Middle East and Africa HBPA Epoxy Resin Market Size, Share, Growth, Trends, and Industry Analsis: By Physical Form, By Application, and Country Forecast 2020-2031
Middle East And Africa Hbpa Epoxy Resin Market size was valued at US$ 479.3 million in 2024 and is expected to reach US$ 697.4 million by 2031, growing at a significant CAGR of 4.8% from 2025-2031. The HBPA epoxy resin market is driven by an increase in the need to protect concrete floors in the industrial and commercial facilities. Additionally, the growth of power generation industry is the major factor propelling the growth of 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, extravagancy in the price of raw material constraints the growth of market. In addition, market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
Moreover, PBI analyzed 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 market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in Middle East and Africa HBPA epoxy resin products.
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 is expected to witness a high consumption of HBPA epoxy resins by 2030, due to increase in industrialization.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Market Size in 2024 |
US$ 479.3 million |
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Market Size in 2031 |
US$ 697.4 million |
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By Physical Form |
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By Application |
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By Country |
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The Middle East And Africa hbpa epoxy resin market size was valued at US$ 479.3 million in 2024 and is expected to reach US$ 697.4 million by 2031, growing at a significant CAGR of 4.8% from 2025-2031
The market coverage are the Saudi Arabia, United Arab Emirates, South Africa
The market key players are theHexion, Atul Chemicals, New Japan Chemical Company, Aditya Birla Chemicals, Kukdo Chemicals, Anhui Xinyuan Chemical Company, SIR Industriale, Emerald Performance Material, Nagase America Corporation, Huntsman Corporation
| 1.Executive Summary |
| 2.Middle East And Africa HBPA Epoxy Resin Market Introduction |
| 2.1.Middle East And Africa HBPA Epoxy Resin Market - Taxonomy |
| 2.2.Middle East And Africa HBPA Epoxy Resin Market - Definitions |
| 2.2.1.Physical Form |
| 2.2.2.Application |
| 2.2.3.Country |
| 2.2.4.Country |
| 3.Middle East And Africa 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.Middle East And Africa HBPA Epoxy Resin Market Analysis, 2020 - 2024 and Forecast 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Middle East And Africa HBPA Epoxy Resin Market By Physical Form, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 5.1. Liquid |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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.Middle East And Africa HBPA Epoxy Resin Market By Application, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 6.1. E&E Coating |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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.Middle East And Africa HBPA Epoxy Resin Market By Country, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 7.1. Middle East and Africa (MEA) |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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. Gulf Cooperation Council (GCC) Countries |
| 7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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. Israel |
| 7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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. South Africa |
| 7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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. Rest of MEA |
| 7.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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.Middle East And Africa HBPA Epoxy Resin Market By Country, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 8.1. GCC Countries |
| 8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. South Africa |
| 8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Rest of MEA |
| 8.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 9.GCC Countries HBPA Epoxy Resin Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 9.1. Physical Form Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Liquid |
| 9.1.2.Solid |
| 9.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Middle East and Africa (MEA) |
| 9.3.2.Gulf Cooperation Council (GCC) Countries |
| 9.3.3.Israel |
| 9.3.4.South Africa |
| 9.3.5.Rest of MEA |
| 10.South Africa HBPA Epoxy Resin Market ,2020 - 2024 and Forecast 2025 - 2031 (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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Middle East and Africa (MEA) |
| 10.3.2.Gulf Cooperation Council (GCC) Countries |
| 10.3.3.Israel |
| 10.3.4.South Africa |
| 10.3.5.Rest of MEA |
| 11.Rest of MEA HBPA Epoxy Resin Market ,2020 - 2024 and Forecast 2025 - 2031 (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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Middle East and Africa (MEA) |
| 11.3.2.Gulf Cooperation Council (GCC) Countries |
| 11.3.3.Israel |
| 11.3.4.South Africa |
| 11.3.5.Rest of MEA |
| 12. Competition Landscape |
| 12.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 12.2.1.Hexion |
| 12.2.2.Atul Chemicals |
| 12.2.3.New Japan Chemical Company |
| 12.2.4.Aditya Birla Chemicals |
| 12.2.5.Kukdo Chemicals |
| 12.2.6.Anhui Xinyuan Chemical Company |
| 12.2.7.SIR Industriale |
| 12.2.8.Emerald Performance Material |
| 12.2.9.Nagase America Corporation |
| 12.2.10.Huntsman Corporation |
| 13. Research Methodology |
| 14. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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