+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Epoxy Resins: Global Strategic Business Report

  • PDF Icon

    Report

  • 219 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338586

Global Epoxy Resins Market to Reach $21.5 Billion by 2030

The global market for Epoxy Resins estimated at US$13.1 Billion in the year 2022, is projected to reach a revised size of US$21.5 Billion by 2030, growing at a CAGR of 6.4% over the analysis period 2022-2030. DGBEA, one of the segments analyzed in the report, is projected to record a 7.8% CAGR and reach US$7.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the DGBEF segment is readjusted to a revised 6.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.6 Billion, While China is Forecast to Grow at 11.1% CAGR

The Epoxy Resins market in the U.S. is estimated at US$3.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2030 trailing a CAGR of 11.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3 Billion by the year 2030.

Select Competitors (Total 93 Featured) -

  • 3M Company
  • Adhesives Technology Corp.
  • Aditya Birla Chemicals (India) Limited
  • Alchemie Ltd.
  • Asahi Kasei Corporation
  • Ashland Global Holdings Inc.
  • Atul Ltd.
  • BASF SE
  • Chang Chun Plastics Co. LTD.
  • Ciech
  • CVC Thermoset Specialties
  • Cytec Solvay Group
  • DIC Corporation
  • Epic Resins
  • Evonik Industries AG
  • Huntsman Corporation
  • Jiangsu Sanmu Group Corporation
  • KoreKote Advanced Epoxy Systems
  • Kukdo Chemical Co. Ltd.
  • LEUNA-Harze GmbH
  • Mitsui Chemicals Inc.
  • Nan Ya Plastics Corporation
  • Nano-Tech Srl
  • Olin Corporation
  • RBC Industries Inc.
  • Reichhold Inc.
  • Resoltech SAS
  • Robnor Resins Ltd.
  • Sicomin Epoxy Systems
  • SIR Industriale SpA
  • Spolchemie A.S.
  • Sumitomo Bakelite Co. Ltd.

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Epoxy Resins: Versatile, Reliable and Cost-Effective Thermoset Resins for Highly Demanding Applications
  • Recent Market Activity
  • Excellent Ductility, Strong Adhesive Power, and Exceptional Mechanical Properties and Numerous Attributes Drive Widespread Adoption
  • Major End-use Applications of Epoxy Resins
  • Global Market Outlook
  • Asia-Pacific Represents the Largest Market Worldwide, Also Offers Significant Growth Opportunities
  • China: Prime Force Behind Asia-Pacific’s Dominance
  • Stable Economic Scenario to Aid Market Expansion
  • Progressive Momentum in Global Manufacturing PMI Underpins Volume Growth
  • Epoxy Resins - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Surging Demand from the Coatings Industry Drives Healthy Market Growth for Epoxy Resins
  • Growing Sales of Various Types of Coatings: An Important Opportunity Indicator
  • High Temperature Epoxy Resins Improves Chemical Resistance and Strength in Coatings Application
  • Flooring & Multiple Other Applications Drive Demand for Epoxy Surface Coatings
  • Myriad Attributes Drive Demand for Waterborne Epoxy Resins in Coatings
  • Growing Semiconductor and Aerospace Manufacturing Industries Benefit Market Expansion
  • Increasing Adoption of Wind Power Opens Up New Avenues for Future Growth
  • Epoxy Resin Innovations and Advancements: Spearheading Growth
  • Epoxy Adhesives with Enhanced Properties
  • Next Generation Epoxy Adhesives Also Offer Improved Performance
  • High Performance Epoxy Resins with Excellent Tensile Strength
  • Structural Adhesives Based on Advanced Technologies
  • Fire-Retardant Epoxy Resins
  • Low Viscosity Epoxy Resins
  • Innovation Related Trends in the Global Epoxy Resin Marketplace
  • Alliances for Collective Innovation
  • Government Funds for Supporting Innovation
  • Focus on Developing Sustainable Products
  • Product Launches in the Recent Past with Improved Thermal and Mechanical Properties
  • Growing Demand for Waterborne Epoxy Resins Underpins Volume Growth
  • Epoxy Gains Traction as Key Corrosion Resistant Resin
  • Sustainable Bio-based Epoxy Resins to Drive Substantial Market Growth
  • Growing Popularity of Versatile, Strong, and Highly Useful Epoxy Resins Drive the Focus on Effective Curing
  • Growing Prominence of Light Weight Car Manufacturing Drives Demand in the Automotive Sector
  • Uptrend in Automobiles Production: An Important Opportunity Indicator
  • Advanced Resin Materials and Production Techniques Enable Mass Manufacture of Automotive Components
  • Northbound Trajectory in the Construction Sector to Favor Market Growth
  • Construction Spending Forecasts Remain Firm in the Short- to Mid-Term
  • Residential Sector Holds Greater Promise
  • CRE Investments Gather Steam
  • Demand for Epoxy Adhesives Gain Momentum in Applications Requiring Superior Adhesion
  • Expanding Electrical & Electronics Manufacturing Lends Traction to Market Growth
  • Newer Applications to Drive Future Growth of Epoxy Resins Market
  • Epoxy Resin Reinforced Plastic Pipes Offer Significant Advantages, Bodes Well for the Market
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Epoxy Resins by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Epoxy Resins by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Epoxy Resins by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for DGBEA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for DGBEA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for DGBEA by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for DGBEF by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for DGBEF by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for DGBEF by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Novolac by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Novolac by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Novolac by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Glycidylamine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Glycidylamine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Glycidylamine by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Aliphatic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Aliphatic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Aliphatic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Paints & Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Paints & Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 24: World 16-Year Perspective for Paints & Coatings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Electrical & Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 26: World Historic Review for Electrical & Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 27: World 16-Year Perspective for Electrical & Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 29: World Historic Review for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 30: World 16-Year Perspective for Construction by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 31: World Recent Past, Current & Future Analysis for Composites by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 32: World Historic Review for Composites by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 33: World 16-Year Perspective for Composites by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 34: World Recent Past, Current & Future Analysis for Wind Turbine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 35: World Historic Review for Wind Turbine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 36: World 16-Year Perspective for Wind Turbine by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 37: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 38: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 39: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 40: World Epoxy Resins Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Epoxy Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Epoxy Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Epoxy Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Epoxy Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Epoxy Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Epoxy Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Epoxy Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Epoxy Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Epoxy Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Epoxy Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Epoxy Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Epoxy Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Epoxy Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 3M Company
  • Adhesives Technology Corp.
  • Aditya Birla Chemicals (India) Limited
  • Alchemie Ltd.
  • Asahi Kasei Corporation
  • Ashland Global Holdings Inc.
  • Atul Ltd.
  • BASF SE
  • Chang Chun Plastics Co. LTD.
  • Ciech
  • CVC Thermoset Specialties
  • Cytec Solvay Group
  • DIC Corporation
  • Epic Resins
  • Evonik Industries AG
  • Huntsman Corporation
  • Jiangsu Sanmu Group Corporation
  • KoreKote Advanced Epoxy Systems
  • Kukdo Chemical Co. Ltd.
  • LEUNA-Harze GmbH
  • Mitsui Chemicals Inc.
  • Nan Ya Plastics Corporation
  • Nano-Tech Srl
  • Olin Corporation
  • RBC Industries Inc.
  • Reichhold Inc.
  • Resoltech SAS
  • Robnor Resins Ltd.
  • Sicomin Epoxy Systems
  • SIR Industriale SpA
  • Spolchemie A.S.
  • Sumitomo Bakelite Co. Ltd.

Table Information