Epoxy Resin Market Report 2025 (Global Edition)

Global Epoxy Resin Market Report 2025 Market Size Split by Physical forms (Liquid, Solid, Solution), by Raw materials (BADGE, BFDGE, Novolac, Aliphatic, Glycidyl amine, Others), by Applications (Paint...

Epoxy Resin Market Report Description

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Epoxy Resin Market Insights Video

Competitive Landscape of the Epoxy Resin Market

The competitive landscape of the epoxy resin market is characterized by a mix of global and regional players, including established manufacturers and emerging companies. Key players focus on product innovation, sustainable formulations, and expanding production capacities to meet growing demand. Strategic partnerships, mergers, and acquisitions are common as companies aim to enhance their market presence. Additionally, investment in research and development is crucial for developing advanced epoxy solutions tailored to specific industry needs, driving competition and fostering growth in the market.

In March 2024, in its Chemical sector, Grasim Industries Limited launched the project to expand its epoxy resin and formulation capacity in Vilayat, Gujarat. One of Aditya Birla Group's subsidiaries is Grasim Industries Limited. The company will be able to produce 246,000 tons of sophisticated materials annually with this capacity boost. (Source: https://www.adityabirlachemicals.com/story-inner/am-vilayat-capacity-expansion-advancing-towards-progressive-tomorrow In April 2024, with an investment plan of USD 120.6 million over the next few years, DCM Shriram, an Indian company, announced the development of its epoxy production factory. (Source: https://www.icis.com/explore/resources/news/2024/03/04/10976812/india-s-dcm-shriram-plans-epoxy-resins-plant-to-start-up-ech-caustic-soda-lines/ In July 2022, the acquisition of Guangdong TOD New Materials Co., Ltd., a Chinese maker of coated resin, was announced by DIC Corporation. This acquisition supports DIC's ongoing initiatives to increase its coating resin capacity in the Asian market, especially in China. In the medium- to long-term plan, DIC hopes to become the leading provider of coatings resins in the Asian region by offering a wide range of resin products that have the added functionality of lowering environmental impact and by taking advantage of Ideal Chemi Plast of India's expansion of its production facilities. (Source: https://www.dic-global.com/en/news/2022/ir/20220630142523.html

Top Companies Market Share in Epoxy Resin Industry: (In no particular order of Rank)

• 3M
• Aditya Birla Management Corporation Pvt. Ltd.
• Atul Ltd
• BASF SE
• Solvay
• Huntsman International LLC
• KUKDO CHEMICAL CO.
• LTD.
• Olin Corporation
• Sika AG
• NAN YA PLASTICS CORPORATION
• Jiangsu Sanmu Group Co.
• Ltd.
• Jubail Chemical Industries LLC
• China Petrochemical & Chemical Corporation (SINOPEC)
• Hexion
• Kolon Industries
• Inc.
• Techstorm
• NAGASE & CO.
• LTD.
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Epoxy Resin Market

Which Region Dominates the Epoxy Resin Market in 2024?

According to Cognitive Market Research, North America currently dominates the Epoxy Resins market, and the region is expected to have significant growth during the projected period. The epoxy resin market in North America is experiencing significant growth, driven by increasing demand from industries such as construction, automotive, and electronics. The region's focus on innovation, sustainable materials, and advanced manufacturing processes further supports market expansion. Additionally, the rising trend of electric vehicles and infrastructure development boosts the need for high-performance epoxy solutions, enhancing market opportunities.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The Asia-Pacific epoxy resin market is rapidly expanding, fueled by rising industrialization, urbanization, and demand from sectors like construction, automotive, and electronics. Countries like China and India are significant contributors to this growth, driven by infrastructural developments and manufacturing expansion. Additionally, increasing investments in research and development for advanced and eco-friendly epoxy formulations further enhance market opportunities in the region.

The current report Scope analyzes Epoxy Resin Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Epoxy Resin Market

According to Cognitive Market Research, the global Epoxy Resin market size was estimated at USD 13251.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 7590.0 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Epoxy Resin market with a market size of USD 4182.08 million in 2024 and is projected to grow at a CAGR of 3.8% during the forecast period. The U.S. market's rapid industrialization.
• The Canada Epoxy Resin market had a market share of USD 636.06 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. Canada’s growing automotive sector.
• The Mexico Epoxy Resin market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 482.34 million in 2024.

Europe Epoxy Resin Market

According to Cognitive Market Research, the global Epoxy Resin market size was estimated at USD 13251.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 3975.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.

• The United Kingdom Epoxy Resin market had a market share of USD 667.86 million in 2024 and is projected to grow at a CAGR of 5.1% during the forecast period. In the UK, Epoxy Resin sales witness an upswing due to the rising construction activities.
• The France Epoxy Resin market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 365.73 million in 2024.
• According to Cognitive Market Research, the German Epoxy Resin market size was valued at USD 787.12 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. In Germany, Epoxy Resin surged due to the demand for durable coatings.
• The Italy Epoxy Resin market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 341.88 million in 2024.
• The Russia Epoxy Resin market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 616.18 million in 2024.
• The Spain Epoxy Resin market is projected to witness growth at a CAGR of 3.4% during the forecast period with a market size of USD 325.98 million in 2024
• The Luxembourg Epoxy Resin market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 123.24 million in 2024.
• The Portugal Epoxy Resin market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 83.48 million in 2024.
• The Greece Epoxy Resin market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 47.70 million in 2024.
• The Rest of Europe's Epoxy Resin market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 616.18 million in 2024.

Asia Pacific Epoxy Resin Market

According to Cognitive Market Research, the global Epoxy Resin market size was estimated at USD 13251.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 3047.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.8% from 2024 to 2031.

• According to Cognitive Market Research, the China Epoxy Resin market size was valued at USD 1371.50 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. Epoxy Resin surged in China due to Increased focus of the technological advancements.
• The Japan Epoxy Resin market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 420.59 million in 2024.
• The India Epoxy Resin market had a market share of USD 365.73 million in 2024 and is projected to grow at a CAGR of 9.6% during the forecast period. India's increased wind energy usage
• The South Korean Epoxy Resin market is projected to witness growth at a CAGR of 6.9%during the forecast period, with a market size of USD 304.78 million in 2024.
• The Australian Epoxy Resin market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 158.48 million in 2024.
• The South East Asia Epoxy Resin market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 210.30 million in 2024.
• The Rest of Asia Pacific Epoxy Resin market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 216.39 million in 2024.

South America Epoxy Resin Market

According to Cognitive Market Research, the global Epoxy Resin market size was estimated at USD 13251.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 662.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Epoxy Resin market size was valued at USD 283.58 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Epoxy Resins flourished in Brazil due to increasing strong consumer goods demand.
• Argentina's Epoxy Resin market had a market share of USD 111.31 million in 2024 and is projected to grow at a CAGR of 6.1% during the forecast period. Argentina's expanding electronics market.
• Colombia Epoxy Resin market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 58.97 million in 2024.
• Peru Epoxy Resin market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 54.33 million in 2024.
• Chile Epoxy Resin market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 47.70 million in 2024.
• The Rest of Latin America's Epoxy Resin market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 106.67 million in 2024.

Middle East and Africa Epoxy Resin Market

According to Cognitive Market Research, the global Epoxy Resin market size was estimated at USD 13251.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 265.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031..

• The GCC Countries Epoxy Resin market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 113.43 million in 2024. Epoxy Resin sales flourish due to the regulatory support.
• The Egypt Epoxy Resin market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 27.83 million in 2024.
• The South Africa Epoxy Resin market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 41.87 million in 2024. Epoxy Resin sales flourished in South Africa due to Growing DIY market.
• The Turkey Epoxy Resin market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 22.79 million in 2024.
• The Nigeria Epoxy Resin market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 27.83 million in 2024.
• The Rest of the MEA Epoxy Resin market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 31.27 million in 2024.

Epoxy Resin Market Analysis

How are Segments Performing in the Global Epoxy Resin Market?

Epoxy Resin Market Physical forms Segment Analysis

According to Cognitive Market Research, Liquid are likely to dominate the Epoxy Resin Market over the forecast period. The liquid epoxy resin segment is witnessing significant growth, driven by its versatility and ease of application in various industries, including construction, automotive, and electronics. Its superior adhesion properties and resistance to chemicals make it ideal for coatings, adhesives, and composite materials. Additionally, increasing demand for high-performance and eco-friendly formulations is further propelling the expansion of the liquid epoxy resin market. .

The Solid is the fastest-growing segment in the Epoxy Resin Market. The solid epoxy resin segment is experiencing notable growth, primarily due to its exceptional durability and strength in demanding applications such as coatings, adhesives, and industrial flooring. Its excellent chemical resistance and thermal stability make it suitable for a wide range of industries, including automotive and aerospace. The increasing focus on high-performance materials is further driving the demand for solid epoxy resins.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Epoxy Resin Industry. Request a Free Sample PDF!

Epoxy Resin Market Raw materials Segment Analysis

According to Cognitive Market Research, the BADGE segment holds the largest share of the market. The growing demand for bisphenol A diglycidyl ether (BADGE) in the epoxy resin market is driven by its superior properties, including excellent adhesion and chemical resistance. Widely used in coatings, adhesives, and composites, BADGE-based epoxy resins are essential in various industries such as automotive, aerospace, and construction. The emphasis on high-performance and durable materials further propels the adoption of BADGE formulations.

In the Epoxy Resin Market, the BFDGE has been expanding at a rapid pace. The epoxy resin market is seeing growth in bisphenol F diglycidyl ether (BFDGE) due to its enhanced thermal and chemical resistance, making it ideal for demanding applications. BFDGE is widely used in coatings, adhesives, and composites across various industries, including automotive and electronics. The increasing focus on lightweight and high-performance materials is further driving the adoption of BFDGE-based epoxy resins.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Epoxy Resin Applications Segment Analysis

Epoxy Resin Market Applications Segment Analysis

According to Cognitive Market Research, Paints & Coatings holds the largest market share. The paints and coatings segment is driving significant growth in the epoxy resin market, as these resins provide exceptional durability, adhesion, and chemical resistance. Widely used in industrial and decorative applications, epoxy-based coatings enhance surface protection and aesthetic appeal. The increasing demand for high-performance, corrosion-resistant coatings in sectors like automotive, construction, and marine further boosts the adoption of epoxy resins in this segment.

In the Epoxy Resin market, the rapidly growing sector is the Composites. The composites segment is experiencing robust growth in the epoxy resin market, driven by the demand for lightweight and high-strength materials in industries such as aerospace, automotive, and marine. Epoxy resins offer excellent bonding properties and resistance to environmental factors, making them ideal for composite applications. The increasing focus on advanced manufacturing techniques and innovative composite materials further enhances the adoption of epoxy resins in this sector.

• Paints & Coatings
• Composites
• Adhesives & Sealants
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion