Epoxy Resin Market – By Form (Solid, Unmodified Liquid, Modified Liquid, and Solution), By Formulation (One Part Epoxy Resin, and Two Part Epoxy Resin), By Raw Material (DGBEA (Bisphenol A and ECH), DGBEF (Bisphenol F and ECH), Novolac (Formaldehyde and Phenols), Aliphatic (Aliphatic Alcohols), Glycidylamine (Aromatic Amines and ECH), and Others), By Application (Paints & Coatings, Adhesives & Sealants, Composites, Primers & Sealers, Electrical Laminates, and Others), By End-Use Industry (Building & Construction [Decks, Walls, Roofs, Decorative Flooring, Architectural Surfaces & Countertops, and Others], Aerospace [Gliders & Light Aircraft, Commercial Aircraft, Military Aircraft, and Others], Wind Power, Marine [Hull, Ballast tanks, Cargo tanks & holds, Decks, Topsides & Superstructures, and Others], Automotive [Chassis, Semi-Structural Parts, Body Exterior, and Others], Consumer Goods [Home appliances, Decorative furniture, Golf clubs, Sports & leisure products, Packaging, and Others], and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030

Report Code: CMR 0656 Report Format: PDF + Excel

Epoxy Resin Market Overview:

Epoxy Resin Market size is estimated to reach US$16.9 billion by 2030, growing at a CAGR of 4.7% during the forecast period 2024-2030. Increasing demand for lightweight and durable materials and Rising demand for sustainable products are expected to propel the growth of Epoxy Resin market.

Additionally, there's a rising demand for epoxy resin products with low VOC content and improved recyclability to meet stringent environmental regulations and address consumer preferences for sustainable materials. This reflects the industry's commitment to reducing its carbon footprint and adopting more environmentally responsible practices. There's a growing interest in functionalized epoxy resins that offer specific properties such as conductivity, self-healing capabilities, or antimicrobial properties, expanding the potential applications of epoxy resin in emerging sectors such as smart electronics and healthcare. This highlights the industry's focus on pushing the boundaries of epoxy resin technology to address the complex needs of modern industries and create value-added solutions.

Market Snapshot:  


Epoxy Resin Market - Report Coverage:

The “Epoxy Resin Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Epoxy Resin Market.



By Form

  • Solid

  • Unmodified Liquid

  • Modified Liquid

  • Solution

By Formulation

  • One Part Epoxy Resin

  • Two Part Epoxy Resin

By Raw Material

  • DGBEA (Bisphenol A and ECH)

  • DGBEF (Bisphenol F and ECH)

  • Novolac (Formaldehyde and Phenols)

  • Aliphatic (Aliphatic Alcohols)

  • Glycidylamine (Aromatic Amines and ECH)

  • Others

By Application

  • Paints & Coatings

  • Adhesives & Sealants

  • Composites

  • Primers & Sealers

  • Electrical Laminates

  • Others

By End-Use Industry

  • Building & Construction




  Decorative Flooring

Architectural Surfaces & Countertops


  • Aerospace

Gliders & Light Aircraft

Commercial Aircraft

Military Aircraft


  • Wind Power

  • Marine


Ballast tanks

Cargo tanks & holds


Topsides & Superstructures


  • Automotive


Semi-Structural Parts

Body Exterior


  • Consumer Goods

Home appliances

Decorative furniture

Golf clubs

Sports & leisure products



  • Others

By Geography

  • North America (U.S., Canada and Mexico)

    • Europe (Germany, France, UK, Italy, Spain, Netherlands and Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia and Rest of South America)

  • Rest of the World (Middle East and Africa).


COVID-19 / Ukraine Crisis - Impact Analysis:  

● During the COVID-19 pandemic, the epoxy resin market experienced significant disruptions and challenges. As lockdown measures were implemented and economic activities slowed down, demand for epoxy resin products fluctuated. Industries such as construction and manufacturing, which are major consumers of epoxy resin, faced delays and restrictions, leading to decreased demand for these materials. Supply chains were also disrupted, affecting the availability of raw materials and transportation logistics. Despite these challenges, there were pockets of resilience in certain sectors like healthcare, where epoxy resin is used in medical devices and equipment production. 

● In Ukraine, the Epoxy Resin sector also faced challenges due to geopolitical tensions and conflict in the region. The uncertain political environment and security concerns impacted business operations and investor confidence, contributing to market volatility. Infrastructure disruptions and logistical challenges further compounded the situation, affecting the production, distribution, and export of epoxy resin products. Despite these obstacles, some companies in the epoxy resin sector demonstrated resilience by diversifying their markets and adapting to the evolving geopolitical landscape. 

Key Takeaways:

● APAC Dominated the Market

Geographically, in the Epoxy Resin market share, the APAC region is analyzed to hold a dominant market share of 62% in 2023, Several factors contributed to APAC's dominance, including rapid industrialization, urbanization, and infrastructural development across countries like China, India, Japan, and South Korea. These nations not only witnessed burgeoning demand for epoxy resin in construction, manufacturing, automotive, and electronics sectors but also became key manufacturing hubs for epoxy resin and related products. China has the world's largest electronics production base and offers a tough competition to existing upstream producers, such as South Korea, Singapore, and Taiwan. Electronic products, such as smartphones, OLED TVs, and tablets, among others, have the highest growth in the consumer electronics segment of the market, in terms of demand. With increase in the disposable incomes of the middle-class population, the demand for electronic products is projected to increase steadily in the future.

● Paintings & Coatings is the fastest growing segment

In the Epoxy Resin market forecast, paintings & coatings segment is estimated to grow with a CAGR of 4.4% during the forecast period, due to increased demand for durable and high-performance coatings across various industries such as construction, automotive, and aerospace. Epoxy resin-based coatings offer excellent adhesion, corrosion resistance, and durability, making them ideal for protecting surfaces in harsh environments. Additionally, advancements in epoxy resin formulations have led to the development of coatings with enhanced properties, such as UV resistance and low volatile organic compound (VOC) content, further driving their adoption. The growing emphasis on sustainable and environmentally friendly coatings has also spurred the demand for epoxy resin-based solutions. As a result, the Paintings & Coatings segment has experienced robust growth, presenting lucrative opportunities for market players in the epoxy resin industry.

● Building & Construction to Hold Largest Market Share

According to the Epoxy Resin Market analysis, building & construction segment is estimated to hold the largest market share of 38% in 2023, due to the extensive use of epoxy resins in various construction applications such as adhesives, sealants, coatings, and concrete repair materials. Epoxy resins offer exceptional bonding strength, durability, chemical resistance, and weatherability, making them indispensable in construction projects ranging from infrastructure development to residential and commercial buildings. Moreover, the increasing emphasis on sustainable and energy-efficient construction practices has further boosted the demand for epoxy-based materials, which often contribute to LEED certification and green building standards. With ongoing urbanization, infrastructure development, and renovation activities worldwide, the building and construction sector continues to drive the growth of the epoxy resin market, maintaining its position as the leading segment.

● Increasing Demand for Lightweight and Durable Materials

Industries such as automotive, aerospace, and marine have been particularly affected by this trend. In the automotive sector, for instance, there's a growing need to reduce vehicle weight to improve fuel efficiency and lower emissions. Epoxy resins, with their excellent strength-to-weight ratio, offer a viable solution for lightweighting components without compromising on durability or performance. Similarly, in the aerospace industry, where every ounce saved translates to significant fuel savings, epoxy resin-based composites are favored for their high strength and lightweight properties, enabling the production of aircraft components that are both strong and fuel-efficient. Furthermore, in the marine industry, epoxy resin-based materials are used in boat building to create lightweight yet durable structures that enhance speed and maneuverability while withstanding harsh marine environments. As industries continue to prioritize lightweighting strategies to meet regulatory standards and consumer demands, the demand for epoxy resin-based materials is expected to remain strong, driving further growth in the market. 

● Rising Demand for Sustainable Products

With increasing awareness of environmental issues and a growing emphasis on corporate social responsibility, consumers and industries alike are seeking eco-friendly alternatives to traditional materials. Epoxy resins, particularly those derived from bio-based or renewable sources, have emerged as sustainable options that offer reduced environmental impact compared to conventional petroleum-based resins. Additionally, epoxy resin formulations with low VOC content and improved recyclability are gaining traction in various applications, including construction, packaging, and consumer goods. As sustainability continues to drive purchasing decisions and influence industry practices, the demand for eco-friendly epoxy resin products is expected to escalate, contributing to the overall growth and expansion of the market.

● Volatility in Raw Material Prices Hinders Market Growth

Epoxy resin production relies on a range of raw materials, including bisphenol A (BPA) and epichlorohydrin, whose prices can fluctuate due to various factors such as changes in supply and demand, geopolitical tensions, currency fluctuations, and regulatory developments. These price fluctuations can significantly impact the cost structure and profitability of epoxy resin manufacturers, as raw materials often constitute a substantial portion of production expenses. As sustainability becomes a growing focus, bio-based resins are slowly emerging as potential substitutes for traditional epoxy resins. While their properties and performance might not fully match epoxy yet, advancements in this area could pose a challenge in the future. 

                                                             For More Details on This Report - Request for Sample

Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Epoxy Resin Market. The top 10 companies in this industry are listed below:
  1. Sinopec
  2. 3M
  3. Dow Inc
  4. DIC Corporation
  5. Huntsman Corporation
  6. Nan Ya Plastics Corporation
  7. Kukdo Chemical
  8. Aditya Birla Chemicals India Limited
  9. Sika AG
  10. Atul Ltd.

Scope of Report: 

           Report Metric


Base Year Considered


Forecast Period




Market Size in 2030

$16.9 billion

Segments Covered

Form, Formulation, Raw Material, Application, End-Use Industry

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Netherlands and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  1. Sinopec

  2. 3M

  3. Dow Inc

  4. DIC Corporation

  5. Huntsman Corporation

  6. Nan Ya Plastics Corporation

  7. Kukdo Chemical

  8. Aditya Birla Chemicals India Limited

  9. Sika AG

  10. Atul Ltd.

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1. Epoxy Resin Market - Overview
    1.1. Definitions and Scope
2. Epoxy Resin Market - Executive Summary
3. Epoxy Resin Market - Comparative Analysis
    3.1. Company Benchmarking - Key Companies
    3.2. Global Financial Analysis - Key Companies
    3.3. Market Share Analysis - Key Companies
    3.4. Patent Analysis
    3.5. Pricing Analysis
4. Epoxy Resin Market - Start-up Companies Scenario
    4.1. Key Start-up Company Analysis by
    4.1.1. Investment
    4.1.2. Revenue
    4.1.3. Venture Capital and Funding Scenario
5. Epoxy Resin Market – Market Entry Scenario Premium
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing Business Index
    5.3. Case Studies of Successful Ventures
6. Epoxy Resin Market - Forces
    6.1. Market Drivers
    6.2. Market Constraints
    6.3. Market Challenges
    6.4. Porter's Five Force Model
        6.4.1. Bargaining Power of Suppliers
        6.4.2. Bargaining Powers of Customers
        6.4.3. Threat of New Entrants
        6.4.4. Rivalry Among Existing Players
        6.4.5. Threat of Substitutes
7. Epoxy Resin Market – Strategic Analysis
    7.1. Value Chain Analysis
    7.2. Opportunities Analysis
    7.3. Market Life Cycle
8. Epoxy Resin Market – By Form (Market Size – $Million/$Billion)
    8.1. Solid
    8.2. Unmodified Liquid
    8.3. Modified Liquid
    8.4. Solution
9. Epoxy Resin Market – By Formulation (Market Size – $Million/$Billion)
    9.1. One Part Epoxy Resin
    9.2. Two Part Epoxy Resin
10. Epoxy Resin Market – By Raw Material (Market Size – $Million/$Billion)
    10.1. DGBEA (Bisphenol A and ECH)
    10.2. DGBEF (Bisphenol F and ECH)
    10.3. Novolac (Formaldehyde and Phenols)
    10.4. Aliphatic (Aliphatic Alcohols)
    10.5. Glycidylamine (Aromatic Amines and ECH)
    10.6. Others
11. Epoxy Resin Market – By Application (Market Size – $Million/$Billion)
    11.1. Paints & Coatings
    11.2. Adhesives & Sealants
    11.3. Composites
    11.4. Primers & Sealers
    11.5. Electrical Laminates
    11.6. Others
12. Epoxy Resin Market – By End-Use Industry (Market Size – $Million/$Billion)
    12.1. Building & Construction 
        12.1.1. Decks
        12.1.2. Walls
        12.1.3. Roofs
        12.1.4. Decorative Flooring
        12.1.5. Architectural Surfaces & Countertops
        12.1.6. Others
    12.2. Aerospace 
        12.2.1. Gliders & Light Aircraft
        12.2.2. Commercial Aircraft
        12.2.3. Military Aircraft
        12.2.4. Others
    12.3. Wind Power
    12.4. Marine 
        12.4.1. Hull
        12.4.2. Ballast tanks
        12.4.3. Cargo tanks & holds
        12.4.4. Decks
        12.4.5. Topsides & Superstructures
        12.4.6. Others
    12.5. Automotive 
        12.5.1. Chassis
        12.5.2. Semi-Structural Parts
        12.5.3. Body Exterior
        12.5.4. Others
    12.6. Consumer Goods 
        12.6.1. Home appliances
        12.6.2. Decorative furniture
        12.6.3. Golf clubs
        12.6.4. Sports & leisure products
        12.6.5. Packaging
        12.6.6. Others
    12.7. Others
13. Epoxy Resin Market – By Geography (Market Size – $Million/$Billion) 
    13.1. North America
        13.1.1. Canada
        13.1.2. Mexico
        13.1.3. U.S.
    13.2. South America
        13.2.1. Argentina
        13.2.2. Brazil
        13.2.3. Chile
        13.2.4. Colombia
        13.2.5. Rest of South America
    13.3. Europe
        13.3.1. France
        13.3.2. Germany
        13.3.3. Italy
        13.3.4. Netherlands
        13.3.5. Belgium
        13.3.6. Spain
        13.3.7. UK
        13.3.8. Denmark
        13.3.9. Rest of Europe
    13.4. APAC
        13.4.1. China
        13.4.2. Japan
        13.4.3. India
        13.4.4. South Korea
        13.4.5. Australia and New Zealand
        13.4.6. Indonesia
        13.4.7. Taiwan
        13.4.8. Malaysia
        13.4.9. Rest of APAC
    13.5. RoW
        13.5.1. Saudi Arabia
        13.5.2. South Africa
   Rest of Africa
14. Epoxy Resin Market – Entropy
    14.1 New product launches
    14.2 M&A’s, collaborations, JVs and partnerships  

15. Epoxy Resin Market – Industry/Segment Competition Landscape
    15.1. Market Share Analysis
        15.1.1. Market Share by Region – Key Companies
        15.1.2. Market Share by Country – Key Companies
    15.2. Competition Matrix
    15.3. Best Practices for Companies
16. Epoxy Resin Market – Key Company List by Country Premium
17. Epoxy Resin Market - Company Analysis
    17.1. Sinopec
    17.2. 3M
    17.3. Dow Inc
    17.4. DIC Corporation
    17.5. Huntsman Corporation
    17.6. Nan Ya Plastics Corporation
    17.7. Kukdo Chemical
    17.8. Aditya Birla Chemicals India Limited
    17.9. Sika AG
    17.10. Atul Ltd.
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The Epoxy Resin Market is projected to grow at a CAGR of 4.7% during the forecast period 2024-2030.

Global Epoxy Resin Market size is estimated to be $12.4 billion in 2023 and is projected to reach $16.9 billion by 2030.

The leading players in the Epoxy Resin Market are Sinopec, 3M, Dow Inc, DIC Corporation, Huntsman Corporation, and Others.

Increased focus on sustainability and advancements in high-performance applications are the major trends in epoxy resin market.

Increasing demand for lightweight and durable materials and Rising demand for sustainable products are expected to drive the growth of epoxy resin market. Expansion in emerging markets and focus on sustainable solutions to create growth opportunities in the market.