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North America America Epoxy Resins Market Size (2024 - 2029)

The North America epoxy resins market is anticipated to experience growth driven by the robust expansion of the construction industry. However, challenges such as the hazardous health impacts associated with epoxy and the lingering effects of the COVID-19 pandemic are expected to impede market expansion. The United States currently leads in market dominance and is projected to maintain this position throughout the forecast period.

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Market Size of North America America Epoxy Resins Industry

North America Epoxy Resins Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 4.00 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

North America Epoxy Resin Market Analysis

The market for North America epoxy resins is expected to grow at a CAGR of over 4% globally during the forecast period. Strong growth of the construction industry is likley to drive the market growth through the forecast period.

  • Hazardous impacts of epoxy on health and impact of COVID-19 pandemic are expected to hinder the growth of the market.
  • United States dominated the market and is likley to hold the dominance through the forecast period.

North America Epoxy Resin Industry Segmentation

The North America Epoxy Resins Market report include:

Raw Material
DGBEA (Bisphenol A and ECH)
DGBEF (Bisphenol F and ECH)
Novolac (Formaldehyde and Phenols)
Aliphatic (Aliphatic Alcohols)
Glycidylamine (Aromatic Amines and ECH)
Other Raw Materials
Application
Paints and Coatings
Adhesives and Sealants
Composites
Electrical and Electronics
Wind Turbines
Other Applications
Geography
United States
Canada
Mexico
Rest of North America
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North America America Epoxy Resins Market Size Summary

The North America epoxy resins market is poised for significant growth, driven primarily by the robust expansion of the construction industry in the region. Epoxy resins, known for their superior properties such as strength, durability, and chemical resistance, are extensively used in various applications, including coatings for floors and metals, as well as in the automotive, marine, and aerospace sectors for corrosion protection. The versatility of epoxy resins in enhancing the durability and protection of surfaces makes them a preferred choice in the paints and coatings industry, particularly in North America. Despite the promising growth trajectory, the market faces challenges from health concerns related to epoxy usage and the lingering effects of the COVID-19 pandemic, which have somewhat dampened demand.

The United States stands as a dominant force in the North American epoxy resins market, bolstered by its expansive electronics and construction industries. The country's electronics market, the largest globally, continues to thrive due to technological advancements and increased consumer demand, fostering a conducive environment for epoxy resins. Additionally, the construction sector, despite recent economic setbacks, remains a significant contributor to market growth. The presence of major industry players such as 3M, Covestro AG, and Hexion further underscores the competitive landscape of the market. While the market experienced a temporary decline in 2020 due to economic disruptions, a recovery is anticipated as consumer spending and business activities normalize.

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North America America Epoxy Resins Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Strong Growth of the Construction Industry

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Hazardous Impact of Epoxy on Health

      2. 1.2.2 Impact of COVID-19 Pandemic

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Raw Material

      1. 2.1.1 DGBEA (Bisphenol A and ECH)

      2. 2.1.2 DGBEF (Bisphenol F and ECH)

      3. 2.1.3 Novolac (Formaldehyde and Phenols)

      4. 2.1.4 Aliphatic (Aliphatic Alcohols)

      5. 2.1.5 Glycidylamine (Aromatic Amines and ECH)

      6. 2.1.6 Other Raw Materials

    2. 2.2 Application

      1. 2.2.1 Paints and Coatings

      2. 2.2.2 Adhesives and Sealants

      3. 2.2.3 Composites

      4. 2.2.4 Electrical and Electronics

      5. 2.2.5 Wind Turbines

      6. 2.2.6 Other Applications

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

      4. 2.3.4 Rest of North America

North America America Epoxy Resins Market Size FAQs

The North America America Epoxy Resins Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

3M, Covestro AG , Hexion, Huntsman International LLC and Olin Corporation are the major companies operating in the North America America Epoxy Resins Market.

North America America Epoxy Resins Report Snapshots

North America America Epoxy Resins Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)