing demand for HBPA epoxy resin from emerging economies. For instance, in June 2016, Hexion Inc. expanded its R&D facility. A new analytical laboratory was added to its technology & business center in Stafford, Texas.

The expansion caters to the increasing demand for chromatography, spectroscopy, rheology, microscopy, and materials in Hexion's epoxy, phenolic, and coating resins and forest products divisions. This report gives comprehensive outlook on HBPA epoxy resin across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. This report gives historical, current, and future market sizes (US$ Mn) on the basis of physical form and application. This report studies global HBPA epoxy resin market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global HBPA epoxy resin market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global HBPA epoxy resin market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global HBPA Epoxy Resin market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global HBPA epoxy resin products.

 

HBPA Epoxy Resin Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.3%

Largest Market

APAC

Fastest Growing Market

Europe

HBPA Epoxy Resin Market Dynamics

Epoxy resins are thermosetting resins, mostly produced from the reaction between epichlorohydrin (ECH) and bisphenol-A (BPA). When bisphenol A is used as an intermediate to produce epoxy resin through the hydrogenation process, it yields hydrogenated bisphenol A (HBPA) epoxy resin. The HBPA epoxy resin is cured using different kinds of curing agents to provide better shape and memory properties to the epoxy networks than the bisphenol A epoxy networks. The HBPA epoxy resin is characterized by lower viscosity and longer gelation time compared to the conventional epoxy resin. These properties enhance its weather resistance and make it an ideal material for exterior applications of E&E and industrial coatings. E&E coating is estimated to be the largest and projected to be the fastest-growing application of HBPA epoxy resin during the forecast period. Owing to its excellent adhesion and weather and chemical resistance properties, HBPA epoxy resin is largely used in the exterior coating applications of high-voltage electrical machines such as transformers, generators, circuit breakers, and isolators. The growing population and increasing urbanization have resulted in the growth of a strong and reliable power generation and distribution network, which, in turn, is driving the demand for HBPA epoxy resin in the E&E coating application.

HBPA Epoxy Resin Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 2.3 billion

Market CAGR

6.3%

By Physical Form

  • Liquid
  • Solid

By Application

  • E&E Coating
  • Industrial Coating

By Region

North America

  • US
  • Canada

Europe

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Rest of Latin America

Middle East and Africa

  • South Africa
  • Gulf Corporation Council Counties (GCC)
  • Rest of MEA

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

The HBPA epoxy resin market size was valued at US$ 2.3 billion in 2023

The HBPA epoxy resin market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

The HBPA epoxy resin market key players are Hexion (US), Atul Chemicals (India), New Japan Chemical Company (Japan), Aditya Birla Chemicals (India), Kukdo Chemicals (South Korea), Anhui Xinyuan Chemical Company (China), SIR Industriale (Italy), Emerald Performance Material (US), Nagase America Corporation (US), Huntsman Corporation (US)

Author image

Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

1. Executive Summary
2. Global HBPA Epoxy Resin Market Introduction 
2.1.Global HBPA Epoxy Resin Market  - Taxonomy
2.2.Global HBPA Epoxy Resin Market  - Definitions
2.2.1.Physical Form
2.2.2.Application
2.2.3.Region
3. Global HBPA Epoxy Resin Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global HBPA Epoxy Resin Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global HBPA Epoxy Resin Market  By Physical Form, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Liquid
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Solid
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6. Global HBPA Epoxy Resin Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. E&E Coating
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Industrial Coating
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
7. Global HBPA Epoxy Resin Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8. North America HBPA Epoxy Resin Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Physical Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Liquid
8.1.2.Solid
8.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.E&E Coating
8.2.2.Industrial Coating
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9. Europe HBPA Epoxy Resin Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Physical Form Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Liquid
9.1.2.Solid
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.E&E Coating
9.2.2.Industrial Coating
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
9.3.6.Rest of EU
10. Asia Pacific (APAC) HBPA Epoxy Resin Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Physical Form Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Liquid
10.1.2.Solid
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.E&E Coating
10.2.2.Industrial Coating
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11. Middle East and Africa (MEA) HBPA Epoxy Resin Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Physical Form Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Liquid
11.1.2.Solid
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.E&E Coating
11.2.2.Industrial Coating
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12. Latin America HBPA Epoxy Resin Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Physical Form Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Liquid
12.1.2.Solid
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.E&E Coating
12.2.2.Industrial Coating
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.Hexion (US)
13.2.2.Atul Chemicals (India)
13.2.3.New Japan Chemical Company (Japan)
13.2.4.Aditya Birla Chemicals (India)
13.2.5.Kukdo Chemicals (South Korea)
13.2.6.Anhui Xinyuan Chemical Company (China)
13.2.7.SIR Industriale (Italy)
13.2.8.Emerald Performance Material (US)
13.2.9.Nagase America Corporation (US)
13.2.10.Huntsman Corporation (US)
14. Research Methodology 
15. Appendix and Abbreviations 

Key Market Players

  • Hexion (US)
  • Atul Chemicals (India)
  • New Japan Chemical Company (Japan)
  • Aditya Birla Chemicals (India)
  • Kukdo Chemicals (South Korea)
  • Anhui Xinyuan Chemical Company (China)
  • SIR Industriale (Italy)
  • Emerald Performance Material (US)
  • Nagase America Corporation (US)
  • Huntsman Corporation (US)

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