Global coatings applications consumed 1.2 million tons of epoxy resin last year. This article details the consumption patterns, regional dynamics, and key financial metrics driving the multi-billion dollar industry.
Key Takeaways
- 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
- 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
- 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
- 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
In 2023 coatings dominated epoxy resin demand at 1.2 million tons and 38% share globally.
Related reading
01 · Category
Applications and End-Uses25 stats
01
Coatings segment consumed 1.2 million tons of epoxy resin globally in 2023, representing 38% share
02
Adhesives end-use accounted for 22% of epoxy resin market, or 680,000 tons in 2022
03
Electrical & electronics applications used 15% of global epoxy resin, 465,000 tons in 2023
04
Composites sector consumed 12% or 370,000 tons of epoxy resin worldwide in 2022
05
Construction industry utilized 28% of epoxy resins for flooring and coatings in 2023
06
Automotive applications represented 18% of epoxy resin consumption, 560,000 tons in 2022
07
Wind turbine blades used 180,000 tons of epoxy resin in 2023 globally
08
Aerospace end-use consumed 8% or 250,000 tons of epoxy resins in 2022
09
Paints segment accounted for 14% of epoxy resin usage, 430,000 tons in 2023
10
Marine coatings applications used 95,000 tons of epoxy resin in 2022
11
Electrical insulators end-use represented 9% market share, 280,000 tons globally in 2023
12
Sports equipment composites consumed 45,000 tons of epoxy in 2022
13
Packaging applications used 65,000 tons of epoxy resins in 2023
14
Pipe coatings segment consumed 110,000 tons of epoxy resin worldwide in 2022
15
Tooling and molding end-use accounted for 5% or 155,000 tons in 2023
16
Furniture manufacturing used 35,000 tons of epoxy for coatings in 2022
17
Solar panel encapsulants consumed 120,000 tons of epoxy resin in 2023
18
Railway applications represented 4% share, 125,000 tons in 2022
19
Medical devices end-use used 22,000 tons of epoxy adhesives in 2023
20
Anti-corrosion coatings for oil & gas consumed 140,000 tons in 2022
21
Building & construction dominated with 1.05 million tons consumption in 2023
22
Electrical potting compounds used 75,000 tons of epoxy in 2022
23
Aerospace composites specifically used 150,000 tons of epoxy resin in 2023
24
Automotive structural adhesives consumed 320,000 tons in 2022
25
Epoxy flooring in commercial buildings used 220,000 tons globally in 2023
Interpretation
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.
02 · Category
Key Players and Financials28 stats
01
Dow Chemical held 15% global epoxy resin market share in 2023 with revenue USD 1.5 billion from epoxy
02
Olin Corporation epoxy segment sales reached USD 2.1 billion in 2022, 12% market share
03
Hexion Inc. produced 450,000 tons of epoxy resins in 2023, revenue USD 1.8 billion
04
BASF SE epoxy resin sales grew 8% to USD 1.2 billion in 2023
05
Nan Ya Plastics Corp. holds 10% Asia market share, production 380,000 tons in 2022
06
Huntsman Corporation epoxy revenue USD 950 million in 2023, 9% global share
07
Aditya Birla Group (Resins & Plastics) epoxy sales INR 25 billion in FY2023
08
Spolchemie AS epoxy production 120,000 tons/year, revenue EUR 450 million in 2022
09
Westlake Epoxy Inc. capacity 260,000 tons, sales USD 800 million in 2023
10
Changzhou Chemical epoxy output 150,000 tons in 2022, revenue CNY 5.2 billion
11
Kukdo Chemical Co. Ltd. epoxy resin sales KRW 1.1 trillion in 2023, 8% Korea share
12
Evonik Industries AG epoxy-related revenue USD 600 million in 2022
13
Sinopec Baling Petrochemical epoxy capacity 200,000 tons, sales CNY 4.8 billion 2023
14
Mitsui Chemicals Inc. epoxy production 90,000 tons, revenue JPY 120 billion in 2022
15
Covestro AG advanced epoxy materials sales EUR 350 million in 2023
16
LG Chem Ltd. epoxy resin revenue KRW 800 billion in 2023
17
Petronas Chemicals Group epoxy sales MYR 2.5 billion in 2022
18
Sadara Chemical Company (Dow-Saudi) epoxy capacity 300,000 tons, operational since 2023
19
Araldite (Huntsman) brand epoxy sales USD 400 million in 2023
20
Bluestar New Chemical Materials epoxy production 180,000 tons, revenue CNY 6.1 billion 2022
21
DIC Corporation epoxy resin sales JPY 85 billion in 2023
22
Atul Ltd. epoxy revenue INR 12 billion in FY2023, India leader
23
Kolon Industries Inc. epoxy business profit KRW 150 billion in 2022
24
ALLNEX GmbH (epoxy coatings) sales EUR 280 million in 2023
25
Cardolite Corporation bio-epoxy revenue USD 120 million in 2023
26
Eternal Materials Co. epoxy sales TWD 15 billion in 2022
27
Rezolit (Sinopec) epoxy capacity expansion to 250,000 tons by 2025, current sales CNY 3.9 billion
28
Solvay SA (now Syensqo) epoxy composites revenue EUR 420 million in 2023
Interpretation
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.
03 · Category
Market Size and Growth30 stats
01
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%
02
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%
03
Asia-Pacific epoxy resin market accounted for 52% of global share in 2022, valued at USD 5.1 billion
04
Liquid epoxy resin segment dominated with 68% market share in 2023, generating USD 6.7 billion in revenue
05
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
06
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
07
The bio-based epoxy resin market expanded to USD 180 million in 2023, with a projected CAGR of 12.3% through 2032
08
Epoxy resin market in construction coatings segment reached USD 2.9 billion in 2022, growing at 6.1% CAGR to 2030
09
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
10
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
11
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
12
Flame-retardant epoxy resin market grew to USD 1.5 billion in 2022, with 6.7% CAGR forecast to 2030
13
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
14
Nano-epoxy resin market size was USD 250 million in 2022, expected CAGR of 11.4% to USD 620 million by 2030
15
Middle East & Africa epoxy resin market reached USD 450 million in 2023, growing at 4.8% CAGR to 2030
16
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
17
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
18
Latin America epoxy resin market size hit USD 650 million in 2022, with 4.3% CAGR to 2030
19
Waterborne epoxy resin market grew to USD 1.1 billion in 2023, expected 7.1% CAGR to USD 2.0 billion by 2031
20
Global epoxy resin market for composites applications reached USD 1.9 billion in 2022, CAGR 6.2% to USD 3.1 billion by 2030
21
UV-curable epoxy resin market size was USD 320 million in 2023, projected CAGR 8.9% to USD 650 million by 2030
22
South Korea epoxy resin market valued at USD 850 million in 2022, growing at 5.1% CAGR to 2028
23
Flexible epoxy resin market reached USD 950 million in 2023, forecasted to USD 1.6 billion by 2032 at 6.0% CAGR
24
Global epoxy resin market CAGR from 2023-2030 estimated at 5.7%, driven by construction boom
25
Powder epoxy resin market size stood at USD 1.4 billion in 2022, with 4.9% CAGR to 2030
26
Epoxy resin market for aerospace grew from USD 550 million in 2021 to projected USD 920 million by 2029 at 7.8% CAGR
27
Reactive diluent-modified epoxy resin market valued at USD 420 million in 2023, CAGR 6.5% to 2031
28
Global epoxy resin market volume reached 3.2 million tons in 2022
29
Cycloaliphatic epoxy resin market size was USD 750 million in 2023, expected to grow at 5.3% CAGR
30
Epoxy resin market in automotive sector valued at USD 2.2 billion in 2022, projected CAGR 6.4%
Interpretation
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.
More related reading
04 · Category
Production and Consumption30 stats
01
China produced 1.25 million metric tons of epoxy resin in 2022, accounting for 42% of global production
02
Global epoxy resin consumption volume hit 3.1 million tons in 2023, with Asia consuming 1.7 million tons
03
US epoxy resin production capacity stood at 650,000 tons per year in 2023
04
India epoxy resin consumption grew 8.2% YoY to 180,000 tons in 2022
05
Europe epoxy resin production reached 780,000 tons in 2022, down 2% from 2021 due to energy costs
06
Japan annual epoxy resin output was 420,000 metric tons in 2023
07
Global epoxy resin demand forecasted to reach 4.2 million tons by 2030
08
South Korea epoxy resin production capacity expanded to 350,000 tons/year in 2023
09
Brazil epoxy resin consumption volume was 45,000 tons in 2022, growing at 5.1% CAGR
10
Middle East epoxy resin production hit 120,000 tons in 2023, led by Saudi Arabia's 80,000 tons
11
Germany epoxy resin consumption stood at 210,000 tons in 2022
12
Global bisphenol A epoxy resin production dominated with 85% share, 2.65 million tons in 2022
13
Vietnam epoxy resin imports reached 95,000 tons in 2023
14
Russia epoxy resin production capacity is 150,000 tons/year as of 2023
15
Australia epoxy resin consumption was 25,000 tons in 2022, primarily for mining equipment
16
Thailand epoxy resin production grew to 110,000 tons in 2023
17
Global epoxy resin utilization rate averaged 78% in 2022
18
Indonesia epoxy resin demand reached 75,000 tons in 2023
19
UK epoxy resin production was 85,000 tons in 2022
20
Mexico epoxy resin consumption volume hit 55,000 tons in 2023
21
Singapore epoxy resin exports totaled 60,000 tons in 2022
22
Turkey epoxy resin production capacity stands at 40,000 tons/year in 2023
23
Global novolac epoxy resin production was 280,000 tons in 2022
24
Malaysia epoxy resin consumption grew 7.5% to 90,000 tons in 2023
25
France epoxy resin output reached 95,000 tons in 2022
26
UAE epoxy resin production capacity expanded to 50,000 tons in 2023
27
Epoxy resin coatings application holds 35% of global consumption
28
Global epoxy resin for electrical laminates production was 450,000 tons in 2022
29
Italy epoxy resin consumption was 70,000 tons in 2023
30
Poland epoxy resin production hit 35,000 tons in 2022
Interpretation
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.
05 · Category
Regional Analysis26 stats
01
Asia-Pacific holds 55% of global epoxy resin market share in coatings applications in 2023
02
North America epoxy resin market grew 4.5% in 2022, led by US with 60% regional share
03
China accounts for 40% of world epoxy resin production capacity in 2023
04
Europe represents 22% of global epoxy consumption, with Germany at 11% in 2022
05
Asia-Pacific epoxy market CAGR projected at 6.2% from 2023-2030
06
US imported 250,000 tons of epoxy resin in 2023, mainly from Asia
07
Middle East epoxy resin capacity grew 15% YoY to 200,000 tons in 2023
08
India epoxy market share in South Asia is 65%, valued at USD 450 million in 2022
09
Latin America epoxy consumption up 5.8% to 220,000 tons in 2023, Brazil 50%
10
Japan holds 12% of Asia-Pacific epoxy market in 2023
11
Southeast Asia epoxy demand surged 9% to 450,000 tons in 2022
12
EU-27 epoxy resin production declined 3.2% in 2022 due to regulations
13
South Korea epoxy exports reached USD 1.2 billion in 2023, 70% to China
14
Africa epoxy market valued at USD 300 million in 2023, CAGR 7.1%
15
Australia & New Zealand combined epoxy consumption 40,000 tons in 2022
16
Russia epoxy market share in CIS region 55% in 2023
17
Mexico epoxy production capacity 80,000 tons/year, 40% for export in 2023
18
GCC countries epoxy capacity utilization at 85% in 2022
19
Vietnam epoxy imports grew 12% to 120,000 tons in 2023
20
Turkey epoxy consumption 35,000 tons in 2022, 60% from imports
21
Canada epoxy market valued USD 350 million in 2023
22
Indonesia epoxy production up 10% to 70,000 tons in 2023
23
UK epoxy market declined 2.5% in 2022 post-Brexit
24
Saudi Arabia new epoxy plant adds 100,000 tons capacity in 2023
25
Thailand epoxy market CAGR 7.8% projected to 2030
26
Brazil epoxy consumption per capita 0.21 tons in 2023
Interpretation
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.
Reference
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APA
Samuel Norberg. (2026, February 13). Epoxy Resin Industry Statistics. Gitnux. https://gitnux.org/epoxy-resin-industry-statistics
MLA
Samuel Norberg. "Epoxy Resin Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/epoxy-resin-industry-statistics.
Chicago
Samuel Norberg. 2026. "Epoxy Resin Industry Statistics." Gitnux. https://gitnux.org/epoxy-resin-industry-statistics.
Sources & references
100 datasets cited across this report · attribution is report-level