The growth of the power generation industry in developing countries and an increase in the need to protect concrete floors in industrial and commercial facilities are expected to drive the demand for HBPA epoxy resin during the forecast period. The key players in the HBPA epoxy resin market include, Hexion (US), Atul Chemicals (India), New Japan Chemical Company (Japan), Aditya Birla Chemicals (India), Kukdo Chemicals (South Korea), Anhui Xinyuan Chemical Company (China), SIR Industriale (Italy), Emerald Performance Material (US), and Nagase America Corporation (US). The HBPA epoxy resin market report analyzes the key growth strategies adopted by the leading market players, between 2013 and 2018. These strategies include investment & expansion, new product launch, partnership, and merger & acquisition.

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Hexion is among the key players in the HBPA epoxy resin market, which has adopted investment & expansion and new product launch as its key business strategies. For instance, in June 2016, Hexion Inc. increased its R&D facilities. A new analytical laboratory was added to its technology & business center in Stafford, Texas. The expansion caters to the increasing demand for chromatography, spectroscopy, rheology, microscopy, and materials in Hexion’s epoxy, phenolic, and coating resins and forest products divisions.

Aditya Birla Chemicals is one of the leading manufacturers of HBPA epoxy resin; the company has adopted merger & acquisition as one of its key business strategies to strengthen its competitiveness in the global HBPA epoxy resin market. For example, in October 2013, Aditya Birla Chemicals acquired CTP Chemicals and Technologies (100% equity stake) and CTP Advanced Materials GmbH (CTP AM) (50% equity stake). The strategic acquisition is expected to strengthen Aditya Birla’s position in the epoxy resin and curing agents business in Europe. CTP AM is a marketing and development company, providing solutions for electrical and composite industries; especially for the windmill/rotor blade industry. CTP and CTP AM have a strong brand image as a specialty products supplier and solutions provider in Europe, which, in turn, strengthens Aditya Birla’s brand image in the European market.

E&E is the largest application of HBPA epoxy resin. These resins are widely used in electrical casting and electrical laminates in several high-voltage electrical machines such as transformers, generators, motors, switch gears, surge accelerators, and isolators. HBPA epoxy resin is used in these machines to protect them from external weather conditions and prevent the yellowing of their surfaces. The increase in urbanization and industrialization drives the consumption of electrical machines on a commercial scale, which, in turn, is fueling the demand for HBPA epoxy resin.

The liquid form is projected to lead the HBPA epoxy resin market, globally. The liquid epoxy resin is expected to account for the larger share as it is easy to apply and mainly used in flooring, adhesives, and wind power applications. It is the most widely used resin as it caters to almost every application.

Table of Contents

1 Introduction (Page No. – 13)
    1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Stakeholders

2 Research Methodology (Page No. – 16)
    2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions and Limitations
2.4.1 Assumptions
2.4.2 Limitations

3 Executive Summary (Page No. – 24)
    3.1 Introduction

4 Premium Insights (Page No. – 27)
    4.1 Attractive Opportunities in the HBPA Epoxy Resin Market
4.2 HBPA Epoxy Resin Market, By Physical Form
4.3 HBPA Epoxy Resin Market, By Region
4.4 APAC HBPA Epoxy Resin Market, By Application, and Country

5 Market Overview (Page No. – 30)
    5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth of Power Generation Industry in Developing Countries
5.2.1.2 Increase in Need to Protect Concrete Floors in Industrial and Commercial Facilities
5.2.2 Restraints
5.2.2.1 Volatility in Raw Material Prices
5.2.3 Opportunities
5.2.3.1 Requirement of Existing Power Infrastructure Refurbishment in Developed Countries
5.2.4 Challenges
5.2.4.1 High Price of Industry Products
5.3 Porter’s Five Forces Analysis
5.3.1 Bargaining Power of Buyers
5.3.2 Bargaining Power of Suppliers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicator

 

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