The global epoxy resin market size is projected to be worth US$ 24 billion by 2034. According to the estimates, the market is anticipated to clock a 5.7% CAGR until 2034. In 2024, the epoxy resin market size is valued at US$ 13.8 billion.
Attributes | Details |
---|---|
Epoxy Resin Market Size, 2023 | US$ 12.9 billion |
Epoxy Resin Market Size, 2024 | US$ 13.8 billion |
Epoxy Resin Market Size, 2034 | US$ 24 billion |
Value CAGR (2024 to 2034) | 5.7% |
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Robust Growth of Construction Sector in Emerging Economies Surges Demand for Epoxy Resin
The construction sector is booming, especially in emerging nations in the Asia Pacific and Latin America regions, where increasing urbanization and infrastructure expansion stimulate demand for construction materials.
Epoxy resins are commonly utilized in construction applications such as coatings, adhesives, sealants, and concrete repair materials because of their high bonding strength, durability, and chemical resistance. As investment in infrastructure projects increases, so will demand for epoxy resins, hence boosting the global development of the epoxy resin industry.
Popularity of Smart Coatings and Self-healing Materials Continues to Surge in the Market
Epoxy resins are increasingly being used to create smart coatings with responsive features such as self-healing and corrosion resistance. This translates to improved surface durability and protection since coatings containing epoxy resins can automatically fix small damages. These cutting-edge coatings benefit sectors like automotive and aerospace by extending life and requiring less maintenance of structures and parts, which lowers maintenance costs and boosts overall productivity.
Innovations in 3D Printing Present Opportunities for Market Players
As 3D printing technology advances, companies possess a unique opportunity to advance epoxy resin-based materials particularly tailored for additive manufacturing. Developing resins that improve 3D printing features such as resolution, strength, and flexibility helps meet the changing demands of sectors that use 3D printing technology. This breakthrough has the potential to create additional markets and applications in various industries, including healthcare, automotive, and consumer products.
Trends |
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Opportunities |
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Challenges |
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Segment | DGBEA (Type) |
---|---|
Value CAGR (2024 to 2034) | 5.6% |
Based on type, the DBGEA segment is projected to thrive at a 5.6% CAGR through 2034.
Segment | Solvent Cut Epoxy (Technology) |
---|---|
Value CAGR (2024 to 2034) | 5.3% |
Based on technology, the solvent-cut epoxy segment is anticipated to rise at a 5.3% CAGR from 2024 to 2034.
Countries | Value CAGR (2024 to 2034) |
---|---|
United States | 5.9% |
United Kingdom | 7.2% |
China | 6.1% |
Japan | 6.9% |
South Korea | 7.0% |
The demand for epoxy resin in the United States is projected to rise at a 5.9% CAGR through 2034.
The sales of epoxy resin in the United Kingdom are anticipated to surge at a 7.2% CAGR through 2034.
The epoxy resin market growth in China is estimated at a 6.1% CAGR through 2034.
The demand for epoxy resin in Japan is anticipated to rise at a 6.9% CAGR through 2034.
The sales of epoxy resin in South Korea are expected to increase at a 7.0% CAGR through 2034.
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The epoxy resin market's competitive landscape is defined by a combination of established industry leaders, regional players, and organizations actively involved in R&D to obtain a competitive advantage.
Leading global companies, including Hexion Inc., Huntsman Corporation, and Olin Corporation, drive the market through their diverse product portfolios, robust distribution networks, and worldwide reach. These industry leaders retain their competitive positions by ongoing innovation, strategic alliances, and a focus on serving the changing needs of end-user industries.
Recent Developments
The epoxy resin market is valued at US$ 13.8 billion in 2024.
The epoxy resin market size is estimated to increase at a 5.7% CAGR through 2034.
The epoxy resin market is anticipated to be worth US$ 24 billion by 2034.
DGBEA witnesses a high demand in the industry.
The epoxy resin market in the United Kingdom is predicted to rise at a 7.2% CAGR through 2034.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Type, 2024 to 2034
5.3.1. DGBEA
5.3.2. Novolac
5.3.3. DGBEF
5.3.4. Aliphatic
5.3.5. Glycidylamine
5.3.6. Others
5.4. Y-o-Y Growth Trend Analysis By Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Technology, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Technology, 2024 to 2034
6.3.1. Solvent Cut Epoxy
6.3.2. Liquid Epoxy
6.3.3. Waterborne Epoxy
6.3.4. Others
6.4. Y-o-Y Growth Trend Analysis By Technology, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Technology, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2024 to 2034
7.3.1. Composites
7.3.2. Paints & Coatings
7.3.3. Grouts & Mortars
7.3.4. Adhesives
7.3.5. Electronic Encapsulation
7.3.6. Others
7.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-Use
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End-Use, 2019 to 2023
8.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End-Use, 2024 to 2034
8.3.1. Aerospace
8.3.2. Automotive & Transportation
8.3.3. Building & Construction
8.3.4. Electrical & Electronics
8.3.5. Marine
8.3.6. Others
8.4. Y-o-Y Growth Trend Analysis By End-Use, 2019 to 2023
8.5. Absolute $ Opportunity Analysis By End-Use, 2024 to 2034
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019 to 2023
9.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034
9.3.1. North America
9.3.2. Latin America
9.3.3. Western Europe
9.3.4. Eastern Europe
9.3.5. South Asia and Pacific
9.3.6. East Asia
9.3.7. Middle East and Africa
9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. USA
10.2.1.2. Canada
10.2.2. By Type
10.2.3. By Technology
10.2.4. By Application
10.2.5. By End-Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Technology
10.3.4. By Application
10.3.5. By End-Use
10.4. Key Takeaways
11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Brazil
11.2.1.2. Mexico
11.2.1.3. Rest of Latin America
11.2.2. By Type
11.2.3. By Technology
11.2.4. By Application
11.2.5. By End-Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Technology
11.3.4. By Application
11.3.5. By End-Use
11.4. Key Takeaways
12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Germany
12.2.1.2. UK
12.2.1.3. France
12.2.1.4. Spain
12.2.1.5. Italy
12.2.1.6. Rest of Western Europe
12.2.2. By Type
12.2.3. By Technology
12.2.4. By Application
12.2.5. By End-Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Technology
12.3.4. By Application
12.3.5. By End-Use
12.4. Key Takeaways
13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. Poland
13.2.1.2. Russia
13.2.1.3. Czech Republic
13.2.1.4. Romania
13.2.1.5. Rest of Eastern Europe
13.2.2. By Type
13.2.3. By Technology
13.2.4. By Application
13.2.5. By End-Use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Technology
13.3.4. By Application
13.3.5. By End-Use
13.4. Key Takeaways
14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. India
14.2.1.2. Bangladesh
14.2.1.3. Australia
14.2.1.4. New Zealand
14.2.1.5. Rest of South Asia and Pacific
14.2.2. By Type
14.2.3. By Technology
14.2.4. By Application
14.2.5. By End-Use
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Type
14.3.3. By Technology
14.3.4. By Application
14.3.5. By End-Use
14.4. Key Takeaways
15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. China
15.2.1.2. Japan
15.2.1.3. South Korea
15.2.2. By Type
15.2.3. By Technology
15.2.4. By Application
15.2.5. By End-Use
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Type
15.3.3. By Technology
15.3.4. By Application
15.3.5. By End-Use
15.4. Key Takeaways
16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
16.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
16.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
16.2.1. By Country
16.2.1.1. GCC Countries
16.2.1.2. South Africa
16.2.1.3. Israel
16.2.1.4. Rest of MEA
16.2.2. By Type
16.2.3. By Technology
16.2.4. By Application
16.2.5. By End-Use
16.3. Market Attractiveness Analysis
16.3.1. By Country
16.3.2. By Type
16.3.3. By Technology
16.3.4. By Application
16.3.5. By End-Use
16.4. Key Takeaways
17. Key Countries Market Analysis
17.1. USA
17.1.1. Pricing Analysis
17.1.2. Market Share Analysis, 2023
17.1.2.1. By Type
17.1.2.2. By Technology
17.1.2.3. By Application
17.1.2.4. By End-Use
17.2. Canada
17.2.1. Pricing Analysis
17.2.2. Market Share Analysis, 2023
17.2.2.1. By Type
17.2.2.2. By Technology
17.2.2.3. By Application
17.2.2.4. By End-Use
17.3. Brazil
17.3.1. Pricing Analysis
17.3.2. Market Share Analysis, 2023
17.3.2.1. By Type
17.3.2.2. By Technology
17.3.2.3. By Application
17.3.2.4. By End-Use
17.4. Mexico
17.4.1. Pricing Analysis
17.4.2. Market Share Analysis, 2023
17.4.2.1. By Type
17.4.2.2. By Technology
17.4.2.3. By Application
17.4.2.4. By End-Use
17.5. Germany
17.5.1. Pricing Analysis
17.5.2. Market Share Analysis, 2023
17.5.2.1. By Type
17.5.2.2. By Technology
17.5.2.3. By Application
17.5.2.4. By End-Use
17.6. UK
17.6.1. Pricing Analysis
17.6.2. Market Share Analysis, 2023
17.6.2.1. By Type
17.6.2.2. By Technology
17.6.2.3. By Application
17.6.2.4. By End-Use
17.7. France
17.7.1. Pricing Analysis
17.7.2. Market Share Analysis, 2023
17.7.2.1. By Type
17.7.2.2. By Technology
17.7.2.3. By Application
17.7.2.4. By End-Use
17.8. Spain
17.8.1. Pricing Analysis
17.8.2. Market Share Analysis, 2023
17.8.2.1. By Type
17.8.2.2. By Technology
17.8.2.3. By Application
17.8.2.4. By End-Use
17.9. Italy
17.9.1. Pricing Analysis
17.9.2. Market Share Analysis, 2023
17.9.2.1. By Type
17.9.2.2. By Technology
17.9.2.3. By Application
17.9.2.4. By End-Use
17.10. Poland
17.10.1. Pricing Analysis
17.10.2. Market Share Analysis, 2023
17.10.2.1. By Type
17.10.2.2. By Technology
17.10.2.3. By Application
17.10.2.4. By End-Use
17.11. Russia
17.11.1. Pricing Analysis
17.11.2. Market Share Analysis, 2023
17.11.2.1. By Type
17.11.2.2. By Technology
17.11.2.3. By Application
17.11.2.4. By End-Use
17.12. Czech Republic
17.12.1. Pricing Analysis
17.12.2. Market Share Analysis, 2023
17.12.2.1. By Type
17.12.2.2. By Technology
17.12.2.3. By Application
17.12.2.4. By End-Use
17.13. Romania
17.13.1. Pricing Analysis
17.13.2. Market Share Analysis, 2023
17.13.2.1. By Type
17.13.2.2. By Technology
17.13.2.3. By Application
17.13.2.4. By End-Use
17.14. India
17.14.1. Pricing Analysis
17.14.2. Market Share Analysis, 2023
17.14.2.1. By Type
17.14.2.2. By Technology
17.14.2.3. By Application
17.14.2.4. By End-Use
17.15. Bangladesh
17.15.1. Pricing Analysis
17.15.2. Market Share Analysis, 2023
17.15.2.1. By Type
17.15.2.2. By Technology
17.15.2.3. By Application
17.15.2.4. By End-Use
17.16. Australia
17.16.1. Pricing Analysis
17.16.2. Market Share Analysis, 2023
17.16.2.1. By Type
17.16.2.2. By Technology
17.16.2.3. By Application
17.16.2.4. By End-Use
17.17. New Zealand
17.17.1. Pricing Analysis
17.17.2. Market Share Analysis, 2023
17.17.2.1. By Type
17.17.2.2. By Technology
17.17.2.3. By Application
17.17.2.4. By End-Use
17.18. China
17.18.1. Pricing Analysis
17.18.2. Market Share Analysis, 2023
17.18.2.1. By Type
17.18.2.2. By Technology
17.18.2.3. By Application
17.18.2.4. By End-Use
17.19. Japan
17.19.1. Pricing Analysis
17.19.2. Market Share Analysis, 2023
17.19.2.1. By Type
17.19.2.2. By Technology
17.19.2.3. By Application
17.19.2.4. By End-Use
17.20. South Korea
17.20.1. Pricing Analysis
17.20.2. Market Share Analysis, 2023
17.20.2.1. By Type
17.20.2.2. By Technology
17.20.2.3. By Application
17.20.2.4. By End-Use
17.21. GCC Countries
17.21.1. Pricing Analysis
17.21.2. Market Share Analysis, 2023
17.21.2.1. By Type
17.21.2.2. By Technology
17.21.2.3. By Application
17.21.2.4. By End-Use
17.22. South Africa
17.22.1. Pricing Analysis
17.22.2. Market Share Analysis, 2023
17.22.2.1. By Type
17.22.2.2. By Technology
17.22.2.3. By Application
17.22.2.4. By End-Use
17.23. Israel
17.23.1. Pricing Analysis
17.23.2. Market Share Analysis, 2023
17.23.2.1. By Type
17.23.2.2. By Technology
17.23.2.3. By Application
17.23.2.4. By End-Use
18. Market Structure Analysis
18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Market Share Analysis of Top Players
18.3.1. By Regional
18.3.2. By Type
18.3.3. By Technology
18.3.4. By Application
18.3.5. By End-Use
19. Competition Analysis
19.1. Competition Deep Dive
19.1.1. 3M
19.1.1.1. Overview
19.1.1.2. Product Portfolio
19.1.1.3. Profitability by Market Segments
19.1.1.4. Sales Footprint
19.1.1.5. Strategy Overview
19.1.1.5.1. Marketing Strategy
19.1.1.5.2. Product Strategy
19.1.1.5.3. Channel Strategy
19.1.2. Aditya Birla Management Corp. Pvt. Ltd.
19.1.2.1. Overview
19.1.2.2. Product Portfolio
19.1.2.3. Profitability by Market Segments
19.1.2.4. Sales Footprint
19.1.2.5. Strategy Overview
19.1.2.5.1. Marketing Strategy
19.1.2.5.2. Product Strategy
19.1.2.5.3. Channel Strategy
19.1.3. Atul Ltd.
19.1.3.1. Overview
19.1.3.2. Product Portfolio
19.1.3.3. Profitability by Market Segments
19.1.3.4. Sales Footprint
19.1.3.5. Strategy Overview
19.1.3.5.1. Marketing Strategy
19.1.3.5.2. Product Strategy
19.1.3.5.3. Channel Strategy
19.1.4. BASF SE
19.1.4.1. Overview
19.1.4.2. Product Portfolio
19.1.4.3. Profitability by Market Segments
19.1.4.4. Sales Footprint
19.1.4.5. Strategy Overview
19.1.4.5.1. Marketing Strategy
19.1.4.5.2. Product Strategy
19.1.4.5.3. Channel Strategy
19.1.5. Solvay
19.1.5.1. Overview
19.1.5.2. Product Portfolio
19.1.5.3. Profitability by Market Segments
19.1.5.4. Sales Footprint
19.1.5.5. Strategy Overview
19.1.5.5.1. Marketing Strategy
19.1.5.5.2. Product Strategy
19.1.5.5.3. Channel Strategy
19.1.6. Huntsman International LLC
19.1.6.1. Overview
19.1.6.2. Product Portfolio
19.1.6.3. Profitability by Market Segments
19.1.6.4. Sales Footprint
19.1.6.5. Strategy Overview
19.1.6.5.1. Marketing Strategy
19.1.6.5.2. Product Strategy
19.1.6.5.3. Channel Strategy
19.1.7. Kukdo Chemical Co., Ltd.
19.1.7.1. Overview
19.1.7.2. Product Portfolio
19.1.7.3. Profitability by Market Segments
19.1.7.4. Sales Footprint
19.1.7.5. Strategy Overview
19.1.7.5.1. Marketing Strategy
19.1.7.5.2. Product Strategy
19.1.7.5.3. Channel Strategy
19.1.8. Olin Corporation
19.1.8.1. Overview
19.1.8.2. Product Portfolio
19.1.8.3. Profitability by Market Segments
19.1.8.4. Sales Footprint
19.1.8.5. Strategy Overview
19.1.8.5.1. Marketing Strategy
19.1.8.5.2. Product Strategy
19.1.8.5.3. Channel Strategy
19.1.9. Sika AG
19.1.9.1. Overview
19.1.9.2. Product Portfolio
19.1.9.3. Profitability by Market Segments
19.1.9.4. Sales Footprint
19.1.9.5. Strategy Overview
19.1.9.5.1. Marketing Strategy
19.1.9.5.2. Product Strategy
19.1.9.5.3. Channel Strategy
19.1.10. Nan Ya Plastics Corp.
19.1.10.1. Overview
19.1.10.2. Product Portfolio
19.1.10.3. Profitability by Market Segments
19.1.10.4. Sales Footprint
19.1.10.5. Strategy Overview
19.1.10.5.1. Marketing Strategy
19.1.10.5.2. Product Strategy
19.1.10.5.3. Channel Strategy
19.1.11. Jiangsu Sanmu Group Co., Ltd.
19.1.11.1. Overview
19.1.11.2. Product Portfolio
19.1.11.3. Profitability by Market Segments
19.1.11.4. Sales Footprint
19.1.11.5. Strategy Overview
19.1.11.5.1. Marketing Strategy
19.1.11.5.2. Product Strategy
19.1.11.5.3. Channel Strategy
20. Assumptions & Acronyms Used
21. Research Methodology
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