Japan Epoxy Resins Market Insights Forecasts to 2033

• The Japan Epoxy Resins Market Size was valued at USD 207.4 Million in 2023.
• The Market is growing at a CAGR of 2.27% from 2023 to 2033
• The Japan Epoxy Resins Market Size is expected to reach USD 259.5 Million by 2033

The Japan Epoxy Resins Market is anticipated to exceed USD 259.5 Million by 2033, growing at a CAGR of 2.27% from 2023 to 2033. The increasing infrastructure development in the country is driving the growth of the epoxy resins market in the Japan.     

Market Overview

Epoxy resins are prepolymers and polymers that are versatile and highly adhesive materials. Epoxy resins can be combined with different modifiers and curing agents to provide the qualities needed for a certain application. The durability, strong adhesion, chemical resistance, and other specialized properties of epoxy resins make it a suitable material for a wide range of applications including construction, woodworking, and manufacturing industries. They may stick to a wide variety of surfaces with good mechanical, chemical, and electrical qualities. In infrastructure projects like building and construction, epoxy resins are widely used in floors, coatings, and sealants. The increasing rate of infrastructure construction, in the country, has greatly increased the demand for epoxy resins. Further, it is anticipated that the introduction of lightweight and fuel-efficient automobiles will present a profitable opportunity for market growth.

Report Coverage

This research report categorizes the market for the Japan epoxy resins market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan epoxy resins market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan epoxy resins market.

Driving Factors

The rapid urbanization, rising population, and disposable income are responsible for driving the market growth in Japan owing to the infrastructure development activities. Epoxy resins are a popular choice in the construction sector because they offer infrastructure materials and structures exceptional durability, strength, and resistance to corrosion. Further, the increasing investments by the government in infrastructure projects, building transport networks, commercial spaces, housing, renewable energy projects, and utilities are propelling the market demand.

Restraining Factors

The raw material price volatility affecting the production of epoxy resins is hampering the market.   Further, the availability of alternative materials like polyurethane, polyester, and vinyl ester to phenolic resins which provide the same function as epoxy resins may restrict the market demand.

Market Segmentation

The Japan Epoxy Resins Market share is classified into type, form, application, and end user.

• The DGBEA (bisphenol A & ECH) segment is expected to hold the largest market share during the forecast period.

The Japan epoxy resins market is segmented by type into DGBEA (bisphenol A & ECH), DGBEF (bisphenol F & ECH), novolac (formaldehyde & phenols), glycidyl amine (aromatic amine & ECH), aliphatic (aliphatic alcohols), and others. Among these, the DGBEA (bisphenol A & ECH) segment is expected to hold the largest market share during the forecast period. Bisphenol-A diglycidyl ether (DGEBA) is the lowest molecular weight resin with widespread application in the construction industry. The widespread industrial applications including adhesives, coatings, and paints are driving the market demand.

• The liquid segment is anticipated to hold the largest market share during the forecast period.

Based on the form, the Japan epoxy resins market is divided into liquid, solid, and solution. Among these, the liquid segment is anticipated to hold the largest market share during the forecast period. Liquid epoxy resins are unmodified bisphenol-A-based di-glycidyl ethers that are combined with curing agents to convert into thermosets that typically show excellent mechanical, adhesive, dielectric, anti-corrosion, and chemical resistance qualities. The increased application of a liquid form of epoxy resin is driving the market growth.

• The paints & coatings segment dominated the Japan epoxy resins market during the forecast period.       

Based on the application, the Japan epoxy resins market is divided into paints & coatings, adhesives & sealants, encapsulation, and others. Among these, the paints & coatings segment dominated the Japan epoxy resins market during the forecast period. Epoxy resins work well for coating flooring, and lining owing to their exceptional bonding qualities. The increased application of epoxy resin in paints and coating is responsible for driving market growth.

• The building & construction segment accounted for the largest revenue share of the Japan epoxy resins market during the forecast period.

The Japan epoxy resins market is segmented by end-user into building & construction, aerospace, consumer goods, and marine. Among these, the building & construction segment accounted for the largest revenue share of the Japan epoxy resins market during the forecast period. Epoxy resins are high-performance adhesives that are used to make laminated woods for decks, walls, roofs, and other building applications. The widespread utilization of epoxy resins in the building and construction industry drives the market demand.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan epoxy resins market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• The 3M Company
• Aditya Birla Chemicals
• BASF SE
• Cytec Solvay Industries
• Covestro AG
• Jiangsu Sanmu Group
• Evonik Industries
• DuPont
• Huntsman International LLC
• Jubail Chemical Industries
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In July 2024, SOMAR has announced plans to open a new epoxy resin production plant in Wood County, West Virginia. The Japanese company, which supplies resin products to the automotive industry, will invest $2.5 million into the project, creating 25 new jobs in the process.

Market Segment

This study forecasts revenue at Japan, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Japan Epoxy Resins Market based on the below-mentioned segments:

Japan Epoxy Resins Market, By Type

• DGBEA (Bisphenol A & ECH)
• DGBEF (Bisphenol F & ECH)
• Novolac (Formaldehyde & Phenols)
• Glycidyl amine (Aromatic Amine & ECH)
• Aliphatic (Aliphatic Alcohols)
• Others

Japan Epoxy Resins Market, By Form

• Liquid
• Solid
• Solution

Japan Epoxy Resins Market, By Application

• Paints & Coatings
• Adhesives & Sealants
• Encapsulation
• Others

Japan Epoxy Resins Market, By End User

• Building & Construction
• Aerospace
• Consumer Goods
• Marine