Industry Statistics

Epoxy Resin Market: Supply, Production, Demand Analysis By Physical Form: Solid, Liquid, Solution; Demand Analysis By End Use: Paints and Coatings, Adhesives and Sealants, Composites, Others; Regional Analysis; Supply Demand Gap By Region; Growth Opportunities and Strategic Analysis; Competitive Landscape; 2024-2032

Name: Epoxy Resin Market Outlook, Supply, Demand Analysis | 2032
Creator: Claight Corporation - Expert Market Research
License: https://www.expertmarketresearch.com/privacy-policy
Keywords: Epoxy Resin Market

Epoxy Resin Market

Epoxy resins, also referred to as polyepoxides, are a class of reactive prepolymers and polymers with epoxide groups attached to it. Epoxy resin is classified as a thermosetting resin that is widely used in construction, aerospace, automotive, and many other industries. The popularity of the polymer can be attributed to its mechanical properties, chemical resistance, thermal properties, and adhesive strength.

Global Supply/Demand Outlook

The global epoxy resin market stood at a volume of around 3,400 KT in 2023. The market is projected to grow at a CAGR of 3.50% between 2024 and 2032 to reach a volume of about 4,580.1 KT by 2032. Paints and coatings is the leading application of epoxy resins, accounting for nearly 47% of the market value. One of the key factors propelling the epoxy resin market is the growing demand for paint and coating solutions from the residential construction sector and the growing demand for protective coatings from the industrial sector. Epoxy-based coatings are commonly used in the building and construction sector to enhance the strength and durability of concrete surfaces.

Additionally, epoxy resins are the most common thermosetting polymer employed in aircraft components and structures. This can be attributed to their high strength and toughness, durability in hot and moist conditions, reduced shrinkage and lower release of volatiles during curing. The diverse applications and versatility of epoxy resins contribute to their growing demand from diverse industries.

The global capacity of epoxy resin was about 5,100.0 KT in the year 2023. It is estimated to reach around 6,110.0 KT by 2032. Asia Pacific holds the major share of epoxy resin capacities representing around 65% of the global production capacity. The plant capacity utilisation of epoxy resin stood at 66.70% in 2023.

Regional Market Analysis

The electrical and electronics sector of the Asia Pacific region is a significant consumer of epoxy resins. North America and Europe are other significant markets. In North American countries like the United States, the demand for advanced materials and aerospace composites is expected to continue to grow, supported by the presence of leading aircraft manufacturers like Boeing and Lockheed Martin, thereby driving the market for epoxy resins.

Key Market Players

The top five manufacturers of epoxy resins are Guido Chemical, Olin Corporation, Hexion Inc., Jiangsu Sanmu Group, and Huntsman International LLC. Among these, Guido Chemical is the world's leading manufacturer of epoxy resins and holds approximately 12.3% of the overall epoxy resins capacity. As of March 2022, South Korea-based Guido Chemical had a production capacity of around 630,000 tonnes.

Other players in the market are Nan Ya Plastic Corporation, 3M Company, BASF SE, Aditya Birla Chemicals, Kukdo Chemical Co., Ltd., Daicel Corporation, and NAMA Chemicals. In 2018, Kukdo Chemical India announced that the company is awaiting green nod for its epoxy resins unit, scheduled to be operational by April 2019. Post-COVID-19, the company improved profits by enhancing the sales of its high value-added offerings like eco-friendly products, along with other strategies.

Key Questions Answered in the Report:

What are the high-growth opportunities and markets for epoxy resin by end use and region?

What are the different forms of epoxy resin available by region?

Which segments and regions are projected to grow at a faster pace and why in the epoxy resin market?

What is the nameplate capacity of epoxy resin by region from 2018 to 2032?

How does the plant capacity utilisation of epoxy resin vary by region between 2018 and 2032?

Who are the major players in the epoxy resin market by capacity and region?

What major plant shutdowns and expansions have occurred in the epoxy resin market in the last year and the last quarter?

What major plant shutdowns and expansions are planned in the epoxy resin market over the next year and quarters?

How did export and import dynamics of epoxy resin vary by region in terms of value between 2018 and 2023?

How did export and import dynamics of epoxy resin vary by region in terms of volume between 2018 and 2023?

What impacts have shutdowns, force majeure events, and plant closures had on demand and pricing of epoxy resin?

What are the environmental considerations and regulatory impacts affecting the epoxy resin market?

What technological innovations are having an impact on the production and application of epoxy resin?

What are the key trends and innovations in the epoxy resin market?

What are the challenges and opportunities faced by epoxy resin manufacturers?

What are the potential risks and barriers to entry for new players in the epoxy resin market?

What strategic investments and expansions have major players made in the epoxy resin market?

How are geopolitical factors and international trade policies affecting the global epoxy resin market?

What are the price trends for epoxy resin, and how are they expected to change?

How does the supply chain of epoxy resin operate, and what are its key components?

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Key Assumptions
4   Global Epoxy Resin Market Analysis, In Volume (Thousand Tonnes)
   4.1   Global Epoxy Resin Historical Market (2018-2023)
   4.2   Global Epoxy Resin Market Forecast (2024-2032)
   4.3   Global Epoxy Resin Market Supply Analysis, By Physical Form
       4.3.1   Solid
           4.3.1.1   Company Wise Name Plate Capacity (2018-2032)
       4.3.2   Liquid
           4.3.2.1   Company Wise Name Plate Capacity (2018-2032)
       4.3.3   Solution
           4.3.3.1   Company Wise Name Plate Capacity (2018-2032)
   4.4   Global Epoxy Resin Market Production Analysis, By Physical Form
       4.4.1   Solid
           4.4.1.1   Production (2018-2032)
       4.4.2   Liquid
           4.4.2.1   Production 2018-2032)
       4.4.3   Solution
           4.4.3.1   Production 2018-2032)
   4.5   Global Epoxy Resin Market Demand Analysis, By Physical Form
       4.5.1   Solid
           4.5.1.1   Demand Analysis and Forecast (2018-2032)
       4.5.2   Liquid
           4.5.2.1   Demand Analysis and Forecast (2018-2032)
       4.5.3   Solution
           4.5.3.1   Demand Analysis and Forecast (2018-2032)
   4.6   Global Epoxy Resin Market Demand Analysis, by End Use
       4.6.1   Paints and Coatings
           4.6.1.1   Demand Analysis and Forecast (2018-2032)
       4.6.2   Adhesives and Sealants
           4.6.2.1   Demand Analysis and Forecast (2018-2032)
       4.6.3   Composites
           4.6.3.1   Demand Analysis and Forecast (2018-2032)
       4.6.4   Others
   4.7   Global Epoxy Resin Market by Region
       4.7.1   North America
           4.7.1.1   Demand Analysis and Forecast (2018-2032)
           4.7.1.2   Market by Physical Form (2018-2032)
           4.7.1.3   Market by End Use (2018-2032)
       4.7.2   Europe
           4.7.2.1   Demand Analysis and Forecast (2018-2032)
           4.7.2.2   Market by Physical Form (2018-2032)
           4.7.2.3   Market by End Use (2018-2032)
       4.7.3   Asia Pacific
           4.7.3.1   Demand Analysis and Forecast (2018-2032)
           4.7.3.2   Market by Physical Form (2018-2032)
           4.7.3.3   Market by End Use (2018-2032)
       4.7.4   Latin America
           4.7.4.1   Demand Analysis and Forecast (2018-2032)
           4.7.4.2   Market by Physical Form (2018-2032)
           4.7.4.3   Market by End Use (2018-2032)
       4.7.5   Middle East and Africa
           4.7.5.1   Demand Analysis and Forecast (2018-2032)
           4.7.5.2   Market by Physical Form (2018-2032)
           4.7.5.3   Market by End Use (2018-2032)
   4.8   Global Epoxy Resin Supply Demand Gap, By Region
       4.8.1   North America
           4.8.1.1   Demand-Supply Gap Analysis and Forecast (2018-2032)
       4.8.2   Europe
           4.8.2.1   Demand-Supply Gap Analysis and Forecast (2018-2032)
       4.8.3   Asia Pacific
           4.8.3.1   Demand-Supply Gap Analysis and Forecast (2018-2032)
       4.8.4   Latin America
           4.8.4.1   Demand-Supply Gap Analysis and Forecast (2018-2032)
       4.8.5   Middle East and Africa
           4.8.5.1   Demand-Supply Gap Analysis and Forecast (2018-2032)
5   North America Epoxy Resin Market Analysis
   5.1   United States of America
       5.1.1   Demand Analysis and Forecast (2018-2032)
       5.1.2   Demand Supply Gap
   5.2   Canada
       5.2.1   Demand Analysis and Forecast (2018-2032)
       5.2.2   Demand Supply Gap
6   Europe Epoxy Resin Market Analysis
   6.1   Germany
       6.1.1   Demand Analysis and Forecast (2018-2032)
       6.1.2   Demand Supply Gap
   6.2   UK
       6.2.1   Demand Analysis and Forecast (2018-2032)
       6.2.2   Demand Supply Gap
   6.3   France
       6.3.1   Demand Analysis and Forecast (2018-2032)
       6.3.2   Demand Supply Gap
   6.4   Italy
       6.4.1   Demand Analysis and Forecast (2018-2032)
       6.4.2   Demand Supply Gap
   6.5   Spain
       6.5.1   Demand Analysis and Forecast (2018-2032)
       6.5.2   Demand Supply Gap
   6.6   Others
7   Asia Pacific Epoxy Resin Market Analysis
   7.1   China
       7.1.1   Demand Analysis and Forecast (2018-2032)
       7.1.2   Demand Supply Gap
   7.2   Japan
       7.2.1   Demand Analysis and Forecast (2018-2032)
       7.2.2   Demand Supply Gap
   7.3   India
       7.3.1   Demand Analysis and Forecast (2018-2032)
       7.3.2   Demand Supply Gap
   7.4   South Korea
       7.4.1   Demand Analysis and Forecast (2018-2032)
       7.4.2   Demand Supply Gap
   7.5   ASEAN
       7.5.1   Demand Analysis and Forecast (2018-2032)
       7.5.2   Demand Supply Gap
   7.6   Australia
       7.6.1   Demand Analysis and Forecast (2018-2032)
       7.6.2   Demand Supply Gap
   7.7   Others
8   Latin America Epoxy Resin Market Analysis
   8.1   Brazil
       8.1.1   Demand Analysis and Forecast (2018-2032)
       8.1.2   Demand Supply Gap
   8.2   Argentina
       8.2.1   Demand Analysis and Forecast (2018-2032)
       8.2.2   Demand Supply Gap
   8.3   Mexico
       8.3.1   Demand Analysis and Forecast (2018-2032)
       8.3.2   Demand Supply Gap
   8.4   Others
9   Middle East and Africa Epoxy Resin Market Analysis
   9.1   Saudi Arabia
       9.1.1   Demand Analysis and Forecast (2018-2032)
       9.1.2   Demand Supply Gap
   9.2   United Arab Emirates
       9.2.1   Demand Analysis and Forecast (2018-2032)
       9.2.2   Demand Supply Gap
   9.3   Nigeria
       9.3.1   Demand Analysis and Forecast (2018-2032)
       9.3.2   Demand Supply Gap
   9.4   South Africa
       9.4.1   Demand Analysis and Forecast (2018-2032)
       9.4.2   Demand Supply Gap
   9.5   Others
10   Growth Opportunities and Strategic Analysis
   10.1   Supply Chain Analysis and Its Component
   10.2   Capacity Expansions, Plant Shutdowns, Force Majeure Events, and Plant Closures in the Last One Year and the Last one Quarter
   10.3   Capacity Expansions, Plant Shutdowns, Force Majeure Events, and Plant Closures in Next One Year and the Next one
   10.4   Impact Analysis in Price and Demand after Force Majeure Events, and Plant Closures
   10.5   Environmental Considerations and Government Regulations
   10.6   Technology Innovation and Its Impact on Production and Application
   10.7   Challenges and Opportunities Faced by Existing Manufacturers
   10.8   Potential Risks and Barriers to Entry for New Players
11   Competitive Landscape
   11.1   Market Structure
   11.2   Company Profiles
       11.2.1   Guido Chemical
           11.2.1.1   Company Overview
           11.2.1.2   Product Portfolio and Major Grades
           11.2.1.3   Capacity by Location
           11.2.1.4   Expansion Plan
           11.2.1.5   Major Consumers
           11.2.1.6   Revenue from POI
           11.2.1.7   Technological Innovation and Sustainability
       11.2.2   Olin Corporation
           11.2.2.1   Company Overview
           11.2.2.2   Product Portfolio and Major Grades
           11.2.2.3   Capacity by Location
           11.2.2.4   Expansion Plan
           11.2.2.5   Major Consumers
           11.2.2.6   Revenue from POI
           11.2.2.7   Technological Innovation and Sustainability
       11.2.3   Hexion Inc.
           11.2.3.1   Company Overview
           11.2.3.2   Product Portfolio and Major Grades
           11.2.3.3   Capacity by Location
           11.2.3.4   Expansion Plan
           11.2.3.5   Major Consumers
           11.2.3.6   Revenue from POI
           11.2.3.7   Technological Innovation and Sustainability
       11.2.4   Huntsman Corporation
           11.2.4.1   Company Overview
           11.2.4.2   Product Portfolio and Major Grades
           11.2.4.3   Capacity by Location
           11.2.4.4   Expansion Plan
           11.2.4.5   Major Consumers
           11.2.4.6   Revenue from POI
           11.2.4.7   Technological Innovation and Sustainability
       11.2.5   Jiangsu Sanmu Group
           11.2.5.1   Company Overview
           11.2.5.2   Product Portfolio and Major Grades
           11.2.5.3   Capacity by Location
           11.2.5.4   Expansion Plan
           11.2.5.5   Major Consumers
           11.2.5.6   Revenue from POI
           11.2.5.7   Technological Innovation and Sustainability
       11.2.6   Nan Ya Plastic Corporation
           11.2.6.1   Company Overview
           11.2.6.2   Product Portfolio and Major Grades
           11.2.6.3   Capacity by Location
           11.2.6.4   Expansion Plan
           11.2.6.5   Major Consumers
           11.2.6.6   Revenue from POI
           11.2.6.7   Technological Innovation and Sustainability
       11.2.7   Aditya Birla Chemicals
           11.2.7.1   Company Overview
           11.2.7.2   Product Portfolio and Major Grades
           11.2.7.3   Capacity by Location
           11.2.7.4   Expansion Plan
           11.2.7.5   Major Consumers
           11.2.7.6   Revenue from POI
           11.2.7.7   Technological Innovation and Sustainability
       11.2.8   Kukdo Chemical Co., Ltd.
       11.2.8.1 Company Overview
           11.2.8.2   Product Portfolio and Major Grades
           11.2.8.3   Capacity by Location
           11.2.8.4   Expansion Plan
           11.2.8.5   Major Consumers
           11.2.8.6   Revenue from POI
           11.2.8.7   Technological Innovation and Sustainability
       11.2.9   Daicel Corporation
           11.2.9.1   Company Overview
           11.2.9.2   Product Portfolio and Major Grades
           11.2.9.3   Capacity by Location
           11.2.9.4   Expansion Plan
           11.2.9.5   Major Consumers
           11.2.9.6   Revenue from POI
           11.2.9.7   Technological Innovation and Sustainability
       11.2.10   NAMA Chemicals
           11.2.10.1   Company Overview
           11.2.10.2   Product Portfolio and Major Grades
           11.2.10.3   Capacity by Location
           11.2.10.4   Expansion Plan
           11.2.10.5   Major Consumers
           11.2.10.6   Revenue from POI
           11.2.10.7   Technological Innovation and Sustainability
12   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Epoxy Resin Market: Key Industry Highlights, 2018 and 2032
2.   Global Epoxy Resin Market Supply Analysis: Breakup by Physical Form (Thousand Tonnes), 2018-2032
3.   Global Epoxy Resin Market Production Analysis: Breakup by Physical Form (Thousand Tonnes), 2018-2032
4.   Global Epoxy Resin Market Demand Analysis: Breakup by Physical Form (Thousand Tonnes), 2018-2032
5.   Global Epoxy Resin Market Demand Analysis: Breakup by End Use (Thousand Tonnes), 2018-2032
6.   Global Epoxy Resin Market Demand Analysis: Breakup by Region (Thousand Tonnes), 2018-2032
7.   Global Epoxy Resin Market Supply Demand Gap: Breakup by Region (Thousand Tonnes), 2018-2032
8.   North America Epoxy Resin Market Demand Analysis: Breakup by Physical Form (Thousand Tonnes), 2018-2032
9.   North America Epoxy Resin Market Demand Analysis: Breakup by End Use (Thousand Tonnes), 2018-2032
10.   North America Epoxy Resin Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
11.   North America Epoxy Resin Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
12.   Europe Epoxy Resin Market Demand Analysis: Breakup by Physical Form (Thousand Tonnes), 2018-2032
13.   Europe Epoxy Resin Market Demand Analysis: Breakup by End Use (Thousand Tonnes), 2018-2032
14.   Europe Epoxy Resin Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
15.   Europe Epoxy Resin Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
16.   Asia Pacific Epoxy Resin Market Demand Analysis: Breakup by Physical Form (Thousand Tonnes), 2018-2032
17.   Asia Pacific Epoxy Resin Market Demand Analysis: Breakup by End Use (Thousand Tonnes), 2018-2032
18.   Asia Pacific Epoxy Resin Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
19.   Asia Pacific Epoxy Resin Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
20.   Latin America Epoxy Resin Market Demand Analysis: Breakup by Physical Form (Thousand Tonnes), 2018-2032
21.   Latin America Epoxy Resin Market Demand Analysis: Breakup by End Use (Thousand Tonnes), 2018-2032
22.   Latin America Epoxy Resin Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
23.   Latin America Epoxy Resin Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
24.   Middle East and Africa Epoxy Resin Market Demand Analysis: Breakup by Physical Form (Thousand Tonnes), 2018-2032
25.   Middle East and Africa Epoxy Resin Market Demand Analysis: Breakup by End Use (Thousand Tonnes), 2018-2032
26.   Middle East and Africa Epoxy Resin Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
27.   Middle East and Africa Epoxy Resin Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
28.   Global Epoxy Resin Market Structure

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