The Epoxy Resin Market is to Touch $16.9 Billion by 2030; increased demand for high-performance coatings and advancements in composite materials technology propel market growth.

The Epoxy Resin Market size is estimated to reach $16.9 billion by 2030, growing at a CAGR of 4.7% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Epoxy Resin Market – By Form (Solid, Unmodified Liquid, Modified Liquid, and Solution), By Formulation (One Part Epoxy Resin, and Two Part Epoxy Resin), By Raw Material (DGBEA (Bisphenol A and ECH), DGBEF (Bisphenol F and ECH), Novolac (Formaldehyde and Phenols), Aliphatic (Aliphatic Alcohols), Glycidylamine (Aromatic Amines and ECH), and Others), By Application (Paints & Coatings, Adhesives & Sealants, Composites, Primers & Sealers, Electrical Laminates, and Others), By End-Use Industry (Building & Construction [Decks, Walls, Roofs, Decorative Flooring, Architectural Surfaces & Countertops, and Others], Aerospace [Gliders & Light Aircraft, Commercial Aircraft, Military Aircraft, and Others], Wind Power, Marine [Hull, Ballast tanks, Cargo tanks & holds, Decks, Topsides & Superstructures, and Others], Automotive [Chassis, Semi-Structural Parts, Body Exterior, and Others], Consumer Goods [Home appliances, Decorative furniture, Golf clubs, Sports & leisure products, Packaging, and Others], and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

The expansion of the construction industry and the rising adoption of epoxy resins in automotive applications are fueling the growth of the Epoxy Resin industry during the forecast period.

In 2023, the APAC region is projected to hold a dominant 62% share of the Epoxy Resin market. This dominance is driven by rapid industrialization, urbanization, and infrastructure development in countries like China, India, Japan, and South Korea. These nations not only experience high demand for epoxy resin across construction, manufacturing, automotive, and electronics sectors but also serve as key manufacturing hubs for epoxy resin and related products. China, with the world’s largest electronics production base, poses significant competition to other major producers such as South Korea, Singapore, and Taiwan. The consumer electronics segment, including smartphones, OLED TVs, and tablets, is witnessing the highest growth in demand. As disposable incomes rise among the middle-class population, the demand for electronic products is expected to increase steadily in the future. 

Industries such as automotive, aerospace, and marine are significantly influenced by the trend toward lightweighting. In the automotive sector, epoxy resins are increasingly used to reduce vehicle weight, enhancing fuel efficiency and lowering emissions without sacrificing durability. The aerospace industry benefits from epoxy resin-based composites for their high strength and lightweight properties, which contribute to fuel savings and efficient aircraft components. In marine applications, epoxy resins are employed in boat building to produce lightweight, durable structures that improve speed, maneuverability, and resilience in harsh environments. As industries focus on lightweighting to meet regulatory standards and consumer expectations, the demand for epoxy resin-based materials is expected to drive continued market growth.

As environmental awareness and corporate social responsibility grow, there is an increasing demand for eco-friendly materials. Bio-based and renewable epoxy resins, which offer lower environmental impact than traditional petroleum-based options, are gaining popularity. Epoxy resins with low VOC content and enhanced recyclability are also in demand across sectors like construction, packaging, and consumer goods. This shift towards sustainability is expected to boost the market for eco-friendly epoxy resin products. 

Key companies profiled in the Epoxy Resin Market are Sinopec, 3M, Dow Inc, DIC Corporation, Huntsman Corporation, Nan Ya Plastics Corporation, Kukdo Chemical, Aditya Birla Chemicals India Limited, Sika AG, Atul Ltd.and others.