Epoxy Resin Market Report 2026

The epoxy resin market size has grown strongly in recent years. It will grow from $13.51 billion in 2025 to $14.82 billion in 2026 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to expansion of construction and infrastructure activities, rising use of epoxy coatings in industrial applications, growth in composite material adoption, increased demand for corrosion-resistant materials, advancements in resin formulation technologies.

The epoxy resin market size is expected to see strong growth in the next few years. It will grow to $21.05 billion in 2030 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to increasing demand from renewable energy projects, rising adoption of lightweight composite structures, expansion of electric vehicle manufacturing, growing focus on sustainable resin solutions, increasing use in aerospace and marine applications. Major trends in the forecast period include rising demand for high-performance adhesives, growing use in lightweight composites, expansion of epoxy applications in wind energy, increasing adoption in protective coatings, enhanced focus on bio-based epoxy resins.

The increasing demand for epoxy resin from the automotive industry is expected to drive the growth of the epoxy resin market going forward. The automotive industry, which involves the design, production, and sale of motor vehicles, widely uses epoxy resin for applications such as vehicle body coatings. Epoxy resins serve as protective coatings that enhance corrosion resistance and extend the overall lifespan of automobiles. For example, according to MarkLines, a Japan-based automotive industry consulting firm, auto sales in the United States rose by 2% in October 2023 compared with October 2022. New vehicle sales for October 2023 totaled 1,211,141 units, reflecting a 2% year-on-year increase. Therefore, rising demand from the automotive sector is contributing to the growth of the epoxy resin market.

Companies operating in the epoxy resin market are increasingly focusing on the development of high-performance epoxy resins designed for use in high-pressure hydrogen storage cylinders. These advanced resins provide superior mechanical strength, chemical resistance, and durability, making them suitable for demanding hydrogen storage applications. Epoxy resins play a vital role in reinforcing the structural integrity of hydrogen storage cylinders, ensuring enhanced safety and reliability. For instance, in July 2024, Sinochem International, a China-based state-owned chemical company, introduced a high-performance epoxy resin solution aimed at improving the performance of composite materials used in high-pressure hydrogen storage cylinders. This development addresses safety challenges and supports the growing demand for efficient hydrogen storage systems, which are essential for the advancement of hydrogen-powered vehicle technologies.

In March 2024, BB Resins, an Italy-based manufacturer of epoxy resin hardeners, partnered with Safic-Alcan to expand its market presence in Poland. Through this partnership, BB Resins aims to offer a wider range of specialty epoxy-based systems tailored for applications in industrial coatings, construction, and flooring, thereby improving access to innovative epoxy solutions in the region. Safic-Alcan is a France-based independent distributor specializing in specialty chemicals, including epoxy resins.

Major companies operating in the epoxy resin market are China Petroleum & Chemical Corporation (Sinopec), Badische Anilin- und Sodafabrik, The Dow Chemical Company, Mitsubishi Chemical Corporation, Minnesota Mining and Manufacturing Company, Evonik Industries AG, Covestro AG, Westlake Epoxy LLC, DuPont de Nemours Inc., NAN YA PLASTICS CORPORATION, Solvay S.A., Sika AG, Olin Corporation, Huntsman International LLC, Atul Ltd, Daicel Corporation, Hexion Inc., Ashland Global Holdings Inc., Jiangsu Sanmu Group Co. Ltd., Allnex Belgium SA/NV, NAMA Chemicals, Kukdo Chemical Co. Ltd., Magnolia Epoxy, Mapei S.p.A., DIC India Limited, SPOLCHEMIE - Chemické závody a.s., Kemipex FZE, Aditya Birla Chemicals (India) Limited, Scott Bader Company Ltd., Chang Chun Plastics Co. Ltd., Aliancys AG.

Asia-Pacific was the largest region in the epoxy resin market in 2025. The regions covered in the epoxy resin market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the epoxy resin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The epoxy resin market consists of sales of glycidyl or non-glycidyl epoxy resin. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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