The Epoxy Resin Market is witnessing robust growth, driven by the versatile applications of epoxy resins in adhesives, coatings, and composite materials. Epoxy resins offer exceptional bonding strength, chemical resistance, and durability, making them essential in industries such as construction, aerospace, and electronics. This market is characterized by constant innovations in epoxy formulations, including low-VOC (volatile organic compound) options and bio-based resins.
Manufacturers are responding to the demand for high-performance and sustainable materials, contributing to advancements in diverse manufacturing processes. With the increasing focus on lightweight and durable materials in various industries, the Epoxy Resin Market is poised for continuous expansion, offering solutions that enhance the performance and longevity of end-products.
Wide range of end-user applications across Aerospace, Automotive, Defense, Electrical Transmission, Semiconductors, and Wind Energy and the absence of suitable substitutes support the market outlook. Epoxy resin is known for its strong adhesive qualities, making it a versatile product across industries. The global epoxy resin market is expected to grow at a 7.57% CAGR driven by end-user industry demand. Rapid end-user demand in paints and coatings, electrical and electronics, and industrial growth in developing countries including China, India, South East Asia, Latin America, and Eastern Europe, is driving the market, especially in the paints and coatings, aerospace, and electrical and electronics sectors.
A wide range of end-user industries including construction, aerospace, automotive, and electronics are increasingly seeking epoxy resins that offer superior mechanical properties, durability, and reduced environmental impact. This is encouraging a broader market shift towards eco-friendly alternatives, pushing manufacturers to innovate and develop epoxy resins with enhanced performance characteristics while meeting sustainability criteria.
Traditional epoxy products are derived from crude oil, while bio based prodcuts are derived from agricultural by-products. Companies like Polytek Development Corp, Covestro, Sicomin, Entropy Resins, and GreenPoxy, and others continue to launch bio-based epoxy resin lines made with plant-based materials. These products are often formulated to meet stringent environmental standards, including low VOC emissions and biodegradability, making them suitable for use in sustainable construction, automotive, marine, and aerospace industries.
The increasing preference for lightweight materials across various industries is propelling the demand for epoxy resins. With their exceptional strength-to-weight ratios and versatility, epoxy resins play a vital role in the development of lightweight composite materials used in end-user sectors. From construction of wind turbine blades, the fabrication of aircraft components, or the production of sports equipment, epoxy resins enable manufacturers to create lightweight and durable products to meet the demands of modern applications.
Further, as industries continue to prioritize fuel efficiency, sustainability, and performance, the importance of lightweight materials is expected to grow further. With ongoing advancements in epoxy resin formulations and manufacturing processes, the role of epoxy resins in driving innovation and progress in lightweight materials is likely to remain significant in the years to come.
Liquid epoxy resins are commonly used in applications such as adhesives, coatings, composites, and encapsulation. The ability to provide strong bonding capabilities, making them suitable for bonding metals, plastics, ceramics, and composites in adhesives and excellent chemical resistance, durability, and adhesion to substrates in coatings support their widespread adoption.
Accordingly, companies are introducing liquid products in protective and decorative coatings in industries such as automotive, aerospace, marine, and construction. Liquid epoxy resins are also used as matrix materials in composite manufacturing processes, where they impart strength, stiffness, and impact resistance to the final composite products.
Bisphenol A Glycidyl Ether (BADGE) is the widely used raw material for epoxy resins, known for its good mechanical properties and versatility. They offer excellent chemical resistance and adhesion, driving its use across manufacturers. It is produced through the reaction of bisphenol A (BPA) with epichlorohydrin, resulting in a molecule with two epoxide groups (glycidyl ether groups) attached to the bisphenol A backbone. BADGE is commonly found in epoxy resins used in woodworking projects, glues, boat repair and refininshing, powdered coating inautomotive and other metal fiishings, food storage products. Major BADGE producers include China, Japan, and South Korea.
The US is the largest epoxy resin market in North America, accounting for 70% regional market share in 2023. Growing demand for epoxy resins is growing in end-user sectors including construction (coatings, adhesives), wind energy (composites for turbine blades), and electronics (coatings for circuit boards). Further, rapidly growing US infrastructure investment and continued development in renewable energy will fuel the market outlook. The US automotive and transportation industry is witnessing significant shift from ICE vehicles to electric and hybrid vehicles, supporting demand for companies targeting the segment.
Amidst intense competition, key market players are marketing Epoxy Resin kits with Resin, Hardener and Colorants. a large array of different types of epoxy resins are made readily available for Automotive, Automotive electronics, Consumer electronics, EV and fuel cell manufacturing, and other applications. High strength, minimal shrinkage, superior adherence to a variety of substrates, electrical insulating, chemical & solvent resistance, low toxicity, and low cost are among the key parameters marketed by companies.
The industry is partly consolidated in nature and is characterized by the presence of both capital-intensive global players and medium-scale local companies. Leading companies in the industry include- 3M Company, BASF SE, Aditya Birla Management Corporation Private Limited, Huntsman International LLC, Westlake Chemical Corporation (Hexion Inc.), Kukdo Chemical Co., Ltd., Olin Corporation, Kolon Industries, Inc., Solvay SA, Sika AG, Nagase & Co., Ltd, China Petrochemical & Chemical Corporation, Nan Ya Plastics Corporation, Jiangsu Sanmu Group Co., Ltd., Atul Limited, Jubail Chemical Industries LLC, and others.
Raw Material Production (Epichlorohydrin, Bisphenol-A, etc.)- Olin Corporation, Dow Chemical Company, Solvay, Mitsubishi Chemical
Epoxy Resin Manufacturing- Hexion Inc, Huntsman Corporation, Nan Ya Plastics Corporation, Olin Corporation
Formulation and Specialty Epoxy Systems- Sika AG, 3M Company, Master Builders Solutions, Westlake Epoxy
Additives and Curing Agents- Evonik Industries, Cardolite Corporation, Gabriel Performance, Air Products and Chemicals, Inc
Distribution and Logistics- Univar Solutions, Brenntag AG, Azelis, IMCD Group
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Parameter |
Details |
|
Market Size (2024) |
$13.8 Billion |
|
Market Size (2032) |
$24.7 Billion |
|
Market Growth Rate |
7.57% |
|
Largest Segment- Types |
Liquid (75.3% Market Share) |
|
Fastest Growing Market- Raw Material |
BADGE ($9.0 Billion Revenue) |
|
Largest Segment- Applications |
Paints and Coatings |
|
Largest Segment- End-User |
Building and Construction ($5.6 Billion Sales) |
|
Segments |
Types, Sizes, Sales Channels, Applications |
|
Study Period |
2018- 2023 and 2024-2032 |
|
Units |
Revenue (USD) |
|
Qualitative Analysis |
Porter’s Five Forces, SWOT Profile, Market Share, Scenario Forecasts, Market Ecosystem, Company Ranking, Market Dynamics, Industry Benchmarking |
|
Companies |
3M Company, BASF SE, Aditya Birla Management Corporation Private Limited, Huntsman International LLC, Westlake Chemical Corporation (Hexion Inc.), Kukdo Chemical Co., Ltd., Olin Corporation, Kolon Industries, Inc., Solvay SA, Sika AG, Nagase & Co., Ltd, China Petrochemical & Chemical Corporation, Nan Ya Plastics Corporation, Jiangsu Sanmu Group Co., Ltd., Atul Limited, Jubail Chemical Industries LLC, |
|
Countries |
US, Canada, Mexico, Germany, France, Spain, Italy, UK, Russia, China, India, Japan, South Korea, Australia, South East Asia, Brazil, Argentina, Middle East, Africa |
Type
Raw Material
Applications
End-User
Countries Analyzed
Epoxy Resins Companies Profiled in the Study
*- List Not Exhaustive
About USD Analytics
Table of Contents
1. Executive Summary
What’s New in 2024?
Top 10 Takeaways from the Industry
Potential Opportunities for Industry Stakeholders
Strategic Imperatives
Company Market Positioning
Industry Benchmarking Matrix
2. Research Scope and Methodology
Market Definition
Market Segments
Companies Profiled
Research Methodology
Data Sources
Conversion Rates for USD
Abbreviations
3. Strategic Landscape: Key Insights and Implications
Spotlight: Key Strategies Opted by Business Leaders
Competitive Landscape
SWOT Analysis
Porter’s Five Force Analysis
Macro-Environmental Analysis
4. Growth Opportunity Analysis
Trends at a Glance
Market Dynamics
Key Industry Stakeholders
Regulatory Landscape
5. Market Size Outlook to 2032
Global Epoxy Resins Market Size Forecast, USD Million, 2018- 2032
Scenario Analysis
Pricing Analysis and Outlook
6. Historical Epoxy Resins Market Size by Segments, 2018- 2023
Key Statistics, 2024
Epoxy Resins Market Size Outlook by Type, USD Million, 2018-2023
Growth Comparison (y-o-y) across Epoxy Resins Types, 2018-2023
Epoxy Resins Market Size Outlook by Application, USD Million, 2018-2023
Growth Comparison (y-o-y) across Epoxy Resins Applications, 2018-2023
7. Epoxy Resins Market Size Outlook by Segments, 2024- 2032
Epoxy Resins Market Size Outlook by Type, USD Million, 2024-2032
Growth Comparison (y-o-y) across Epoxy Resins Types, 2024-2032
Epoxy Resins Market Size Outlook by Raw Material, USD Million, 2024-2032
Growth Comparison (y-o-y) across Epoxy Resins Raw Materials, 2024-2032
Epoxy Resins Market Size Outlook by Application, USD Million, 2024-2032
Growth Comparison (y-o-y) across Epoxy Resins Applications, 2024-2032
Epoxy Resins Market Size Outlook by End-User, USD Million, 2024-2032
Growth Comparison (y-o-y) across Epoxy Resins End-Users, 2024-2032
8. Epoxy Resins Market Size Outlook by Region
North America
Europe
Asia Pacific
South America
Middle East and Africa
9. United States Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
United States Epoxy Resins Market Size Outlook by Type, 2021- 2032
United States Epoxy Resins Market Size Outlook by Application, 2021- 2032
United States Epoxy Resins Market Size Outlook by End-User, 2021- 2032
10. Canada Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
Canada Epoxy Resins Market Size Outlook by Type, 2021- 2032
Canada Epoxy Resins Market Size Outlook by Application, 2021- 2032
Canada Epoxy Resins Market Size Outlook by End-User, 2021- 2032
11. Mexico Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
Mexico Epoxy Resins Market Size Outlook by Type, 2021- 2032
Mexico Epoxy Resins Market Size Outlook by Application, 2021- 2032
Mexico Epoxy Resins Market Size Outlook by End-User, 2021- 2032
12. Germany Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
Germany Epoxy Resins Market Size Outlook by Type, 2021- 2032
Germany Epoxy Resins Market Size Outlook by Application, 2021- 2032
Germany Epoxy Resins Market Size Outlook by End-User, 2021- 2032
13. France Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
France Epoxy Resins Market Size Outlook by Type, 2021- 2032
France Epoxy Resins Market Size Outlook by Application, 2021- 2032
France Epoxy Resins Market Size Outlook by End-User, 2021- 2032
14. United Kingdom Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
United Kingdom Epoxy Resins Market Size Outlook by Type, 2021- 2032
United Kingdom Epoxy Resins Market Size Outlook by Application, 2021- 2032
United Kingdom Epoxy Resins Market Size Outlook by End-User, 2021- 2032
15. Spain Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
Spain Epoxy Resins Market Size Outlook by Type, 2021- 2032
Spain Epoxy Resins Market Size Outlook by Application, 2021- 2032
Spain Epoxy Resins Market Size Outlook by End-User, 2021- 2032
16. Italy Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
Italy Epoxy Resins Market Size Outlook by Type, 2021- 2032
Italy Epoxy Resins Market Size Outlook by Application, 2021- 2032
Italy Epoxy Resins Market Size Outlook by End-User, 2021- 2032
17. Benelux Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
Benelux Epoxy Resins Market Size Outlook by Type, 2021- 2032
Benelux Epoxy Resins Market Size Outlook by Application, 2021- 2032
Benelux Epoxy Resins Market Size Outlook by End-User, 2021- 2032
18. Nordic Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
Nordic Epoxy Resins Market Size Outlook by Type, 2021- 2032
Nordic Epoxy Resins Market Size Outlook by Application, 2021- 2032
Nordic Epoxy Resins Market Size Outlook by End-User, 2021- 2032
19. Rest of Europe Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Europe Epoxy Resins Market Size Outlook by Type, 2021- 2032
Rest of Europe Epoxy Resins Market Size Outlook by Application, 2021- 2032
Rest of Europe Epoxy Resins Market Size Outlook by End-User, 2021- 2032
20. China Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
China Epoxy Resins Market Size Outlook by Type, 2021- 2032
China Epoxy Resins Market Size Outlook by Application, 2021- 2032
China Epoxy Resins Market Size Outlook by End-User, 2021- 2032
21. India Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
India Epoxy Resins Market Size Outlook by Type, 2021- 2032
India Epoxy Resins Market Size Outlook by Application, 2021- 2032
India Epoxy Resins Market Size Outlook by End-User, 2021- 2032
22. Japan Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
Japan Epoxy Resins Market Size Outlook by Type, 2021- 2032
Japan Epoxy Resins Market Size Outlook by Application, 2021- 2032
Japan Epoxy Resins Market Size Outlook by End-User, 2021- 2032
23. South Korea Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
South Korea Epoxy Resins Market Size Outlook by Type, 2021- 2032
South Korea Epoxy Resins Market Size Outlook by Application, 2021- 2032
South Korea Epoxy Resins Market Size Outlook by End-User, 2021- 2032
24. Australia Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
Australia Epoxy Resins Market Size Outlook by Type, 2021- 2032
Australia Epoxy Resins Market Size Outlook by Application, 2021- 2032
Australia Epoxy Resins Market Size Outlook by End-User, 2021- 2032
25. South East Asia Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
South East Asia Epoxy Resins Market Size Outlook by Type, 2021- 2032
South East Asia Epoxy Resins Market Size Outlook by Application, 2021- 2032
South East Asia Epoxy Resins Market Size Outlook by End-User, 2021- 2032
26. Rest of Asia Pacific Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Asia Pacific Epoxy Resins Market Size Outlook by Type, 2021- 2032
Rest of Asia Pacific Epoxy Resins Market Size Outlook by Application, 2021- 2032
Rest of Asia Pacific Epoxy Resins Market Size Outlook by End-User, 2021- 2032
27. Brazil Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
Brazil Epoxy Resins Market Size Outlook by Type, 2021- 2032
Brazil Epoxy Resins Market Size Outlook by Application, 2021- 2032
Brazil Epoxy Resins Market Size Outlook by End-User, 2021- 2032
28. Argentina Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
Argentina Epoxy Resins Market Size Outlook by Type, 2021- 2032
Argentina Epoxy Resins Market Size Outlook by Application, 2021- 2032
Argentina Epoxy Resins Market Size Outlook by End-User, 2021- 2032
29. Rest of South America Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of South America Epoxy Resins Market Size Outlook by Type, 2021- 2032
Rest of South America Epoxy Resins Market Size Outlook by Application, 2021- 2032
Rest of South America Epoxy Resins Market Size Outlook by End-User, 2021- 2032
30. United Arab Emirates Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
United Arab Emirates Epoxy Resins Market Size Outlook by Type, 2021- 2032
United Arab Emirates Epoxy Resins Market Size Outlook by Application, 2021- 2032
United Arab Emirates Epoxy Resins Market Size Outlook by End-User, 2021- 2032
31. Saudi Arabia Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
Saudi Arabia Epoxy Resins Market Size Outlook by Type, 2021- 2032
Saudi Arabia Epoxy Resins Market Size Outlook by Application, 2021- 2032
Saudi Arabia Epoxy Resins Market Size Outlook by End-User, 2021- 2032
32. Rest of Middle East Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Middle East Epoxy Resins Market Size Outlook by Type, 2021- 2032
Rest of Middle East Epoxy Resins Market Size Outlook by Application, 2021- 2032
Rest of Middle East Epoxy Resins Market Size Outlook by End-User, 2021- 2032
33. South Africa Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
South Africa Epoxy Resins Market Size Outlook by Type, 2021- 2032
South Africa Epoxy Resins Market Size Outlook by Application, 2021- 2032
South Africa Epoxy Resins Market Size Outlook by End-User, 2021- 2032
34. Rest of Africa Epoxy Resins Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Africa Epoxy Resins Market Size Outlook by Type, 2021- 2032
Rest of Africa Epoxy Resins Market Size Outlook by Application, 2021- 2032
Rest of Africa Epoxy Resins Market Size Outlook by End-User, 2021- 2032
35. Key Companies
Market Share Analysis
Company Benchmarking
SWOT Analysis
36. Recent Market Developments
Appendix
Looking Ahead
Research Methodology
Legal Disclaimer
Type
Raw Material
Applications
End-User
Countries Analyzed
USD Analytics forecasts the global Epoxy Resins market size to increase from $13.8 Billion in 2024 to $24.7 Billion in 2032, registering a CAGR of 7.57% during the forecast period
Fastest Growing Market by Raw Material is BADGE ($9.0 Billion Revenue), Largest Segment by Application is Paints and Coatings, Largest Segment by End-User is Building and Construction ($5.6 Billion Sales)
3M Company, BASF SE, Aditya Birla Management Corporation Private Limited, Huntsman International LLC, Westlake Chemical Corporation (Hexion Inc.), Kukdo Chemical Co., Ltd., Olin Corporation, Kolon Industries, Inc., Solvay SA, Sika AG, Nagase & Co., Ltd, China Petrochemical & Chemical Corporation, Nan Ya Plastics Corporation, Jiangsu Sanmu Group Co., Ltd., Atul Limited, Jubail Chemical Industries LLC,
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume
Asia Pacific