Market Overview:
The global elastomer-modified epoxy resin market is estimated to be valued at USD XX million in 2018 and is projected to reach USD XX million by 2030, at a CAGR of XX% during the forecast period. The growth of the elastomer-modified epoxy resin market can be attributed to the increasing demand for adhesives & sealants, coatings, composites, and others applications. The key players operating in the global elastomer-modified epoxy resin market are Huntsman Corporation (US), Hexion Inc. (US), BASF SE (Germany), DowDuPont Inc. (US), 3M Company (US), Henkel AG & Co., KGaA(Germany) and others.
Product Definition:
Elastomer-modified epoxy resin is a type of epoxy resin that has been modified with an elastomer. This modification makes the resin more elastic, which allows it to better resist stress and cracking. Elastomer-modified epoxy resins are often used in structural applications, where their increased resilience can be helpful in preventing damage.
CTBN Modification:
CTBN modification is done by adding a small percentage of Elastomer to the Epoxy resin. The CTBN Modification increases the toughness and tensile strength of elastomers. It also improves abrasion resistance, flex fatigue resistance and impact properties in addition to increasing heat deflection temperature (HDT).
Dimer Acid Modification:
Dimer acid modification is a process where two epoxy resins are reacted together to form a new compound. The product obtained is called dimer acid modified epoxy resin (DMER). It has several industrial applications such as in the production of flooring, automotive interiors, and furniture among others.
The global elastomer-modified epoxy resin market size was valued at USD 4.5 billion in 2016.
Application Insights:
The demand for the product in adhesives & sealants was valued at USD 281.5 million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030, owing to its high-temperature stability and superior chemical resistance properties. The increasing use of elastomer-modified epoxy resins in manufacturing flooring adhesives, automotive interiors, kitchenware and household appliances is expected to drive the market over the forecast period.
Elastomers have gained popularity as they provide excellent mechanical strength with flexibility which makes them ideal for use in tires while maintaining low rolling resistance. This property has made them popular among several industries including tire manufacturers who are now producing high quality tubes using this technology worldwide which is likely to propel industry growth over the coming years.
Regional Analysis:
The Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growing construction industry, especially in emerging economies such as China, India, Indonesia and Vietnam is anticipated to drive demand for ELMR-modified epoxy resins. In addition, rising automotive production mainly in China and Japan owing to low manufacturing cost coupled with favorable government policies promoting domestic manufacturing is likely to have a positive impact on industry growth over the next eight years.
Europe accounted for a significant share of revenue due to rapid industrialization along with high R&D spending by major companies involved in elastomeric materials research & development. Stringent regulations regarding VOC emissions from paints & coatings products are expected favorably impact demand for environment-friendly products over the forecast period.
Growth Factors:
- Increasing demand for lightweight and durable materials in automotive and aerospace industries
- Growing demand for adhesives, sealants, coatings and composites in construction industry
- Rising awareness about the benefits of elastomer-modified epoxy resin among consumers
- Technological advancements in the production of elastomer-modified epoxy resin
- Growing investments by leading players to expand their manufacturing capacities
Scope Of The Report
Report Attributes
Report Details
Report Title
Elastomer-modified Epoxy Resin Market Research Report
By Type
CTBN Modification, Dimer Acid Modification, Urethane Modification, Others
By Application
Adhesives & Sealants, Coatings, Composites, Others
By Companies
Hexion, Huntsman, Evonik, Gabriel, Swancor, Hexion
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Elastomer-modified Epoxy Resin Market Report Segments:
The global Elastomer-modified Epoxy Resin market is segmented on the basis of:
Types
CTBN Modification, Dimer Acid Modification, Urethane Modification, 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.
Applications
Adhesives & Sealants, Coatings, Composites, 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:
- Hexion
- Huntsman
- Evonik
- Gabriel
- Swancor
- Hexion
Highlights of The Elastomer-modified Epoxy Resin Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- CTBN Modification
- Dimer Acid Modification
- Urethane Modification
- Others
- By Application:
- Adhesives & Sealants
- Coatings
- Composites
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Elastomer-modified Epoxy 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
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Elastomer-modified epoxy resin is a type of adhesive that is made from an elastomer and epoxy resin. The elastomer helps to create a flexible bond between the two materials, while the epoxy ensures that the adhesive remains strong and durable. This type of adhesive is often used in applications where flexibility and durability are important, such as in medical devices or sporting equipment.
Some of the major players in the elastomer-modified epoxy resin market are Hexion, Huntsman, Evonik, Gabriel, Swancor, Hexion.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Elastomer-modified Epoxy Resin Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Elastomer-modified Epoxy Resin Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Elastomer-modified Epoxy Resin Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Elastomer-modified Epoxy Resin Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Elastomer-modified Epoxy Resin Market Size & Forecast, 2018-2028 4.5.1 Elastomer-modified Epoxy Resin Market Size and Y-o-Y Growth 4.5.2 Elastomer-modified Epoxy Resin Market Absolute $ Opportunity
Chapter 5 Global Elastomer-modified Epoxy Resin Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Elastomer-modified Epoxy Resin Market Size Forecast by Type
5.2.1 CTBN Modification
5.2.2 Dimer Acid Modification
5.2.3 Urethane Modification
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Elastomer-modified Epoxy Resin Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Elastomer-modified Epoxy Resin Market Size Forecast by Applications
6.2.1 Adhesives & Sealants
6.2.2 Coatings
6.2.3 Composites
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Elastomer-modified Epoxy Resin Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Elastomer-modified Epoxy Resin Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Elastomer-modified Epoxy Resin Analysis and Forecast
9.1 Introduction
9.2 North America Elastomer-modified Epoxy Resin Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Elastomer-modified Epoxy Resin Market Size Forecast by Type
9.6.1 CTBN Modification
9.6.2 Dimer Acid Modification
9.6.3 Urethane Modification
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Elastomer-modified Epoxy Resin Market Size Forecast by Applications
9.10.1 Adhesives & Sealants
9.10.2 Coatings
9.10.3 Composites
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Elastomer-modified Epoxy Resin Analysis and Forecast
10.1 Introduction
10.2 Europe Elastomer-modified Epoxy Resin Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Elastomer-modified Epoxy Resin Market Size Forecast by Type
10.6.1 CTBN Modification
10.6.2 Dimer Acid Modification
10.6.3 Urethane Modification
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Elastomer-modified Epoxy Resin Market Size Forecast by Applications
10.10.1 Adhesives & Sealants
10.10.2 Coatings
10.10.3 Composites
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Elastomer-modified Epoxy Resin Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Elastomer-modified Epoxy Resin Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Elastomer-modified Epoxy Resin Market Size Forecast by Type
11.6.1 CTBN Modification
11.6.2 Dimer Acid Modification
11.6.3 Urethane Modification
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Elastomer-modified Epoxy Resin Market Size Forecast by Applications
11.10.1 Adhesives & Sealants
11.10.2 Coatings
11.10.3 Composites
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Elastomer-modified Epoxy Resin Analysis and Forecast
12.1 Introduction
12.2 Latin America Elastomer-modified Epoxy Resin Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Elastomer-modified Epoxy Resin Market Size Forecast by Type
12.6.1 CTBN Modification
12.6.2 Dimer Acid Modification
12.6.3 Urethane Modification
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Elastomer-modified Epoxy Resin Market Size Forecast by Applications
12.10.1 Adhesives & Sealants
12.10.2 Coatings
12.10.3 Composites
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Elastomer-modified Epoxy Resin Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Elastomer-modified Epoxy Resin Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Elastomer-modified Epoxy Resin Market Size Forecast by Type
13.6.1 CTBN Modification
13.6.2 Dimer Acid Modification
13.6.3 Urethane Modification
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Elastomer-modified Epoxy Resin Market Size Forecast by Applications
13.10.1 Adhesives & Sealants
13.10.2 Coatings
13.10.3 Composites
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Elastomer-modified Epoxy Resin Market: Competitive Dashboard
14.2 Global Elastomer-modified Epoxy Resin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hexion
14.3.2 Huntsman
14.3.3 Evonik
14.3.4 Gabriel
14.3.5 Swancor
14.3.6 Hexion