Epoxy Resin Global Market Report 2025

Epoxy resin is a reactive polymer and prepolymer containing epoxide groups. In the presence of catalysts, these resins react with each other or with co-reactants such as amines, phenols, and thiols. They are used to enhance strength, durability, chemical resistance, and adhesion in various applications.

The primary applications of epoxides include paints and coatings, composites, adhesives and sealants, as well as various other applications. Paints and coatings are extensively utilized in commercial and industrial structures, such as in electrical, automotive, and marine settings, owing to their mechanical and protective properties. They contribute to enhancing concrete floors and provide resistance to stains, cracks, and high temperatures. In the realm of paints and coatings, the process involves the use of polymer suspensions mixed with color pigments to achieve both an aesthetic appearance and surface safety. These materials are available in different physical forms, including liquid, solid, and solution. Various types of epoxides, such as DGBEA (bisphenol A and ECH), DGBEF (bisphenol F and ECH), Novolac (formaldehyde and phenols), Aliphatic (aliphatic alcohols), Glycidylamine (aromatic amines and ECH), and other types, find application in this sector. Epoxides are utilized across diverse end-users, including building and construction, automotive, large and heavy vehicles, railroads, general industrial applications, consumer goods (including sporting equipment), wind power, aerospace, marine industries, and various other end uses.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting strain on trade relations in spring 2025 are significantly impacting the Paper, Plastics, Rubber, Wood, and Textile sector by driving up the costs of essential imported inputs such as pulp, resin, synthetic rubber, lumber, and cotton, many of which have limited domestic alternatives. Packaging manufacturers, for instance, are facing higher prices for plastic films and corrugated materials, further squeezing margins in an already highly price-sensitive environment. Similarly, textile producers are grappling with increased costs for imported yarns and dyes, adding to the burden of rising labor expenses. In response, some companies are turning to recycled or biodegradable materials, while others are consolidating their supplier base to secure bulk discounts.

The epoxy resin market research report is one of a series of new reports from The Business Research Company that provides epoxy resin market statistics, including epoxy resin industry global market size, regional shares, competitors with an epoxy resin market share, detailed epoxy resin market segments, market trends and opportunities, and any further data you may need to thrive in the epoxy resin industry. This epoxy resin market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The epoxy resin market size has grown strongly in recent years. It will grow from $12.64 billion in 2024 to $13.51 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to construction boom, automotive sector growth, electronics manufacturing, infrastructure development, stringent environmental standards.

The epoxy resin market size is expected to see strong growth in the next few years. It will grow to $19.37 billion in 2029 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to advanced electronics, biocompatible materials, circular economy initiatives, globalization and trade, electric vehicles (EVs) surge. Major trends in the forecast period include renewable energy technologies, emerging applications in 3D printing, growing demand in wind energy sector, rising popularity of waterborne epoxy resins, increased usage in electronics and electrical applications.

The forecast of 9.4% growth over the next five years reflects a modest reduction of 0.3% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through elevated tariffs on epichlorohydrin and bisphenol-A-based resins sourced from China and South Korea, increasing input costs in coatings, adhesives, and electronics manufacturing. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The growing demand for epoxy resin in the automotive industry is anticipated to drive the growth of the epoxy resin market. The automotive industry involves the design, manufacturing, and sale of motor vehicles, utilizing epoxy resin for the painting of automobile bodies. The application of epoxy resin as a protective coating helps extend the lifespan of vehicles. For example, according to MarkLines, a consulting firm based in Japan that specializes in the automotive sector, auto sales in the USA rose by 2.0% in October 2023 compared to October 2022. The new vehicle sales volume for October 2023 reached 1,211,141 units, reflecting a 2.0% increase from the same month in 2022. Thus, the rising demand from the automotive industry is driving the epoxy resin market.

The growth of the aerospace sector is expected to boost the epoxy resin market. This sector includes a wide range of activities focused on the design, development, manufacturing, and maintenance of aircraft and spacecraft. Epoxy resins are often combined with carbon fiber, fiberglass, or other high-strength fibers to produce lightweight yet highly durable and rigid structural components for aerospace applications. For instance, in June 2024, the International Air Transport Association (IATA), a trade association based in Canada, reported substantial growth in air traffic, which significantly increased net profits for the aviation industry, rising from USD 24 billion in 2021 to USD 30 billion in 2023. This upward trend in profitability was bolstered by better fleet utilization and load factors, leading to improved operational efficiency and margins. Therefore, the expansion of the aerospace sector is driving the epoxy resin market.

The epoxy resin market is witnessing a prominent trend towards product innovation. Major players in the epoxy resin market are strategically emphasizing product innovations as a means to fortify their market positions. A notable example is Hexion Inc., a chemical manufacturer based in the USA, which specializes in the development of chemical materials and performance resins. In April 2022, the company introduced EPON LY Resin 1810 and EPIKURE LY Curing Agent 3801. These newly launched products are designed to mitigate the yellowing of epoxy coatings on both household and commercial surfaces. The objective is to enhance overall performance, curing properties, reduce air emissions, and bolster surface strength.

Major players in the epoxy resin market are concentrating on creating high-performance epoxy resins specifically designed for high-pressure hydrogen storage cylinders. These resins provide exceptional mechanical strength, chemical resistance, and durability, making them suitable for challenging applications like hydrogen storage. Epoxy resins are essential for reinforcing the structural integrity of these cylinders, ensuring their safety and reliability. For example, in July 2024, Sinochem International, a state-owned chemical conglomerate in China, introduced a high-performance epoxy resin solution aimed at enhancing the functionality of composite materials used in high-pressure hydrogen storage cylinders. This initiative responds to safety concerns and the increasing demand for effective hydrogen storage solutions. The main objective is to boost the safety, reliability, and lifespan of hydrogen storage systems in vehicles, which is vital for advancing hydrogen fuel technologies.

In March 2024, BB Resins, an Italy-based producer of epoxy resin hardeners, teamed up with Safic-Alcan to broaden its footprint in the Polish market. This partnership is designed to offer customers a wide range of specialty epoxy-based systems tailored for industrial coatings, construction, and flooring sectors, thereby enhancing the availability of innovative solutions in the area. Safic-Alcan is an independent distributor of specialty chemicals, including epoxy resins, based in France.

Major companies operating in the epoxy resin market include 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 - Chemicke zavody 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 2024. The regions covered in the epoxy resin market report are Asia-Pacific, 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, 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.

Epoxy Resin Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on epoxy resin market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for epoxy resin ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The epoxy resin market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Type: DGBEA (Bisphenol A And ECH); DGBEF (Bisphenol F And ECH); Novolac (Formaldehyde And Phenols); Aliphatic (Aliphatic Alcohols); Glycidylamine (Aromatic Amines And ECH); Other Types
• 2) By Physical Form: Liquid; Solid; Solution
• 3) By Application: Paints And Coatings; Composites; Adhesives And Sealants; Other Applications
• 4) By End-User: Building And Construction; Automotive, Large And Heavy Vehicles And Railroads; General Industrial; Consumer Goods; Wind Power; Aerospace; Marine; Other End-Users
• Subsegments:
• 1) By DGBEA (Bisphenol A And ECH): Standard DGBEA; Modified DGBEA
• 2) By DGBEF (Bisphenol F And ECH): Standard DGBEF; Modified DGBEF
• 3) By Novolac (Formaldehyde And Phenols): Heat-Resistant Novolac; Flexible Novolac
• 4) By Aliphatic (Aliphatic Alcohols): Saturated Aliphatic; Unsaturated Aliphatic
• 5) By Glycidylamine (Aromatic Amines And ECH): Standard Glycidylamine; Modified Glycidylamine
• 6) By Other Types: Specialty Epoxy Resins; Bio-Based Epoxy Resins
• Companies Mentioned: 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 - Chemicke zavody a.s.; Kemipex FZE; Aditya Birla Chemicals (India) Limited; Scott Bader Company Ltd.; Chang Chun Plastics Co. Ltd.; Aliancys AG
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.