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Epoxy Resin Market in South America by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Feb 2022
  • Pages: 120
  • SKU: IRTNTR72272
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The epoxy resin market share in South America is expected to increase to 22.61 thousand units from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.05%.

This market in South America research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the  market in South America segmentation by the following:

  • Application - Paints and coatings, adhesives and sealants, composites, electronic components, and others 
  • Geography - Brazil, Argentina, Chile, Peru, and the Rest of South America 

The  market in South America report also offers information on several market vendors, including 3M Co., Allnex Netherlands BV, BASF SE, Covestro AG, DuPont de Nemours Inc., Hexion Inc., Huntsman Corp., Momentive Performance Materials Inc., Olin Corp., and Spolchemie AS among others.

What will the Epoxy Resin Market Size in South America be During the Forecast Period?

Epoxy Resin Market Size

Download the Free Report Sample to Unlock the Epoxy Resin Market Size in South America for the Forecast Period and Other Important Statistics

 

Epoxy Resin Market in South America: Key Drivers, Trends, and Challenges

The increasing demand for paints and coatings in the automotive industry is notably driving the market growth in South America, although factors such as fluctuations in the price of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the epoxy resin industry in South America. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Epoxy Resin Market Driver in South America 

  • One of the key factors driving the market growth in South America is the increasing demand for paints and coatings in the automotive industry.
  • The superior gloss, durability, and cost-effectiveness of paints and coatings make them popular among automakers.
  • The adoption of strong, safe, light, and fuel-efficient vehicles is expected to rise significantly during the forecast period.
  • The automobile manufacturers in South America have remained early adopters of technology, spurred by evolving consumer requirements, and the region has witnessed extensive product development activities.
  • The high per capita disposable income and improved living standards in the region enable consumers to afford new technological developments and their incorporation. Such factors are driving the demand for paints and coatings, which, in turn, is expected to drive the market in South America during the forecast period.

Key Epoxy Resin Market Trend in South America

  • Another key factor driving the market growth in South America is the increasing focus on bio-based and eco-friendly resins such as bioplastics driven by the emergence of renewable resources, biomass, and bio-based raw materials such as starch and other crop derivatives.
  • The raw ingredients are abundant, particularly in emerging countries like Brazil, Mexico, and Argentina, resulting in substantial bioplastic manufacturing in these countries.
  • South American polymer makers will be forced to create bio-based alternatives, particularly bio-based PE, due to volatile prices and limited crude oil supplies.
  • The renewable nature of bio-based PE makes it an environmentally preferable alternative to chemical counterparts.
  • Going by the present consumption pattern, these sources are expected to get exhausted in the next 30 to 40 years.
  • New bio-based resins that reduce greenhouse gas emissions (GHG) are preferred, but the processes and products also should be time and cost-effective. This is expected to boost the research and development activities in the market in focus during the forecast period.

Key Epoxy Resin Market Challenge in South America

  • One of the key challenges to the  market growth in South America is the fluctuations in the price of raw materials.
  • In comparison to the pricing in Q3 of FY21, South American epoxy resin prices in Q4 were on the higher end.
  • On a DEL Texas basis, the prices of liquid, solid, and semi-solid resins were 15%, 10%, and 12% higher on average than the prices in Q3 of FY21.
  • After the hurricane season, production only returned to normal by late October and early November, due to a scarcity of raw materials in the first half of Q4.
  • Epoxy resins are costlier to produce than other types of resins because the raw materials required to manufacture epoxy resins are more expensive than other low-end resins.
  • Most epoxy resins have to go through some level of regulation to ensure that they are Food and Drug Administration (FDA)-compliant and food-safe, which adds further to the cost. Such factors are expected to limit the growth of the market in focus during the forecast period.

This market in South America analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technnavio categorizes the epoxy resin market in South America as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market in South America during the forecast period.

Who are the Major Epoxy Resin Market Vendors in South America?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • 3M Co.
  • Allnex Netherlands BV
  • BASF SE
  • Covestro AG
  • DuPont de Nemours Inc.
  • Hexion Inc.
  • Huntsman Corp.
  • Momentive Performance Materials Inc.
  • Olin Corp.
  • Spolchemie AS

This statistical study of the market in South America encompasses successful business strategies deployed by the key vendors. The  market in South America is fragmented and the vendors are deploying growth strategies such as an increase in R&D investments to compete in the market.

Product Insights and News

  • 3M Co. - The company offers epoxy resin that is used in abrasives, adhesives, sealants and fillers, advanced materials, automotive parts and hardware, building materials, cleaning,supplies, coatings, communications, compounds and polishes, dental and orthodontics.
  • DuPont de Nemours Inc. -The company offers epoxy resin that is used in packaging, agricultural machinery and equipment, door and window assembly, havoc manufacturing, construction material assembly, prefabricated houses, security tapes.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The  market in South America forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Epoxy Resin Market in South America Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market in South America, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global specialty chemicals market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Epoxy Resin Market in South America?

Epoxy Resin Market Market segmentation by region

For more insights on the market share of various regions Request for a FREE sample now!

50% of the market's growth will originate from Brazil during the forecast period. Argentina, Chile, and Peru are the other key markets for epoxy resin in South America. Market growth in this country will be faster than the growth of the market in other countries.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak severely affected major economies such as Brazil, Argentina, Chile, and Peru. The pandemic led to a temporary halt in business activities except for essential services, adversely affecting the demand for paints and coatings. However, in the second half of 2021, with the initiation of large-scale COVID-19 vaccination drives and adherence to social distancing norms, lockdowns were lifted following a gradual decrease in the number of COVID-19 cases. This led to the resumption of business operations in various end-user industries. Such factors are expected to boost the demand for epoxy resin during the forecast period.

What are the Revenue-generating Application Segments in the Epoxy Resin Market in South America?

Epoxy Resin Market Segmentation

To gain further insights on the market contribution of various segments Request for a FREE sample

The epoxy resin market share growth in South America by the paints and coatings segment will be significant during the forecast period. The growth is attributed to the high demand for epoxy resin-based paints and coatings in construction (including flooring), shipbuilding, automotive, infrastructure, and home appliances manufacturing industries.

This report provides an accurate prediction of the contribution of all the segments to the growth of the  market size in South America and actionable market insights on post COVID-19 impact on each segment.

 

Epoxy Resin Market Scope in South America

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.05%

Market growth 2022-2026

22.61 th units

Market structure

Fragmented

YoY growth (%)

3.73

Regional analysis

South America

Performing market contribution

Brazil at 50%

Key consumer countries

Brazil, Argentina, Chile, Peru, and Rest of South America

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

3M Co., Allnex Netherlands BV, BASF SE, Covestro AG, DuPont de Nemours Inc., Hexion Inc., Huntsman Corp., Momentive Performance Materials Inc., Olin Corp., 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, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Epoxy Resin Market in South America Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive  market growth in South America during the next five years
  • Precise estimation of the  market size in South America and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the epoxy resin industry in South America  
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of  market vendors in South America 

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:  Key Finding 1

                              Exhibit 02:  Key finding 2

                              Exhibit 03:  Key finding 3

                              Exhibit 04:  Key finding 5

                              Exhibit 05:  Key finding 6

                              Exhibit 06:  Key finding 7

2. Market Landscape                            

               2.1 Market ecosystem             

                              2.1.1 Parent Market

                              Exhibit 07:  Parent market

                              Exhibit 08:  Market characteristics

               2.2 Value chain analysis           

                              2.2.1 Inputs

                              2.2.2 Inbound logistics

                              2.2.3 Operations

                              2.2.4 Outbound logistics

                              2.2.5 Marketing and sales

                              2.2.6 Support activities

                              2.2.7 Innovations

3. Market Sizing                      

               3.1 Market definition

                              Exhibit 09:  Offerings of vendors included in the market definition

               3.2 Market segment analysis  

                              Exhibit 10:  Market segments

               3.3 Market size 2021 

               3.4 Market outlook: Forecast for 2021 - 2026 

                              3.4.1 Estimating growth rates for emerging and high-growth markets

                              3.4.2 Estimating growth rates for mature markets

                              Exhibit 12:  South America - Market size and forecast 2021 - 2026 (thousand tons)

                              Exhibit 13:  South America market: Year-over-year growth 2021 - 2026 (%)

4. Five Forces Analysis                         

               4.1 Five Forces Summary         

                              Exhibit 14:  Five forces analysis 2021 & 2026

               4.2 Bargaining power of buyers            

                              Exhibit 15:  Bargaining power of buyers

               4.3 Bargaining power of suppliers        

                              Exhibit 16: Bargaining power of suppliers

               4.4 Threat of new entrants     

                              Exhibit 17:  Threat of new entrants

               4.5 Threat of substitutes          

                              Exhibit 18: Threat of substitutes

               4.6 Threat of rivalry   

                              Exhibit 19: Threat of rivalry

               4.7 Market condition 

                              Exhibit 20:  Market condition - Five forces 2021

5. Market Segmentation by Application                       

               5.1 Market segments

                              The segments covered in this chapter are:

  • Paints and coatings
  • Adhesives and sealants
  • Composites
  • Electronic components
  • Others

                              Exhibit 21:  Application - Market share 2021-2026 (%)

               5.2 Comparison by Application             

                              Exhibit 22:  Comparison by Application

               5.3 Paints and coatings - Market size and forecast 2021-2026  

                              Exhibit 23:  Paints and coatings - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 24:  Paints and coatings - Year-over-year growth 2021-2026 (%)

               5.4 Adhesives and sealants - Market size and forecast 2021-2026          

                              Exhibit 25:  Adhesives and sealants - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 26:  Adhesives and sealants - Year-over-year growth 2021-2026 (%)

               5.5 Composites - Market size and forecast 2021-2026 

                              Exhibit 27:  Composites - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 28:  Composites - Year-over-year growth 2021-2026 (%)

               5.6 Electronic components - Market size and forecast 2021-2026          

                              Exhibit 29:  Electronic components - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 30:  Electronic components - Year-over-year growth 2021-2026 (%)

               5.7 Others - Market size and forecast 2021-2026          

                              Exhibit 31:  Others - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 32:  Others - Year-over-year growth 2021-2026 (%)

               5.8 Market opportunity by Application              

                              Exhibit 33:  Market opportunity by Application

6. Customer landscape                        

                              Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

               6.1 Overview

                              Exhibit 34:  Customer landscape

7. Geographic Landscape                    

               7.1 Geographic segmentation

                              The regions covered in the report are:

  • Brazil
  • Argentina
  • Chile
  • Peru
  • Rest of South America

                              Exhibit 35:  Market share by geography 2021-2026 (%)

               7.2 Geographic comparison    

                              Exhibit 36:  Geographic comparison

               7.3 Brazil - Market size and forecast 2021-2026             

                              Exhibit 37:   Brazil - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 31:  Brazil - Year-over-year growth 2021-2026 (%)

               7.4 Argentina - Market size and forecast 2021-2026    

                              Exhibit 39:   Argentina - Market size and forecast 2021-2026 (thousand tons)

               7.5 Chile - Market size and forecast 2021-2026             

                              Exhibit 41:   Chile - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 42:  Chile - Year-over-year growth 2021-2026 (%)

               7.6 Peru - Market size and forecast 2021-2026              

                              Exhibit 43:   Peru - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 44:  Peru - Year-over-year growth 2021-2026 (%)

               7.7 Rest of South America - Market size and forecast 2021-2026           

                              Exhibit 45:   Rest of South America - Market size and forecast 2021-2026 (thousand tons)

                              Exhibit 46:  Rest of South America - Year-over-year growth 2021-2026 (%)

               7.8 Market opportunity by geography

                              Exhibit 47:  Market opportunity by geography (thousand tons)

8. Drivers, Challenges, and Trends                  

               8.1 Market drivers      

                              8.1.1 Increasing demand for paints and coatings in the automotive industry

                              8.1.2 Growth in the real estate and construction industry

                              8.1.3 Rise in the number of mergers and acquisitions

               8.2 Market challenges              

                              8.2.1 Fluctuations in the price of raw materials

                              8.2.2 Stringent regulations and policies

                              8.2.3 Increasing use of glass in buildings

                              Exhibit 48:  Impact of drivers and challenges

               8.3 Market trends      

                              8.3.1 Increasing focus on bio-based and eco-friendly resins

                              8.3.2 Increasing demand for composites in the automotive industry

                              8.3.3 Increasing usage in the aerospace and aircraft industry

9. Vendor Landscape                            

               9.1 Overview

                              Exhibit 49:  Vendor landscape

               9.2 Landscape disruption         

                              Exhibit 50:  Landscape disruption

                              Exhibit 51:  Industry risks

               9.3 Competitive landscape     

10. Vendor Analysis               

               10.1 Vendors covered              

                              Exhibit 52:  Vendors covered

               10.2 Market positioning of vendors    

                              Exhibit 53: Market positioning of vendors

               10.3 3M Co.

                              Exhibit 54:  3M Co. - Overview

                              Exhibit 55:  3M Co. - Business segments

                              Exhibit 56:  3M Co. - Key news

                              Exhibit 57:  3M Co. - Key offerings

               10.4 Allnex Netherlands BV    

                              Exhibit 59:  Allnex Netherlands BV - Overview

                              Exhibit 60:  Allnex Netherlands BV - Product and service

                              Exhibit 61:  Allnex Netherlands BV - Key offerings

               10.5 BASF SE 

                              Exhibit 62:  BASF SE - Overview

                              Exhibit 63:  BASF SE - Business segments

                              Exhibit 64:  BASF SE - Key offerings

                              Exhibit 65:  BASF SE - Segment focus

               10.6 Covestro AG       

                              Exhibit 66:  Covestro AG - Overview

                              Exhibit 67:  Covestro AG - Business segments

                              Exhibit 68:  Covestro AG - Key offerings

                              Exhibit 69:  Covestro AG - Segment focus

               10.7 DuPont de Nemours Inc.

                              Exhibit 70:  DuPont de Nemours Inc. - Overview

                              Exhibit 71:  DuPont de Nemours Inc. - Business segments

                              Exhibit 72:  DuPont de Nemours Inc. - Key news

                              Exhibit 73:  DuPont de Nemours Inc. - Key offerings

                              Exhibit 74:  DuPont de Nemours Inc. - Segment focus

               10.8 Hexion Inc.          

                              Exhibit 75:  Hexion Inc. - Overview

                              Exhibit 76:  Hexion Inc. - Business segments

                              Exhibit 77:  Hexion Inc. - Key news

                              Exhibit 78:   Hexion Inc. - Key offerings

                              Exhibit 79:  Hexion Inc. - Segment focus

               10.9 Huntsman Corp.               

                              Exhibit 80:  Huntsman Corp.  - Overview

                              Exhibit 81:  Huntsman Corp.  - Business segments

                              Exhibit 82:  Huntsman Corp. - Key news

                              Exhibit 83:  Huntsman Corp.  - Key offerings

                              Exhibit 84:  Huntsman Corp.  - Segment focus

               10.10 Momentive Performance Materials Inc.

                              Exhibit 85:  Momentive Performance Materials Inc. - Overview

                              Exhibit 86:  Momentive Performance Materials Inc. - Product and service

                              Exhibit 87:  Momentive Performance Materials Inc. - Key news

                              Exhibit 88:  Momentive Performance Materials Inc. - Key offerings

               10.11 Olin Corp.         

                              Exhibit 89:  Olin Corp. - Overview

                              Exhibit 90:  Olin Corp. - Business segments

                              Exhibit 91:  Olin Corp. - Key offerings

                              Exhibit 92:  Olin Corp. - Segment focus

               10.12 Spolchemie AS 

                              Exhibit 93:  Spolchemie AS - Overview

                              Exhibit 94:  Spolchemie AS - Product and service

                              Exhibit 95:  Spolchemie AS - Key offerings

11. Appendix                           

               11.1 Scope of the report         

                              11.1.1 Market definition

                              11.1.2 Objectives

                              11.1.3 Notes and caveats

               11.2 Currency conversion rates for US$            

                              Exhibit 96:  Currency conversion rates for US$

               11.3 Research Methodology   

                              Exhibit 97:  Research Methodology

                              Exhibit 98:  Validation techniques employed for market sizing

                              Exhibit 99:  Information sources

               11.4 List of abbreviations        

                              Exhibit 100:  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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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Epoxy Resin market growth will increase by $22.61 thousand tons during 2021-2026.
The epoxy resin market is expected to grow at a CAGR of 4.05% during 2021-2026.
Technavio has segmented the epoxy resin market by application (Paints and coatings, Adhesives and sealants, Composites, Electronic components, and Others) and geographic (Brazil, Argentina, Chile, Peru, and Rest of South America).
3M Co., Allnex Netherlands BV, BASF SE, Covestro AG, DuPont de Nemours Inc., Hexion Inc., Huntsman Corp., Momentive Performance Materials Inc., Olin Corp., Spolchemie AS are a few of the key vendors in the epoxy resin market.
Brazil will register the highest growth rate of 50.13% among the other regions. Therefore, the epoxy resin market in Brazil is expected to garner significant business opportunities for the vendors during the forecast period.
  • Brazil
  • Argentina
  • Chile
  • Peru
  • Rest of South America
The key factors driving the epoxy resin market growth are:
  • Increasing demand for paints and coatings in the automotive industry
The epoxy resin market vendors should focus on grabbing business opportunities from the paints and coatings segment as it accounted for the largest market share in the base year.
  • 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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