Discover trends, market shifts, and competitive outlooks for the epoxy resin industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#How Has The Epoxy Resin Market Growth Evolved From 2024 To 2025, And What’s Ahead?

The epoxy resin industry has seen a robust growth in recent years. By 2025, its market size is projected to increase from 2024’s $12.64 billion to $13.76 billion, representing an 8.9% compound annual growth rate (CAGR). The expansion observed in historic times is credited to the surge in construction activities, development in the automotive sector, electronics manufacturing, infrastructure evolution, and rigid environmental regulations.

In the approaching years, a substantial surge is anticipated in the epoxy resin market, predicting it to expand to a value of $19.93 billion by 2029. This growth, moving at a compound annual growth rate (CAGR) of 9.7%, is credited to factors like advanced electronics, biocompatible materials, initiatives towards a circular economy, increasing globalization and trade, and the boom in electric vehicles (EVs). The forecast period is set to witness major trends such as advancements in renewable energy technologies, emergent uses in 3D printing, increased demand in the wind energy domain, escalating favor for waterborne epoxy resins, and intensified usage in electro-technical applications.

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What Are the Primary Drivers Supporting the Market Growth of the Epoxy Resin Market?

The epoxy resin market is projected to experience substantial growth due to the escalating need for epoxy resin in the automotive sector. This industry, which entails the creation, manufacture, and selling of vehicles, employs epoxy resin for auto body painting. The utilization of epoxy resin as a defensive coating lengthens the lifespan of vehicles. For example, according to MarkLines, a consultancy firm based in Japan that focuses on the automotive sector, car sales in the US rose by 2.0% in October 2023, as compared to October 2022. There were 1,211,141 new vehicles sold in October 2023, marking a 2.0% increase from October 2022. Consequently, the burgeoning demand from the automotive industry fuels the growth of the epoxy resin market.

Which Primary Segments of the Epoxy Resin Market Are Driving Growth and Industry Transformations?

The epoxy resin market covered in this report is segmented –

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

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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of the Epoxy Resin Market?# Market?

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.

What Are the Most Significant Market Trends in the Epoxy Resin Market?

The epoxy resin market is increasingly being influenced by the trend of product innovation. To enhance their market standing, many major firms in the epoxy resin market are prioritizing innovative products. For example, in April 2022, Hexion Inc., a chemical manufacturing company based in the USA, which specializes in the creation of chemical materials and performance resins, introduced EPON LY Resin 1810 and EPIKURE LY Curing Agent 3801. These chemicals help reduce yellowing of the epoxy coating applied on residential and commercial surfaces, thus enhancing performance, curing process, diminishing air emissions, and bolstering surface durability.

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What Parameters Are Used to Define the Epoxy Resin Market?

Epoxy resin refers to a kind of polymer and prepolymer that is reactive and contains epoxide groups. In the presence of catalysts, these resins either react with one another or with several co-reactants such amines, phenols, thiols, etc. These are used to increase strength, durability, chemical resistance, and adhesion.

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