Epoxy Resin Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, India, Japan, Germany - Size and Forecast 2024-2028

Published: Jan 2024 Pages: 183 SKU: IRTNTR71718

Epoxy Resin Market Forecast 2024-2028

The epoxy resin market size is forecast to increase by USD 5.18 billion at a CAGR of 6.75% between 2023 and 2028. Amidst meticulous market growth analysis, the paints & coatings sector emerges as a key player, buoyed by regulatory & sustainability mandates. This sector experiences significant traction, especially due to rising construction spending and automotive production. Demand for coatings in motor vehicles surges, highlighting the sector's importance in automotive production.

Moreover, the middle-income population's growth further propels demand, with shipbuilding industries and wastewater treatment plants increasingly relying on coatings. Attention to environmental concerns is evident, with efforts to reduce volatile organic compounds (VOC) emissions and protect against UV radiation. Innovations like thermosetting copolymers and various epoxy resins, including epoxy phenol novolac based resin, cycloaliphatic epoxy based resin, and bisphenol A based resin, cater to diverse requirements across the liquid grade, semi-solid grade, and solid grades. Additionally, intersections with the IT sector underscore the sector's adaptability and resilience.

What will be the Market Size During the Forecast Period?

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Market Segmentation by Application,  End-User, and Geography 

Application Analysis 

The market share growth by the paints and coatings segment will be significant during the forecast period. Epoxy resin-based paints and coatings have applications in construction, shipbuilding, automotive, infrastructure, and home appliances, among others. They provide high thermal stability as well as resistance to high-temperature conditions. Hence, the demand for epoxy resin-based paints and coatings is expected to grow during the forecast period owing to their wide range of applications. 

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The paints and coatings segment showed a gradual increase in the market share of 6.43 billion in 2018. Some of the main advantages of epoxy resin-based paints and coatings are application to the exterior surfaces of metals, weather resistance, longevity, reliability for concrete surfaces, chemical resistance, and ultraviolet- and temperature-resistant properties. These coatings are preferred in containment systems, including wastewater treatment tanks and commercial swimming pools. Thus, increasing the use of epoxy resin-based coatings is expected to drive the growth of the paints and coatings segment during the forecast period.

End-user Analysis 

The consumer goods?segment will account for the largest share of this segment.?In consumer goods, epoxy resins are used in paints and coatings for outdoor parts of refrigerators, air conditioners, kitchen appliances, and others. Epoxy resin-based paints and coatings are used to avoid external damage by rust and scratches. Moreover, epoxy-resin is used in various sports equipment as well, such as ball sports equipment, adventure sports equipment, fitness equipment, and golf equipment. Furthermore, the increasing use of epoxy-resin in the manufacturing of sports equipment and rising demand for sports apparatus are expected to drive the demand for epoxy resin, which will fuel the growth of the consumer goods segment in the global market during the forecast period.

Region Analysis

APAC is estimated to contribute 60% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The demand for paints and coatings, adhesives and sealants, electronic products, and others is expected to increase in the region owing to the growth of the commercial and residential construction sector and the increasing investments in infrastructure development. Economic growth, the emerging middle class, and the growth of the automobile sector will also fuel the demand for paints and coatings. Increased focus on development, rapid industrialization, and the flourishing housing and construction sector, especially in China and India, are anticipated to drive the growth of the market in APAC. India is also focusing on strengthening its infrastructure; it has witnessed a reform in its legal and fiscal system due to the increase in foreign capital inflows, strengthening its economic condition. This can pave the way for improved and better infrastructure throughout the country. Thus, such factors are expected to drive the growth of the market in APAC during the forecast period.

Market Dynamics and Customer Landscape

The escalating demand for epoxy resins within the paints and coatings sector, driven by the automotive industry's needs, reflects a broader trend across various end-use segments. Regulatory and sustainability mandates further propel this demand, fostering a shift towards environmentally friendly formulations. Technological advancements in epoxy resin formulations ensure enhanced mechanical strength, chemical resistance, and thermal stability, meeting the stringent requirements of industries such as aerospace and construction.

Additionally, with increasing construction spending and automotive production, particularly in regions with a growing middle-income population like India and China, the demand for epoxy resin-based coatings is set to soar. These coatings find applications not only in automotive OEMs but also in shipbuilding industries, wastewater treatment plants, and the IT sector. Moreover, the focus on reducing Volatile Organic Compounds (VOC) emissions and protecting against UV radiation underscores the importance of epoxy-resins as a preferred thermosetting copolymer, including variants such as Epoxy Phenol Novolac and Cycloaliphatic Epoxy. Liquid and semi-solid grades cater to diverse application needs, ensuring versatility and performance across industries.

Key Market Driver

Increasing demand for paints and coatings in the automotive industry is notably driving the market growth. Paints and coatings are used for several applications in the automotive industry due to their easy availability, high durability, superior gloss, and cost-effectiveness. Epoxy resin-based coatings provide high thermal stability and are resistant to fire and high temperatures. Automotive OEMs generally prefer waterborne coatings.

Additionally, in developing countries such as India and China, the growing purchasing power of consumers will encourage commuters in urban areas to purchase vehicles. This, in turn, will drive the growth of the automotive industry in these countries. Such factors will increase the demand for paints and coatings, which is expected to propel the growth of the market during the forecast period.

Significant Market Trends

Increasing focus on bio-based and eco-friendly resins is the primary trend shaping market growth. The surging demand for bio-based resins correlates with evolving market trends and analysis, driven by the rise of renewable resources and bio-based raw materials like starch and crop derivatives. Bio-based resins are highly used for the production of bioplastics. The use of bioplastics in several applications, such as packaging and domestic goods, has compelled plastics manufacturers to lower their overdependence on petroleum-based plastics.

Additionally, raw materials required to produce bio-based resins are renewable in origin, and the supply is abundant globally compared with petroleum- and fossil-based raw materials. Furthermore, new bio-based resins that reduce greenhouse gas emissions (GHG) are preferred, but the processes and products should also be time and cost-effective. This is expected to boost the research and development activities in the global market during the forecast period.

Major Market Challenge

Health issues associated with the use of epoxy resin is a challenge that affects market growth. The most common reaction is skin inflammation. Continuous contact of skin with resins can lead to chronic contact dermatitis, which is milder but long-lasting. Inhaling concentrated epoxy vapors for a long period can irritate the respiratory tract. Exposing sensitive skin areas, such as the eyelids, to highly concentrated epoxy vapors may cause irritation, itching, and swelling. 

Moreover, the most common side effects of repeated exposure to unhealthy epoxy chemicals are asthma, skin allergies, and irritations of the eyes, nose, and throat. There is no proper antidote available for epoxy sensitization, but medicine can heal symptoms sometimes. Therefore, the number of health issues associated with the use of epoxy resin can become a major challenge, which may impede market growth during the forecast period. 

Key Market Companies

Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches to enhance their presence in the market.

  • 3M Co.: The company offers epoxy resin such as 3M Scotch Weld epoxy adhesive 2216NS that maintains a strong bond under expansion, contraction, and limited movement while retaining good strength after environmental aging.

The market analysis and report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including: 

Aditya Birla Management Corp. Pvt. Ltd., Atul Ltd., Chang Chun Group, China Petrochemical Corp., Daicel Corp., DuPont de Nemours Inc., Hexion Inc., Huntsman International LLC, Kolon Industries Inc., Kukdo Chemical Co. Ltd., Nagase and Co. Ltd., NAMA Chemicals Co., Nan Ya Plastic Corp., Olin Corp., RAG Stiftung, Sika AG, SIR INDUSTRIALE S.P.A., Solvay SA, and Spolchemie AS

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The market is witnessing robust growth driven by demand for epoxy resins across various end-use segments. As technological advancements continue, diverse epoxy resin formulations are developed to meet specific requirements, such as mechanical strength in industries like aerospace and electronics.

Innovations in curing technologies and curing agents improve processing efficiency and productivity, reducing curing times and expanding application possibilities. Despite challenges like market volatility and supply chain disruptions, the market remains profitable, with a focus on optimizing production costs.

Epoxy resins find extensive applications in paints & coatings, offering superior adhesion and mechanical properties for protective coatings against corrosion, abrasion, and weathering on metal substrates like steel structures, pipelines, and storage tanks. They also enhance the appearance and durability of flooring, furniture, and decorative items in building & construction.

The market is characterized by competition and ongoing activities like new product launches, mergers & acquisitions, and expansions to cater to the growing end-use industry demands. With a focus on aesthetics and bonding capabilities for wood and stone, epoxy resins continue to play a vital role in various sectors, from aerospace/aircraft and marine to general industrial and paints & coatings.

Segment Overview

The market report predicts market growth and forecasting by revenue at global, regional & country levels and provides an analysis of the latest market growth and trends from 2018-2028. 

  • Application Outlook 
    • Paints and coatings
    • Adhesives and sealants 
    • Composites 
    • Electronic components
    • Others
  • End-user Outlook
    • Consumer goods
    • Building and construction
    • Wind energy
    • Others 
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Epoxy Resin Market Scope

Report Coverage

Details

Page number

183

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.75%

Market Growth 2024-2028

USD 5.18 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

6.29

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 60%

Key countries

US, China, India, Japan, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., Aditya Birla Management Corp. Pvt. Ltd., Atul Ltd., Chang Chun Group, China Petrochemical Corp., Daicel Corp., DuPont de Nemours Inc., Hexion Inc., Huntsman International LLC, Kolon Industries Inc., Kukdo Chemical Co. Ltd., Nagase and Co. Ltd., NAMA Chemicals Co., Nan Ya Plastic Corp., Olin Corp., RAG Stiftung, Sika AG, SIR INDUSTRIALE S.P.A., Solvay SA, and Spolchemie AS

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. 

Customization purview

If our market forecasting report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market forecast between 2024 and 2028. 
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • The market research and growth across APAC, North America, Europe, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this report to meet your requirements. Get in touch

 

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global epoxy resin market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global epoxy resin market 2018 - 2022 ($ billion)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.3 End-user Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Paints and coatings - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Paints and coatings - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Paints and coatings - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Paints and coatings - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Paints and coatings - Year-over-year growth 2023-2028 (%)
    • 6.4 Adhesives and sealants - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Adhesives and sealants - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Adhesives and sealants - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Adhesives and sealants - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Adhesives and sealants - Year-over-year growth 2023-2028 (%)
    • 6.5 Composites - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Composites - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Composites - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Composites - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Composites - Year-over-year growth 2023-2028 (%)
    • 6.6 Electronic components - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Electronic components - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Data Table on Electronic components - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Chart on Electronic components - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Electronic components - Year-over-year growth 2023-2028 (%)
    • 6.7 Others - Market size and forecast 2023-2028
      • Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.8 Market opportunity by Application
      • Exhibit 54: Market opportunity by Application ($ billion)
      • Exhibit 55: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 56: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 57: Data Table on End-user - Market share 2023-2028 (%)
    • 7.2 Comparison by End-user
      • Exhibit 58: Chart on Comparison by End-user
      • Exhibit 59: Data Table on Comparison by End-user
    • 7.3 Consumer goods - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Consumer goods - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Consumer goods - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Consumer goods - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Consumer goods - Year-over-year growth 2023-2028 (%)
    • 7.4 Building and construction - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Building and construction - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Building and construction - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Building and construction - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Building and construction - Year-over-year growth 2023-2028 (%)
    • 7.5 Wind energy - Market size and forecast 2023-2028
      • Exhibit 68: Chart on Wind energy - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Data Table on Wind energy - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 70: Chart on Wind energy - Year-over-year growth 2023-2028 (%)
      • Exhibit 71: Data Table on Wind energy - Year-over-year growth 2023-2028 (%)
    • 7.6 Others - Market size and forecast 2023-2028
      • Exhibit 72: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 74: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 75: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by End-user
      • Exhibit 76: Market opportunity by End-user ($ billion)
      • Exhibit 77: Data Table on Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 79: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 80: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 81: Chart on Geographic comparison
      • Exhibit 82: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 83: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 95: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 107: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 India - Market size and forecast 2023-2028
      • Exhibit 111: Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.11 Japan - Market size and forecast 2023-2028
      • Exhibit 115: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 116: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 117: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.12 Germany - Market size and forecast 2023-2028
      • Exhibit 119: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 120: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 121: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 122: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 123: Market opportunity by geography ($ billion)
      • Exhibit 124: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 125: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 126: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 127: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 128: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 129: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 130: Matrix on vendor position and classification
            • 12.3 3M Co.
              • Exhibit 131: 3M Co. - Overview
              • Exhibit 132: 3M Co. - Business segments
              • Exhibit 133: 3M Co. - Key news
              • Exhibit 134: 3M Co. - Key offerings
              • Exhibit 135: 3M Co. - Segment focus
            • 12.4 Aditya Birla Management Corp. Pvt. Ltd.
              • Exhibit 136: Aditya Birla Management Corp. Pvt. Ltd. - Overview
              • Exhibit 137: Aditya Birla Management Corp. Pvt. Ltd. - Product / Service
              • Exhibit 138: Aditya Birla Management Corp. Pvt. Ltd. - Key offerings
            • 12.5 Atul Ltd.
              • Exhibit 139: Atul Ltd. - Overview
              • Exhibit 140: Atul Ltd. - Business segments
              • Exhibit 141: Atul Ltd. - Key offerings
              • Exhibit 142: Atul Ltd. - Segment focus
            • 12.6 Chang Chun Group
              • Exhibit 143: Chang Chun Group - Overview
              • Exhibit 144: Chang Chun Group - Product / Service
              • Exhibit 145: Chang Chun Group - Key offerings
            • 12.7 China Petrochemical Corp.
              • Exhibit 146: China Petrochemical Corp. - Overview
              • Exhibit 147: China Petrochemical Corp. - Business segments
              • Exhibit 148: China Petrochemical Corp. - Key offerings
              • Exhibit 149: China Petrochemical Corp. - Segment focus
            • 12.8 Daicel Corp.
              • Exhibit 150: Daicel Corp. - Overview
              • Exhibit 151: Daicel Corp. - Business segments
              • Exhibit 152: Daicel Corp. - Key offerings
              • Exhibit 153: Daicel Corp. - Segment focus
            • 12.9 DuPont de Nemours Inc.
              • Exhibit 154: DuPont de Nemours Inc. - Overview
              • Exhibit 155: DuPont de Nemours Inc. - Business segments
              • Exhibit 156: DuPont de Nemours Inc. - Key news
              • Exhibit 157: DuPont de Nemours Inc. - Key offerings
              • Exhibit 158: DuPont de Nemours Inc. - Segment focus
            • 12.10 Huntsman International LLC
              • Exhibit 159: Huntsman International LLC - Overview
              • Exhibit 160: Huntsman International LLC - Business segments
              • Exhibit 161: Huntsman International LLC - Key news
              • Exhibit 162: Huntsman International LLC - Key offerings
              • Exhibit 163: Huntsman International LLC - Segment focus
            • 12.11 Kolon Industries Inc.
              • Exhibit 164: Kolon Industries Inc. - Overview
              • Exhibit 165: Kolon Industries Inc. - Product / Service
              • Exhibit 166: Kolon Industries Inc. - Key offerings
            • 12.12 Kukdo Chemical Co. Ltd.
              • Exhibit 167: Kukdo Chemical Co. Ltd. - Overview
              • Exhibit 168: Kukdo Chemical Co. Ltd. - Product / Service
              • Exhibit 169: Kukdo Chemical Co. Ltd. - Key offerings
            • 12.13 Nagase and Co. Ltd.
              • Exhibit 170: Nagase and Co. Ltd. - Overview
              • Exhibit 171: Nagase and Co. Ltd. - Business segments
              • Exhibit 172: Nagase and Co. Ltd. - Key offerings
              • Exhibit 173: Nagase and Co. Ltd. - Segment focus
            • 12.14 NAMA Chemicals Co.
              • Exhibit 174: NAMA Chemicals Co. - Overview
              • Exhibit 175: NAMA Chemicals Co. - Product / Service
              • Exhibit 176: NAMA Chemicals Co. - Key offerings
            • 12.15 Nan Ya Plastic Corp.
              • Exhibit 177: Nan Ya Plastic Corp. - Overview
              • Exhibit 178: Nan Ya Plastic Corp. - Business segments
              • Exhibit 179: Nan Ya Plastic Corp. - Key offerings
              • Exhibit 180: Nan Ya Plastic Corp. - Segment focus
            • 12.16 RAG Stiftung
              • Exhibit 181: RAG Stiftung - Overview
              • Exhibit 182: RAG Stiftung - Product / Service
              • Exhibit 183: RAG Stiftung - Key offerings
            • 12.17 Spolchemie AS
              • Exhibit 184: Spolchemie AS - Overview
              • Exhibit 185: Spolchemie AS - Product / Service
              • Exhibit 186: Spolchemie AS - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 187: Inclusions checklist
                • Exhibit 188: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 189: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 190: Research methodology
                • Exhibit 191: Validation techniques employed for market sizing
                • Exhibit 192: Information sources
              • 13.5 List of abbreviations
                • Exhibit 193: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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              • Data on revenue-generating market segments
              • Details on the market shares of various regions
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