Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Benzoxazine Resin Market by Type (Bisphenol A Based Resins, Bisphenol F Based Resins, Others), By Application (Aerospace & Defense, Medical, Electrical & Electronics, Automotive, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Benzoxazine Resin Market by Type (Bisphenol A Based Resins, Bisphenol F Based Resins, Others), By Application (Aerospace & Defense, Medical, Electrical & Electronics, Automotive, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 130528 3300 Chemical & Material 377 238 Pages 4.8 (34)

Market Overview:

Benzoxazine resin is a thermoset polymer that is used in various applications. The global benzoxazine resin market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into bisphenol A based resins and bisphenol F based resins. Bisphenol A based resins are more common than bisphenol F based resins owing to their better properties. On the basis of application, the market can be classified into aerospace & defense, medical, electrical & electronics, automotive, and others. The aerospace & defense sector is expected to account for a major share of the global benzoxazine resin market during the forecast period owing to its growing demand from countries such as China and India.

Global Benzoxazine Resin Industry Outlook

Product Definition:

Benzoxazine resin is a thermoset polymer that can be used to make composites with high stiffness, low weight, and excellent impact resistance.

Bisphenol A Based Resins:

Bisphenol A (BPA) based resins are synthetic polymers, which are widely used as a monomer in the production of an extensive range of chemicals such as epoxy resins and polycarbonates. BPA is also used to produce dental sealants and linings. The growth factor in the benzoxazine market is due to its use for manufacturing pharmaceuticals, especially drugs that are related to estrogenic activity like birth control pills & others.

Bisphenol F Based Resins:

Bisphenol F (BFO) based resins are synthetic polymers with a high content of functional groups. Bisphenol F resins are used in the production of benzoxazine resin, which is further used to produce adhesives and sealants for automotive interiors and as coatings for furniture.

Application Insights:

Aerospace & defense was the largest application segment in 2016 and is projected to witness a CAGR of XX% from 2017 to 2030. Benzoxazine resins are used for manufacturing aircraft interiors, cabin fittings, seat covers, flooring materials and overhead panels owing to their antibacterial properties. The product has replaced phenolic resins in several applications due to its better mechanical strength and durability over time.

The medical sector accounted for 9% share of the global benzoxazine market revenue in 2016 on account of its wide range of applications including wound dressing material, surgical drapes & gowns as well as catheters & syringes construction among others. The product is an excellent choice for use as surgical sutures owing to superior biodegradability which makes it a preferred material amongst bio-surgeons worldwide.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from end-use industries such as automotive, electronics, medical, and others. Increasing disposable income coupled with growing population has resulted in increased demand for automobiles which will further boost product consumption across Asia Pacific.

The aerospace & defense industry is one of the significant sectors contributing towards economic growth across North America countries such as U.S., Canada, and Mexico owing to high investments made by these nations for military purposes coupled with space exploration programs undertaken by them globally will have a positive impact on industry expansion over the next eight years.

Europe was valued at USD X million in 2017 owing to presence of major aircraft manufacturers including Airbus S A., Leonardo Helicopters Ltd., AgustaWestland S pA.

Growth Factors:

  • Increasing demand for benzoxazine resin in the automotive and aerospace industries due to its excellent mechanical and thermal properties.
  • Rising demand from Asia Pacific region due to the growth of end-use industries such as construction, automotive, and electrical & electronics.
  • Growing use of benzoxazine resin in wind energy applications owing to its superior thermal stability and low moisture absorption properties.
  • Increasing penetration of benzoxazine resin in composites market on account of its high strength-to-weight ratio and chemical resistance properties

Scope Of The Report

Report Attributes

Report Details

Report Title

Benzoxazine Resin Market Research Report

By Type

Bisphenol A Based Resins, Bisphenol F Based Resins, Others

By Application

Aerospace & Defense, Medical, Electrical & Electronics, Automotive, Others

By Companies

Huntsman, Bitrez, Kaneka Aerospace (Henkel), Shikoku Chemicals

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Benzoxazine Resin Market Report Segments:

The global Benzoxazine Resin market is segmented on the basis of:


Bisphenol A Based Resins, Bisphenol F Based Resins, Others

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Aerospace & Defense, Medical, Electrical & Electronics, Automotive, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Huntsman
  2. Bitrez
  3. Kaneka Aerospace (Henkel)
  4. Shikoku Chemicals

Global Benzoxazine Resin Market Overview

Highlights of The Benzoxazine Resin Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Bisphenol A Based Resins
    2. Bisphenol F Based Resins
    3. Others
  1. By Application:

    1. Aerospace & Defense
    2. Medical
    3. Electrical & Electronics
    4. Automotive
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Benzoxazine Resin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Benzoxazine Resin Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Benzoxazine resin is a type of plastic that is used in products such as toys, medical devices, and packaging. It is also used to make synthetic rubber.

Some of the major players in the benzoxazine resin market are Huntsman, Bitrez, Kaneka Aerospace (Henkel), Shikoku Chemicals.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Benzoxazine Resin Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Benzoxazine Resin Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Benzoxazine Resin Market - Supply Chain
   4.5. Global Benzoxazine Resin Market Forecast
      4.5.1. Benzoxazine Resin Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Benzoxazine Resin Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Benzoxazine Resin Market Absolute $ Opportunity

5. Global Benzoxazine Resin Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Benzoxazine Resin Market Size and Volume Forecast by Type
      5.3.1. Bisphenol A Based Resins
      5.3.2. Bisphenol F Based Resins
      5.3.3. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Benzoxazine Resin Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Benzoxazine Resin Market Size and Volume Forecast by Application
      6.3.1. Aerospace & Defense
      6.3.2. Medical
      6.3.3. Electrical & Electronics
      6.3.4. Automotive
      6.3.5. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Benzoxazine Resin Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Benzoxazine Resin Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Benzoxazine Resin Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Benzoxazine Resin Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Benzoxazine Resin Demand Share Forecast, 2019-2029

9. North America Benzoxazine Resin Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Benzoxazine Resin Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Benzoxazine Resin Market Size and Volume Forecast by Application
      9.4.1. Aerospace & Defense
      9.4.2. Medical
      9.4.3. Electrical & Electronics
      9.4.4. Automotive
      9.4.5. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Benzoxazine Resin Market Size and Volume Forecast by Type
      9.7.1. Bisphenol A Based Resins
      9.7.2. Bisphenol F Based Resins
      9.7.3. Others
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Benzoxazine Resin Demand Share Forecast, 2019-2029

10. Latin America Benzoxazine Resin Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Benzoxazine Resin Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Benzoxazine Resin Market Size and Volume Forecast by Application
      10.4.1. Aerospace & Defense
      10.4.2. Medical
      10.4.3. Electrical & Electronics
      10.4.4. Automotive
      10.4.5. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Benzoxazine Resin Market Size and Volume Forecast by Type
      10.7.1. Bisphenol A Based Resins
      10.7.2. Bisphenol F Based Resins
      10.7.3. Others
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Benzoxazine Resin Demand Share Forecast, 2019-2029

11. Europe Benzoxazine Resin Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Benzoxazine Resin Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Benzoxazine Resin Market Size and Volume Forecast by Application
      11.4.1. Aerospace & Defense
      11.4.2. Medical
      11.4.3. Electrical & Electronics
      11.4.4. Automotive
      11.4.5. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Benzoxazine Resin Market Size and Volume Forecast by Type
      11.7.1. Bisphenol A Based Resins
      11.7.2. Bisphenol F Based Resins
      11.7.3. Others
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Benzoxazine Resin Demand Share, 2019-2029

12. Asia Pacific Benzoxazine Resin Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Benzoxazine Resin Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Benzoxazine Resin Market Size and Volume Forecast by Application
      12.4.1. Aerospace & Defense
      12.4.2. Medical
      12.4.3. Electrical & Electronics
      12.4.4. Automotive
      12.4.5. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Benzoxazine Resin Market Size and Volume Forecast by Type
      12.7.1. Bisphenol A Based Resins
      12.7.2. Bisphenol F Based Resins
      12.7.3. Others
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Benzoxazine Resin Demand Share, 2019-2029

13. Middle East & Africa Benzoxazine Resin Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Benzoxazine Resin Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Benzoxazine Resin Market Size and Volume Forecast by Application
      13.4.1. Aerospace & Defense
      13.4.2. Medical
      13.4.3. Electrical & Electronics
      13.4.4. Automotive
      13.4.5. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Benzoxazine Resin Market Size and Volume Forecast by Type
      13.7.1. Bisphenol A Based Resins
      13.7.2. Bisphenol F Based Resins
      13.7.3. Others
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Benzoxazine Resin Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Benzoxazine Resin Market: Market Share Analysis
   14.2. Benzoxazine Resin Distributors and Customers
   14.3. Benzoxazine Resin Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Huntsman Overview Financials Developments Strategic Outlook
      14.4.2. Bitrez Overview Financials Developments Strategic Outlook
      14.4.3. Kaneka Aerospace (Henkel) Overview Financials Developments Strategic Outlook
      14.4.4. Shikoku Chemicals Overview Financials Developments Strategic Outlook
      14.4.5. COMPANY5 Overview Financials Developments Strategic Outlook
      14.4.6. COMPANY6 Overview Financials Developments Strategic Outlook
      14.4.7. COMPANY7 Overview Financials Developments Strategic Outlook
      14.4.8. COMPANY8 Overview Financials Developments Strategic Outlook
      14.4.9. COMPANY9 Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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