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Epoxy Resin Market Report by Type (DGBEA (Bisphenol A and ECH), DGBEF (Bisphenol F and ECH), Novolac (Formaldehyde and Phenols), Aliphatic (Aliphatic Alcohols), Glycidylamine (Aromatic Amines and ECH), and Others), Form (Solid, Liquid, Solution), Application (Paints and Coatings, Adhesives and Sealants, Composites, Electronic Encapsulation, and Others), End Use Industry (Building and Construction, Transportation, General Industrial, Consumer Goods, Wind Energy, Aerospace, Marine), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A54
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Market Overview:
The global epoxy resin market size reached US$ 13.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 22.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.63% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 13.7 Billion |
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Market Forecast in 2032
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US$ 22.7 Billion |
| Market Growth Rate (2024-2032) | 5.63% |
Epoxy resin or polyepoxides refers to a type of reactive polymer that is derived from petroleum sources containing epoxide groups. They are commonly available in aliphatic alcohols, novolac (formaldehyde and phenols) and glycidyl amine (aromatic amines and ECH) variants. They are commonly incorporated in electronic encapsulation, paints and coating, composites, wind turbines, adhesives, and sealants. Epoxy resins exhibit various properties, such as high thermal stability, prolonged durability, superior mechanical strength and adhesion, and resistance to chemicals and moisture. They also provide enhanced performance and have the ability to adapt to any application. As a result, epoxy resin finds extensive application across marine, transportation, wind energy, aerospace, building and construction industries.
Epoxy Resin Market Trends:
The increasing demand for paints and coatings across the globe is driving the growth of the market. Epoxy resins are widely used as binders for coating applications as they provide high resistance to corrosion and enhance the durability of coating or primers for metal and floor applications. In line with this, the widespread adoption of epoxy powder coatings in dryers, washers, water transmission pipelines, steel pipes and fittings are further contributing to the market growth. Additionally, the introduction of biobased and eco-friendly epoxy resins manufactured from natural and sustainable resins due to the rising environmental consciousness among consumers is providing an impetus to the market growth. Apart from this, the widespread product adoption in the automotive industry due to the increasing demand for lightweight composite materials for enhancing strength, flexibility and reducing vehicle weight is positively impacting the market growth. Apart from this, significant growth in the construction industry and the increasing demand for electrical and electronic devices, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global epoxy resin market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type, form, application and end use industry.
Breakup by Type:
- DGBEA (Bisphenol A and ECH)
- DGBEF (Bisphenol F and ECH)
- Novolac (Formaldehyde and Phenols)
- Aliphatic (Aliphatic Alcohols)
- Glycidylamine (Aromatic Amines and ECH)
- Others
Breakup by Form:
- Solid
- Liquid
- Solution
Breakup by Application:
- Paints and Coatings
- Adhesives and Sealants
- Composites
- Electronic Encapsulation
- Others
Breakup by End Use Industry:
- Building and Construction
- Transportation
- General Industrial
- Consumer Goods
- Wind Energy
- Aerospace
- Marine
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aditya Birla Group Chemicals, Atul Ltd., BASF SE, Chang Chun Group, Covestro AG, Daicel Corporation, Dupont De Nemours Inc., Hexion Holdings Corporation, Huntsman International LLC, Kukdo Chemicals Co. Ltd., Nan Ya Plastics Corporation, Olin Corporation and Sika AG.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Type, Form, Application, End Use Industry, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Aditya Birla Group Chemicals, Atul Ltd., BASF SE, Chang Chun Group, Covestro AG, Daicel Corporation, Dupont De Nemours Inc., Hexion Holdings Corporation, Huntsman International LLC, Kukdo Chemicals Co. Ltd., Nan Ya Plastics Corporation, Olin Corporation and Sika AG |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global epoxy resin market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global epoxy resin market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the form?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global epoxy resin market and who are the key players?
- What is the degree of competition in the industry?
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