Have a question?
Please get in touch with our team in case of any queries
THE EPOXY RESIN MARKET IS EXPECTED TO REACH USD 16.49 BILLION BY 2029 FROM USD 12.24 BILLION IN 2023, GROWING AT A CAGR OF 5.10% DURING THE FORECAST PERIOD.
The Epoxy Resin Market Size, Share, & Trends Analysis Report By
- Raw Material: DGBEA, DGBEF, Novolac, Aliphatic, Glycidyl Amine, and Other Materials
- Formulation: Liquid, Solid, and Powder
- Bonding: Two-part, One-part, and Three-part
- Curing Method: Cold Cure, Thermal Cure, UV-Curing, Moisture Curing, and Other Methods
- Application: Paint & Coatings, Adhesives & Sealants, Composites, Encapsulation, and Other Applications
- End-Users: Construction, Automotive, Electrical & Electronics, Manufacturing, Power & Energy, Aerospace, and Other End-users
- Geography: North America, Europe, APAC, Latin America, and Middle East & Africa
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2024–2029.
This report includes market data points, ranging from trend
analyses to market estimates & forecasts that you can customize
EPOXY RESIN MARKET REPORT SCOPE
| REPORT ATTRIBUTE | DETAILS |
|---|---|
| MARKET SIZE – VALUE (2029) | USD 16.49 Billion |
| MARKET SIZE – VALUE (2023) | USD 12.24 Billion |
| CAGR – VALUE (2023-2029) | 5.10% |
| MARKET SIZE – VOLUME (2029) | 5,457.91 million tonnes |
| HISTORIC YEAR | 2020-2022 |
| BASE YEAR | 2023 |
| FORECAST YEAR | 2024-2029 |
| SEGMENTS BY | Raw Material, Formulation, Bonding, Curing Method, Application, End-Users, and Geography |
| GEOGRAPHIC ANALYSIS | North America, Europe, APAC, Latin America, and Middle East & Africa |
| KEY PLAYERS | Hexion Inc., Olin Corporation, and Huntsman International LLC |
EPOXY RESIN MARKET SHARE
Epoxy Resin Market Share: Segmentation Insights
The DGBEA raw material segment represented over 36% of the epoxy resin market share in 2023. Renowned for its extensive use in coatings, adhesives, and composites, DGBEA epoxy resins are fueling demand across industries such as automotive, aerospace, and construction. This growth is further driven by rapid industrialization and infrastructure development globally.
By Formulation
Liquid epoxy resins dominated the epoxy resin market share in 2023, thanks to their versatility and superior properties. These formulations are indispensable in the automotive and aerospace sectors, where they provide durable coatings and lightweight composite solutions.
By Application
The paints and coatings segment led the epoxy resin market share due to its widespread use in automotive, marine, and construction applications. Simultaneously, the composite application segment is expanding rapidly, spurred by investments in renewable energy projects, particularly in wind energy.
By End-User
The construction sector held the largest share of the epoxy resin market, with applications including concrete repair, structural bonding, and protective coatings. Meanwhile, the power and energy sector emerged as the fastest-growing end-user, thanks to rising investments in renewable energy infrastructure.
Geographical Insights on Epoxy Resin Market Share
The APAC region accounted for approximately 41% of the epoxy resin market share in 2023, driven by strong industrial growth in China, India, and Japan. North America and Europe also contributed significantly, benefiting from robust construction activities and renewable energy projects. Emerging markets in Latin America and the Middle East & Africa are poised for rapid growth, fueled by industrialization and technological advancements.
Competitive Landscape
The epoxy resin market share is marked by intense competition among key players like 3M, Huntsman Corporation, and Sika AG. These companies are driving innovation and expanding their operations in high-growth regions such as APAC and the Middle East to meet rising demand.
For instance, Aditya Birla Chemicals recently doubled its epoxy production capacity, reflecting the market's dynamic growth opportunities. With a focus on sustainability and technological advancements, major players are working to solidify their leadership in the expanding epoxy resin market.
Frequently Asked Questions
How big is the global epoxy resin market?
What is the growth rate of the global epoxy resin market?
Which region dominates the global epoxy resin market share?
What are the significant trends in the epoxy resin industry?
Who are the key players in the global epoxy resin market?
The global epoxy resin market size by value is expected to grow at a CAGR of approximately 5.10% from 2023 to 2029.
The following factors are likely to contribute to the growth of the global epoxy resin market during the forecast period:
- Technological Advancements
- Rising Automotive Industry
- Robust Growth of the Construction Sector
Base Year: 2023
Forecast Year: 2024-2029
The report considers the present scenario of the global epoxy resin market and its market dynamics for 2024−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the industry.
Key Company Profiles
- Hexion Inc.
- Business Overview
- Product Offerings
- Key Strategies
- Key Strengths
- Key Opportunities
- Olin Corporation
- Huntsman International LLC
Other Prominent Vendors
- 3M
- Business Overview
- Product Offerings
- BASF SE
- Dow Inc.
- Atul Ltd
- KUKDO CHEMICAL CO., LTD
- Sika Group
- NAN YA Plastics Industrial Co., Ltd.
- DIC Corporation
- Sanmu Group
- Chang Chun Group
- Sinopec (China Petroleum & Chemical Corporation)
- Kolon Industries, Inc
- Nagase & Co., Ltd
- Grasim Industries Ltd (Aditya Birla Group)
- Covestro AG
- SABIC
- Henkel
- Gougeon Brothers Inc
- GreenPoxy (Epoxy.com)
- EPOKE
- Magnifico
- Nama Chemicals
Segmentation by Raw Material
- DGBEA
- DGBEF
- Novolac
- Aliphatic
- Glycidyl Amine
- Other Materials
Segmentation by Formulation
- Liquid
- Solid
- Powder
Segmentation by Bonding
- Two-part
- One-part
- Three-part
Segmentation by Curing Method
- Cold Cure
- Thermal Cure
- UV-Curing
- Moisture Curing
- Other Methods
Segmentation by Application
- Paint & Coatings
- Adhesives & Sealants
- Composites
- Encapsulation
- Other Applications
Segmentation by End-Users
- Construction
- Automotive
- Electrical & Electronics
- Manufacturing
- Power & Energy
- Aerospace
- Other End-users
Segmentation by Geography
- APAC
- China
- Japan
- India
- Australia
- South Korea
- North America
- The U.S.
- Canada
- Europe
- Germany
- The U.K.
- France
- Italy
- Spain
- Sweden
- Netherlands
- Latin America
- Brazil
- Mexico
- Argentina
- Chile
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey
For more details, please reach us at enquiry@arizton.com
For more details, please reach us at enquiry@arizton.com
Select a license type that suits your business needs
Single User Licence
- Report accessible by one user only
- Free 10% or 3 days of customization
- Free post-sale service assistance
- Continuous support through email
5 User Licence
- Report accessible by 5 users within the organization
- Free 15% or 4.5 days of customization
- Continuous support through email and telephone
- Free analyst hour
- Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge
Corporate Licence
- Free Datasheet worth $1500
- Report accessible by the entire organization
- Free 20% or 6 days of customization
- Free post-sale service assistance
- Continuous support through email and telephone
- Direct access to lead analysts
- Free analyst hour
- Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge
Datasheet Licence
- Report accessible by 1 user only
- Free 15% or 32 hours of customization
- Free post-sale service assistance
- Direct access to lead analysts
Frequently Asked Questions
How big is the global epoxy resin market?
What is the growth rate of the global epoxy resin market?
Which region dominates the global epoxy resin market share?
What are the significant trends in the epoxy resin industry?
Who are the key players in the global epoxy resin market?
Epoxy Resin Market Report
Other RELATED Reports
Polyurethane Adhesive Market - Global Outlook & Forecast 2022-2027
Published : December 2021