Epoxy Resin Market Size, Share & Trends Analysis Report By Application (Paints & Coatings, Wind Turbines), By Region (North America, Europe), And Segment Forecasts, 2024 - 2030

Epoxy Resin Market Size, Share & Trends Analysis Report By Application (Paints & Coatings, Wind Turbines), By Region (North America, Europe), And Segment Forecasts, 2024 - 2030


Epoxy Resin Market Growth & Trends

The global epoxy resin market size is expected to reach USD 16.87 billion by 2030, registering a CAGR of 6.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. 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 led the market and accounted for a 37.41% revenue share in 2023.
  • The construction application is expected to grow at the fastest CAGR of 7.3% 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 region dominated the global market and accounted for the largest revenue share of 59.11% in 2023 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.
Please note The report will be delivered in 2-3 business days upon order notification.


Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR’s 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, 2023
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, 2018 - 2030
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 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 Force 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, 2023 & 2030
4.2 Paints & Coatings
4.2.1 Epoxy Resin market estimates and forecasts, by paints & coatings, 2018 - 2030 (Kilotons) (USD Million)
4.3 Wind Turbines
4.3.1 Epoxy Resin market estimates and forecasts, by wind turbine, 2018 - 2030 (Kilotons) (USD Million)
4.4 Composites
4.4.1 Epoxy Resin market estimates and forecasts, by composites, 2018 - 2030 (Kilotons) (USD Million)
4.5 Construction
4.5.1 Epoxy Resin market estimates and forecasts, by construction, 2018 - 2030 (Kilotons) (USD Million)
4.6 Electrical & Electronics
4.6.1 Epoxy Resin market estimates and forecasts, by electrical & electronics, 2018 - 2030 (Kilotons) (USD Million)
4.7 Adhesives
4.7.1 Epoxy Resin market estimates and forecasts, by adhesives, 2018 - 2030 (Kilotons) (USD Million)
4.8 Others
4.8.1 Epoxy Resin market estimates and forecasts, by other applications, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5 Epoxy Resin Market: Regional Estimates & Trend Analysis
5.1 Epoxy Resin Market: Region Movement Analysis & Market Share, 2023 & 2030
5.2 North America
5.2.1 North America epoxy resin market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.2.2 North America epoxy resin market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.2.3 U.S.
5.2.3.1 U.S. epoxy resin market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.2.3.2 U.S. epoxy resin market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.3 Europe
5.3.1 Europe epoxy resin market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.3.2 Europe epoxy resin market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.3.3 Germany
5.3.3.1 Germany epoxy resin market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.3.3.2 Germany epoxy resin market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.3.4 France
5.3.4.1 France epoxy resin market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.3.4.2 France epoxy resin market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.3.5 UK
5.3.5.1 UK epoxy resin market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.3.5.2 UK epoxy resin market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.4 Asia Pacific
5.4.1 Asia Pacific epoxy resin market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4.2 Asia Pacific epoxy resin market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.4.3 China
5.4.3.1 China epoxy resin market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4.3.2 China epoxy resin market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.4.4 India
5.4.4.1 India epoxy resin market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4.4.2 India epoxy resin market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.4.5 Japan
5.4.5.1 Japan epoxy resin market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4.5.2 Japan epoxy resin market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.4.6 Taiwan
5.4.6.1 Taiwan epoxy resin market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4.6.2 Taiwan epoxy resin market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.4.7 South Korea
5.4.7.1 South Korea epoxy resin market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4.7.2 South Korea epoxy resin market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.5 Central & South America
5.5.1 Central & South America epoxy resin market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.5.2 Central & South America epoxy resin market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.6 Middle East & Africa
5.6.1 Middle East & Africa epoxy resin market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.6.2 Middle East & Africa epoxy resin market estimates and forecasts, by application, 2018 - 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
7.1.4 Strategic Initiatives
7.2 Aditya Birla Management Corporation Pvt. Ltd.
7.2.1 Company overview
7.2.2 Financial Performance
7.2.3 Product Benchmarking
7.2.4 Strategic Initiatives
7.3 Atul Ltd
7.3.1 Company Overview
7.3.2 Financial Performance
7.3.3 Product Benchmarking
7.3.4 Strategic Initiatives
7.4 BASF SE
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Product Benchmarking
7.4.4 Strategic Initiatives
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
7.8.4 Strategic Initiatives
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
7.10.4 Strategic Initiatives
7.11 Jiangsu Sanmu Group Co., Ltd.
7.11.1 Company Overview
7.11.2 Financial Performance
7.11.3 Product Benchmarking
7.11.4 Strategic Initiatives
7.12 Jubail Chemical Industries LLC
7.12.1 Company Overview
7.12.2 Financial Performance
7.12.3 Product Benchmarking
7.12.4 Strategic Initiatives
7.13 China Petrochemical & Chemical Corporation (SINOPEC)
7.13.1 Company Overview
7.13.2 Financial Performance
7.13.3 Product Benchmarking
7.13.4 Strategic Initiatives
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
7.15.4 Strategic Initiatives
7.16 Techstorm
7.16.1 Company Overview
7.16.4 Financial Performance
7.16.2 Product benchmarking
7.16.4 Strategic Initiatives
7.17 NAGASE & CO., LTD.
7.17.1 Company Overview
7.17.2 Financial Performance
7.17.3 Product Benchmarking
7.17.4 Strategic Initiatives

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