GITNUXREPORT 2026

Epoxy Resin Industry Statistics

The global epoxy resin market is growing steadily due to widespread industrial and construction demand.

Min-ji Park

Min-ji Park

Research Analyst focused on sustainability and consumer trends.

First published: Feb 13, 2026

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Key Statistics

Statistic 1

Coatings segment consumed 1.2 million tons of epoxy resin globally in 2023, representing 38% share

Statistic 2

Adhesives end-use accounted for 22% of epoxy resin market, or 680,000 tons in 2022

Statistic 3

Electrical & electronics applications used 15% of global epoxy resin, 465,000 tons in 2023

Statistic 4

Composites sector consumed 12% or 370,000 tons of epoxy resin worldwide in 2022

Statistic 5

Construction industry utilized 28% of epoxy resins for flooring and coatings in 2023

Statistic 6

Automotive applications represented 18% of epoxy resin consumption, 560,000 tons in 2022

Statistic 7

Wind turbine blades used 180,000 tons of epoxy resin in 2023 globally

Statistic 8

Aerospace end-use consumed 8% or 250,000 tons of epoxy resins in 2022

Statistic 9

Paints segment accounted for 14% of epoxy resin usage, 430,000 tons in 2023

Statistic 10

Marine coatings applications used 95,000 tons of epoxy resin in 2022

Statistic 11

Electrical insulators end-use represented 9% market share, 280,000 tons globally in 2023

Statistic 12

Sports equipment composites consumed 45,000 tons of epoxy in 2022

Statistic 13

Packaging applications used 65,000 tons of epoxy resins in 2023

Statistic 14

Pipe coatings segment consumed 110,000 tons of epoxy resin worldwide in 2022

Statistic 15

Tooling and molding end-use accounted for 5% or 155,000 tons in 2023

Statistic 16

Furniture manufacturing used 35,000 tons of epoxy for coatings in 2022

Statistic 17

Solar panel encapsulants consumed 120,000 tons of epoxy resin in 2023

Statistic 18

Railway applications represented 4% share, 125,000 tons in 2022

Statistic 19

Medical devices end-use used 22,000 tons of epoxy adhesives in 2023

Statistic 20

Anti-corrosion coatings for oil & gas consumed 140,000 tons in 2022

Statistic 21

Building & construction dominated with 1.05 million tons consumption in 2023

Statistic 22

Electrical potting compounds used 75,000 tons of epoxy in 2022

Statistic 23

Aerospace composites specifically used 150,000 tons of epoxy resin in 2023

Statistic 24

Automotive structural adhesives consumed 320,000 tons in 2022

Statistic 25

Epoxy flooring in commercial buildings used 220,000 tons globally in 2023

Statistic 26

Dow Chemical held 15% global epoxy resin market share in 2023 with revenue USD 1.5 billion from epoxy

Statistic 27

Olin Corporation epoxy segment sales reached USD 2.1 billion in 2022, 12% market share

Statistic 28

Hexion Inc. produced 450,000 tons of epoxy resins in 2023, revenue USD 1.8 billion

Statistic 29

BASF SE epoxy resin sales grew 8% to USD 1.2 billion in 2023

Statistic 30

Nan Ya Plastics Corp. holds 10% Asia market share, production 380,000 tons in 2022

Statistic 31

Huntsman Corporation epoxy revenue USD 950 million in 2023, 9% global share

Statistic 32

Aditya Birla Group (Resins & Plastics) epoxy sales INR 25 billion in FY2023

Statistic 33

Spolchemie AS epoxy production 120,000 tons/year, revenue EUR 450 million in 2022

Statistic 34

Westlake Epoxy Inc. capacity 260,000 tons, sales USD 800 million in 2023

Statistic 35

Changzhou Chemical epoxy output 150,000 tons in 2022, revenue CNY 5.2 billion

Statistic 36

Kukdo Chemical Co. Ltd. epoxy resin sales KRW 1.1 trillion in 2023, 8% Korea share

Statistic 37

Evonik Industries AG epoxy-related revenue USD 600 million in 2022

Statistic 38

Sinopec Baling Petrochemical epoxy capacity 200,000 tons, sales CNY 4.8 billion 2023

Statistic 39

Mitsui Chemicals Inc. epoxy production 90,000 tons, revenue JPY 120 billion in 2022

Statistic 40

Covestro AG advanced epoxy materials sales EUR 350 million in 2023

Statistic 41

LG Chem Ltd. epoxy resin revenue KRW 800 billion in 2023

Statistic 42

Petronas Chemicals Group epoxy sales MYR 2.5 billion in 2022

Statistic 43

Sadara Chemical Company (Dow-Saudi) epoxy capacity 300,000 tons, operational since 2023

Statistic 44

Araldite (Huntsman) brand epoxy sales USD 400 million in 2023

Statistic 45

Bluestar New Chemical Materials epoxy production 180,000 tons, revenue CNY 6.1 billion 2022

Statistic 46

DIC Corporation epoxy resin sales JPY 85 billion in 2023

Statistic 47

Atul Ltd. epoxy revenue INR 12 billion in FY2023, India leader

Statistic 48

Kolon Industries Inc. epoxy business profit KRW 150 billion in 2022

Statistic 49

ALLNEX GmbH (epoxy coatings) sales EUR 280 million in 2023

Statistic 50

Cardolite Corporation bio-epoxy revenue USD 120 million in 2023

Statistic 51

Eternal Materials Co. epoxy sales TWD 15 billion in 2022

Statistic 52

Rezolit (Sinopec) epoxy capacity expansion to 250,000 tons by 2025, current sales CNY 3.9 billion

Statistic 53

Solvay SA (now Syensqo) epoxy composites revenue EUR 420 million in 2023

Statistic 54

Global epoxy resin market size reached USD 9.8 billion in 2022 and is projected to grow to USD 13.5 billion by 2028 at a CAGR of 5.4%

Statistic 55

The epoxy resin market in North America was valued at USD 2.1 billion in 2023, expected to reach USD 2.8 billion by 2030 with a CAGR of 4.2%

Statistic 56

Asia-Pacific epoxy resin market accounted for 52% of global share in 2022, valued at USD 5.1 billion

Statistic 57

Liquid epoxy resin segment dominated with 68% market share in 2023, generating USD 6.7 billion in revenue

Statistic 58

Epoxy resin market for wind energy applications grew from USD 450 million in 2021 to projected USD 780 million by 2027 at 9.5% CAGR

Statistic 59

Global solid epoxy resin market size was USD 2.3 billion in 2022, forecasted to hit USD 3.2 billion by 2030 at 4.1% CAGR

Statistic 60

The bio-based epoxy resin market expanded to USD 180 million in 2023, with a projected CAGR of 12.3% through 2032

Statistic 61

Epoxy resin market in construction coatings segment reached USD 2.9 billion in 2022, growing at 6.1% CAGR to 2030

Statistic 62

Halogen-free epoxy resin market valued at USD 1.2 billion in 2023, expected to grow to USD 2.1 billion by 2031 at 7.2% CAGR

Statistic 63

Global epoxy resin market for electronics applications was USD 2.4 billion in 2022, projected CAGR of 5.8% to USD 3.9 billion by 2029

Statistic 64

Europe epoxy resin market size stood at USD 2.0 billion in 2023, anticipated to reach USD 2.7 billion by 2032 at 3.4% CAGR

Statistic 65

Flame-retardant epoxy resin market grew to USD 1.5 billion in 2022, with 6.7% CAGR forecast to 2030

Statistic 66

Global epoxy resin adhesives market valued at USD 3.2 billion in 2023, projected to USD 4.8 billion by 2031 at 5.2% CAGR

Statistic 67

Nano-epoxy resin market size was USD 250 million in 2022, expected CAGR of 11.4% to USD 620 million by 2030

Statistic 68

Middle East & Africa epoxy resin market reached USD 450 million in 2023, growing at 4.8% CAGR to 2030

Statistic 69

Epoxy resin market for paints and coatings was USD 4.1 billion in 2022, forecasted CAGR 5.9% to USD 6.7 billion by 2029

Statistic 70

High-performance epoxy resin market valued at USD 1.8 billion in 2023, projected to USD 2.9 billion by 2032 at 5.5% CAGR

Statistic 71

Latin America epoxy resin market size hit USD 650 million in 2022, with 4.3% CAGR to 2030

Statistic 72

Waterborne epoxy resin market grew to USD 1.1 billion in 2023, expected 7.1% CAGR to USD 2.0 billion by 2031

Statistic 73

Global epoxy resin market for composites applications reached USD 1.9 billion in 2022, CAGR 6.2% to USD 3.1 billion by 2030

Statistic 74

UV-curable epoxy resin market size was USD 320 million in 2023, projected CAGR 8.9% to USD 650 million by 2030

Statistic 75

South Korea epoxy resin market valued at USD 850 million in 2022, growing at 5.1% CAGR to 2028

Statistic 76

Flexible epoxy resin market reached USD 950 million in 2023, forecasted to USD 1.6 billion by 2032 at 6.0% CAGR

Statistic 77

Global epoxy resin market CAGR from 2023-2030 estimated at 5.7%, driven by construction boom

Statistic 78

Powder epoxy resin market size stood at USD 1.4 billion in 2022, with 4.9% CAGR to 2030

Statistic 79

Epoxy resin market for aerospace grew from USD 550 million in 2021 to projected USD 920 million by 2029 at 7.8% CAGR

Statistic 80

Reactive diluent-modified epoxy resin market valued at USD 420 million in 2023, CAGR 6.5% to 2031

Statistic 81

Global epoxy resin market volume reached 3.2 million tons in 2022

Statistic 82

Cycloaliphatic epoxy resin market size was USD 750 million in 2023, expected to grow at 5.3% CAGR

Statistic 83

Epoxy resin market in automotive sector valued at USD 2.2 billion in 2022, projected CAGR 6.4%

Statistic 84

China produced 1.25 million metric tons of epoxy resin in 2022, accounting for 42% of global production

Statistic 85

Global epoxy resin consumption volume hit 3.1 million tons in 2023, with Asia consuming 1.7 million tons

Statistic 86

US epoxy resin production capacity stood at 650,000 tons per year in 2023

Statistic 87

India epoxy resin consumption grew 8.2% YoY to 180,000 tons in 2022

Statistic 88

Europe epoxy resin production reached 780,000 tons in 2022, down 2% from 2021 due to energy costs

Statistic 89

Japan annual epoxy resin output was 420,000 metric tons in 2023

Statistic 90

Global epoxy resin demand forecasted to reach 4.2 million tons by 2030

Statistic 91

South Korea epoxy resin production capacity expanded to 350,000 tons/year in 2023

Statistic 92

Brazil epoxy resin consumption volume was 45,000 tons in 2022, growing at 5.1% CAGR

Statistic 93

Middle East epoxy resin production hit 120,000 tons in 2023, led by Saudi Arabia's 80,000 tons

Statistic 94

Germany epoxy resin consumption stood at 210,000 tons in 2022

Statistic 95

Global bisphenol A epoxy resin production dominated with 85% share, 2.65 million tons in 2022

Statistic 96

Vietnam epoxy resin imports reached 95,000 tons in 2023

Statistic 97

Russia epoxy resin production capacity is 150,000 tons/year as of 2023

Statistic 98

Australia epoxy resin consumption was 25,000 tons in 2022, primarily for mining equipment

Statistic 99

Thailand epoxy resin production grew to 110,000 tons in 2023

Statistic 100

Global epoxy resin utilization rate averaged 78% in 2022

Statistic 101

Indonesia epoxy resin demand reached 75,000 tons in 2023

Statistic 102

UK epoxy resin production was 85,000 tons in 2022

Statistic 103

Mexico epoxy resin consumption volume hit 55,000 tons in 2023

Statistic 104

Singapore epoxy resin exports totaled 60,000 tons in 2022

Statistic 105

Turkey epoxy resin production capacity stands at 40,000 tons/year in 2023

Statistic 106

Global novolac epoxy resin production was 280,000 tons in 2022

Statistic 107

Malaysia epoxy resin consumption grew 7.5% to 90,000 tons in 2023

Statistic 108

France epoxy resin output reached 95,000 tons in 2022

Statistic 109

UAE epoxy resin production capacity expanded to 50,000 tons in 2023

Statistic 110

Epoxy resin coatings application holds 35% of global consumption

Statistic 111

Global epoxy resin for electrical laminates production was 450,000 tons in 2022

Statistic 112

Italy epoxy resin consumption was 70,000 tons in 2023

Statistic 113

Poland epoxy resin production hit 35,000 tons in 2022

Statistic 114

Asia-Pacific holds 55% of global epoxy resin market share in coatings applications in 2023

Statistic 115

North America epoxy resin market grew 4.5% in 2022, led by US with 60% regional share

Statistic 116

China accounts for 40% of world epoxy resin production capacity in 2023

Statistic 117

Europe represents 22% of global epoxy consumption, with Germany at 11% in 2022

Statistic 118

Asia-Pacific epoxy market CAGR projected at 6.2% from 2023-2030

Statistic 119

US imported 250,000 tons of epoxy resin in 2023, mainly from Asia

Statistic 120

Middle East epoxy resin capacity grew 15% YoY to 200,000 tons in 2023

Statistic 121

India epoxy market share in South Asia is 65%, valued at USD 450 million in 2022

Statistic 122

Latin America epoxy consumption up 5.8% to 220,000 tons in 2023, Brazil 50%

Statistic 123

Japan holds 12% of Asia-Pacific epoxy market in 2023

Statistic 124

Southeast Asia epoxy demand surged 9% to 450,000 tons in 2022

Statistic 125

EU-27 epoxy resin production declined 3.2% in 2022 due to regulations

Statistic 126

South Korea epoxy exports reached USD 1.2 billion in 2023, 70% to China

Statistic 127

Africa epoxy market valued at USD 300 million in 2023, CAGR 7.1%

Statistic 128

Australia & New Zealand combined epoxy consumption 40,000 tons in 2022

Statistic 129

Russia epoxy market share in CIS region 55% in 2023

Statistic 130

Mexico epoxy production capacity 80,000 tons/year, 40% for export in 2023

Statistic 131

GCC countries epoxy capacity utilization at 85% in 2022

Statistic 132

Vietnam epoxy imports grew 12% to 120,000 tons in 2023

Statistic 133

Turkey epoxy consumption 35,000 tons in 2022, 60% from imports

Statistic 134

Canada epoxy market valued USD 350 million in 2023

Statistic 135

Indonesia epoxy production up 10% to 70,000 tons in 2023

Statistic 136

UK epoxy market declined 2.5% in 2022 post-Brexit

Statistic 137

Saudi Arabia new epoxy plant adds 100,000 tons capacity in 2023

Statistic 138

Thailand epoxy market CAGR 7.8% projected to 2030

Statistic 139

Brazil epoxy consumption per capita 0.21 tons in 2023

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With the global epoxy resin market surging from a $9.8 billion industry in 2022 to a projected $13.5 billion powerhouse by 2028, this versatile material is clearly building the foundation for our future, from wind turbine blades to the devices in our hands.

Key Takeaways

  • Global epoxy resin market size reached USD 9.8 billion in 2022 and is projected to grow to USD 13.5 billion by 2028 at a CAGR of 5.4%
  • The epoxy resin market in North America was valued at USD 2.1 billion in 2023, expected to reach USD 2.8 billion by 2030 with a CAGR of 4.2%
  • Asia-Pacific epoxy resin market accounted for 52% of global share in 2022, valued at USD 5.1 billion
  • China produced 1.25 million metric tons of epoxy resin in 2022, accounting for 42% of global production
  • Global epoxy resin consumption volume hit 3.1 million tons in 2023, with Asia consuming 1.7 million tons
  • US epoxy resin production capacity stood at 650,000 tons per year in 2023
  • Coatings segment consumed 1.2 million tons of epoxy resin globally in 2023, representing 38% share
  • Adhesives end-use accounted for 22% of epoxy resin market, or 680,000 tons in 2022
  • Electrical & electronics applications used 15% of global epoxy resin, 465,000 tons in 2023
  • Asia-Pacific holds 55% of global epoxy resin market share in coatings applications in 2023
  • North America epoxy resin market grew 4.5% in 2022, led by US with 60% regional share
  • China accounts for 40% of world epoxy resin production capacity in 2023
  • Dow Chemical held 15% global epoxy resin market share in 2023 with revenue USD 1.5 billion from epoxy
  • Olin Corporation epoxy segment sales reached USD 2.1 billion in 2022, 12% market share
  • Hexion Inc. produced 450,000 tons of epoxy resins in 2023, revenue USD 1.8 billion

The global epoxy resin market is growing steadily due to widespread industrial and construction demand.

Applications and End-Uses

  • Coatings segment consumed 1.2 million tons of epoxy resin globally in 2023, representing 38% share
  • Adhesives end-use accounted for 22% of epoxy resin market, or 680,000 tons in 2022
  • Electrical & electronics applications used 15% of global epoxy resin, 465,000 tons in 2023
  • Composites sector consumed 12% or 370,000 tons of epoxy resin worldwide in 2022
  • Construction industry utilized 28% of epoxy resins for flooring and coatings in 2023
  • Automotive applications represented 18% of epoxy resin consumption, 560,000 tons in 2022
  • Wind turbine blades used 180,000 tons of epoxy resin in 2023 globally
  • Aerospace end-use consumed 8% or 250,000 tons of epoxy resins in 2022
  • Paints segment accounted for 14% of epoxy resin usage, 430,000 tons in 2023
  • Marine coatings applications used 95,000 tons of epoxy resin in 2022
  • Electrical insulators end-use represented 9% market share, 280,000 tons globally in 2023
  • Sports equipment composites consumed 45,000 tons of epoxy in 2022
  • Packaging applications used 65,000 tons of epoxy resins in 2023
  • Pipe coatings segment consumed 110,000 tons of epoxy resin worldwide in 2022
  • Tooling and molding end-use accounted for 5% or 155,000 tons in 2023
  • Furniture manufacturing used 35,000 tons of epoxy for coatings in 2022
  • Solar panel encapsulants consumed 120,000 tons of epoxy resin in 2023
  • Railway applications represented 4% share, 125,000 tons in 2022
  • Medical devices end-use used 22,000 tons of epoxy adhesives in 2023
  • Anti-corrosion coatings for oil & gas consumed 140,000 tons in 2022
  • Building & construction dominated with 1.05 million tons consumption in 2023
  • Electrical potting compounds used 75,000 tons of epoxy in 2022
  • Aerospace composites specifically used 150,000 tons of epoxy resin in 2023
  • Automotive structural adhesives consumed 320,000 tons in 2022
  • Epoxy flooring in commercial buildings used 220,000 tons globally in 2023

Applications and End-Uses Interpretation

Epoxy resin is the unsung industrial glue of modern civilization, sticking everything from our walls and cars to our phones and planes together in a remarkably durable, multi-million-ton embrace.

Key Players and Financials

  • Dow Chemical held 15% global epoxy resin market share in 2023 with revenue USD 1.5 billion from epoxy
  • Olin Corporation epoxy segment sales reached USD 2.1 billion in 2022, 12% market share
  • Hexion Inc. produced 450,000 tons of epoxy resins in 2023, revenue USD 1.8 billion
  • BASF SE epoxy resin sales grew 8% to USD 1.2 billion in 2023
  • Nan Ya Plastics Corp. holds 10% Asia market share, production 380,000 tons in 2022
  • Huntsman Corporation epoxy revenue USD 950 million in 2023, 9% global share
  • Aditya Birla Group (Resins & Plastics) epoxy sales INR 25 billion in FY2023
  • Spolchemie AS epoxy production 120,000 tons/year, revenue EUR 450 million in 2022
  • Westlake Epoxy Inc. capacity 260,000 tons, sales USD 800 million in 2023
  • Changzhou Chemical epoxy output 150,000 tons in 2022, revenue CNY 5.2 billion
  • Kukdo Chemical Co. Ltd. epoxy resin sales KRW 1.1 trillion in 2023, 8% Korea share
  • Evonik Industries AG epoxy-related revenue USD 600 million in 2022
  • Sinopec Baling Petrochemical epoxy capacity 200,000 tons, sales CNY 4.8 billion 2023
  • Mitsui Chemicals Inc. epoxy production 90,000 tons, revenue JPY 120 billion in 2022
  • Covestro AG advanced epoxy materials sales EUR 350 million in 2023
  • LG Chem Ltd. epoxy resin revenue KRW 800 billion in 2023
  • Petronas Chemicals Group epoxy sales MYR 2.5 billion in 2022
  • Sadara Chemical Company (Dow-Saudi) epoxy capacity 300,000 tons, operational since 2023
  • Araldite (Huntsman) brand epoxy sales USD 400 million in 2023
  • Bluestar New Chemical Materials epoxy production 180,000 tons, revenue CNY 6.1 billion 2022
  • DIC Corporation epoxy resin sales JPY 85 billion in 2023
  • Atul Ltd. epoxy revenue INR 12 billion in FY2023, India leader
  • Kolon Industries Inc. epoxy business profit KRW 150 billion in 2022
  • ALLNEX GmbH (epoxy coatings) sales EUR 280 million in 2023
  • Cardolite Corporation bio-epoxy revenue USD 120 million in 2023
  • Eternal Materials Co. epoxy sales TWD 15 billion in 2022
  • Rezolit (Sinopec) epoxy capacity expansion to 250,000 tons by 2025, current sales CNY 3.9 billion
  • Solvay SA (now Syensqo) epoxy composites revenue EUR 420 million in 2023

Key Players and Financials Interpretation

Despite Dow's respectable 15% slice of the global epoxy pie at $1.5 billion, Olin quietly trounced everyone with a cool $2.1 billion, proving that in this sticky, multi-billion dollar industry, the biggest player isn't always the one shouting the loudest from the top of the datasheet.

Market Size and Growth

  • Global epoxy resin market size reached USD 9.8 billion in 2022 and is projected to grow to USD 13.5 billion by 2028 at a CAGR of 5.4%
  • The epoxy resin market in North America was valued at USD 2.1 billion in 2023, expected to reach USD 2.8 billion by 2030 with a CAGR of 4.2%
  • Asia-Pacific epoxy resin market accounted for 52% of global share in 2022, valued at USD 5.1 billion
  • Liquid epoxy resin segment dominated with 68% market share in 2023, generating USD 6.7 billion in revenue
  • Epoxy resin market for wind energy applications grew from USD 450 million in 2021 to projected USD 780 million by 2027 at 9.5% CAGR
  • Global solid epoxy resin market size was USD 2.3 billion in 2022, forecasted to hit USD 3.2 billion by 2030 at 4.1% CAGR
  • The bio-based epoxy resin market expanded to USD 180 million in 2023, with a projected CAGR of 12.3% through 2032
  • Epoxy resin market in construction coatings segment reached USD 2.9 billion in 2022, growing at 6.1% CAGR to 2030
  • Halogen-free epoxy resin market valued at USD 1.2 billion in 2023, expected to grow to USD 2.1 billion by 2031 at 7.2% CAGR
  • Global epoxy resin market for electronics applications was USD 2.4 billion in 2022, projected CAGR of 5.8% to USD 3.9 billion by 2029
  • Europe epoxy resin market size stood at USD 2.0 billion in 2023, anticipated to reach USD 2.7 billion by 2032 at 3.4% CAGR
  • Flame-retardant epoxy resin market grew to USD 1.5 billion in 2022, with 6.7% CAGR forecast to 2030
  • Global epoxy resin adhesives market valued at USD 3.2 billion in 2023, projected to USD 4.8 billion by 2031 at 5.2% CAGR
  • Nano-epoxy resin market size was USD 250 million in 2022, expected CAGR of 11.4% to USD 620 million by 2030
  • Middle East & Africa epoxy resin market reached USD 450 million in 2023, growing at 4.8% CAGR to 2030
  • Epoxy resin market for paints and coatings was USD 4.1 billion in 2022, forecasted CAGR 5.9% to USD 6.7 billion by 2029
  • High-performance epoxy resin market valued at USD 1.8 billion in 2023, projected to USD 2.9 billion by 2032 at 5.5% CAGR
  • Latin America epoxy resin market size hit USD 650 million in 2022, with 4.3% CAGR to 2030
  • Waterborne epoxy resin market grew to USD 1.1 billion in 2023, expected 7.1% CAGR to USD 2.0 billion by 2031
  • Global epoxy resin market for composites applications reached USD 1.9 billion in 2022, CAGR 6.2% to USD 3.1 billion by 2030
  • UV-curable epoxy resin market size was USD 320 million in 2023, projected CAGR 8.9% to USD 650 million by 2030
  • South Korea epoxy resin market valued at USD 850 million in 2022, growing at 5.1% CAGR to 2028
  • Flexible epoxy resin market reached USD 950 million in 2023, forecasted to USD 1.6 billion by 2032 at 6.0% CAGR
  • Global epoxy resin market CAGR from 2023-2030 estimated at 5.7%, driven by construction boom
  • Powder epoxy resin market size stood at USD 1.4 billion in 2022, with 4.9% CAGR to 2030
  • Epoxy resin market for aerospace grew from USD 550 million in 2021 to projected USD 920 million by 2029 at 7.8% CAGR
  • Reactive diluent-modified epoxy resin market valued at USD 420 million in 2023, CAGR 6.5% to 2031
  • Global epoxy resin market volume reached 3.2 million tons in 2022
  • Cycloaliphatic epoxy resin market size was USD 750 million in 2023, expected to grow at 5.3% CAGR
  • Epoxy resin market in automotive sector valued at USD 2.2 billion in 2022, projected CAGR 6.4%

Market Size and Growth Interpretation

The global epoxy resin industry, now a robust $9.8 billion behemoth being rapidly molded by Asia-Pacific's dominance and a relentless wind energy push, is proving it's not just sticking around—it's fundamentally bonding our future, one high-growth, high-tech, and increasingly green application at a time.

Production and Consumption

  • China produced 1.25 million metric tons of epoxy resin in 2022, accounting for 42% of global production
  • Global epoxy resin consumption volume hit 3.1 million tons in 2023, with Asia consuming 1.7 million tons
  • US epoxy resin production capacity stood at 650,000 tons per year in 2023
  • India epoxy resin consumption grew 8.2% YoY to 180,000 tons in 2022
  • Europe epoxy resin production reached 780,000 tons in 2022, down 2% from 2021 due to energy costs
  • Japan annual epoxy resin output was 420,000 metric tons in 2023
  • Global epoxy resin demand forecasted to reach 4.2 million tons by 2030
  • South Korea epoxy resin production capacity expanded to 350,000 tons/year in 2023
  • Brazil epoxy resin consumption volume was 45,000 tons in 2022, growing at 5.1% CAGR
  • Middle East epoxy resin production hit 120,000 tons in 2023, led by Saudi Arabia's 80,000 tons
  • Germany epoxy resin consumption stood at 210,000 tons in 2022
  • Global bisphenol A epoxy resin production dominated with 85% share, 2.65 million tons in 2022
  • Vietnam epoxy resin imports reached 95,000 tons in 2023
  • Russia epoxy resin production capacity is 150,000 tons/year as of 2023
  • Australia epoxy resin consumption was 25,000 tons in 2022, primarily for mining equipment
  • Thailand epoxy resin production grew to 110,000 tons in 2023
  • Global epoxy resin utilization rate averaged 78% in 2022
  • Indonesia epoxy resin demand reached 75,000 tons in 2023
  • UK epoxy resin production was 85,000 tons in 2022
  • Mexico epoxy resin consumption volume hit 55,000 tons in 2023
  • Singapore epoxy resin exports totaled 60,000 tons in 2022
  • Turkey epoxy resin production capacity stands at 40,000 tons/year in 2023
  • Global novolac epoxy resin production was 280,000 tons in 2022
  • Malaysia epoxy resin consumption grew 7.5% to 90,000 tons in 2023
  • France epoxy resin output reached 95,000 tons in 2022
  • UAE epoxy resin production capacity expanded to 50,000 tons in 2023
  • Epoxy resin coatings application holds 35% of global consumption
  • Global epoxy resin for electrical laminates production was 450,000 tons in 2022
  • Italy epoxy resin consumption was 70,000 tons in 2023
  • Poland epoxy resin production hit 35,000 tons in 2022

Production and Consumption Interpretation

While China cements its role as the epoxy resin behemoth, producing nearly half the world's supply, the global market is a mosaic of regional dramas—from Europe's energy-cost slump to India's thirsty growth and America's steady industrial might—all setting the stage for a future where demand is forecast to stick firmly to its upward trajectory.

Regional Analysis

  • Asia-Pacific holds 55% of global epoxy resin market share in coatings applications in 2023
  • North America epoxy resin market grew 4.5% in 2022, led by US with 60% regional share
  • China accounts for 40% of world epoxy resin production capacity in 2023
  • Europe represents 22% of global epoxy consumption, with Germany at 11% in 2022
  • Asia-Pacific epoxy market CAGR projected at 6.2% from 2023-2030
  • US imported 250,000 tons of epoxy resin in 2023, mainly from Asia
  • Middle East epoxy resin capacity grew 15% YoY to 200,000 tons in 2023
  • India epoxy market share in South Asia is 65%, valued at USD 450 million in 2022
  • Latin America epoxy consumption up 5.8% to 220,000 tons in 2023, Brazil 50%
  • Japan holds 12% of Asia-Pacific epoxy market in 2023
  • Southeast Asia epoxy demand surged 9% to 450,000 tons in 2022
  • EU-27 epoxy resin production declined 3.2% in 2022 due to regulations
  • South Korea epoxy exports reached USD 1.2 billion in 2023, 70% to China
  • Africa epoxy market valued at USD 300 million in 2023, CAGR 7.1%
  • Australia & New Zealand combined epoxy consumption 40,000 tons in 2022
  • Russia epoxy market share in CIS region 55% in 2023
  • Mexico epoxy production capacity 80,000 tons/year, 40% for export in 2023
  • GCC countries epoxy capacity utilization at 85% in 2022
  • Vietnam epoxy imports grew 12% to 120,000 tons in 2023
  • Turkey epoxy consumption 35,000 tons in 2022, 60% from imports
  • Canada epoxy market valued USD 350 million in 2023
  • Indonesia epoxy production up 10% to 70,000 tons in 2023
  • UK epoxy market declined 2.5% in 2022 post-Brexit
  • Saudi Arabia new epoxy plant adds 100,000 tons capacity in 2023
  • Thailand epoxy market CAGR 7.8% projected to 2030
  • Brazil epoxy consumption per capita 0.21 tons in 2023

Regional Analysis Interpretation

While Asia-Pacific cements its dominance as the epoxy kingpin, feeding America’s insatiable appetite for coatings, Europe grapples with regulatory shrinkage, and every other region, from the booming Middle East to the scrappy players in Latin America, is fiercely vying for a sticky piece of the global pie.

Sources & References