HBPA Epoxy Resin Market Analysis | 2023-2028

Market Insights

The HBPA epoxy resin market was estimated at USD 1.69 billion in 2022 and is likely to grow at a CAGR of 5.16% during 2023-2028 to reach USD 2.29 billion in 2028.

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Market Dynamics

Introduction

Hydrogenated bisphenol A epoxy resin is prepared through the reaction of epichlorohydrin (ECH) with hexahydrobisphenol A (obtained by hydrogenation of bisphenol A). HBPA epoxy resin is used as a modifier in cationic and UV cure applications to reduce yellowing and as an adhesion promoter.

Market Drivers

The major factors driving the growth of the HBPA epoxy resin market are:

• The growing power generation industry, especially in developing countries.
• An increasing number of industrial & commercial facilities with a rising need to protect their concrete floors.

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Key Players

Some of the major HBPA epoxy resin manufacturers are:

• Aditya Birla Chemicals
• Anhui Xinyuan Chemical Co. Ltd.
• Atul Ltd.
• Emerald Performance Materials LLC
• Hexion Inc.
• Huntsman Corporation
• Kukdo Chemical Co. Ltd.
• Nagase America Corporation
• New Japan Chemical Co. Ltd.
• SIR Industriale SpA
• Others.

Note: The above list does not necessarily include all the top players in the market.

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Segments Analysis

By Form Type

Based on the form type, the market is segmented as liquid HBPA epoxy resin and solid HBPA epoxy resin. The liquid HBPA epoxy resin segment held the larger share of the market in 2022 and is expected to register a higher CAGR during the forecast period. Easy application of it in flooring, adhesives, and wind power applications is driving the demand.

By Application Type

Based on the application type, the market is segmented as E&E coatings, industrial coatings, and others. The E&E coatings segment dominates the market, owing to its excellent physical properties. HBPA epoxy resin is preferred in high-voltage electrical machines as a coating material to protect them from external weather conditions. Rapid industrialization along with increasing population is driving the demand for power generation and distribution infrastructure and this is expected to propel the HBPA epoxy resin market growth during the forecast period.

Regional Insights

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for HBPA epoxy resins during the forecast period, with China and India being the major countries with lucrative growth opportunities. The demand for power generation and distribution is growing with urbanization and industrialization in these countries. Increasing awareness of public and government initiatives toward renewable energy development is expected to further drive the HBPA epoxy resin market in the coming years.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s HBPA epoxy resin market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The HBPA epoxy resin market is segmented into the following categories:

By Form Type

• Liquid HBPA Epoxy Resin
• Solid HBPA Epoxy Resin

By Application Type

• E&E Coatings
• Industrial Coatings
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the form types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.