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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Epoxy Resin Market: By Physical Form, By Types, By Application, and Geography
Epoxy Resin Market size was valued at US$ 12,739.7 Million in 2023 and is anticipated to grow at a CAGR of 3.6% over 2024-2030. The epoxy resin market refers to the global industry that is engaged in the production and distribution of a type of thermosetting polymer, epoxy resins, which are versatile materials that offer high strength, excellent adhesion, chemical resistance, and electrical insulation properties, making them suitable materials to be used in various industries. The epoxy resin market is majorly driven by its potential use in constructions industries for applications such as flooring, concrete repair, adhesives, and coatings. Moreover, the rising automotive productions also contribute to the expansion of epoxy resin market.
However, fluctuations in the price of the raw materials pose a challenge for the growth of epoxy resin market. Furthermore, development of bio-based epoxy resins and growing demand for high-performance composites in the industries such as automotives, aerospace, and wind energies create opportunities for the production of epoxy resins. Many industry players are involved in continuous research and development and develop innovative products which further expand the epoxy resin market. For instance, in March 2023, Westlake Epoxy launched its new AZURES products containing epoxy resins, modifiers and curing agents that are free from SVHC and CMR-labelled substances.
Study Period
2024-2030Base Year
2023CAGR
3.6%Largest Market
Asia PacificFastest Growing Market
North America
The expansion of the electrical and electronics industry, driven by technological advancements and increasing consumer electronics demand, creates opportunities for epoxy resins. Due to their outstanding thermal stability and electrical insulating qualities, epoxy resins are frequently used for encapsulation, circuit board production, and electronic component protection which ultimately lead to the growth of the epoxy resins market. Moreover, Continuous research and development efforts have led to technological advancements in epoxy resin formulations and manufacturing processes. New product innovations, such as epoxy resins with enhanced thermal stability, UV resistance, and fire-retardant properties, are expanding the application possibilities of epoxy resins and driving market growth.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market CAGR |
3.6% |
By Physical Form |
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By Type |
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By Application |
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By Region |
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The global epoxy resin market size was valued at US$ 12,739.7 million in 2023 and is projected to grow at a CAGR of 3.6% from 2024 to 2030.
The growing demand for high-performance composites and development of bio-based epoxy resins are some of the factors that create potential opportunities for the growth of the epoxy resin market.
Increasing demand for sustainable and environmentally friendly solutions, growing demand for lightweight materials, and growing applications in 3D printing are some of the major trends in the epoxy resin market.
allnex, Aditya Birla Chemicals, Borealis, Olin Corporation, Solvay SA, Park Aerospace, SINOPEC, Huntsman, Swancor, Hexion, Mitsui Chemicals, Nan Ya Plastic Corporation, Techstorm Advanced Materials, BASF SE, Dow, Inc., Kukdo Chemocals Co., Ltd are a few companies operating in epoxy resin market.
1.Executive Summary |
2.Global Epoxy Resin Market Introduction |
2.1.Global Epoxy Resin Market - Taxonomy |
2.2.Global Epoxy Resin Market - Definitions |
2.2.1.Physical Form |
2.2.2.Type |
2.2.3.Application |
2.2.4.Region |
3.Global Epoxy Resin Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Epoxy Resin Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Epoxy Resin Market By Physical Form, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Solid |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Semi-Solid |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Liquid |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Others |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
6.Global Epoxy Resin Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Cancer Research |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Bisphenol Epoxy Resins |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Aliphatic Epoxy Resins |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Novolac Epoxy Resins |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Halogenated Epoxy Resins |
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Epoxy Resin Diluents |
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
6.7. Glycidylamine Epoxy Resins |
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.7.3. Market Opportunity Analysis |
6.8. Others |
6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.8.3. Market Opportunity Analysis |
7.Global Epoxy Resin Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Paints and Coatings |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Adhesives |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Industrial Tooling and Composites |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Wind Turbine Technology Composites |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Electrical Systems and Electronics |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Food Packaging |
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.6.3. Market Opportunity Analysis |
7.7. Petroleum and Petrochemical |
7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.7.3. Market Opportunity Analysis |
7.8. Consumer and Marine Applications |
7.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.8.3. Market Opportunity Analysis |
7.9. Automotives |
7.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.9.3. Market Opportunity Analysis |
7.10. Construction Applications |
7.10.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.10.3. Market Opportunity Analysis |
7.11. Aerospace Applications |
7.11.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.11.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.11.3. Market Opportunity Analysis |
7.12. Biology |
7.12.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.12.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.12.3. Market Opportunity Analysis |
8.Global Epoxy Resin Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9.North America Epoxy Resin Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Physical Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Solid |
9.1.2.Semi-Solid |
9.1.3.Liquid |
9.1.4.Others |
9.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Cancer Research |
9.2.2.Bisphenol Epoxy Resins |
9.2.3.Aliphatic Epoxy Resins |
9.2.4.Novolac Epoxy Resins |
9.2.5.Halogenated Epoxy Resins |
9.2.6.Epoxy Resin Diluents |
9.2.7.Glycidylamine Epoxy Resins |
9.2.8.Others |
9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Paints and Coatings |
9.3.2.Adhesives |
9.3.3.Industrial Tooling and Composites |
9.3.4.Wind Turbine Technology Composites |
9.3.5.Electrical Systems and Electronics |
9.3.6.Food Packaging |
9.3.7.Petroleum and Petrochemical |
9.3.8.Consumer and Marine Applications |
9.3.9.Automotives |
9.3.10.Construction Applications |
9.3.11.Aerospace Applications |
9.3.12.Biology |
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10.Europe Epoxy Resin Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Physical Form Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Solid |
10.1.2.Semi-Solid |
10.1.3.Liquid |
10.1.4.Others |
10.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Cancer Research |
10.2.2.Bisphenol Epoxy Resins |
10.2.3.Aliphatic Epoxy Resins |
10.2.4.Novolac Epoxy Resins |
10.2.5.Halogenated Epoxy Resins |
10.2.6.Epoxy Resin Diluents |
10.2.7.Glycidylamine Epoxy Resins |
10.2.8.Others |
10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Paints and Coatings |
10.3.2.Adhesives |
10.3.3.Industrial Tooling and Composites |
10.3.4.Wind Turbine Technology Composites |
10.3.5.Electrical Systems and Electronics |
10.3.6.Food Packaging |
10.3.7.Petroleum and Petrochemical |
10.3.8.Consumer and Marine Applications |
10.3.9.Automotives |
10.3.10.Construction Applications |
10.3.11.Aerospace Applications |
10.3.12.Biology |
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
11.Asia Pacific (APAC) Epoxy Resin Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Physical Form Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Solid |
11.1.2.Semi-Solid |
11.1.3.Liquid |
11.1.4.Others |
11.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Cancer Research |
11.2.2.Bisphenol Epoxy Resins |
11.2.3.Aliphatic Epoxy Resins |
11.2.4.Novolac Epoxy Resins |
11.2.5.Halogenated Epoxy Resins |
11.2.6.Epoxy Resin Diluents |
11.2.7.Glycidylamine Epoxy Resins |
11.2.8.Others |
11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Paints and Coatings |
11.3.2.Adhesives |
11.3.3.Industrial Tooling and Composites |
11.3.4.Wind Turbine Technology Composites |
11.3.5.Electrical Systems and Electronics |
11.3.6.Food Packaging |
11.3.7.Petroleum and Petrochemical |
11.3.8.Consumer and Marine Applications |
11.3.9.Automotives |
11.3.10.Construction Applications |
11.3.11.Aerospace Applications |
11.3.12.Biology |
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12.Middle East and Africa (MEA) Epoxy Resin Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Physical Form Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Solid |
12.1.2.Semi-Solid |
12.1.3.Liquid |
12.1.4.Others |
12.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Cancer Research |
12.2.2.Bisphenol Epoxy Resins |
12.2.3.Aliphatic Epoxy Resins |
12.2.4.Novolac Epoxy Resins |
12.2.5.Halogenated Epoxy Resins |
12.2.6.Epoxy Resin Diluents |
12.2.7.Glycidylamine Epoxy Resins |
12.2.8.Others |
12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Paints and Coatings |
12.3.2.Adhesives |
12.3.3.Industrial Tooling and Composites |
12.3.4.Wind Turbine Technology Composites |
12.3.5.Electrical Systems and Electronics |
12.3.6.Food Packaging |
12.3.7.Petroleum and Petrochemical |
12.3.8.Consumer and Marine Applications |
12.3.9.Automotives |
12.3.10.Construction Applications |
12.3.11.Aerospace Applications |
12.3.12.Biology |
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13.Latin America Epoxy Resin Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Physical Form Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Solid |
13.1.2.Semi-Solid |
13.1.3.Liquid |
13.1.4.Others |
13.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Cancer Research |
13.2.2.Bisphenol Epoxy Resins |
13.2.3.Aliphatic Epoxy Resins |
13.2.4.Novolac Epoxy Resins |
13.2.5.Halogenated Epoxy Resins |
13.2.6.Epoxy Resin Diluents |
13.2.7.Glycidylamine Epoxy Resins |
13.2.8.Others |
13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Paints and Coatings |
13.3.2.Adhesives |
13.3.3.Industrial Tooling and Composites |
13.3.4.Wind Turbine Technology Composites |
13.3.5.Electrical Systems and Electronics |
13.3.6.Food Packaging |
13.3.7.Petroleum and Petrochemical |
13.3.8.Consumer and Marine Applications |
13.3.9.Automotives |
13.3.10.Construction Applications |
13.3.11.Aerospace Applications |
13.3.12.Biology |
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.allnex |
14.2.2.Aditya Birla Chemicals |
14.2.3.Borealis |
14.2.4.Olin Corporation |
14.2.5.Solvay SA |
14.2.6.Park Aerospace |
14.2.7.SINOPEC |
14.2.8.Huntsman |
14.2.9.Swancor |
14.2.10.Hexion |
14.2.11.Mitsui Chemicals |
14.2.12.Nan Ya Plastic Corporation |
14.2.13.Techstorm Advanced Materials |
14.2.14.BASF SE |
14.2.15.Dow, Inc. |
14.2.16.Kukdo Chemocals Co., Ltd |
15. Research Methodology |
16. Appendix and Abbreviations |
Key Market Players