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Report Overview

The global epoxy resin market attained a value of about USD 7.18 Billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 6.40% to reach nearly USD 13.35 Billion by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • In 2024, Huntsman Corporation launched Araldite® GY 40100, a conductive epoxy resin with 2 wt% MIRALON ® filler for electrically conductive materials compatible with epoxy systems.
  • In 2024, DIC Corporation announced the successful development of core technology related to a groundbreaking epoxy resin curing agent with high heat resistance over 200°C and recyclability.
  • In 2023, Kukdo Chemical developed a meaningful step toward sustainable growth by acquiring the certification of the Compliance Management System of ISO 37301.

Compound Annual Growth Rate

Value in USD Billion

6.4%

2025-2034


Epoxy Resin Market Outlook

*this image is indicative*

Global Epoxy Resin Market Report Summary Description Value
Base Year USD Billion 2024
Historical Period USD Billion 2018-2024
Forecast Period USD Billion 2025-2034
Market Size 2024 USD Billion 7.18
Market Size 2034 USD Billion 13.35
CAGR 2018-2024 Percentage XX%
CAGR 2025-2034 Percentage 6.40%
CAGR 2025-2034 - Market by Region Asia Pacific 7.4%
CAGR 2025-2034 - Market by Country India 8.1%
CAGR 2025-2034 - Market by Country China 7.3%
CAGR 2025-2034 - Market by Form Liquid 7.2%
CAGR 2025-2034 - Market by Application Electronic Encapsulation 7.4%
Market Share by Country 2024 Japan 4.4%

Epoxy Resin Market Growth

The main drivers of epoxy resin include high-performance industries, such as aerospace, automotive, and construction, which are exhibiting a growing demand for epoxy resins due to the high strength and durability they offer. The epoxy resin demand growth is further fueled by growing infrastructure projects and industrialization in emerging markets.

Improvement in the composite material sector, which is mainly served by the application of epoxy resins to improve their mechanical properties, is another important reason for market growth. Not to forget that development and emphasis on sustainability play a very key role as well. Companies are forced to develop and innovate with low-emission and renewable resin options since regulatory pressures and consumer preference drive the call for greener solutions and thereby push the growth of the epoxy resin industry.

Key Trends and Recent Developments

Epoxy Resin Market Trends

The rising demand for convenience and processed food and beverages is increasing the demand for packaging in both developed and emerging countries. Epoxy resins are used in the internal coatings of cans to enhance the shelf life of canned food and beverage products. They are also used to protect and preserve the taste, texture, and colour of food and beverage products while preventing corrosion.

Moreover, the increasing use of glass packaging is significantly contributing to the epoxy resin market value  as it uses epoxy resin to prevent corrosion in jars and bottles. The introduction of various stringent policies regarding food safety by several governments is increasing the use of epoxy resin, further fuelling the growth of the market.

Increasing research regarding bio-based epoxy resins is expected to aid the market growth. Moreover, the development of bio-based epoxy resins derived from natural polyphenols and natural oils with high mechanical properties as petroleum-based adhesives is anticipated to invigorate the industry growth. The potential use of bio-based epoxy resins in the aviation industry as a substitute for petroleum-based materials is estimated to invigorate the market growth for epoxy resin. As per epoxy resin industry analysis, the increasing usage of such resins in the manufacturing of thermoplastics to create lightweight and sustainable materials is projected to augment growth.

Epoxy Resin Industry Segmentation

“Epoxy Resin Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

The major forms of epoxy resin are:

  • Solid
  • Liquid
  • Solution

The market can be broadly categorised based on its types into:

  • DGBEA (Bisphenol A and ECH)
  • DGBEF (Bisphenol F and ECH)
  • Novolac (Formaldehyde and Phenols)
  • Aliphatic (Aliphatic Alcohols)
  • Glycidylamine (Aromatic Amines and ECH)
  • Others

Based on application, the market is divided into:

  • Paints and Coatings 
  • Adhesives and Sealants
  • Composites
  • Electronic Encapsulation
  • Others

By end uses, the industry is classified into:

  • Building and Construction 
  • Transportation 
  • General Industrial
  • Consumer Goods
  • Wind Energy
  • Aerospace 
  • Marine

By region, the market is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

CAGR 2025-2034 - Market by Country
India 8.1%
China 7.3%
UK 5.9%
USA 5.7%
Germany 5.3%
Canada XX%
France XX%
Italy XX%
Japan 4.4%
Australia XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

Epoxy Resin Market Share

Excellent Mechanical Properties Of Epoxy Resins To Push Its Application In Composites

The demand for epoxy resins will relatively be high in the composites segment. The excellent mechanical properties of epoxy resins feature high strength, toughness, heat resistance, and chemical resistance, all very vital properties in advanced composite materials used in aerospace, automotive, construction, and other such industries.

This trend is thus driven by increasing demand for lightweight and high-performance materials, wherein epoxy resins enhance the structural integrity and performance of composites. The tailoring ability for particular applications has made them ideal to be applied in high-technology and high-demanding environments, tending to increase their prevalence in the composite market.

Epoxy Resins To Gain Prominence In Transportation To Reach Sustainability Standards

Increasing measures taken in the transportation industry to reduce carbon emissions are propelling epoxy resin industry revenue. Epoxy resin adhesives are increasingly used to make automobiles lighter as well as enhance their safety, durability, and efficiency. The rising demand for electric vehicles can also boost market growth as epoxy resins can be used to seal electric motors in electric cars and electric scooters.

For instance, Bayerische Motoren Werke AG (BMW) used a carbon-reinforced composite system using epoxy resin in its latest BMW7 as a lightweight replacement for traditional metals to reduce carbon footprints. This is expected to increase the use of epoxy resins to enhance heat transmission, corrosion protection, and electrical isolation in premium vehicles, therefore augmenting the epoxy resin demand.

Epoxy Resin Market Regional Analysis

Asia Pacific to Hold a Significant Share of the Epoxy Resin Industry

The epoxy resin industry in Asia Pacific region holds a significant share of the epoxy resin industry due to the robust growth of the construction industry. The increasing automotive production activities in the region are also increasing the demand for epoxy resin. Moreover, the expansion of the consumer electronics industry in countries such as India, China, South Korea, and Japan is further augmenting the industry growth.

Apart from this, North America is witnessing a rapid expansion owing to the increasing investments in the chemical industry in the United States, which is aiding the market growth. The rising demand for consumer goods in the region due to high per-capita income is also augmenting the growth of the industry. As the focus on renewable and clean energy is increasing the adoption of solar energy, epoxy resins are used as an adhesive in solar panels while protecting them from extreme weather conditions, consequently shaping up new epoxy resin market dynamics and trends.

Competitive Landscape

Key players in the global epoxy resin market are focused on innovation to bring evermore advanced and high-performance resins to aerospace and other huge industries, such as the automotive sector. They further underline more eco-friendly formulations for sustainability and regulatory requirements.

BASF SE

BASF SE provides epoxy resins for coatings, adhesives, and composites are a few products among the vast product line. This company originated in 1865 and is based in Ludwigshafen, Germany. It is the world leader with an innovative solution and vast product lines in the epoxy market.

Kukdo Chemical Co. Ltd.

Kukdo Chemical Co. Ltd. is a major player in the epoxy resin and hardeners market and provides vario...

Jiangsu Sanmu Group Co., Ltd.

Jiangsu Sanmu Group Co., Ltd. offers epoxy resins for coatings, adhesives, and electronic applicatio...

Hexion Inc.

Hexion Inc. offers a broad portfolio of epoxy resins and hardeners for adhesives, coatings, and comp...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other key players in the epoxy resin market report include BASF SE, Kukdo Chemical Co. Ltd., Jiangsu Sanmu Group Co., Ltd., Hexion Inc., Aditya Birla Chemicals, Chang Chun Group, among others.

Epoxy Resin Market Report Snapshots

Epoxy Resin Market Size

Epoxy Resin Market Share

Epoxy Resin Market Growth

Epoxy Resin Market Trends

Epoxy Resin Companies

Epoxy Resin Market Regional Analysis

*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.*

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Key Questions Answered in the Report

In 2024, the global epoxy resin market attained a value of nearly USD 7.18 Billion.

The epoxy resin market is projected to grow at a CAGR of 6.40% between 2025 and 2034.

The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach about USD 13.35 Billion by 2034.

The market is being driven by the thriving construction sector and the rising demand for canned packaging of food and beverages products.

The key trends in the market are the increasing use of epoxy resin in the automotive industry, rising demand for epoxy resin in aviation, and the increasing research and development for bio-based epoxy resin.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major forms of epoxy resin are solid, liquid, and solution.

The different types of epoxy resin in the market are DGBEA (bisphenol A and ECH), DGBEF (Bisphenol F and ECH), novolac (formaldehyde and phenols), aliphatic (aliphatic alcohols), and glycidylamine (aromatic amines and ECH), among others.

The significant applications in the global epoxy resin market are paints and coatings, adhesives and sealants, composites, and electronic encapsulation, among others.

The different end uses of epoxy resin are building and construction, transportation, general industrial, consumer goods, wind energy, aerospace, and marine.

The major players in the market are BASF SE, Kukdo Chemical Co. Ltd., Jiangsu Sanmu Group Co., Ltd., Hexion Inc., Aditya Birla Chemicals, and Chang Chun Group, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Form
  • Type
  • Application
  • End Use
  • Region
Breakup by Form
  • Solid
  • Liquid
  • Solution
Breakup by Type
  • DGBEA (Bisphenol A and ECH)
  • DGBEF (Bisphenol F and ECH)
  • Novolac (Formal Dehyde and Phenols)
  • Aliphatic (Aliphatic Alcohols)
  • Glycidylamine (Aromatic Amines and ECH)
  • Others
Breakup by Application
  • Paints and Coatings
  • Adhesives and Sealants
  • Composites
  • Electronic Encapsulation
  • Others
Breakup by End Use
  • Building and Construction
  • Transportation
  • General Industrial
  • Consumer Goods
  • Wind Energy
  • Aerospace
  • Marine
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • BASF SE
  • Kukdo Chemical Co. Ltd.
  • Jiangsu Sanmu Group Co., Ltd.
  • Hexion Inc.
  • Aditya Birla Chemicals
  • Chang Chun Group
  • Others
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