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Global Modified Epoxy Resin Market Size Study, by Product Type (Solvent-Based, Water-Based), by Application (Building & Construction, Automotive, Aerospace, Marine), and Regional Forecasts 2024-2034

Publisher Factview Research
Published Oct 03, 2025
Length 285 Pages
SKU # FAVR20464187

Description

The global modified epoxy resin market was valued at USD 22.79 billion in 2024 and is anticipated to grow at a CAGR of 6.5% over the forecast period from 2024 to 2034. The market's expansion is largely fueled by the rising demand for high-performance coatings in construction, automotive, aerospace, and marine industries. Modified epoxy resins are widely known for their superior durability, corrosion resistance, thermal stability, and adhesion properties, making them indispensable across multiple industrial applications.

Additionally, technological advancements in formulation techniques have led to the development of eco-friendly and bio-based modified epoxy resins that align with stringent environmental regulations. This shift is prompting manufacturers to focus on producing low-VOC (volatile organic compounds) resins while ensuring optimal performance in diverse applications. Increasing infrastructure projects in emerging economies, rapid urbanization, and investments in electric vehicles (EVs) and renewable energy projects are also contributing to the growing demand for modified epoxy resins.

The automotive and aerospace sectors are witnessing a surge in demand for lightweight materials to enhance fuel efficiency and reduce carbon emissions. Modified epoxy resins are extensively used in structural applications, such as composite materials, adhesives, coatings, and encapsulants, further driving market expansion. Moreover, advancements in nanotechnology have enabled the enhancement of mechanical and thermal properties of epoxy-based materials, which are becoming increasingly significant in next-generation electronic components and circuit boards.

Regionally, Asia-Pacific dominated the modified epoxy resin market in 2024, holding the largest revenue share of 42.50% . The region’s market growth is driven by expanding industrial activities, increasing investments in smart infrastructure, and a strong consumer electronics manufacturing base. Additionally, North America is projected to exhibit the fastest CAGR, supported by growing investments in electric vehicle (EV) infrastructure, wind energy projects, and semiconductor manufacturing.

The competitive landscape of the modified epoxy resin market is marked by the presence of major players focusing on product innovation, strategic partnerships, and capacity expansions to cater to the growing demand across industries. Notable companies in the market include Olin Corporation, Hexion Inc., Aditya Birla Chemicals, Kukdo Chemical Co., Ltd, Westlake Epoxy, Huntsman Corporation, and others. The increasing adoption of bio-based and high-performance epoxy resins to meet stringent sustainability standards is expected to reshape the industry in the coming years.

Major market players included in this report are:
  • Olin Corporation
  • Hexion Inc.
  • Aditya Birla Chemicals
  • Kukdo Chemical Co., Ltd
  • Westlake Epoxy
  • Hindusthan Speciality Chemicals
  • Adeka Corporation
  • Chemex Chemicals
  • Nan Ya Plastics Corporation
  • Huntsman Corporation
  • Evonik Industries
  • BASF SE
  • Dow Inc.
  • Mitsubishi Chemical Corporation
  • Ashland Global
The detailed segments and sub-segments of the market are explained below:

By Product Type:
  • Solvent-Based
  • Water-Based
By Application:
  • Building & Construction
  • Automotive
  • Aerospace
  • Marine
  • Others
By Region:

North America
  • U.S.
  • Canada
  • Mexico
Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East & Africa
Years considered for the study are as follows:
  • Historical year – 2022
  • Base year – 2024
  • Forecast period – 2024 to 2034
Key Takeaways:
  • Market Estimates & Forecast for 10 years from 2022 to 2034
  • Annualized revenues and regional-level analysis for each market segment
  • In-depth geographical analysis with country-level breakdowns
  • Competitive landscape assessment with company profiling
  • Insights into key business strategies and future market approach recommendations
  • Analysis of industry structure, demand, and supply chain dynamics

Table of Contents

285 Pages
Chapter 1. Global Modified Epoxy Resin Market Executive Summary
1.1. Global Modified Epoxy Resin Market Size & Forecast (2024-2034)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Product Type
1.3.2. By Application
1.4. Key Market Trends
1.5. Recession Impact on Market Growth
1.6. Industry Metrics
1.7. Investment Analysis
1.8 .Investment Rationale
1.9. Analyst Recommendation & Conclusion
Chapter 2. Global Modified Epoxy Resin Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability of Raw Materials
2.3.3.2. Manufacturing Infrastructure
2.3.3.3. Regulatory Frameworks
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Environmental Regulations and Compliance
2.3.4.2. Adoption of Bio-Based and Low-VOC Resins
2.3.4.3. Technological Advancements in Resin Formulations
2.3.4.4. Industrial and Infrastructure Development
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Modified Epoxy Resin Market Dynamics
3.1. Market Drivers
3.1.1. Rising Demand for High-Performance Coatings in Infrastructure and Construction
3.1.2. Growing Adoption of Lightweight and High-Strength Materials in Automotive and Aerospace
3.1.3. Advancements in Nanotechnology Enhancing Resin Properties
3.1.4. Expansion of the Electronics and Electrical Industry
3.2. Market Challenges
3.2.1. Fluctuating Raw Material Prices and Supply Chain Disruptions
3.2.2. Stringent Environmental Regulations on VOC Emissions
3.2.3. High R&D Costs for Developing Advanced Epoxy Resins
3.3. Market Opportunities
3.3.1. Increasing Demand for Sustainable and Bio-Based Epoxy Resins
3.3.2. Growth in Electric Vehicle (EV) and Renewable Energy Sectors
3.3.3. Rising Infrastructure Development in Emerging Economies
Chapter 4. Global Modified Epoxy Resin Market Industry Analysis
4.1. Porter’s Five Forces Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. PESTEL Analysis
4.2.1. Political Factors
4.2.2. Economic Factors
4.2.3. Social Factors
4.2.4. Technological Factors
4.2.5. Environmental Factors
4.2.6. Legal Factors
4.3. Investment Opportunities
4.4. Emerging Trends in the Modified Epoxy Resin Industry
4.5. Industry Expert Perspectives
4.6. Analyst Recommendations & Conclusion
Chapter 5. Global Modified Epoxy Resin Market Size & Forecast by Product Type (2024-2034)
5.1. Segment Dashboard
5.2. Global Modified Epoxy Resin Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
5.2.1. Solvent-Based Modified Epoxy Resins
5.2.2. Water-Based Modified Epoxy Resins
Chapter 6. Global Modified Epoxy Resin Market Size & Forecast by Application (2024-2034)
6.1. Segment Dashboard
6.2. Global Modified Epoxy Resin Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
6.2.1. Building & Construction
6.2.2. Automotive
6.2.3. Aerospace
6.2.4. Marine
6.2.5. Others
Chapter 7. Global Modified Epoxy Resin Market Size & Forecast by Region (2024-2034)
7.1. North America
7.1.1. U.S.
7.1.2. Canada
7.1.3. Mexico
7.2. Europe
7.2.1. Germany
7.2.2. UK
7.2.3. France
7.2.4. Italy
7.2.5. Spain
7.2.6. Rest of Europe
7.3. Asia Pacific
7.3.1. China
7.3.2. India
7.3.3. Japan
7.3.4. South Korea
7.3.5. Australia
7.3.6. Rest of Asia Pacific
7.4. Latin America
7.4.1. Brazil
7.4.2. Argentina
7.4.3. Rest of Latin America
7.5. Middle East & Africa
7.5.1. Saudi Arabia
7.5.2. UAE
7.5.3. South Africa
7.5.4. Rest of Middle East & Africa
Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Olin Corporation
8.1.2. Hexion Inc.
8.1.3. Huntsman Corporation
8.2. Market Share Analysis of Major Players
8.3. Key Growth Strategies Adopted by Market Leaders
8.4. Company Profiles
Chapter 9. Research Process
9.1. Research Methodology
9.1.1. Data Mining
9.1.2. Market Estimation Techniques
9.1.3. Validation Process
9.1.4. Data Source & References
9.2. Research Attributes

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