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Epoxy Resin Market Report and Forecast 2024-2032

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    Report

  • 140 Pages
  • November 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921333
According to the report, the global epoxy resin market is projected to grow at a CAGR of 6.4% between 2024 and 2032 reaching a value of approximate USD 11.32 billion by 2032. Aided by the escalating demand in various sectors, including construction, automotive, and electronics, the market is expected to grow significantly by 2032.

Epoxy resins are a class of reactive polymers and prepolymers, characterised by their remarkable mechanical properties, high thermal and chemical resistance, and strong adhesion. These features make them highly suitable for a range of applications, from coatings and adhesives to composite materials and electrical insulators.

The construction industry is a significant contributor to the epoxy resin market growth. Epoxy resins are widely used in this sector for their superior bonding strength, making them ideal for flooring, repair, and maintenance applications. Their resistance to chemicals and moisture further enhances their suitability for construction projects.

The automotive industry is another major driver of the epoxy resin market. In automotive manufacturing, epoxy resins are used for coatings, adhesives, and composite materials, thanks to their durability and lightweight nature. The shift towards lightweight vehicles for improved fuel efficiency has further spurred the demand for epoxy resins in this sector.

In the realm of electronics, epoxy resins are indispensable for their electrical insulating properties. They are used in the production of printed circuit boards, semiconductor encapsulation, and other electronic components. The burgeoning electronics industry, driven by the rapid advancement in technology and increasing consumer demand, is thus a key factor fuelling the epoxy resin market demand.

Another factor contributing to the growth of the epoxy resin market is the rising trend of sustainable and eco-friendly products. With environmental concerns gaining prominence, manufacturers are focusing on developing bio-based epoxy resins, which are derived from natural sources and offer reduced environmental impact compared to their synthetic counterparts. This shift towards sustainability is likely to open new avenues for market expansion.

The expanding application scope of epoxy resins in wind energy, aerospace, and marine industries also influence the epoxy resin market outlook. In the wind energy sector, epoxy resins are used for manufacturing wind turbine blades due to their high strength-to-weight ratio and resistance to environmental factors. Similarly, in aerospace and marine applications, their lightweight and durable properties make them a material of choice.

Regionally, the epoxy resin market is witnessing significant growth across various geographies. Asia-Pacific holds a dominant position in the market, primarily due to the rapid industrialisation and growth of end-use industries in countries such as China and India. North America and Europe also represent substantial markets, with a focus on advanced epoxy resin technologies and sustainable solutions.

Market Segmentation

The market can be divided based on form, type, application, end use, and region.

Market Breakup by Form

  • Solid
  • Liquid
  • Solution

Market 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

Market Breakup by Application

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

Market Breakup by End Use

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

Market Breakup by Region

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

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global epoxy resin market. Some of the major players explored in the report are as follows:
  • BASF SE
  • Kukdo Chemical Co. Ltd.
  • Jiangsu Sanmu Group Co., Ltd.
  • Hexion Inc.
  • Aditya Birla Chemicals
  • Chang Chun Group
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Epoxy Resin Market Analysis
8.1 Key Industry Highlights
8.2 Global Epoxy Resin Historical Market (2018-2023)
8.3 Global Epoxy Resin Market Forecast (2024-2032)
8.4 Global Epoxy Resin Market by Form
8.4.1 Solid
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Liquid
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Solution
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Epoxy Resin Market by Type
8.5.1 DGBEA (Bisphenol A and ECH)
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 DGBEF (Bisphenol F and ECH)
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Novolac (Formal Dehyde and Phenols)
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Aliphatic (Aliphatic Alcohols)
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Glycidylamine (Aromatic Amines and ECH)
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Epoxy Resin Market by Application
8.6.1 Paints and Coatings
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Adhesives and Sealants
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Composites
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Electronic Encapsulation
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Epoxy Resin Market by End Use
8.7.1 Building and Construction
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Transportation
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 General Industrial
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Consumer Goods
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Wind Energy
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Aerospace
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Marine
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.8 Global Epoxy Resin Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Epoxy Resin Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Epoxy Resin Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Epoxy Resin Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Epoxy Resin Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Epoxy Resin Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code - 390790)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 BASF SE
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Kukdo Chemical Co. Ltd.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Jiangsu Sanmu Group Co., Ltd.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Hexion Inc.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Aditya Birla Chemicals
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Chang Chun Group
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Others
19 Key Trends and Developments in the Market

Companies Mentioned

  • BASF SE
  • Kukdo Chemical Co. Ltd.
  • Jiangsu Sanmu Group Co., Ltd.
  • Hexion Inc.
  • Aditya Birla Chemicals
  • Chang Chun Group

Methodology

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