Epoxy Resin Market Growth & Trends
The global epoxy resin market size is expected to reach USD 22.4 billion by 2030, according to a new report. It is projected to expand at a CAGR of 7.3% over the forecast period. The growing demand for epoxy-based composites across end-use industries is expected to drive the market during the forecast period. Epoxy resins are used to manufacture composite materials that are used widely in load-bearing applications, such as automotive, aerospace, construction, oil & gas, and marine, owing to their high super adhesiveness and high mechanical &other properties. The demand for high-performance composites is expected to witness growth in the commercial airplane sector as well as emerging opportunities in various applications, such as wind turbines and pressure vessels.
However, the relatively high cost and labor-intensive production of advanced composites are anticipated to prevent these composites from penetrating high-volume and price-sensitive markets. Increasing demand for composites from the automotive and aerospace industries, particularly in Europe and North America, is expected to remain a key driving factor for the market. Increasing fuel prices coupled with the rapidly growing commercial aviation sector are expected to drive the product demand over the forecast period. The construction application segment is estimated to witness significant growth over the forecast period. In construction applications, epoxy resins are used as sealers, hardeners, grouts, mortars, and laminates for walls, roofs, and decks.
Properties, such as low water permeability, excellent cleaning material, and chemical resistance, good mechanical properties, low cure shrinkage, and excellent adhesion, and others are projected to fuel the demand for epoxy resins in construction applications. Increasing spending on infrastructure development and rising urban population coupled with favorable government initiatives for providing affordable houses to the masses are expected to contribute to the growth of the construction industry globally, thereby creating demand for epoxy resins. For instance, in March 2020, the U.S. government announced an investment worth USD 2 trillion as a part of the coronavirus response for the development of infrastructure including hospital buildings, roads, and other infrastructure.
Epoxy Resin Market Report Highlights
- In terms of revenue, the paints & coatings application segment accounted for a prominent share in 2021
- The construction application segment is projected to progress at a steady CAGR during the forecast period
- The rising awareness among the masses about the benefits of green buildings is further anticipated to fuel the growth of the construction industry globally
- This, in turn, is projected to lead to increasing product demand in construction applications over the forecast period
- Asia Pacific held the largest revenue share in 2021 due to a rise in the number of manufacturing facilities that boost construction activities, thereby, propelling the product demand
- Strategic partnerships & agreements, capacity expansions, and new product developments are the popular strategies adopted by most players in the global market
- For instance, in November 2020, Sika AG expanded its production facility based in Dubai, UAE for local production of epoxy resins for targeting the flooring market
- This helped the company increase its flexibility in production, optimize cost structures, shorten the delivery times, and reduce inventories
This product will be delivered within 6-8 business days.
Table of Contents
Chapter 1 Methodology and Scope1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal database
1.3.3 Secondary Sources
1.3.4 Third Party Perspective
1.3.5 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
1.7 List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Summary
2.2 Market Segmental Outlook
Chapter 3 Market Variables, Trends, and Scope
3.1 Market Lineage Outlook
3.1.1 Global Epoxy Resin Market Outlook
3.2 Penetration & Growth Prospect Mapping, 2020
3.3 Buying Criteria
3.4 Industry Value Chain Analysis
3.4.1 Raw Material Trends
3.4.1.1 Epichlorohydrin (Ech)
3.4.1.2 Bisphenol A
3.4.2 Manufacturing Trends
3.4.3 Price Trend Analysis, 2017 - 2028
3.4.3.1 Current Scenario
3.4.3.2 Medium-Term
3.4.3.3 Long-Term
3.5 Market Dynamics
3.5.1 Market Driver Analysis
3.5.1.1 Increasing Demand for Paints & Coatings from the Construction and Automotive Industries
3.5.1.2 Growing Demand for Epoxy-Based Composites Across End-Use Industries
3.5.2 Market Restraint Analysis
3.5.2.1 Volatile Raw Material Prices
3.5.3 Industrial Opportunity Analysis
3.5.4 Industrial Challenge Analysis
3.6 Business Environment Analysis: Epoxy Resin Market
3.6.1 Porter’S Five Forces Analysis
3.6.2 PESTEL Analysis
Chapter 4 Epoxy Resin Market: Application Estimates & Trend Analysis
4.1 Epoxy Resin Market: Application Movement Analysis & Market Share, 2021 & 2030
4.2 Paints & Coatings
4.2.1 Epoxy Resin Market Estimates and Forecasts, by Paints & Coatings, 2019 - 2030 (Kilotons) (Usd Million)
4.3 Wind Turbines
4.3.1 Epoxy Resin Market Estimates and Forecasts, by Wind Turbine, 2019 - 2030 (Kilotons) (Usd Million)
4.4 Composites
4.4.1 Epoxy Resin Market Estimates and Forecasts, by Composites, 2019 - 2030 (Kilotons) (Usd Million)
4.5 Construction
4.5.1 Epoxy Resin Market Estimates and Forecasts, by Construction, 2019 - 2030 (Kilotons) (Usd Million)
4.6 Electrical & Electronics
4.6.1 Epoxy Resin Market Estimates and Forecasts, by Electrical & Electronics, 2019 - 2030 (Kilotons) (Usd Million)
4.7 Adhesives
4.7.1 Epoxy Resin Market Estimates and Forecasts, by Adhesives, 2019 - 2030 (Kilotons) (Usd Million)
4.8 Others
4.8.1 Epoxy Resin Market Estimates and Forecasts, by Other Applications, 2019 - 2030 (Kilotons) (Usd Million)
Chapter 5 Epoxy Resin Market: Regional Estimates & Trend Analysis
5.1 Epoxy Resin Market: Region Movement Analysis & Market Share, 2021 & 2030
5.2 North America
5.2.1 North America Epoxy Resin Market Estimates and Forecasts, 2019 - 2030 (Kilotons) (Usd Million)
5.2.2 North America Epoxy Resin Market Estimates and Forecasts, by Application, 2019 - 2030 (Kilotons) (Usd Million)
5.2.3 U.S.
5.2.3.1 U.S. Epoxy Resin Market Estimates and Forecasts, 2019 - 2030 (Kilotons) (Usd Million)
5.2.3.2 U.S. Epoxy Resin Market Estimates and Forecasts, by Application, 2019 - 2030 (Kilotons) (Usd Million)
5.3 Europe
5.3.1 Europe Epoxy Resin Market Estimates and Forecasts, 2019 - 2030 (Kilotons) (Usd Million)
5.3.2 Europe Epoxy Resin Market Estimates and Forecasts, by Application, 2019 - 2030 (Kilotons) (Usd Million)
5.3.3 Germany
5.3.3.1 Germany Epoxy Resin Market Estimates and Forecasts, 2019 - 2030 (Kilotons) (Usd Million)
5.3.3.2 Germany Epoxy Resin Market Estimates and Forecasts, by Application, 2019 - 2030 (Kilotons) (Usd Million)
5.3.4 France
5.3.4.1 France Epoxy Resin Market Estimates and Forecasts, 2019 - 2030 (Kilotons) (Usd Million)
5.3.4.2 France Epoxy Resin Market Estimates and Forecasts, by Application, 2019 - 2030 (Kilotons) (Usd Million)
5.3.5 U.K.
5.3.5.1 U.K. Epoxy Resin Market Estimates and Forecasts, 2019 - 2030 (Kilotons) (Usd Million)
5.3.5.2 U.K. Epoxy Resin Market Estimates and Forecasts, by Application, 2019 - 2030 (Kilotons) (Usd Million)
5.4 Asia-Pacific
5.4.1 Asia-Pacific Epoxy Resin Market Estimates and Forecasts, 2019 - 2030 (Kilotons) (Usd Million)
5.4.2 Asia-Pacific Epoxy Resin Market Estimates and Forecasts, by Application, 2019 - 2030 (Kilotons) (Usd Million)
5.4.3 China
5.4.3.1 China Epoxy Resin Market Estimates and Forecasts, 2019 - 2030 (Kilotons) (Usd Million)
5.4.3.2 China Epoxy Resin Market Estimates and Forecasts, by Application, 2019 - 2030 (Kilotons) (Usd Million)
5.4.4 India
5.4.4.1 India Epoxy Resin Market Estimates and Forecasts, 2019 - 2030 (Kilotons) (Usd Million)
5.4.4.2 India Epoxy Resin Market Estimates and Forecasts, by Application, 2019 - 2030 (Kilotons) (Usd Million)
5.4.5 Japan
5.4.5.1 Japan Epoxy Resin Market Estimates and Forecasts, 2019 - 2030 (Kilotons) (Usd Million)
5.4.5.2 Japan Epoxy Resin Market Estimates and Forecasts, by Application, 2019 - 2030 (Kilotons) (Usd Million)
5.4.6 Taiwan
5.4.6.1 Taiwan Epoxy Resin Market Estimates and Forecasts, 2019 - 2030 (Kilotons) (Usd Million)
5.4.6.2 Taiwan Epoxy Resin Market Estimates and Forecasts, by Application, 2019 - 2030 (Kilotons) (Usd Million)
5.4.7 South Korea
5.4.7.1 South Korea Epoxy Resin Market Estimates and Forecasts, 2019 - 2030 (Kilotons) (Usd Million)
5.4.7.2 South Korea Epoxy Resin Market Estimates and Forecasts, by Application, 2019 - 2030 (Kilotons) (Usd Million)
5.5 Central & South America
5.5.1 Central & South America Epoxy Resin Market Estimates and Forecasts, 2019 - 2030 (Kilotons) (Usd Million)
5.5.2 Central & South America Epoxy Resin Market Estimates and Forecasts, by Application, 2019 - 2030 (Kilotons) (Usd Million)
5.6 Middle East & Africa
5.6.1 Middle East & Africa Epoxy Resin Market Estimates and Forecasts, 2019 - 2030 (Kilotons) (Usd Million)
5.6.2 Middle East & Africa Epoxy Resin Market Estimates and Forecasts, by Application, 2019 - 2030 (Kilotons) (Usd Million)
Chapter 6 Competitive Analysis
6.1 Key Global Players, Recent Developments Carried Out by Them, and Their Impact on the Industry
6.2 Company/Competition Categorization (Key Innovators, Market Leaders, and Emerging Players)
6.3 Vendor Landscape
6.3.1 List of Key Distributors and Channel Partners
6.3.2 List of End-Users
6.4 Key Manufacturers Production Capacity, 2020
Chapter 7 Company Profiles
7.1 3M
7.1.1 Company Overview
7.1.2 Financial Performance
7.1.3 Product Benchmarking
7.2 Aditya Birla Management Corporation Pvt. Ltd.
7.2.1 Company Overview
7.2.1 Product Benchmarking
7.3 Atul Ltd
7.3.1 Company Overview
7.3.2 Financial Performance
7.3.3 Product Benchmarking
7.4 Basf Se
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Product Benchmarking
7.5 Solvay
7.5.1 Company Overview
7.5.2 Financial Performance
7.5.3 Product Benchmarking
7.5.4 Strategic Initiatives
7.6 Huntsman International LLC
7.6.1 Company Overview
7.6.2 Financial Performance
7.6.3 Product Benchmarking
7.6.4 Strategic Initiatives
7.7 Kukdo Chemical Co. Ltd.
7.7.1 Company Overview
7.7.2 Financial Performance
7.7.3 Product Benchmarking
7.7.4 Strategic Initiatives
7.8 Olin Corporation
7.8.1 Company Overview
7.8.2 Financial Performance
7.8.3 Product Benchmarking
7.9 Sika AG
7.9.1 Company Overview
7.9.2 Financial Performance
7.9.3 Product Benchmarking
7.9.4 Strategic Initiatives
7.10 Nan Ya Plastics Corporation
7.10.1 Company Overview
7.10.2 Financial Performance
7.10.3 Product Benchmarking
7.11 Jiangsu Sanmu Group Co. Ltd.
7.11.1 Company Overview
7.11.2 Product Benchmarking
7.12 Jubail Chemical Industries LLC
7.12.1 Company Overview
7.12.2 Product Benchmarking
7.13 China Petrochemical & Chemical Corporation (Sinopec)
7.13.1 Company Overview
7.13.2 Financial Performance
7.13.3 Product Benchmarking
7.14 Hexion
7.14.1 Company Overview
7.14.2 Financial Performance
7.14.3 Product Benchmarking
7.14.4 Strategic Initiatives
7.15 Kolon Industries, Inc.
7.15.1 Company Overview
7.15.2 Financial Performance
7.15.3 Product Benchmarking
7.16 Techstorm
7.16.1 Company Overview
7.16.2 Product Benchmarking
7.17 Nagase & Co. Ltd.
7.17.1 Company Overview
7.17.2 Financial Performance
7.17.3 Product Benchmarking
List of Tables
Table 1 List of Abbreviations
Table 2 Epoxy resin average price, 2017 - 2028 (USD/KG)
Table 3 Epoxy resin market estimates and forecasts, by paints & coatings, 2019 - 2030 (Kilotons) (USD Million)
Table 4 Epoxy resin market estimates and forecasts, by wind turbine, 2019 - 2030 (Kilotons) (USD Million)
Table 5 Epoxy resin market estimates and forecasts, by composites, 2019 - 2030 (Kilotons) (USD Million)
Table 6 Epoxy resin market estimates and forecasts, by construction, 2019 - 2030 (Kilotons) (USD Million)
Table 7 Epoxy resin market estimates and forecasts, by electrical & electronics, 2019 - 2030 (Kilotons) (USD Million)
Table 8 Epoxy resin market estimates and forecasts, by adhesives, 2019 - 2030 (Kilotons) (USD Million)
Table 9 Epoxy resin market estimates and forecasts, by other applications, 2019 - 2030 (Kilotons) (USD Million)
Table 10 North America epoxy resin market estimates and forecasts, 2019 - 2030 (Kilotons) (USD Million)
Table 11 North America epoxy resin market estimates and forecasts, by application, 2019 - 2030 (Kilotons)
Table 12 North America epoxy resin market estimates and forecasts, by application, 2019 - 2030 (USD Million)
Table 13 U.S. epoxy resin market estimates and forecasts, 2019 - 2030 (Kilotons) (USD Million)
Table 14 U.S. epoxy resin market estimates and forecast, by application, 2019 - 2030 (Kilotons)
Table 15 U.S. epoxy resin market estimates and forecast, by application, 2019 - 2030 (USD Million)
Table 16 Europe epoxy resin market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
Table 17 Europe epoxy resin market estimates and forecast, by application, 2019 - 2030 (Kilotons)
Table 18 Europe epoxy resin market estimates and forecast, by application, 2019 - 2030 (USD Million)
Table 19 Germany epoxy resin market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
Table 20 Germany epoxy resin market estimates and forecast, by application, 2019 - 2030 (Kilotons)
Table 21 Germany epoxy resin market estimates and forecast, by application, 2019 - 2030 (USD Million)
Table 22 France epoxy resin market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
Table 23 France epoxy resin market estimates and forecast, by application, 2019 - 2030 (Kilotons)
Table 24 France epoxy resin market estimates and forecast, by application, 2019 - 2030 (USD Million)
Table 25 U.K. epoxy resin market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
Table 26 U.K. epoxy resin market estimates and forecast, by application, 2019 - 2030 (Kilotons)
Table 27 U.K. epoxy resin market estimates and forecast, by application, 2019 - 2030 (USD Million)
Table 28 Asia Pacific epoxy resin market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
Table 29 Asia Pacific epoxy resin market estimates and forecast, by application, 2019 - 2030 (Kilotons)
Table 30 Asia Pacific epoxy resin market estimates and forecast, by application, 2019 - 2030 (USD Million)
Table 31 China epoxy resin market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
Table 32 China epoxy resin market estimates and forecast, by application, 2019 - 2030 (Kilotons)
Table 33 China epoxy resin market estimates and forecast, by application, 2019 - 2030 (USD Million)
Table 34 India epoxy resin market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
Table 35 India epoxy resin market estimates and forecast, by application, 2019 - 2030 (Kilotons)
Table 36 India epoxy resin market estimates and forecast, by application, 2019 - 2030 (USD Million)
Table 37 Japan epoxy resin market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
Table 38 Japan epoxy resin market estimates and forecast, by application, 2019 - 2030 (Kilotons)
Table 39 Japan epoxy resin market estimates and forecast, by application, 2019 - 2030 (USD Million)
Table 40 Taiwan epoxy resin market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
Table 41 Taiwan epoxy resin market estimates and forecast, by application, 2019 - 2030 (Kilotons)
Table 42 Taiwan epoxy resin market estimates and forecast, by application, 2019 - 2030 (USD Million)
Table 43 South Korea epoxy resin market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
Table 44 South Korea epoxy resin market estimates and forecast, by application, 2019 - 2030 (Kilotons)
Table 45 South Korea epoxy resin market estimates and forecast, by application, 2019 - 2030 (USD Million)
Table 46 Central & South America epoxy resin market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
Table 47 Central & South America epoxy resin market estimates and forecast, by application, 2019 - 2030 (Kilotons)
Table 48 Central & South America epoxy resin market estimates and forecast, by application, 2019 - 2030 (USD Million)
Table 49 Middle East & Africa epoxy resin market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
Table 50 Middle East & Africa epoxy resin market estimates and forecast, by application, 2019 - 2030 (Kilotons)
Table 51 Middle East & Africa epoxy resin market estimates and forecast, by application, 2019 - 2030 (USD Million)
List of Charts
Fig. 1 Information procurement
Fig. 2 Primary research pattern
Fig. 3 Primary Research Process
Fig. 4 Market research approaches - Bottom-Up Approach
Fig. 5 Market research approaches - Top-Down Approach
Fig. 6 Market research approaches - Combined Approach
Fig. 7 Global Epoxy Resin Market Snapshot, 2021 (USD Million)
Fig. 8 Epoxy Resin Market Segmentation
Fig. 9 Epoxy Resins Market - Penetration & Growth Prospect Mapping, 2021
Fig. 10 Epoxy Resins Market-Value Chain Analysis
Fig. 11 Global Automotive Production - 2017 to 2020 (Million Units)
Fig. 12 Brent and West Texas Intermediate (WTI) Crude Oil Prices, 2017 - 2020 (USD/Barrel)
Fig. 13 Porter’s Five Forces Analysis: Epoxy resin market
Fig. 14 PESTEL Analysis: Epoxy resin market
Fig. 15 Epoxy resin market: Application movement analysis, 2021 & 2030
Fig. 16 Epoxy resin market: Region movement analysis, 2021 & 2030
Companies Mentioned
- 3M
- Aditya Birla Management Corporation Pvt. Ltd.
- Atul Ltd
- BASF SE
- Solvay
- Huntsman International LLC
- KUKDO CHEMICAL CO., LTD.
- Olin Corporation
- Sika AG
- NAN YA PLASTICS CORPORATION
- Jiangsu Sanmu Group Co., Ltd.
- Jubail Chemical Industries LLC
- China Petrochemical & Chemical Corporation (SINOPEC)
- Hexion
- Kolon Industries, Inc.
- Techstorm
- NAGASE & CO., LTD.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | May 2022 |
| Forecast Period | 2021 - 2030 |
| Estimated Market Value in 2021 | 11.8 Billion |
| Forecasted Market Value by 2030 | 22.4 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
