Global Epoxy Resin Capacity, Production, Demand-Supply, Pricing and Market Forecast Analysis, 2034

Description

Epoxy Resin is a type of synthetic polymer when mixed with a hardener or curing agent, undergoes a chemical reaction to form a strong, rigid plastic with excellent adhesive properties. These resins are manufactured through the reaction of epichlorohydrin with bisphenol-A, followed by curing with a hardener to form a rigid, durable polymer.

Epoxy resins bond well to various materials such as wood, metal, glass, and ceramics. Its low viscosity allows it to flow easily into cracks and gaps, providing smooth and even coverage. Once cured, epoxy is resistant to water, chemicals, and heat, making it perfect for both decorative and practical uses, such as countertops, flooring, and protective coatings.

Global Epoxy Resins Suppliers

As of 2023, global nameplate Epoxy Resins capacity stood at 6,500 kilo tons, representing a twofold increase compared to 2016. Asia Pacific is the largest epoxy resins producer, accounting for over 60% of the global capacity with China being the largest producer. During the forecast period, major epoxy resins capacity is being added mostly in Asia Pacific and Central & Eastern Europe. In terms of regional capacity, majority of the supply is available in Asia Pacific with total capacity of over 5,000 kilo tons in 2023.

China's epoxy resins production capacity reached around 3,400 kilo tons in 2023, an 13% increase from the previous year. Epoxy resins nameplate capacity in China is projected to cross 3,700 kilo tons just in short term forecast period, with Ruixiang Chemical Company already commenced production at its facility in China with capacity of 95 kilo tons in 2024. Companies such as Anhui Hengxing New Material, Zhejiang Haobang Chemical, and Dongying Hebang Chemical are adding new epoxy resins production facilities in the country which will commence operation in the next 3-4 years.

In India, Aditya Birla expanded their existing epoxy resins capacity by 29% in 2023. The company added 246 kilo tons of epoxy resins to their existing plant in Bharuch, Gujarat. Catering to the high epoxy resins demand, DCM Shriram plans to start a 75 kilo tons epoxy resins plant in Gujarat which is set to start by 2029.

In Russia, AO GC Titan is building a new epoxy resin plant with a capacity of 40 kilo tons, expected to commence operation by 2028. Akkim Kimya in Turkey and Chimcomplex in Romania will start producing epoxy resins by 2025, with capacities of 43 kilo tons and 50 kilo tons, respectively.

Global Epoxy Resin Demand Analysis

The global epoxy resins market stood at 3,200 kilo tons in 2023, registering an annual average growth rate of around 3.5% in last seven years, mainly driven by increased epoxy resins consumption in Paints & Coatings, Automotive, Wind Turbine, and Adhesives industries. Of the 3,265 kilo tons of epoxy resins produced in 2023, over 40% were estimated to have been used in paints & coatings, translating to around 1,300 kilo tons. Electrical & Electronics and Construction collectively accounted for around 40% of the total epoxy resins demand. Adhesives and Composites together accounted for around 15% share, while all other miscellaneous applications constituted for the remainder of the consumed volumes.

1. Introduction

Scope
Market Coverage
- Application
- Regions
- Countries
Years Considered
- Historical - 2018 - 2023
- Base - 2024
- Forecast Period - 2025 - 2034
Research Methodology
- Approach
- Research Methodology
- Prismane Consulting Market Models
- Assumptions & Limitations
- Abbreviations & Definitions
- Conversion Factors
- Data Sources

2. Market Synopsis

Market Evolution
Demand Overview
Industry Structure
Strategic Issues
End-use Trends
Growth Forecast

3. Economic & Energy Outlook

GDP and Demographics
Monetary & Fiscal Policies
Crude Oil Production and prices
Natural Gas
Electricity Prices

4. End-use Sector Performance

Paints & Coatings
Building & Construction
Electrical & Electronics
Consumer Appliances
Others

5. Introduction to Epoxy Resin and Market Overview

Product Description
Grades & Properties
Raw Material
Manufacturing Process
Environmental Issues
Value Chain
Applications

6. Market Dynamics and Industry Trends

Market Dynamics
- Drivers
- Restraints
- Opportunities
- Challenges

7. Global Epoxy Resin Demand Analysis, By Application (Volume, Value) (2018 - 2034)

Strategic Issues and COVID-19 Impact
Demand Analysis and Forecast (2018 - 2034)
- Demand
- Demand Growth Rate (%)
- Driving Force Analysis
- Global Epoxy Resin Market, By Application
Paints & Coatings
Building & Construction
Adhesives
Wind Turbine
Electrical & Electronics
Consumer Appliances
Vinyl Ester Resins
Others

8. Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2018-2034)

Strategic Issues and COVID-19 Impact
Demand Analysis and Forecast (2018 - 2034)
Demand
Demand Growth Rate (%)
Epoxy Resin Market, By Application

Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by application has been provided for each of the countries / regions in Volume (Kilo tons) and Value (USD Million).

North America
USA
Canada
Mexico
Western Europe
Germany
France
Italy
United Kingdom
Spain
Rest of Western Europe
Central & Eastern Europe
Russia
Poland
Rest of Central & Eastern Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Central & South America
Middle East & Africa

Note: CAGR will be calculated for all applications to arrive at the regional / global demand growth for the forecast period (2025 - 2034)

9. Pricing Analysis

10. Key Strategic Issues and Business Opportunity Assessment

Market Attractiveness Assessment
Prospective & Target Market Study

11. Strategic Recommendation & Suggestions

12. Company Analysis

Epoxy Resin Manufacturers Profiles/ Company Analysis
- Basic Details
- Headquarter, Key Markets
- Ownership
- Company Financial
- Manufacturing Bases
- Global Turnover
- Total Employee
- Product Portfolio / Services / Solutions
- Key Business Strategies adopted and Prismane Consulting Overview
- Recent Developments
- Companies Covered -
BASF
The Dow Chemical Company
Huntsman Corporation
DuPont
Kukdo Chemicals
3M Company
Hexion Incorporated
Nan Ya Plastics Corporation
Olin Corporation
Cytec Solvay Group
Aditya Birla Chemicals
Sika A.G.
Baling Petrochemicals
Eagle Chemicals
Jubail Chemical Industry
Spolchemie
Leuna Harze
Elite Crete Systems
Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

13. Appendices

Demand - Regions
Demand - Countries