Enjoy complimentary customisation on priority with our Enterprise License!
The epoxy resin market size is valued to increase by USD 5.18 billion, at a CAGR of 6.75% from 2023 to 2028. Increasing demand for paints and coatings in automotive industry will drive the epoxy resin market.
Get Key Insights on Market Forecast (PDF) Request Free Sample
The epoxy resin market continues to advance as manufacturers focus on optimizing performance, durability, and process efficiency across diverse applications. Epoxy resin cure monitoring techniques and study of epoxy resin cure kinetics are essential for controlling crosslinking reactions, while effect of curing temperature on mechanical properties and influence of hardener type on epoxy viscosity directly affect processing outcomes. Optimization of epoxy resin processing parameters, including epoxy resin formulation for specific applications and epoxy resin composite manufacturing process, ensures consistency, performance, and scalability. The relationship between crosslinking density and thermal stability, determination of epoxy resin glass transition temperature, and measurement of epoxy resin thermal conductivity provide insights into thermal and mechanical reliability.
Analysis of epoxy resin composite microstructure, evaluation of epoxy adhesive bond strength, characterization of epoxy resin mechanical properties, and assessment of epoxy resin chemical resistance support high-performance material design. Impact of filler type on epoxy resin mechanical properties and investigating epoxy resin rheological behavior further inform material selection and process control. Epoxy resin surface treatment methods, controlling epoxy resin void content, and improving epoxy resin adhesion strength enhance structural integrity and durability. Understanding epoxy resin degradation mechanisms also helps predict service life and informs long-term reliability strategies. Collectively, these approaches support the development of advanced epoxy systems that meet rigorous industrial coatng , aerospace, and electronics standards.
The automotive industry's growing demand for paints and coatings serves as the primary market driver.
The focus on bio-based and eco-friendly resins is becoming increasingly mandated in the market trend. Market trends indicate a growing emphasis on the use of bio-based and eco-friendly resins.
The stringent regulations and policies governing the production and sale of paints and coatings pose a significant challenge to the industry's growth, requiring companies to comply with rigorous standards to ensure product safety and environmental sustainability.
The epoxy resin industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The paints and coatings segment is estimated to witness significant growth during the forecast period.
Epoxy resins continue to dominate various industries due to their exceptional properties, making them an essential component in numerous applications. In the encapsulation process, epoxy resins offer superior hardener reactivity and chemical resistance, enabling efficient encapsulation and prolonging product life. Epoxy resins undergo curing to achieve optimal pot life determination and cure cycle optimization, enhancing their coating application methods and degassing techniques. These resins exhibit excellent adhesion properties, making them suitable for composite material applications and adhesive bonding. Epoxy curing agents play a crucial role in the market, influencing crosslinking density control and thermal stability analysis.
Epoxy resins' mechanical stress analysis, creep resistance evaluation, and tensile strength testing make them suitable for high-performance applications. Epoxy nanocomposites offer enhanced properties, such as improved impact resistance and fatigue life prediction. With a focus on epoxy resin formulation, surface preparation techniques, and laminate fabrication methods, the market continues to evolve, catering to diverse industries. For instance, in construction, epoxy resin-based coatings ensure high thermal stability and fire resistance, making them ideal for commercial and industrial installations. They provide excellent resistance to UV radiation and maintain high mechanical strength, making them suitable for flooring applications in shopping malls, hospitals, schools, prisons, and industrial buildings. Epoxy resins' rheological properties enable their use as casting resins and molding compounds, further expanding their applications.
The Paints and coatings segment was valued at USD 6.43 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 60% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
See How Epoxy Resin Market Demand is Rising in APAC Request Free Sample
The market is experiencing significant growth, driven by the expanding commercial and residential construction sector and increasing infrastructure development in the Asia Pacific (APAC) region. New infrastructure projects are anticipated to boost the demand for epoxy resins in various applications, including paints and coatings, adhesives and sealants, and electronic products. The economic growth in developing countries and rising foreign investments in APAC have led to a surge in per capita income, enabling consumers to afford automobiles. Consequently, the automotive industry's shift towards APAC for manufacturing due to the availability of low-cost labor further fuels the demand for epoxy resins.
This trend is expected to continue during the forecast period, as the region's economic expansion increases consumer purchasing power and spurs demand for epoxy resins in diverse industries.
Customer Landscape of Epoxy Resin Industry
Companies are implementing various strategies, such as strategic alliances, epoxy resin market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Aditya Birla Chemicals - Epoxy resins, including 3M Scotch Weld 2216NS, provide robust adhesion with the ability to withstand expansion, contraction, and minimal movement. These resins maintain excellent strength even after environmental aging, making them an ideal choice for various industries seeking reliable bonding solutions.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Epoxy Resin Market insights. See full methodology.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
183 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 6.75% |
|
Market growth 2024-2028 |
USD 5.18 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
6.29 |
|
Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, and Rest of World (ROW) |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
Epoxy systems form a cornerstone of advanced material science, encompassing a range of polymeric materials such as thermosetting resins, high-performance polymers, and laminating resins. The selection of appropriate epoxy curing agents, including amine hardeners, anhydride hardeners, and polyamide hardeners, directly influences critical properties such as creep resistance, fatigue resistance, dimensional stability, and stress cracking resistance. These curing agents interact with epoxy monomers and oligomers, often in combination with reactive diluents, to achieve targeted mechanical and chemical performance.
Reinforcement fibers, including carbon fiber composites and glass fiber composites, combined with filler materials, enable the production of composite laminates with superior structural performance. Such composites are widely applied in sectors requiring electrical insulation, chemical bonding durability, and high mechanical strength. Surface modification techniques further enhance adhesion and compatibility between the polymer matrix and reinforcement fibers, optimizing the performance of structural adhesives and molding compounds. The careful integration of these components, guided by polymer chemistry principles, ensures reliable, high-performance epoxy-based systems capable of meeting demanding application requirements while maintaining long-term stability under mechanical, thermal, and chemical stress.
What is the expected growth of the Epoxy Resin Market between 2024 and 2028?
USD 5.18 billion, at a CAGR of 6.75%
What segmentation does the market report cover?
The report is segmented by Application (Paints and coatings, Adhesives and sealants, Composites materials , Electronic components, and Others), End-user (Consumer goods, Building and construction, Wind energy, and Others), Geography (APAC, North America, Europe, South America, and Middle East and Africa), and Type (Liquid Epoxy, Solid Epoxy, and Solution Epoxy)
Which regions are analyzed in the report?
APAC, North America, Europe, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Increasing demand for paints and coatings in automotive industry, Stringent regulations and policies of paints and coatings
Who are the major players in the Epoxy Resin Market?
Aditya Birla Chemicals, Allnex, BASF SE, Chang Chun Group, Cytec Industries (Solvay), DIC Corporation, Dow Inc., Hexion Inc., Huntsman Corporation, Jubail Chemical Industries, Kukdo Chemical, Momentive Performance Materials, Nagase & Co., Nan Ya Plastics, Olin Corporation, PPG Industries, Sika AG, Spolchemie, Sumitomo Chemical, and Westlake Chemical
We can help! Our analysts can customize this epoxy resin market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
13 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
