Epoxy Resin Procurement Intelligence Report 2025-2030

Epoxy Resin Supply-Demand Overview

According to the epoxy resin procurement market report, key demand drivers include the growing use of epoxy resins in the automotive and aerospace industries for lightweight, high-strength composite materials and category management. The increasing need for high-performance coatings in sectors such as construction, industrial machinery, electronics, and services, along with the marine and wind energy industries, is also contributing to market growth. Additionally, the rise of consumer electronics and electrical appliances, particularly in the Asia-Pacific region, has further fueled demand for epoxy resins by the buyers, used in printed circuit boards (PCBs) and other electronic components.

Market research for procurement professionals indicates that the Asia-Pacific region is a dominant player in the epoxy resin market, with China, Japan, and India leading in both production and consumption. China is the leading consumer of epoxy resins, primarily due to its large manufacturing base in industries like construction, automotive, and electronics, which is driving pricing strategies. Furthermore, the growth of the renewable energy sector, particularly wind turbines, is increasing the demand for epoxy resins in the production of composite materials for turbine blades.

Sustainability and pricing trends are also influencing the epoxy resin market, with a growing emphasis on bio-based and low-emission epoxy formulations, as per the epoxy resin procurement report. As environmental regulations become stricter globally, there is increasing focus on developing eco-friendly, non-toxic, and more sustainable resin systems. Manufacturers are investing in innovations to minimize the environmental impact of epoxy production, such as the use of renewable feedstocks and advanced curing technologies, which play a role in negotiation strategies.

The epoxy resin procurement report also highlights the expansion of production capacities, particularly in China and other emerging economies in Asia, to meet rising demand. However, challenges like fluctuating raw material prices (especially epichlorohydrin and bisphenol-A), volatility in energy costs, pricing trends, and regulatory pressures related to hazardous substances may affect market stability. The ongoing global shift toward green chemistry and sustainability is expected to continue driving innovation in services, pricing strategies, and investments in the epoxy resin industry, potentially reshaping supply and demand dynamics. 

Epoxy Resin Cost Structure

According to the epoxy resin procurement report, the cost modeling of epoxy resin production is influenced by several key factors, including raw materials, energy, catalysts, operational costs, and regulatory compliance. Raw materials and equipment make up the largest share of production expenses. Epichlorohydrin (ECH), a key feedstock, plays a significant role in determining production costs, as its price is closely linked to the dynamics of the chlorine and propylene industries. Bisphenol-A (BPA), another essential component, has a notable impact on pricing models and is affected by fluctuations in the phenol and acetone markets. Additionally, energy consumption during the polymerization process contributes to overall sourcing and production costs, as indicated by procurement research.

Epoxy Resin Pricing Trends

Epoxy resin sourcing is mainly impacted by changes in raw material costs, energy prices, services, and supply-demand fluctuations. Key raw materials like bisphenol-A (BPA) and epichlorohydrin play a significant role in determining pricing trends. These feedstocks are closely tied to the global petrochemical industry, as they are derived from crude oil and natural gas. As a result, price volatility in oil and gas often leads to fluctuations in pricing models and negotiations strategies.

According to the epoxy resin procurement report, in recent years, epoxy resin prices have been under upward pressure, primarily driven by rising demand in industries like automotive, construction, electronics, and wind energy, especially in the Asia-Pacific region, which continues to be the largest demand generator. As the need for high-performance coatings, adhesives, and composite materials grows particularly in aerospace and electronics resin producers have struggled to keep up with demand. Additionally, supply chain disruptions, including raw material shortages, logistical challenges, and negotiation strategies, have further contributed to price increases.

Epoxy Resin Procurement Best Practices

According to the epoxy resin procurement report, procurement practices in the epoxy resin industry focus on securing consistent, high-quality supply chains while managing costs and addressing supply risks. Given the importance of raw materials like bisphenol-A (BPA) and epichlorohydrin, procurement strategies prioritize securing reliable and cost-effective sources for these feedstocks, often through long-term agreements with suppliers. This helps mitigate the price volatility linked to fluctuations in crude oil and natural gas, which directly impact the pricing trends of these materials.

To maintain a stable supply, companies in the epoxy resin industry frequently diversify their supplier base across various regions, minimizing dependence on any single sector. This regional diversification helps protect against local disruptions, such as supply chain delays, pricing strategies, geopolitical tensions, or logistical challenges, as stated in the epoxy resin procurement report. Given the global scope of the industry, many companies also collaborate with multiple suppliers for both raw materials and finished epoxy resins, ensuring they can balance regional production capacities with shifting demand.

Key Players in the Epoxy Resin Industry

Recent Developments in the Epoxy Resin Procurement Report

• In October 2023, Robnor ResinLab, leading formulator of epoxy and polyurethane resin systems, announced the launch of their new bio-based epoxy resin PX806C.
• In April 2024, Westlake Corporation (NYSE: WLK) announced that its subsidiary Westlake Epoxy launched several new lower yellowing epoxy products. As per the epoxy resin procurement report, this includes Deep Pour Lower Yellowing Epoxy System which is Epoxy Research Resin RSL-4710 combined with Research Curing Agent RSC-4731. 
• In July 2024, Chinese state-owned chemical company Sinochem International launched a high-performance epoxy resin solution to solve the problem of hydrogen storage and transportation.