Epoxy Resin Market By Type (Novolac DGBEA, DGBEF, Aliphatic, Glycidyl Amine, Others), By Technology (Solvent Cut Epoxy, Liquid Epoxy, Waterborne Epoxy, Others), By Form (Liquid, Solid, and Solution), By Formulation (One Part Epoxy Resin, Two Part Epoxy Resin) and By End-Use (Aerospace, Automotive & Transportation, Building & Construction, Electrical & Electronics, Marine) and By Region (North America, Europe, Asia Pacific, Latin America, MEA), - Global Forecasts 2017 to 2027

Date: Jan 2021 Report Id: 20 Category: Resins and Polymers Report Format: pdf-img excel-img ppt-img word-img

Epoxy Resin Market Report Overview:

The Global Epoxy Resin Market was estimated at USD 7.91 billion in the year 2020, and is expected to reach USD 11.50 billion by 2027. The market is growing with a CAGR of 5.5%, in the forecast period (2017-2027). Increasing consumption and demand from end-user industries such as Aerospace, Automotive & Transportation, Building & Construction, Electrical & Electronics, and Marine has significantly contributed to the growth of this market. The use of epoxy resin has risen in recent years. The epoxy resin market demand has also grown on account of its chemical and corrosion resistance property as compared with other resins. Other factors such as the growing demand for epoxy-based composites in sectors such as the automotive and transportation industry, wind energy, and construction industry has also worked in favor of epoxy resins.

The Epoxy Resin market is also growing on account of new emerging applications. The market of Epoxy Resin is highly interlinked and dependant on critical raw materials like epichlorohydrin (ECH) and bisphenol-A. The properties of the cured epoxy resins are dependant on a chemical process called curing or hardening.

Epoxy Resin Market

The research report analyses the ecosystem of Epoxy Resin and categorizes the Epoxy Resin Market to forecast the revenues and analyse the trends in each of the following below mentioned market segments.

By Type

  • Novolac DGBEA
  • Aliphatic
  • Glycidyl Amine
  • Others

By Application

  • Aerospace
  • Automotive & Transportation
  • Building & Construction
  • Electrical & Electronics
  • Marine

By Technology

  • Solvent Cut Epoxy
  • Liquid Epoxy
  • Waterborne Epoxy
  • Others

By Formulation

  • One Part Epoxy Resin
  • Two Part Epoxy Resin

By Form

  • Liquid
  • Solid
  • Solution

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Norway
    • Italy
    • Spain
    • Netherlands
    • Rest Of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • New Zealand
    • Rest Of Asia Pacific
  • South America
  • ROW

The unique insights provided by this report also includes the following:

  1. In-depth value chain analysis
  2. Opportunity mapping
  3. Sector snapshot
  4. Technology landscape
  5. Regulatory scenario
  6. Patent trends
  7. Market trends
  8. Covid-19 impact analysis
  9. Raw material supply analysis
  10. Pricing trends
  11. Sustainability trends and environmental concerns
  12. Critical Success Factors
  13. Competitive Landscape
  14. Customer preferences

In terms of product type, the liquid epoxy resin segment is estimated to be the largest segment during the forecast period

Solid epoxy resin is expected to be the fastest-growing segment in the overall epoxy resin market on account of growing usage in powder coating applications. The liquid epoxy resin segment accounts for the largest share of the overall epoxy resin market on account of its wide range of applications. Liquid epoxy resins find applications in coatings, civil engineering, composites, adhesives, electronics, electrical castings, and fibers.

By Application, the Paints & Coatings application is expected to be the largest segment

The Paints & coatings segment dominated the Epoxy Resin market in terms of revenue in 2019. The Epoxy Resin market is driven by the growing paints and coating industries. The Epoxy Resins are extensively used in paints & coatings as they enable fast drying and quickly and also provide a protective, tough coating with excellent hardness. The aerospace sector is the fastest-growing application on account of the increasing usage of epoxy-based composites.

The growth in construction and manufacturing also favors the Epoxy Resin market growth indirectly. In the manufacture of composites the epoxy resins used as a tie-coat, primer, and topcoat to avoid U.V. corrosion and decorative purposes. Increasing demand for lightweight materials that offer superior performance from the automotive and aviation industry is further expected to propel the growth of the epoxy resin market.

The Asia Pacific is expected to be the largest segment in the forecast period

Asia Pacific region accounted for the largest share of the Epoxy Resin market followed by North America and Europe.  Asia Pacific region is also expected to be the fastest-growing region on account presence of a large number of emerging economies. The North America region is also projected to witness a higher product demand in the coming years on account of increasing consumption in end-user industries. The growing usage of wind turbines for power generation in North America due to increasing environmental concern towards depletion of conventional energy sources is expected to affect favor the growth of the epoxy resin market in North America. Wind turbines use composites that require epoxy resins to manufacture.

The demand in the Asia Pacific region is primarily driven on account of demand from end-user industries such as Aerospace, Automotive & Transportation, Building & Construction, Electrical & Electronics, and Marine. The Asia Pacific region is growing on account of rising urbanization, rising disposable income, and government initiatives, and a rise in residential and commercial construction projects.  Key Epoxy Resin markets in Asia- Pacific include China, Japan, India, South Korea, Thailand, and Indonesia.  

Epoxy Resin Market Report Provides an in-depth analysis of Market Dynamics:


  • Growing usage of composites
  • Demand for lightweight materials


  • Fluctuating raw material prices


  • Light weighting trend in automobiles and electric vehicles
  • R&D To Produce Bio-Based Epoxy Resin


  • Stringent Regulatory Approvals
  • The emergence of lightweight materials such as AHSS which can compete with composites

Company Profiles and Competitive Intelligence Covered in Epoxy Resin Market Report are:

  1. Olin Corporation
  2. Nan Ya Plastics Corporation
  3. Hexion Inc.
  4. Kukdo Chemical Co. Ltd.
  5. Huntsman Corporation
  6. Chang Chun Plastics Co. Ltd.
  7. Aditya Birla Chemicals
  8. 3M Company
  9. BASF SE
  10. Sinopec Corporation
  11. Momentive Performance Material Holding LLC
  12. Sika AG
  13. China Petrochemical Corporation
  14. Macro Polymers
  15. Kolon Industries

Recent Developments

  1. In April 2020, Mar-Bal, Inc., a global leading plastic and injection molding company announced its collaboration with Lattice Resins. This collaboration will enable the company to create new opportunities for epoxy-based material solutions and products in the industry. In addition, this will help the company to offer unique materials portfolio of epoxy resin polyester compounds to its customers
  2. In March 2020, Gabriel Performance Products a U.S.-based specialty chemicals company has announced the launch of a new epoxy curing agent, RAC 9010UV and VERSACURE® RAC 9040. These new products are designed for tabletop, countertop and clear coatings applications.
  3. In September 2018, Hexion, a chemical company based in Columbus, has announced two new water-based epoxy resins- EPI-REZ resin 6521-WH-56 and EPI-REZ resin 6531-WH-57. These new products have low VOC content and thus used for making of water-based coatings. Owing to its corrosion resistance and high flexibility properties, it is mainly designed for making protective coatings.

Frequently Asked Questions (FAQs)

Global Epoxy Resin Market was estimated at USD 7.91 billion in 2020, and it is projected to reach a value of USD 11.50 billion by 2027.
Global Epoxy Resin Market is estimated to grow at a compound annual growth rate (CAGR) of 5.5% during 2017-2027.
Asia-Pacific region is the is expected to dominate the Global Epoxy Resin Market in the forecast period.
A few key players in the Global Epoxy Resin Market includes Olin Corporation, Hexion Inc., Nan Ya Plastics Corporation, Kukdo Chemical Co. Ltd., Chang Chun Plastics Co. Ltd., Huntsman Corporation, 3M Company, Aditya Birla Chemicals, Sinopec Corporation and BASF SE among many others.
Author Credentials

Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.

    1. Product Outline
    2. What is Epoxy Resin
    3. Different types of Epoxy Resin
    4. Sector Snapshot: Resins and Polymers
    5. Epoxy Resin  comparison with other alternatives
    6. Epoxy Resin  and its advantages
    7. Analysis of Epoxy Resin  Ecosystem / Value Chain
    8. Supply Chain Analysis
    9. Covid -19 Impact
    10. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Threats
    11. Technology Overview
    12. Patent Analysis
  2. Technology and Regulatory Landscape for Epoxy Resin  
    1. Regulations and Standards
  3. Raw Material Analysis
    1. Major sources of raw material for Epoxy Resin  production
    2. Raw Material Analysis
  4. Epoxy Resin  Pricing Analysis
    1. Prices of Epoxy Resin
  5. Epoxy Resin  by Type
    1. Novolac DGBEA
    2. DGBEF
    3. Aliphatic
    4. Glycidyl Amine
    5. Others
  6. Epoxy Resin  by Technology
    1. Solvent Cut Epoxy
    2. Liquid Epoxy
    3. Waterborne Epoxy
    4. Others
  7. Epoxy Resin  by Form
    1. Liquid
    2. Solid
    3. Solution
  8. Epoxy Resin  by Formulation
    1. One Part Epoxy Resin
    2. Two Part Epoxy Resin
  9. Epoxy Resin  by Application
    1. Aerospace
    2. Automotive & Transportation
    3. Building & Construction
    4. Electrical & Electronics
    5. Marine
  10. Regional Analysis
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. UK
      3. France
      4. Norway
      5. Italy
      6. Spain
      7. Netherlands
      8. Rest Of Europe
    3. Asia Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. New Zealand
      6. Rest Of Asia Pacific
    4. Middle East and Africa
    5. South America
  11. Key Strategic Insights
    1. New Raw Material Sources
    2. New Applications
    3. Emerging Technologies
    4. Opportunity mapping
    5. Critical Success Factors
    6. Environmental Impact and sustainability issues
    7. Consumer preferences
  12. Key Market Trends / Recent Developments
  13. Competitive Scenario
    1. Competitive Strategies of Key Players
      1. Mergers and Acquisitions
      2. Investments
      3. Joint Ventures
      4. New Product launches
    2. Strength of product portfolio
    3. Ranking of Key Players
    4. Presence of players by Geographies
    1. Olin Corporation
    2. Nan Ya Plastics Corporation
    3. Hexion Inc.
    4. Kukdo Chemical Co. Ltd.
    5. Huntsman Corporation
    6. Chang Chun Plastics Co. Ltd.
    7. Aditya Birla Chemicals
    8. 3M Company
    9. BASF SE
    10. Sinopec Corporation
    11. Momentive Performance Material Holding LLC
    12. Sika AG
    13. China Petrochemical Corporation
    14. Macro Polymers
    15. Kolon Industries

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