Epoxy Resin Market, Till 2035: Distribution by Type of Physical Form, Type of Raw Material, Type of Technology, Type of Application, Type of End-User, Enterprise Size, and Geographical Regions: Industry Trends and Global Forecasts

The global epoxy resin market size is estimated to grow from USD 13.22 billion in the current year to USD 23.21 billion by 2035, at a CAGR of 5.24% during the forecast period, till 2035.

Epoxy Resin Market: Growth and Trends

The growth of the epoxy resin market can be attributed to various factors, one of which is its ability to produce customized and specialized products tailored to the unique requirements of different industries. Epoxy resin plays a crucial role in industrialization, being utilized across various sectors to create products such as medical devices, turbine blades, and circuit boards. Moreover, epoxy resin offers several characteristics, including the ability to bond with a wide array of materials, exceptional thermal stability, and resistance to environmental influences, making it suitable for high-performance applications.

It is important to note that the properties of epoxy resin can be adjusted by altering the ratios and types of raw materials used, such as catalysts and additives. Significantly, epoxy resin finds applications in various industries, including automotive, construction, furniture, and aerospace, as well as in the epoxy resin adhesives market. Additionally, with the ongoing advancements in electronics and technology, epoxy resin is utilized to enhance insulation and protective layers in electronic devices.

The epoxy resin industry is in a constant state of evolution, driven by innovation and technological progress. This transformation has enabled the development of epoxy resin as a more efficient and high-performance material. As a result, owing to the above mentioned factors, the epoxy resin market is expected to grow significantly during the forecast period.

Epoxy Resin Market: Key Segments

Market Share by Type of Physical Form

Based on type of physical form, the global epoxy resin market is segmented into liquid, solids and solution. According to our estimates, currently, the liquid epoxy resin segment captures the majority of the market share. This can be attributed to the increasing adaptability and superior performance features of liquid epoxy resins, which are expected to boost the market for liquid resins across various industries.

Market Share by Type of Raw Material

Based on type of raw material, the global epoxy resin market is segmented into aliphatic, BADGE, BFDG, glycidyl amine, novolac, and others. According to our estimates, currently, the novolac segment captures the majority of the market share, due to its exceptional mechanical properties, versatility, and rising usage in the electronics sector.

However, the BADGE segment is expected to grow at a relatively higher CAGR during the forecast period. This growth is linked to the increasing demand for epoxy resin in high-performance formulations across industries such as aerospace, automotive, and construction.

Market Share by Type of Technology

Based on type of technology, the global epoxy resin market is segmented into liquid epoxy, solvent cut epoxy, waterborne epoxy and others. According to our estimates, currently, the solvent cut epoxy segment captures the majority of the market share. This is due to a combination of factors such as enhanced workability, quicker curing times, and diverse applications.

However, the liquid epoxy segment is expected to grow at a relatively higher CAGR during the forecast period, owing to its versatility and high-performance characteristics, which make it ideal for coatings and additives.

Market Share by Type of Application

Based on type of application, the global epoxy resin market is segmented into adhesive and sealants, composites, paints and coatings, wind and turbines and others. According to our estimates, currently, the paints and coating segment captures the majority of the market share. This is due to its widespread utilization across diverse industries and the growing trend towards environment friendly paint options.

Additionally, the adhesive and sealants segment is expected to grow at a relatively higher CAGR during the forecast period, driven by their superior adhesion properties and durability, making them ideal for a variety of bonding applications.

Market Share by Type of End-User

Based on type of end-user, the global epoxy resin market is segmented into aerospace, automotive, building and construction, electrical and marine. According to our estimates, currently, the building and construction segment captures the majority of the market share, due to the widespread application of epoxy resins in decks, walls, roofs, decorative flooring, architectural surfaces and countertops, as well as other construction uses.

On the other hand, the automotive segment is expected to grow at a higher CAGR during the forecast period. Key factors driving this growth include the increasing demand for lightweight materials made from epoxy resins, innovations in resin technology, and a heightened emphasis on sustainability within the automotive industry.

Market Share by Enterprise Size

Based on enterprise size, the global epoxy resin market is segmented into large and small and medium enterprise size (SME). According to our estimates, currently, the large enterprise segment captures the majority of the market share, due to the superior infrastructure and significant investments. On the other hand, the small and medium enterprise (SME) segment is expected to grow at a higher CAGR during the forecast period, driven by rising innovation and collaborations with other industry players

Market Share by Geographical Regions

Based on geographical regions, the epoxy resin market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently, Asia captures the majority share of the market.

This can be attributed to a growing demand for epoxy urethane applications in various industries, such as automotive, furniture, and electronics, especially in developing nations like China and India. Meanwhile, North America is expected to experience a higher compound annual growth rate (CAGR) during this forecast period, driven by increasing consumer awareness and a shift towards sustainable materials.

Epoxy Resin Market: Research Coverage

The report on the epoxy resin market features insights on various sections, including:

• Market Sizing and Opportunity Analysis: An in-depth analysis of the epoxy resin market, focusing on key market segments, including [A] type of physical form, [B] type of raw material, [C] type of technology, [D] type of application, [E] type of end-user, [F] enterprise size, and [G] geographical regions.
• Competitive Landscape: A comprehensive analysis of the companies engaged in the epoxy resin market, based on several relevant parameters, such as [A] year of establishment, [B] company size, [C] location of headquarters and [D] ownership structure.
• Company Profiles: Elaborate profiles of prominent players engaged in the epoxy resin market, providing details on [A] location of headquarters, [B] company size, [C] company mission, [D] company footprint, [E] management team, [F] contact details, [G] financial information, [H] operating business segments, [I] epoxy resin portfolio, [J] moat analysis, [K] recent developments, and an informed future outlook.
• SWOT Analysis: An insightful SWOT framework, highlighting the strengths, weaknesses, opportunities and threats in the domain. Additionally, it provides Harvey ball analysis, highlighting the relative impact of each SWOT parameter.
• Value Chain Analysis: A comprehensive analysis of the value chain, providing information on the different phases and stakeholders involved in the epoxy resin market

Key Questions Answered in this Report

• How many companies are currently engaged in epoxy resin market?
• Which are the leading companies in this market?
• What factors are likely to influence the evolution of this market?
• What is the current and future market size?
• What is the CAGR of this market?
• How is the current and future market opportunity likely to be distributed across key market segments?

Reasons to Buy this Report

• The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
• Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
• The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.

Additional Benefits

• Complimentary Excel Data Packs for all analytical modules in the report
• 15% free content customization
• Detailed report walkthrough session with the research team
• Free report update available for reports older than 6 months